What is Due Diligence?
Due Diligence, often shortened to Due Diligence (DD) in accordance with the English legal and business language, refers to a risk assessment carried out with "due diligence", which is generally performed by the buyer when purchasing company investments or real estate as well as when going public. Due Diligence reviews analyze the strengths and weaknesses of the property as well as the corresponding risks and therefore play an important role in determining the value of the property.
Within the scope of Due Diligence checks at Kind, for example, it is examined how many data records are available, how high the proportion of duplicate or multiple data records is, and how complete and up-to-date the data is. Also, if necessary, the overlap with the consolidated KIND dataset can be checked to quantify the proportion of new records.
Overall, it can be said that the manual effort for data cleansing and maintenance is minimized, while the operational processes are optimized and accelerated. There is now a unified view of the data. The knowledge resulting from this database is the prerequisite for effective business processes and revenue growth. In addition, an improved customer journey is now possible, with personalized offers for a positive customer experience.