Data and Business Intelligence Glossary Terms
Entity Resolution
Entity Resolution is a crucial process in business intelligence and data analytics that involves identifying and linking records that refer to the same real-world entity across different databases or within a single database. Think of it as a tech-savvy detective that looks at various pieces of information, like names, addresses, or phone numbers, and figures out which pieces belong to the same puzzle, thereby determining that they’re all connected to the same person or company.
In the vast ocean of data that businesses swim in today, it’s common to have slightly different entries for the same customer in different places. Maybe one record says “Jon Smith” with an old address and another says “Jonathan Smith” with a new address. Entity Resolution helps businesses to recognize that both records are about the same Jonathan Smith. Getting this right means a cleaner database, where each customer has a single, unified profile. This is super important since it can affect everything from customer service to targeted marketing campaigns.
With accurate Entity Resolution, companies can avoid sending mixed messages to their customers, improve customer relationships, and make smarter, data-driven decisions. It’s also key for compliance with regulations that demand accurate customer data. By giving a unified view of customers, products, or companies, Entity Resolution helps businesses to not only stay organized but also to leverage their data for competitive advantage.
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