Household Data Matching
As more companies deploy master data management solutions, there has been an increasing demand for MDM solutions to manage relationships between parties including individuals, individuals and households, individuals and corporate entities, informal groups and organizations.
Businesses are looking for ways to understand family and partnership relationships to correctly determine who their best customers are, how to estimate the risk-adjusted values of customer relationships, and what the organization should offer to attract new customers and retain their best existing customers. Government agencies want to gain a deeper understanding of relationships between suspects and criminal organizations to prevent terrorist threats, money laundering and other criminal activities or unwanted events.
Many organizations already devote resources to understanding relationships but are oftentimes doing so through manual means with limited efficiency, scale or consistency. Matchcite MDM technologies are capable of recognizing relationships and hierarchies in data can be leveraged by these organizations to provide significantly better ways of understanding relationships.