When it comes to data management, ensuring data quality is paramount. To do so, it’s equally as important for businesses to know how to assess the quality of their data, which can be measured through six important factors. These factors are known as the dimensions of data quality: format, consistency, accuracy, comprehensiveness, timeframe, and integrity. Keep reading to learn more about each of these dimensions and how they can help you assess your data quality.
If you want to make sure that your data is accurate and consistent, then you need to take a more systematic and methodological approach to data entry. This means ensuring that data entry formats are consistent across all fields and that all data is entered consistently. One way to ensure data format consistency is to use a data conversion tool. A data conversion tool can be used to convert the data from one format to another format. This can be useful when the data is in a format that the database does not support.
Consistency of the Data
One way to ensure data consistency is to use a transaction log. This is a record of all the changes that are made to the database and can be used to undo any changes that are made if there is a problem with the data. Another way to ensure consistency is to use a consistent hashing algorithm. This is a mathematical algorithm that is used to map keys to values and is useful for ensuring that the same key always maps to the same value. Finally, you can use a redundant database system, which contains multiple copies of the data, ensuring constant data availability.
Accuracy of the Data
Data accuracy is the degree to which data represents what it is supposed to represent. Data is accurate if it is correct and precise. Precise data reflects the exact value that was measured or observed, while correct data reflects the actual state of affairs. For example, a bank statement may be accurate if it lists all of the deposits and withdrawals that were made during a specific period. However, it would not be accurate if it listed incorrect information or omitted important transactions.
The Comprehensiveness of the Data
Comprehensiveness, or data completeness, is the degree to which data includes all relevant information. Data is complete if it has all the information necessary to answer a particular question or satisfy a need. For example, an inventory database would need to include information about each product such as its name, description, price, quantity on hand, and so on to be complete. A customer database would need to include contact information such as name, address, phone number, and email address to be complete.
Timeframe of the Data
The fifth dimension of data quality is the data timeframe, or timeliness, and concerns the relevance of your data. A data’s timeframe is the degree to which data is current or up-to-date. Data is timely if it reflects current conditions or events. For example, financial data should be updated in real-time so that users can make informed decisions about their investments. Website visitor statistics should be updated regularly so that webmasters can see how well their sites are performing and make changes as needed.
The final dimension of data quality is data integrity—the degree to which data is accurate and unaltered. Data has integrity when it has not been modified or tampered with in any way. Without integrity, data is considered inaccurate and unreliable.
Integrity is essential for maintaining the accuracy of data. When data is accurate, it can be relied on to make sound decisions, whereas inaccurate data can lead to faulty decision-making that can harm businesses and individuals. Integrity is also important for safeguarding against data alterations, which can be misleading and also lead to poor decision-making. Altered data can also be used for nefarious third-party purposes, such as fraud or identity theft.
ID Document Verification as a Response to the Digital Challenges
Our civilization and the planet we live in are developing at an ever-increasing rate. People should alter their habits and behaviours to adapt and stay practical when quick changes emerge around them. One must move quickly just to maintain one’s position; those who resist the new are destined to lag behind and become overwhelmed by novelty. Identity theft is covering the world with darkness. Document verification is the solution.
The 21st century offers many advantages, no doubt. The world is more practical than ever thanks to enormous technology breakthroughs. It seems unlikely that anyone could have foreseen our lives being as digitised as they are now.
In the past, only basic services could be ordered online or over the phone, such as food delivery, meeting scheduling, restaurant reservations, etc. Certain services could not be delivered in a digital environment for security reasons without a trustworthy means of document verification. Even that has changed now. Citizens can open bank accounts, ask for loans, or get insurance remotely, among other things.
But many of the problems with document verification continue. When certain difficulties are overcome, new issues arise that must be addressed separately. Now let’s talk about the current situation and what can be done to address the challenges of our digital environment with regard to document verification.
There is a Demand for Digital
The world has changed from what it once was. The speed of life today is significantly faster than it used to be. The most valuable asset in an era of abundance and a fast-paced, competitive atmosphere is time, which cannot be sold or traded. Despite the fact that we are more pragmatic than ever, time saved is time invested in something else. Certain businesses put tremendous pressure on others to follow by completing tasks and providing services more swiftly.
Long lines had been replaced with scheduled appointments, but as remote services entered the market, both clients who valued their time and businesses looking to save expenses associated with customer support found the new status quo inadequate.
As a result, the majority of businesses are now able to offer their clients the option of receiving services in the convenience of their own homes.
As is always the case, the supply followed the demand. Although many organisations pushed employees to use technology, many felt more at ease conducting business in person. The global dissemination of COVID-19 had altered the scenario. Time became a secondary concern after safety. Schools, colleges, banks, government agencies, and in some circumstances even hospitals have started to function remotely. Once again, the world has changed, and it is doubtful at best whether things will ever be the same again.
Businesses that don’t shift to accommodate this transition are generally doomed to failure; nevertheless, those that do prosper include the banking sector, particularly fintech. Businesses that don’t shift to accommodate this transition are generally doomed to failure; nevertheless, those that do prosper include the banking sector, particularly fintech.
Even without remote services, identity theft existed. The approach was riskier for the fraudsters, though, and it frequently dissuaded a sizable proportion of them.
However, the modern world’s digitization creates the conditions for fraud to be as pervasive as it is. Criminals profit from gaps in the procedures, particularly those involving document authentication. The black market has made it simple to obtain stolen personal information, such as someone’s name, address, social security number, and bank account number. On the dark web, Social Security Numbers (SSNs) may be purchased for as low as $1!
According to Proofpoint, 33 percent of U.S. people have had their identities stolen at least once. Identity theft is most common in the U.S.
The creation of new, synthetic identities using actual and fraudulent personal data is another trend in the criminal world. Then, fraudsters utilise these false identities to establish a solid and credible credit history. They finally maximum all of the credits after months or even years, at which point they permanently vanish, leaving the banking industries running after phantoms.
Everyone is harmed
The losses from fraud are enormous. Business Fraud Prevention (BFP) estimates that private organisations, including small businesses, suffer a median loss of $164,000 annually in the U.S. as a result of fraudulent operations, with the absence of internal controls playing a major role in this loss. In other words, if businesses take the required actions, the losses can be avoided.
Those that suffer are not only businesses. Due to compromised credit history, those whose identities or personal information have been stolen may later have trouble getting credit. Children are typically the victims of identity theft since, per a new study, they are 51 times more prone than adults to do so. They may not discover the stolen personal information till they are adults.
It does not speak highly of the businesses either; after all, why would want to do business with a firm that is careless in failing to shield potential customers from identity fraud?
Verifying documents is essential for success.
Despite how dire things appear, there is a fix for these issues. If an effective and trustworthy identity verification mechanism is implemented, the majority of identity and other frauds can be avoided. In an ideal world, every business would work to put these protections in place, both for their own security and to lessen global corruption. The goal should be to stay ahead of the curve; following the law and the rules are not enough.
Expand Your Multi-Service Business in Different Country With Gojek Clone App
Expanding business with the Gojek Clone app just became easy! Entrepreneurs only need to purchase the app, get it white-labeled, and launch it on different platforms like Android and iOS app stores. That is how effortlessly you can establish a multi-billion dollar company and expand in various countries.
To help you understand how you can expand with this on-demand multi-service app, we have compiled a small guide for you! Take a walk through this guide.
Expanding to Other Countries with the Gojek Clone App
What do you need to expand in other countries? You need to build an app that elevates the user experience. To ensure that customers will love the app, take the demo app trial. Until and unless you enjoy the experience, it will be difficult to affirm that the customers will love the app!
Remember, don’t invest in Gojek Clone app trials! They should be FREE!
1. Integrate preferred languages and currencies
Every country has a different language and currency. The first step to expanding the business is integrating the languages and banknotes of the countries you have set the expansion plan. For example, you are a USA-based company. Now, you are planning to expand to 5 different countries:
Therefore, you have to integrate the languages and currencies of these countries into the multi-service app. Customers in these countries can now easily browse through your app and book the services accordingly, hassle-free!
2. Integrate the local payment gateway
Another way to easily transit into other countries’ ecosystems; you need to ensure that the platform integrates local payment gateways. Let’s take the example of the above-stated countries.
- Thailand: Omise Payment Gateway
- Singapore: Omise Payment Gateway
- Turkey: Iyzico Payment Gateway
- Brazil: Zoop Payment Gateway
- Dubai: Payfort Payment Gateway
3. Measure the app desirability in other countries
What would be the point of expansion when customers don’t wish to use your app? Assure that your Gojek Clone app has something distinctive and unique to offer. To create something that will trigger the customers and attract them,
- Brainstorm unique ideas
- Examine and study what customers want
- Look at the competitors
4. Make your app bug-free
Performance issues can disturb your business! Therefore, you must avoid any kind of bugs and problems in the app. If your app keeps crashing, users may decide to uninstall your app. Moreover, if that keeps happening it will completely shatter your brand image. All that will lead to creating a negative impact and probably thousands of poor reviews and ratings on the app!
Here are a few points that you should do to avoid any trouble:
- Minimize the notifications.
- Ensure that the app doesn’t use excessive CPU.
- Work on security and privacy concerns.
5. Focus on a few markets first
Expanding the business internationally is exciting. It can bring you abundant profits and success. However, the wisest thing to do is focus on a few foreign markets before covering the entire globe.
Study the market for your Gojek Clone app before moving further with expansions. Choose the countries where your business could gain considerable success!
Another sure-shot way to ensure that your expansion will be smooth sailing is – MARKETING! Remember, a well-optimized app can never attract the customer on its own until you market it. Use social media marketing, SEO, and other online advertising ways to create a marketing plan that is suitable for your business.
How to Ensure That the On-demand App Solution Is Genuine?
The question is very important. As an entrepreneur, you should always look for authentic sources for your business requirements. Here, let’s talk about selecting the right on-demand app solution before expanding your business.
- The app that you’re purchasing must have a lifetime licensed source code.
- The solution has to be sourced from a white-labeling firm that has already launched 1200+ apps.
- The firm must showcase the video testimonials of its clients on the website and other social media channels.
- Ask about the technology stack used by the white-labeling firm. Ensure that every technology is the latest in the market!
Boosting sales and revenue, at the same time, requires you to expand the business and invest, initially! Therefore, for an easy transition to other economies, invest in the Gojek Clone app. This on-demand multi-service app is an excellent solution for entrepreneurs who want to succeed and earn more money.
Optimize Your Customer Service With QR Code Solution
Quick Response (QR) Codes can be seen everywhere now! The marketers or businesses are connecting with their customers with this matrix bar-code. The statistics reveal that the number of users of scanning QR code solutions will grow to 99.5 million from 83.4 million by 2025. These figures clear out that its limit is not to ads or payments. However, almost every sector can leverage this contact-less technology to enhance customer service. This article aims to give you a brief on how embedding QR codes is a beneficial deal for your business. Without any further ado, let’s find out!
Why is using a QR code solution essential?
A QR code is a square-shaped small bar code that you can notice in banks, restaurants, malls or shop windows. Their usage is in advertisements, packaging, menu, check-ins, processing payments, etc. The QR code generator gives access to quickly scan the online content.
Many stores or banks use QR codes to handle long queues. Because of technological advancement, a virtual queue management system has come into existence. Many reliable queuing solutions allow their customers to check in from the QR codes to the premises by filling in the mandatory information. However, doing so does not consume more time than the customers spend waiting for their turn. But, using it, the process accelerates, business tasks are completed in less time and the service quality improves. Additionally, it boosts staff productivity, and therefore, the business value.
Tips on how QR codes can enhance customer experience
Encourage customer re-visits
The multimedia response triggers when the QR activates. A funnel is created for customers’ convenience with content. Hence, this process encourages a shopping experience, providing customers with unique incentives to do similar things with you again in the future.
However, if the marketers can make customers revisit again to purchase, then, there are chances that they will proceed to purchase from them. Positively, you are not required to make an additional investment when it comes to marketing. Easily, with the right usage of QR codes, the customers can be converted.
Offline and Online World Channeling
Even if the technology has shown its impact on every business, but, printing has not gone out. If you will ask us, it shouldn’t be. The reason is only that it converts the events and stores aesthetic and lively. While the printing ads are more purposeful and interactive with digitized solutions. Some industries or retail stores have implemented a QR code queue system for customers’ convenience. Visiting the offline store seamlessly scans QR codes from invoices, posters, banners, hoardings, and entry tickets and can enjoy offers, and loyalty programs, check the complete online collection, or sign up for a warranty.
Easy and Quick Customer Details
As we all know that there is an extensive percentage of mobile phone users, and getting their details is easy with a QR code generator. It enables businesses to get a hold of the information in the smartest possible way. Despite the medium of marketing, the mobile phone users after scanning the QR codes on digital marketing collateral or print. In the same vein, communication can be carried out effectively for productive marketing campaigns.
Reinforcing customer’s and retailers’ relationship
In addition to the important communication, the QR code solution holds the details that enhance awareness and trust, and simplify the purchasing process. Considering an example of the coffee and food industries. They use the video QR solutions to share the cooking methods. Additionally, the customers use these bar codes to notify the authenticity and origin of the used elements. Also, the fashion industry uses it to spread the word about work practices and labor tasks to establish enduring relationships with customers. Many say that these types of relationships lead to improvement in customer loyalty and a higher retention rate.
We already have mentioned that mobile phones have become an important part of everyone’s life. It enhances customers’ purchasing experience and helps to discover, search and buy retail items. These days, several mobile phones have integrated QR code scanners. Consequently, it eliminates the need for a third-party application for scanning QR codes. As many searches start with smartphones, QR codes offer two-way communication. Using it, the marketers can find out details of buying behavior and they can re-market the customer outside the store experience.
Moreover, the solution enables retailers to check the growth in advertising costs. That implies QR codes provide technology-oriented marketers with a medium for re-targeting on Facebook and Google. Assuredly, the retargeted customers can communicate on social media regarding online ads more than those users who never came to your store.
Reduces marketing Cost
The conventional methods that marketers present to promote products or for special offers are email and SMS. Undoubtedly, these cost more than simply scanning QR codes on receipts, posters or products. Additionally, it encourages interaction and tracks down online and usage behavior. Collectively, all these efforts result in a higher conversion rate. The retailers can make personalized posters from the beautifully designed templates and include QR codes for more customer interaction.
In the period of extreme communication, the competitive benefit is the first to know, acknowledge, or benefit from an offer, product, message, etc. Collections for limited-time discounts, unique editions, or just for members are more attractive and successful due to fewer users and special availability. In these scenarios, the best solution is to get the desired thing in real-time.
In addition, the provider of QR code solutions even supports retailers to create interest and excitement for a successful campaign for a collection, product, brand, etc. The profitable thing is to trace the QR code scans for knowing the efficiency of every scan.
There is no one business that has not opted for a QR code solution to reap its benefits. The article justified the statement that it is here to stay for long. From improving customer experience to quick completion of the process, eliminating waiting queues, and higher productivity, it gives you much!
Have you not implemented it yet in your business? Do it now! Benefits are assured!
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