Data quality continues to be a challenge for many organizations as they look to improve efficiency and customer interaction. On average, U.S. companies believe that 25 percent of their data is inaccurate.
In order to improve data accuracy when establishing credit strategies and initiatives, companies should place greater emphasis on data quality practices and adhere to regulations by implementing a centralized data quality strategy. Additionally, ongoing data management best practices can help combat incomplete or missing data, outdated information and inaccurate data — which are the most common errors within a database.
