According to KPMG, 1 in 3 business leaders don’t trust the information they use to make decisions. How can you act upon information if you don’t trust it?
Establishing trust in big data presents a huge challenge as the variety and number of sources grow. And this concern is compounded by velocity and geography (e.g., where there is a general lack of data).
At Sigma Ratings, we are building a system from the ground up that allows complex data layering (private and public) and the ability to connect information in powerful (and often new) ways. This is an important objective in general data applications, but is exceedingly critical in the world of risk and compliance where understanding relational aspects (e.g., where and with whom a company does business) is as important as the entity itself.
By mapping critical relationships, we help ensure that the quality of the data we provide consumers is not only higher, but ultimately more complete. And by keeping the data dynamic and collecting it at source, we help create deeper trust around its integrity.
But we don’t stop there.
Analytics, scoring and business integrity ratings are what help bring the data to life. While some consumers are simply looking for alternative data, others are looking for innovative quantification around risk data that allows benchmarking.