Data Integration Challenges And How To Overcome Them - PowerPoint PPT Presentation

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Data Integration Challenges And How To Overcome Them

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Dependency on data integration is on the rise among companies, but can they detect and circumvent the challenges that come with it? – PowerPoint PPT presentation

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Title: Data Integration Challenges And How To Overcome Them


1
Data Integration Challenges and How to Overcome
Them
The efficient functioning of the sales team
purely depends on the real-time deployment of
quality data. Have you ever been to a car
dealership? You must have come across cases,
where a specific car model is unavailable, so
the sales representative checks up in real- time
to see whether its available at their other
dealership. The sales representative can do this
due to the smooth process of data integration
which happens companywide. Data Integration
Explained The evolution of tech has enabled
companies to gather an immense amount of data
consistently from multiple sources. If you have a
global business, the data involved would be
similar to a confetti bomb. Sorting out relevant
data for use would be slow and require a great
deal of manual work. Here is where data
integration comes into play. The data
integration process is employed efficiently, to
assemble and catalog data from multiple sources.
Fortune Business
2
  • Insights projects the global data integration and
    integrity software market to grow to 30.21
    billion.
  • The Impact of Data Integration on Sales
  • As per a combined study by Forbes and McKinsey,
    organizations relying on data are 23 times more
    likely to acquire customers, and 6 times more
    likely to retain customers. Data integration
    merges all available data and makes it easier
    for the sales team to access data in real time
    and across all verticals. You can use data
    integration to manage consumer data, their
    current stage in the sales funnel, purchase
    intent, previous purchases, and more. Through
    this unified data, you can easily chart out a
    sales strategy to target existing consumers and
    even convert leads into customers.
  • The Challenges
  • A bulk of companies have become data-driven, so
    integrating multiple data points is a must.
    While data integration is a potent process, it
    also comes with a lot of challenges.
  • Diverse Data Formats
  • As data integration gathers data from multiple
    sources, the data formats are liable to be
    different. Suppose you have a sales team in the
    US and another in India the sales team in the US
    will enter the date in mm/dd/yyyy format, while
    the sales team in India will enter the date in
    dd/mm/yyyy format. The different data formats
    will make the data comparison between both teams
    difficult.

3
  • Outdated and Low-Quality Data
  • Without set data entry and maintenance standards,
    data integration combines all forms of data into
    a single accessible format. As a result, the
    data sets would include outdated and decrepit
    data. Data duplication is also a likelihood with
    multiple teams inputting the same data. The odds
    of this happening increase when companies dont
    organize their databases regularly.
  • Using The Wrong Integration Software
  • Multiple data integration software exist in the
    market that cater to a specific set of data
    requirements. Using the wrong data integration
    software can lead to a potential data mix-up with
    a chance of data corruption. It might also lead
    to inefficient and inaccurate data collection.
  • Excess Data
  • If you have not set parameters for collecting
    data, there are chances that you might be
    collecting all inflowing data. It could lead to
    data bloating, and crucial data could get buried
    under scores of worthless data. The problem gets
    compounded when you gather data from a diverse
    range of sources, which could make it a colossal
    challenge to analyze for valuable data.
  • The Solution
  • Automate Data Pruning

4
  • Way before AI came into play, many processes were
    still automated. After AI, the automation
    processes became a lot more efficient and
    error-free. You can utilize AI to automate data
    pruning during the data integration process. AI
    can easily detect duplicate and insignificant
    data, and prune it during the integration
    process. The automation process will lead to
    data integration that is accurate, efficient,
    and easier to analyze.
  • Utilize and Scale Data Management
  • Setting data management guidelines can help you
    better manage diverse data formats gathered from
    varied data collection sources. Data management
    can efficiently scour through all integrated
    data. As a result, you can efficiently make
    accurate, data-driven decisions. Scalability is
    also a significant aspect of data management.
    Data management is a continuous process, and as
    your company grows, data management also needs
    to be scalable enough to manage an influx in
    data integration.
  • Choose the Correct Integration Software.
  • A smooth and efficient data integration process
    requires the correct integration software. Data
    integration software falls under five different
    types
  • Manual Data Integration
  • Data Integration with Middleware

5
  • Uniform Access Data Integration
  • Application-Based Data Integration
  • Common Storage Data Integration
  • You must answer three key questions to choose the
    correct data integration software
  • Q1. Which data are you looking to integrate?
  • Q2. Do you require manual data pushes or
    automated synchronized data pushes?
  • Q3. Do you want data integration synced to your
    entire software stack?
  • You can also choose a mixture of two or more data
    integration software types based on your
    requirements. The right integration software
    will provide you with consistent data management
    for the data flow. It will also sync data
    throughout your software stack and restrict
    unwarranted access to confidential data.
  • The Endless Nature of Data Integration
  • Data is an integral part of the efficient
    functioning of any business. Your Sales team
    will depend on consumer data to analyze consumer
    behavior and prepare sales strategies
    accordingly. For data- dependent companies like
    yours, the data integration process can never
    cease. As technology advances, so too will the
    data integration

6
process. The advanced data integration process
will bring about new challenges. To mitigate
these challenges, companies will require robust
and flexible data integration software with the
potential to scale. About Ciente ? With
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