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Organisations Neglect Their Customers Through Poor Approach to Data
LONDON, March 18 /PRNewswire/ -- Data quality is still a global issue but, according to a new report issued today by Experian(R), the global information services company, many organisations are still not taking basic steps to care for their customer data. The report entitled, 'Contact Data: Neglected asset seeks responsible owner' commissioned by Experian's specialist data integrity business, QAS, surveyed 2,078 organisations worldwide, and revealed that the overall approach to data quality and integrity around the world is at best half-hearted and, at worst, cavalier. In particular, it highlighted a need for customer data to be championed at a board level. Whilst nearly a quarter of organisations (23 per cent) use data for strategic planning and decision making every day, responsibility for the upkeep of this data is passed from pillar to post. 59 per cent of respondents said that responsibility sits with middle management, from a CRM Manager through to an IT or Sales Manager. Only 50 per cent of organisations went on to say that data quality is championed by someone at board level. Lack of responsibility at the top is reflected in the low value employees place on customer and prospect data. Organisations admitted that only half (52 per cent) of their employees have bought into the importance of data quality, revealing a lethargic approach to an issue that affects business success on a day-to-day level. From a UK perspective, over a quarter of organisations confess to not knowing how 'bought-into' data quality their employees are. The effects of this unstructured approach were shown in Experian's research in January, where only 46 per cent of the same sample said they have a documented data quality strategy in place and 34 per cent said they do not validate ANY of the information they collect on their customers and prospects, whether that be name and address, contact number, e-mail address or bank account information. "I find it incredible that organisations are not paying more attention to data quality," said Jonathan Hulford-Funnell, Group Operating Officer, QAS. "No organisation would want to be seen as ignoring its customers, but this data represents the picture or understanding that a business has of its customers. If it is not properly maintained, how can organisations claim to know who their customers are, where they are based or how to engage with them? Data quality should not be seen as a burden for middle management, it should be something that every employee in the business takes responsibility for." The research did reveal some good news. Despite data awareness remaining a problem for many organisations, the results showed a marked improvement since 2005. The last three years have seen a 16 percentage point increase in the number of businesses where responsibility for data integrity has climbed to board level. This has also led to an increase of 5 percentage points in the number of employees totally bought into data quality since 2005. "I believe that organisations are presented with a simple choice," continued Hulford-Funnell. "They can commit themselves to improving data quality with a documented data quality strategy in place that is supported and enforced by the top. Alternatively, they can continue to ignore the issues and allow current problems to persist. In future, the onus will really lie with these organisations to catch up with the market leaders; otherwise they risk being left behind and having to pick up the pieces that poor data management will have on customer service, future planning and credibility." A full copy of the release can be found at: http://www.qas.co.uk/responsibleowner Notes to Editor: QAS commissioned Dynamic Markets to undertake a quantitative research study to investigate the attitudes towards the integrity of data held within organisations around the globe. 2,078 organisations in six countries (UK, The Netherlands, France, North America, Australia and Singapore) were questioned, operating both in the B2B and B2C markets. The respondents included CEOs and managing directors, plus executives from IT, marketing, sales, human resources, finance, administration and operations/production/logistics functions. The sectors represented by the sample include transport and travel; retail; financial services; utilities and telecoms; education; manufacturing, including construction, agriculture and mining; charities and membership; and other public sector and not-for-profit organisations. The comparative research from 2005 was also conducted by Dynamic markets and followed a similar methodology. This research can be found at: http://www.qas.co.uk/company/research/contact-form.htm About Experian Experian is a global leader in providing information, analytical and marketing services to organisations and consumers to help manage the risk and reward of commercial and financial decisions. Combining its unique information tools and deep understanding of individuals, markets and economies, Experian partners with organisations around the world to establish and strengthen customer relationships and provide their businesses with competitive advantage. For consumers, Experian delivers critical information that enables them to make financial and purchasing decisions with greater control and confidence. Clients include organisations from financial services, retail and catalogue, telecommunications, utilities, media, insurance, automotive, leisure, ecommerce, manufacturing, property and government sectors. Experian Group Limited is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. It has corporate headquarters in Dublin, Ireland, and operational headquarters in Costa Mesa, California, and Nottingham, UK. Experian employs approximately 15,500 people in 36 countries worldwide, supporting clients in more than 65 countries. Annual sales are in excess of $3.8 billion (GBP1.9 billion/EUR2.8 billion). For more information, visit the Group's website on http://www.experiangroup.com. The word 'Experian' is a registered trademark in the EU and other countries and is owned by Experian Ltd. and/or its associated companies. About QAS Ltd Experian's Data Integrity experts provide contact data management (CDM) software and services that help organisations drive value from their data. Every organisation stores contact information on its customers/citizens, prospects, suppliers and employees. Over 10,000 organisations worldwide choose QAS products and services to manage the quality and accuracy of this data to improve business processing, financial performance, efficiency and the customer experience. The CDM capabilities include data auditing and standardisation, validation and cleaning, matching, suppression and enhancement. Specialist Authentication solutions are also offered to meet the growing demand for electronic identity verification in the wake of rising ID-related crimes. Award winning QAS solutions are a result of year-on-year investment in technology development since 1991, to ensure each solution delivers the highest level of functionality and service support. QAS Ltd is a wholly owned subsidiary of Experian, the global information services company. Visit QAS Ltd on the web at http://www.qas.co.uk






