The Business Need
A leading business data provider to the financial services sector had a primary goal of providing
precise investment management insights. The company's database contained approximately
27,000 public companies, each with a comprehensive set of 240+ attributes covering contact
information, personnel data, stock information, financial data, etc. The data had to be
meticulously curated to ensure 100% accuracy while also being refreshed periodically to avoid
Xtract.io provided an accurate and feasible option to fetch the required information in real-time
automatically with FreDa, our advanced yet affordable data quality platform.
We had to deal with many attributes, each with its own set of validation rules. Also, we had to
customize web monitoring procedures to monitor various data sources and track changes in a
We refreshed the customer data regularly and achieved data accuracy of greater than 98%.
FreDa's feedback mechanism allowed the system to learn over time and achieve greater than
90% accuracy on critical attributes. Our cutting-edge technologies and technical experts
reduced the processing time by 30% and processing cost by 25%.