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Data Preparation Tools Market - Increase in Real- Time Data - Opportunity Analysis and Industry Forecast, 2017-2025

03-05-2018 06:57 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Data preparation converts data sets in such a way that information contained in them is represented in the best possible way. Data preparation tools enable data conversion, discovery, analysis, exploration, transformation, cleaning, modeling, curation, structuring, and cataloguing within a single offering. The various practices in the data preparation tools market are data cleansing and manipulation, self-service data preparation, advanced analytic techniques, increasing data sources, and sharing metadata.

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Data preparation is vital for successful data handling since poor quality data often results in unreliable data mining and incorrect results. Data preparation tools improve the quality and integrity of data with techniques such as parsing for advanced cleansing and fuzzy matching. Additionally, they create a repeatable workflow design that speeds up the data delivery process, ultimately resulting in improved productivity.

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Expansion in the global data preparation tools market is fuelling demand for high investments in channel partnerships, service conveyance, system integration, and analytics technology.A key factor driving the data preparation tools market is the increase in real- time data. It enables users to make faster and wiser decisions.

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Moreover, the need to follow regulatory and compliance requirements in several industries such as health care, BFSI, transportation, energy & utility, telecommunications & IT, manufacturing, and others is estimated to play a vital role in boosting the data preparation tools market. Modernization of business operations and the use of data preparation tools in business analytics is also expected to positively impact the expansion of the data preparation tools market.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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