Data Cleansing and a Ho! Ho! Holistic Customer View
Improve data accuracy to prep for the busiest mailing season of the year
by David Myron
We're
heading into the busiest mailing season of the year. The holiday season is upon
us and with it comes Yuletide carols, gifts, and inaccurate direct mail.
According
to the United States Postal Service (USPS), 5.4 billion mail pieces in 2000 were
undeliverable due to data inaccuracies. Obviously, this diminishes the efforts
of sales and marketing campaigns and hampers customer service capabilities.
Perhaps hardest hit by faulty data this holiday season will be retailers.
According to
analytics expert Sheryl Kingstone, an analyst with Boston-based Yankee Group,
even retailers that use CRM solutions are not getting the maximum return
on their investments because of faulty data. "The 360-degree view of
customers is not there yet, because organizations are still suffering from
garbage in, garbage out," Kingstone says.
Still, data cleansing
companies like QAS Limited say it is not too late to clean data. Last week at
Comdex, in Las Vegas, QAS announced an upgrade to its QuickAddress Pro software
in version 3.0 designed to help organizations correct their customer address
data and save money in labor and mailing costs.
QAS aims to prevent
address inaccuracies and speed the data entry process by offering improved
pick-list functionality in the form of a drop-down list of address options used
throughout the address retrieval and verification process within its
QuickAddress Pro v3.0. Informational prompts have been added to bring the
correct address to users, which should reduce the errors typically made by both
customer service representatives and by the customers.
QuickAddress Pro is
based on licensed address data from the USPS, ensuring that all addresses
entered are verified against USPS data. Version 3.0 is available for Windows
95/98, Windows NT/2000, Client Server and Unix platforms.
The company competes
against data cleansing companies like Experian, Ascential Software, and Group 1
Software. Group 1, which has its roots in analytics, already has capabilities to
address what some insiders call the fat-finger rate, says Ken Chow, vice
president of business development and e-commerce at Group 1 Software. In other
words, Group 1's solution uses a real-time system that asks customers if they
are sure that the data they are entering is correct if their entries seem
invalid. The data can also be referenced instantly against the USPS codes.
But avoiding the
holiday hassle means getting an early jump on data quality and breaking down the
silos that exist within each organization. "The information obtained in
many organizations is still siloed and not clean. That's why CRM has not
delivered on some of the high expectations you might think," Kingstone
says. "If you're able to make a commitment to manage customer information
and understand customer data, that will be the catalyst for success."
|
|
by
Lisa
Picarille
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From CRM
Magazine November
2002
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