Why Data Quality Is Important for Market Intelligence

Why Data Quality Is Important for Market Intelligence

Measurement & Analytics — Wed., Jan. 5, 2022

Market intelligence is all about valuable data that is readily available to businesses. High-quality data is a prerequisite for effective market intelligence, as it allows better audience targeting, building effective campaigns, sending personalized messages, building better relationships with customers, gaining a competitive advantage, and creating trustworthy insights.

Having access to high-quality data is like finding a gold mine. It helps target accurately, make informed business decisions, create effective campaigns, build better relations with customers, stay ahead of the competition, and eventually make big profits.

Data should be accurate, complete, relevant, valid, consistent, and real-time. Data management is a necessity, as data should have no duplicates or missing fields. AI and ML require accurate data to function properly and draw meaningful insights.

... continue reading below
Sign up for free to read the full article.
Enter your email address to continue reading

Why Data Quality Is Important for Market Intelligence

Don't worry ... it's FREE!

Already a member? Sign in now.

Related Articles

Why the New Cookieless Marketing Landscape Makes Closed-Loop Measurement So Important

Why the New Cookieless Marketing Landscape Makes Closed-Loop Measurement So Important

As third-party cookies crumble, how do marketers measure success? Explore how closed-loop measurement adapts to a cookieless future. Understand its impact on marketing measurement and discover its benefits. Read more.

The Advantages of Being a B2B 'Data Hero' Organization

The Advantages of Being a B2B 'Data Hero' Organization

Marketers who work for B2B organizations with complete and high-quality data are more likely to be satisfied with their lead scoring and to believe they will meet their marketing goals, according to recent research from Anteriad.

Five LinkedIn Ads Metrics You Should Be Tracking, But Probably Aren't (Yet)

Five LinkedIn Ads Metrics You Should Be Tracking, But Probably Aren't (Yet)

Uncover five LinkedIn Ads metrics crucial for B2B lead gen success. Enhance your LinkedIn strategy and drive better campaign results and ROI. Learn more.

Seven 'Smarketing' Metrics You Should Be Tracking to Align Marketing and Sales

Seven 'Smarketing' Metrics You Should Be Tracking to Align Marketing and Sales

Unlock the potential of your sales and marketing teams with key smarketing metrics. Discover how alignment can propel your business forward. Learn more now.

The Value of Every Single Customer: How to Calculate Customer Lifetime Value

The Value of Every Single Customer: How to Calculate Customer Lifetime Value

Key business metrics are there to tell you how well you're meeting customers' expectations and gaining conversions. One of the most important metrics to measure is customer lifetime value (CLV). See why it matters and how to calculate it.

Three Data-Led Content Marketing Predictions for 2024

Three Data-Led Content Marketing Predictions for 2024

In the current environment, the pressure is on all marketers to produce results. Here are three predictions for how the coming year's standout content marketing performers will use data to their advantage.

Subscribe to the MarketingProfs Today newsletter