Customer Engagement Trends for 2023
Precisely Blog
by Precisely Editor
2d ago
In today’s hypercompetitive business environment, companies must deliver a standout experience for their target audience. Companies that excel at customer experience (CX) are better at building brand loyalty, increasing total customer lifetime value, and turning occasional customers into brand evangelists. This compelling drive for outstanding CX coincides with an intensive shift toward digitization, personalization, and omnichannel alignment. Technology is helping companies expand their reach to new customers and new channels while also delivering a consistent, holistic experience that serve ..read more
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PIM vs. CMS – What is the difference?
Precisely Blog
by Precisely Editor
3d ago
With modern customers hungry for product data when making buying decisions, companies looking to boost their digital commerce results recognize the necessity for product content management. The question is – which system is best for disseminating their content to the market? When looking into available options, two platform types typically emerge: Product Information Management (PIM) or a Content Management System (CMS). So, what’s the difference? And how do you choose what’s right for you?  PIM vs CMS – What’s the Difference? Simply put: A Content Management System is a&nb ..read more
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Lack of Data Integrity in Financial Institutions: How Much Is It Really Costing You?
Precisely Blog
by Precisely Editor
4d ago
Financial institutions are using data in a myriad of different ways, from know-your-customer (KYC) compliance to marketing insights and channel optimization, from risk assessment and fraud detection to innovative AI and machine learning initiatives. Data Integrity checks and best practices support data management as both strategic and tactical processes that enable companies to improve compliance, reduce costs, transform their customer relationships, and stay on the leading edge of innovation. It’s all too easy for financial institutions to lose sight of the gaps in their overall data strategy ..read more
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Data Quality Trends for 2023
Precisely Blog
by Precisely Editor
6d ago
In its most recent Data Trust Survey, analyst firm IDC reports that just over a quarter (27%) of data practitioners fully trust the data with which they routinely work. As enterprises forge ahead with a host of new data initiatives, data quality remains a top concern among C-level data executives. In its Data Integrity Trends report, Corinium found that 82% of respondents believe data quality concerns represent a barrier to their data integration projects. Over 50% reported that data quality is “very challenging” in their organizations, coming in at #1 on the list of data integrity concerns am ..read more
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Mainframe Technology Trends for 2023
Precisely Blog
by Precisely Editor
1w ago
Mainframes make up some of the most formidable computing power in the world, processing 90 percent of all credit card transactions and 68 percent of the world’s production IT workloads. At the same time, they represent only 6 percent of IT costs. The mainframe is alive and well, and it’s not going anywhere anytime soon. The security, scalability, and reliability of these systems makes them ideal for intensive mission-critical workloads. Yet mainframes weren’t designed to integrate easily with modern distributed computing platforms. After all, mainframe technology was firmly established long be ..read more
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Data Integrity Trends for 2023
Precisely Blog
by Precisely Editor
1w ago
For most enterprises, 2022 was a year of transition, as companies struggled to figure out how to accomplish more with fewer resources. Technology helped to bridge the gap, as AI, machine learning, and data analytics drove smarter decisions, and automation paved the way for greater efficiency. Data integrity trends for 2023, has agility toping the list of success factors for most firms, as business leaders focus on rapid time to value and an emphasis on responding quickly to emerging opportunities and threats. With these goals in mind, access to accurate, consistent, and contextual information ..read more
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Data Integrity Trends for 2023
Precisely Blog
by Precisely Editor
1w ago
For most enterprises, 2022 was a year of transition, as companies struggled to figure out how to accomplish more with fewer resources. Technology helped to bridge the gap, as AI, machine learning, and data analytics drove smarter decisions, and automation paved the way for greater efficiency. Data integrity trends for 2023, has agility toping the list of success factors for most firms, as business leaders focus on rapid time to value and an emphasis on responding quickly to emerging opportunities and threats. With these goals in mind, access to accurate, consistent, and contextual information ..read more
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5 Challenges of Ethical Data Stewardship
Precisely Blog
by Anna Langhorm
2w ago
The pressure is mounting. Data privacy regulations are constantly evolving, and customer preferences and expectations are high and on the move. That means businesses want to provide hyper-personalized experiences, but they also need to ensure they’re using, sharing, and protecting customer data with the utmost integrity. And with the rising focus on environmental, social, and governance (ESG), businesses can no longer rely on quality products alone to win and maintain the support of customers, employees, and investors. All parties want more visibility into organizational commitments behind the ..read more
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Data Governance Trends for 2023
Precisely Blog
by Precisely Editor
2w ago
In today’s highly digitized world, data is a strategic asset. It’s no longer sufficient to extract value from your data opportunistically. To remain competitive, you must proactively and systematically pursue new ways to leverage data to your advantage. As the value of data reaches new highs, the fundamental rules that govern data-driven decision-making haven’t changed. To make good decisions, you need high-quality data. You need to know what you have, where it’s located, what is its lineage and which business rules determine its structure, content, and validity. If your data quality is low or ..read more
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Top Data Integrity Trends Fueling Confident Business Decisions in 2023
Precisely Blog
by Emily Washington
2w ago
With global data creation projected to grow to more than 180 zettabytes by 2025, it’s not surprising that more organizations than ever are looking to harness their ever-growing datasets to drive more confident business decisions. In fact, a recent study from 451 Research shows that nearly 79% of businesses report data will be more important to their organization’s strategic-making over the next 12 months. The same research also highlighted that, for many businesses, the motivation to be data-driven has started to shift – moving away from more typical quarterly metrics such as increasing sales ..read more
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