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D&B's global database increases by 10 million records
D&B's global commercial database has expanded by 10 million records since last year to over 117 million business records. While some agencies may assume our database is only associated with large, public companies; a large part of our database actually relates to small businesses and privately-owned companies. The D&B Worldwide Network—an unrivaled alliance between D&B and leading business information providers around the world—helps us build the breadth and depth of our database from over 190 countries, so you can make confident decisions on entities of interest worldwide.
Each year, D&B invests over $260 million on our global data collection efforts, which are prioritized by customer requirements. For example, some of our filebuilding efforts are focused in four regions around the world—Brazil, Russia, India and China. Specifically, in China, filebuilding efforts will focus on increasing our record count from 1.45M to 2.1M and improving financial statement and trade coverage. Additionally, our new double-byte matching technology is significantly increasing the likelihood—and quality of a match in China.
Contact us to learn more about our filebuilding efforts worldwide.
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Agencies uncover hidden insights with a D&B data analysis
Federal agencies are taking advantage of a data analysis offered by the D&B Government Solutions team to reveal hidden—and often times, surprising—insights from their database. Agency reaction has been overwhelming positive to these custom analyses. The question to ask is how well do you know what's in your database? Just imagine how actionable an analysis of your own agency information could be if...
- Contracting specialists discover a critical supplier is predicted to fail within the year?
- Regulatory auditors discover a business is foreign owned and considered high risk?
- Analysts discover a business is associated with criminal activity or displaying patterns of fraud?
Take a look at insights from an analysis based on our active business population in the U.S. Not only does this highlight what you might expect in your agency data analysis, but it also begins to demonstrate the depth of our information. Your data analysis may include these and/or similar insights:
- 2,559,647 U.S. businesses linked to corporate families (8,895,794 worldwide)
- 133,872 U.S. businesses foreign owned (670,477 worldwide)
- 2,340 debarred from doing business with the U.S. Government
- 27,736,153 U.S. businesses have fewer than 25 employees
- 59,280 U.S. businesses are predicted to fail in the next 12 months
Request a data analysis for your agency now.
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Data integration: A complex process made simple
Every government agency wants to have the most accurate and complete data so they can make better decisions to achieve agency missions. An integrated view of the businesses in an agency database enables you to tackle mission critical issues including: How do I prioritize resources for inspections or investigations based on ownership or high risk? What is the total exposure associated with potential loan or grant recipients? How can I aggregate total spend to improve negotiating leverage with a contractor? How can I effectively conduct outreach campaigns to businesses impacted by new regulation?
The challenge is that cleansing, standardizing and maintaining agency information is difficult because businesses are complex and the data changes very frequently. For example, on average:
- Businesses have multiple addresses and names—1 to 4 names, many of which are not even visually similar
- Businesses move—at least 20% in a year for U.S.-based businesses; more frequently in emerging markets
- Businesses use multiple names and addresses to identify customers within different databases and customers may be represented by multiple identifiers
- Businesses are often linked through complex legal family trees and/or a franchise or minority ownership relationship
- Businesses merge, get acquired and/or acquire other businesses
The solution is data integration—a solution agencies are using to help aggregate data from a variety of disparate databases and systems to create a more comprehensive view of entities. A successful implementation requires the right software and technology and effective data governance. But the true power of data integration and driving the right decisions lies with the quality of the data that fuels the data integration.
The key to a single view of a business is based on reliable information—in an actual or virtual repository—where accurate information can be consolidated from around the agency, cleansed, enriched, and then maintained so that it remains current. To achieve this, you need third party validation.
As an external source, D&B is helping agencies solve their data challenges by supplementing and enhancing their internal business data and providing data quality assurance. We can match all of your internal files against our global universe of 117 million records to:
- Reconcile multiple names and addresses
- Apply a unique identifier (D-U-N-S® Number) to link all of the variants on names and addresses within your multiple databases
- Provide corporate linkage information so you can understand the relationships between entities
- Add predictive indicator information to assess the risk associated with an entity
- Track business change, name and address changes, other firmographic information and acquisitions and mergers over time
Contact us for more information on these best practices and how to get better results from your data implementation.
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New learning center helps you get the most from your D&B subscription
Ever wonder which D&B report you should use for your decision making? What exactly is the difference between the Business Information Report and the Federal Information Report? When should you use the Patriot Act Report? Or how to search our database via dnb.com? This is exactly why we developed eighteen self-guided tutorials so you can quickly get the insights you need to make confident decisions.
These tutorials are posted on our new Learning Center on www.dnb.com/gov and allow you to learn at your own pace and time. Our learning center also offers bi-monthly webinars to provide step-by-step instructions on how to effectively search for and interpret our reports.
The redesign of our website and the development of the learning center were based on direct feedback from our Voice of the Customer survey, so keep your feedback coming.
Start a self-guided training module now.
Enroll in an upcoming webinar now.
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