Showing posts with label Data Enrichment. Show all posts
Showing posts with label Data Enrichment. Show all posts

February 28, 2024

What is Quality Data? How It Improves AI, Search, and Content?

Quality data is important to produce quality content.

Latest AI technologies like Mistral 7B, ChatGPT, Google Bard, Microsoft Bing Chat, etc., are using quality data to deliver optimized and customized results.

Data is important not only for AI but for search engines also.

Technologies like Generative AI are solely dependent on data quality.

Data is everywhere, but how you collect it and filter it to get the best quality data tells the story of your content success. It is necessary to filter authentic data to improve search, content marketing, and AI technologies.

What is Quality Data? How It Improves AI, Search, and Content?: eAskme
What is Quality Data? How It Improves AI, Search, and Content?: eAskme

IDC has predicted that by 2025, global data will exceed 175 Zettabytes.

The need for fresh and accurate data is booming. Every generative AI tool needs more and more data to make it successful in the current time.

It is important to check the resources form where data is collected, and fact check will also help in removing outdated data.

Low Quality vs. High-Quality Data:

Poor data or low-quality data can ruin your business and marketing efforts.

If you are using outdated or poor-quality data, then you will see a lack of decision-making, disruptions, and wrong insights.

According to Gartner, businesses are spending $12.9 billion extra due to poor data.

Earlier structured data was considered as quality data.

But things have changed now.

Now, businesses need massive amounts of data, which includes text, images, videos, audio, etc., to run cloud computing and data systems effectively. It is necessary to only allow quality data for better results.

57% of marketing professionals are making mistakes just because they are using poorly collected data.

You need to ensure that your resources are authentic before collecting the data.

What is the Best Quality Data?

There are 4 important factors of quality data such as;

  • Accuracy
  • Reliability
  • Completeness
  • Connectivity

The success of marketing, product, content, sales, and digital professionals depends upon the quality of the data.

The need for reliable data is increasing. It is necessary to decrease the cost of operations and improve business performance.

With quality data, you can bridge the gap between content marketing and SEO efforts.

Factors that impact the quality of data:

  • Timeliness
  • Completeness
  • Uniqueness
  • Consistency
  • Conformity
  • Validity

Your data should be regularly updated and complete with relevant resources. Be consistent and avoid duplicity.

When your data is following these factors, then you have the best quality data with trustworthy resources. Now, you are ready to put your good-quality data into use.

Quality Data, Generative AI, and Search:

With the help of the latest technologies, you can collect data that is accurate and crucial for your content marketing success.

4 things have complicated the process of quality data, such as:

  • AI tools.
  • Complex data pipelines.
  • Machine Learning Applications.
  • Real-time data streaming.

Your data and content should comply with privacy-protection laws such as CCPA and GDPR.

Quality data is also changing the SEO industry. Search engines are now introducing AI in search to improve the data quality and match the data with search intent.

It is time for everyone to re-think data quality, Generative AI, and SEO.

Quality Data and Generative AI:

Quality data is necessary to improve the quality of Generative AI tools.

Generative AI giants like ChatGPT, Bard, and Bing AI have faced this issue during their early days.

Companies are working hard to fine-tune and improve prompt engineering. It will help in creating better Large language models.

Google Search Generative Experiences and ChatGPT are already working in this direction.

Generative AI tools for quality data analysis are also booming to help marketers check the quality.

With Generative AI tools, content marketers and SEO experts can quickly complete complex tasks with accuracy.

As the need for quality data is growing at the same speed, the value of data quality for generative AI is expanding.

Marketers can use quality data to understand user intent and create a conversational search experience.

Generative AI is also pushing marketers to adopt new technologies to access quality data.

As a marketer, you should focus on:

Data quality and connectivity:

Output in the Generative AI tool depends upon the input.

It is necessary to feed AI tools in real-time and complete data. Rather than gathering fractions of data from multiple resources, it is best to collect complete data from one reliable resource.

Generative AI and Enterprise Data:

You can use generative AI tools for your enterprise data needs. Align your marketing goals with your prompts to get the desired result.

Be proactive to Fix Issues:

Generative AI tools can produce biased content. It is necessary to check the data accuracy before using it for your content marketing strategies.

Analytics:

Test the Generative AI tool’s performance by using it on some of your marketing campaigns. Test outputs. It will help you with marketing success.

Business Impact:

Use tested and respected Generative AI tools.

Quality Data and SEO:

AI is changing SEO. But your content should be relevant for humans, not just for machines.

With AI technologies, you can automate your SEO efforts such as:

  • Data collection and structure.
  • Improve cleansing, classification, and tagging.
  • Improve intent modeling, online search, and site auditing.
  • Analyze quality insights to understand your customers better.

Even if you are not a master in content marketing yet, you can use AI tools and analytical skills to gather quality data.

If you understand the data, then you can easily understand your customers and their expectations and improve your product to match them.

High-quality data is necessary to compete with your competitors.

Conclusion:

Bloggers, marketers, and SEO experts are still ignoring the importance of quality data. It is a complex process. Yet, it is effective in saving a lot of time, effort, and money to get desired results.

Harness the AI-technologies to optimize your content marketing campaigns. It will be easy for you to adapt to your customer’s behavior and the latest technologies.

Connectivity and quality data are a must to empower yourself with AI technologies for marketing success.

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June 07, 2023

Data Enrichment: Sources, Use Cases, and More!

Gathering and storing data is the right idea for any growing business.

No one could argue with that these days. And yet, it is possible to say that storing data wastes resources.

That is the case when your data is decaying faster than you can put it to good use.

Companies employ data enrichment to avoid one of their greatest assets turning into waste.

Data Enrichment, Sources, Use Cases, and More!: eAskme
Data Enrichment, Sources, Use Cases, and More!: eAskme

This procedure can boost all data-driven positions you would encounter in business.

Thus, if you are looking for ways to enhance data stored in your firm’s databases, here is what you need to know.

Explaining Data Enrichment:

When dealing with data daily, one gets to see a lot of words referring to procedures attached to it.

So, what sort of procedure is enrichment when it comes to data?

Simply put, data enrichment is supplementing your data sets with additional data points from other internal or external sources.

Thus, this process enhances your information's quality and quantity.

Of course, not every time you add more data; you can enrich your data set.

You cannot enrich your customer database if you add book prices in 1920s Georgia to your customer database.

The data has to be relevant and appropriate for particular purposes to add value to particular data sets.

Thus, to enrich customer data, you need to look for data sets about the firms and people that form your client base.

Where does the data come from?

Getting more data is excellent, and there is hardly any disagreement here.

But where does it come from? To answer this, we should first distinguish between internal and external data.

Internal data is the information a firm has in its data sets or can quickly gather from the usual sources. The idea of enriching data sets with internal data might sound strange.

After all, if a company already has access to this data, how is it enriching?

The main reason why even an organization’s internal data can enrich a particular data set is the data silo.

Data or organizational silo refers to a situation where helpful information is divided among different databases within the same organization and cannot be easily accessed by everyone who could use it.

In this sense, using internal data for data enrichment is a way to break data silos.

It takes increasing cooperation between various departments within a firm to audit what information is, in fact, available.

External data refers to all the sources that come from outside the organization.

This means third-party data providers or partners sharing the necessary data points for enrichment.

Data suppliers are often professional firms specializing in data gathering, structuring, and making available for other businesses.

The most beneficial data enhancements are often done by using such services.

Who does that?

One might wonder what organizations can get the most out of data enrichment. The truth is that everyone uses it.

This includes governmental organizations and, especially, scientific agencies and researchers.

Enriching data is also crucial for AI development, as algorithms must constantly be fed fresh data points.

The breakthroughs achieved here are also quick to be implemented in business.

For example, improved intent detection of users filling out slots in query forms might increase user experience and the rates of finished online surveys.

Even leaving AI technology.

However, there are enough ways to leverage data enrichment for business benefits that we should look into.

Businesses of all sizes and industries make use of it. And, as we shall see, they do it for diverse purposes.

Business use cases:

As doing business today is all about data, every necessary procedure can benefit from enriching databases.

Here are some of the most important examples.

1) Lead enrichment:

One of the most procedures for any business is lead generation.

Enriching leads data helps to qualify the leads faster, increasing the efficiency of the entire sales funnel.

The data that comes with enrichment can also generate new leads that would have gone under the radar otherwise.

2) Better customer retention:

Customers today want personalization and deep relationships.

Enriching your CRM data enables you to provide better service.

Naturally, that increases the probability of them staying with you.

3) Improved HR management:

Data enrichment boosts hiring procedures and workplace practices that build a favorable employer brand.

4) Attracting funds:

Looking for seed funding or additional investments for the growth of your startup?

You need to know the right people, then.

Data about angel investors can also be brought in through enrichment.

Understanding your target investor better will allow you to present them with a more convincing business case.

5) Product intelligence:

Enriching your intelligence on similar products with data points from a third-party source enables you to make the necessary improvements.

Additionally, it provides you with a better idea of what competing products you are up against and what your target audience wants in such products.

Conclusion:

These use cases are crucial to building and growing a successful business.

However, a far cry from being all that data enrichment can do.

Thus, it is never too early to start looking into the options for enriching your databases.

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