Less Than Half of Financial Services Companies Manage Data Properly, Finds DataFlux Study

DataFlux, a leading provider of data quality and data integration solutions, today announced the findings of the North American Financial Services Sector Study, designed and conducted by Lodestar Research, a Princeton, NJ-based research and strategy consultancy.

The findings indicate that companies in the financial services sector are growing more aware of the role data quality and data governance play in regulatory compliance, business decision-making and customer relations. However, the survey also showed that 46% of organizations do not manage data at the enterprise or cross-functional level, providing the potential for inconsistent, inaccurate and unreliable data to inhibit corporate growth and risk mitigation efforts.

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