Data is the lifeblood of both the insurance and the finance industry. From telematics data in the auto insurance industry to credit checks in the finance industry. It is used to inform virtually every decision these companies make about whether they are willing to pay out or offer a finance package. Accurate and up-to-the-minute data analysis helps these companies assess their portfolios of risk and ensures they are able to keep up, or get ahead, of their competitors.
Without data, the market would look unrecognisable. Sadly though, the majority of data out there is littered with inaccuracies and is generally very poor quality. Here at ids, we’ve seen this problem time and again with companies in both industries. Too often, data, which is increasingly being brought in from numerous different sources, is lacking in quality or hasn’t been tested enough.
If you work in these industries and want to improve the integrity of your data by working with a company that can offer you bespoke solutions then get in touch with our team today.