The quality of data is key to an organisation's strategic decision making, agility, productivity, and survival. For regulated organisations data quality is becoming more important because the consequences and risks of making incorrect decisions are now far greater.

Transformational change is the biggest challenge insurers are facing today. Change can be as simple as first addressing the data quality across your existing systems. Create that single source of truth and build from there.

QMV and Investigate DQ’s co founder believes reliable, accurate and timely information is critical to the industry’s future. So is minimising data errors which are costing the industry and its customers millions each year.

Tom Seel is the technology product manager at Investigate DQ and has been involved since its inception. He has worked in numerous complex data migration and data remediation projects and is passionate about all things data. 

In this Q and A, Tom discusses data quality software tool Investigate DQ and how its origins came from data remediation work. 

Overall, using Investigate DQ proved to be critical in the successful generation and distribution of member benefit statements on a quarterly basis. Not only were various teams and departments able to collaborate efficiently, a significant reduction in errors was also observed with each statement cycle, providing confidence in the process and better outcomes for members.

Organisations who have immediate access to rich and accurate data will advance faster and to a greater extent than their rivals. Investigate DQ's true value is realised in supporting data-driven strategic growth and business transformation.

There is a sea of customer data flowing into organisations every day, that leaves them susceptible to data quality issues. The underlying risk - reputational and financial damage. Investing in your data early is your gateway to a competitive edge.