Telco Data Quality Can Improve Compliance & Decision-Making – Precisely
Blog > Data Integrity > 4 Data Strategy Insights Telco Companies Need to Know
Trusted data powers greater connections.
The 2023 Data Integrity Trends and Insights Report, published in partnership between Precisely and Drexel University’s LeBow College of Business, surveyed over 450 data and analytics professionals worldwide, across industries, about the state of their data programs and the role of data integrity in those programs.
What are the biggest takeaways for telecommunications (telco) companies and their data strategies? We’ve rounded them up for you here – and invite you to read the full report to discover all of the eye-opening findings.
Data Strategy Insights for Telco Companies in 2023
70% of respondents who struggle to trust their data say data quality is their biggest issue.
In telco, data quality directly impacts customer experience, leading to frustration and churn. Think about common complaints around inaccurate billing, incorrect personal information, or service availability discrepancies – these can all be linked back to poor data quality.
Critical initiatives like telco tower siting, network optimization, and marketing all rely on maximizing the value of internal and third-party data with location intelligence. But too often, location data is in inconsistent formats and unstandardized.
Results from a Survey of Data and Analytics Professionals
60% of respondents say poor data quality is the leading challenge for integration projects that go poorly.
Organizations in the telecommunications industry need solutions that help them tackle the unique data quality and integration challenges brought on by:
When data quality is compromised, it undermines effective data governance, and that leads to a range of operational, strategic, and compliance challenges – whether in customer data management, creating a single source of truth for essential data elements, or compliant reporting for initiatives like the Broadband Equity, Access, and Deployment (BEAD) Program.
Telecommunications data is incredibly rich – in fact, data is arguably the most valuable asset that telco companies have at any given time.
But to unlock its fullest potential and make better decisions, you need data integrity – maximum accuracy, consistency, and context – to accelerate and optimize network planning, satisfy subscribers, and streamline your most critical processes.
For more insights and inspiration, download your free copy of the full 2023 Data Integrity Trends and Insights Report.
Precisely partnered with Drexel University’s LeBow College of Business to survey more than 450 data and analytics professionals worldwide about the state of their data programs. Now, we’re sharing the ground-breaking results in the 2023 Data Integrity Trends and Insights Report.
Read
Data professionals typically regard their area of expertise as fitting squarely within the domain of hard science. After all, it’s centered around knowable facts. Even subjective information, such…
You’re likely familiar with the oath witnesses must take to tell “the truth, the whole truth, and nothing but the truth.” It’s clear why “the whole truth” is included in that promise….
Insurance industry leaders are just beginning to understand the value that generative AI can bring to the claims management process. By harnessing the power of machine learning and natural language…
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Copyright 2020, 2024 Precisely
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
Trusted data powers greater connections.
The 2023 Data Integrity Trends and Insights Report, published in partnership between Precisely and Drexel University’s LeBow College of Business, surveyed over 450 data and analytics professionals worldwide, across industries, about the state of their data programs and the role of data integrity in those programs.
What are the biggest takeaways for telecommunications (telco) companies and their data strategies? We’ve rounded them up for you here – and invite you to read the full report to discover all of the eye-opening findings.
Data Strategy Insights for Telco Companies in 2023
70% of respondents who struggle to trust their data say data quality is their biggest issue.
In telco, data quality directly impacts customer experience, leading to frustration and churn. Think about common complaints around inaccurate billing, incorrect personal information, or service availability discrepancies – these can all be linked back to poor data quality.
Critical initiatives like telco tower siting, network optimization, and marketing all rely on maximizing the value of internal and third-party data with location intelligence. But too often, location data is in inconsistent formats and unstandardized.
Results from a Survey of Data and Analytics Professionals
60% of respondents say poor data quality is the leading challenge for integration projects that go poorly.
Organizations in the telecommunications industry need solutions that help them tackle the unique data quality and integration challenges brought on by:
When data quality is compromised, it undermines effective data governance, and that leads to a range of operational, strategic, and compliance challenges – whether in customer data management, creating a single source of truth for essential data elements, or compliant reporting for initiatives like the Broadband Equity, Access, and Deployment (BEAD) Program.
Telecommunications data is incredibly rich – in fact, data is arguably the most valuable asset that telco companies have at any given time.
But to unlock its fullest potential and make better decisions, you need data integrity – maximum accuracy, consistency, and context – to accelerate and optimize network planning, satisfy subscribers, and streamline your most critical processes.
For more insights and inspiration, download your free copy of the full 2023 Data Integrity Trends and Insights Report.
Precisely partnered with Drexel University’s LeBow College of Business to survey more than 450 data and analytics professionals worldwide about the state of their data programs. Now, we’re sharing the ground-breaking results in the 2023 Data Integrity Trends and Insights Report.
Read
Data professionals typically regard their area of expertise as fitting squarely within the domain of hard science. After all, it’s centered around knowable facts. Even subjective information, such…
You’re likely familiar with the oath witnesses must take to tell “the truth, the whole truth, and nothing but the truth.” It’s clear why “the whole truth” is included in that promise….
Insurance industry leaders are just beginning to understand the value that generative AI can bring to the claims management process. By harnessing the power of machine learning and natural language…
Precisely
Discover
Social
Copyright 2020, 2024 Precisely
This article was autogenerated from a news feed from CDO TIMES selected high quality news and research sources. There was no editorial review conducted beyond that by CDO TIMES staff. Need help with any of the topics in our articles? Schedule your free CDO TIMES Tech Navigator call today to stay ahead of the curve and gain insider advantages to propel your business!
