How Real Estate Companies Lost Millions Due To Small Data Entry Errors
Data entry errors in real estate industry lead to issues of property address mismatch, differing listing contract dates, mismatch in parcel numbers, etc. It deprives a purchaser from ownership or the right to use the property.
The buyer or seller may end up spending lot of dollars defending the property rights in the court of law. The criticality of data quality in strategic decision making makes it imperative for real estate players to invest additional time & energy in detecting and resolving data entry errors.
Automated data capture workflow collects accurate data from scanned documents, and addresses the issues of missing data, mislabeled data, and outliers; which otherwise are unavoidable.
Automatically capturing data from the scanned document, and validating it; eliminates costly process steps, and improves productivity, customer satisfaction, accuracy of information, and better governance and compliance. Banking on experienced, technology-focused data entry companies that leverage on robust processes, automated data entry workflows and a number of tools and software — is their best bet.
So want the answers of how to address the data entry accuracy challenges and how AI is transforming real estate landscape. Read more.
