MDM in EHR

5 Critical Components of MDM in EHR

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Master data management (MDM) is a clear necessity in the healthcare industry—accuracy is paramount where health is concerned—but that does not mean that just any MDM system will do. There are two types of data management in healthcare: identity data, which looks at patient and provider information, and reference data, which focuses on order sets like procedure codes. There are …

Big data think piece 2017

Why We Aren’t Writing a ‘2017 Big Data Trends’ Think Piece

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Moving Past Trends If you are looking for theory and conjecture concerning your data, you can find it quite easily. There is no shortage of people claiming to know the “latest big data trends of 2017.” But do they really help you in moving forward with your data in 2017, or will you just be right back at square one six months …

How many clients data management

Do You Know How Many Customers You Really Have?

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Without proper customer master data management, it can be difficult to determine the scale and type of client that you have or that you wish to acquire. One of the major problems with tracking customers is trying to determine how to improve poor data quality: without data that is clean and accurate, a company faces communications bottlenecks that can eventually …

How Resolving Customer Entity Data Can Revolutionize Customer Service in the Banking Sector

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Financial institutions have always prioritized long-term relationships with their customers. Taking the time to understand who a client is and what their banking needs are has served as the cornerstone of an outstanding customer service experience for decades. However, these relationships are quickly becoming more complicated. The banking sector has experienced incredible change fueled by technology and the data customers …

data quality management

The Biggest Problem in Data Quality Management Today

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As data-driven companies attempt to create a single view of customer interactions across a wide variety of platforms, many chief data officers are encountering a serious data quality management problem. The three components of master data management (MDM)—entity resolution, entity identity information management, and master data systems of record—must work together to turn individual data points into actionable insights. However, …

improving data quality, cost of poor data quality

Do You Know How Much Bad Data Quality Is Costing Your Company?

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Just as high-quality data can propel your company to greater financial success, low-quality data can take a significant toll on your bottom line. According to a recent Experian report on data quality, 95% of companies say they use data to improve business operations, while 91% believe that bad contact data results in wasted revenue. When you realize the cost of poor data …