Top Data Aggregation Companies
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7 Best Data Aggregation Companies – Learn | Hevo
Today, Big Data plays a key role in the decision-making process of any business. Companies have realized that data is a rich source of information and very essential in supporting evidence-based decision-making and thus are focusing on using specialized services from Data Aggregation Companies. This is very key for the growth of any enterprise.
However, this data is not normally available and if available, it’s not normally stored in a single and centralized location. It’s up to the enterprise to look for the sources of data that it needs to draw insights from and bring it together for analytics, a process known as Data Aggregation.
The good news is that there are companies that have specialized in offering Data Aggregation services. Such companies can be very useful to your enterprise, hence, the need to know them.
In this article, you will be learning about the best Data Aggregation Companies in the present market.
Table of Contents
Introduction to Data Aggregation7 Best Data Aggregation CompaniesMXFinicityFiserv / CashEdgeMobius ServicesYodlee3iDataScrapingPlaid and QuovoLimitations of these Data Aggregation CompaniesConclusion
Introduction to Data Aggregation
Data Aggregation refers to the process of collecting and presenting data in a summarized format for analytics with an aim of achieving business objectives. Data Aggregation plays an important role in data warehousing as it helps businesses to make decisions based on huge amounts of data. It gives companies the ability to forecast future trends and it facilitates predictive modelling.
During Data Aggregation, data should be collected based on the information provided by the user and the needs of the business. In most cases, the data is collected from multiple sources and put in a summary form for analysis. This is a very crucial step because the accuracy of insights from data analysis is heavily dependent on the amount and the quality of data that has been used.
To get accurate results, companies should gather high-quality and large enough volumes of data. Data Aggregation is a useful technique for everything including finance, product, pricing, marketing strategies, operations, etc.
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7 Best Data Aggregation Companies
Data Aggregation is one of the fastest-growing sectors in the world today. Due to the huge size of data that is generated by companies, a high number of Data Aggregation Companies have been started. However, your enterprise should be keen when looking for a Data Aggregation Company to help it achieve its goals.
Data Aggregation Companies differ based on factors such as coverage, pricing, focus, and developer friendliness. When looking for Data Aggregation Companies as an option for your enterprise, ensure that you put all the above factors into consideration.
The following are the best Data Aggregation Companies:
MXFinicityFiserv / CashEdgeMobius ServicesYodlee3iDataScrapingPlaid and Quovo
MX has partnered with more than 1, 800 financial institutions and 43 top digital banking providers in the U. S and Canada.
The company has made tremendous growth which has seen it move from just Data Aggregation into data visualization, personal finance management, and data analytics.
MX also works with other Data Aggregation Companies to route traffic to 48, 000 connections, ensuring constant access to the underlying account data. Some of its public clients are USAA, BBVA Compass, Boeing Employees Credit Union, Ally, National Bank of Canada, and several others.
More information regarding MX can be found here.
They are connected to up to 15, 000 financial institutions in North America, with a 95% coverage of US deposit accounts and the same coverage in wealth management.
The company differentiates itself in credit decisions. It also acts as a credit reporting agency for some of its products.
Finicity has partnered with FICO and Experian and launched a new credit scoring methodology named UltraFICO that will expand credit accessibility for millions of Americans. Some of its public clients are FICO, Experian, Ellie Mae, Freddie Mac, Fannie Mae.
More information regarding Finicity can be found here.
3) Fiserv / CashEdge
Fiserv is a Data Aggregation service provider that has recorded tremendous success in the sector.
It acquired CashEdge in 2011, which now serves as the cornerstone of Fiserv’s account aggregation offering.
Fiserv has grouped its Data Aggregation tools into three different products serving the financial advisory industry, general audience, and another one to act like a PFM. One of its public clients is FinLocker.
More information regarding Fiserv / CashEdge can be found here.
4) Mobius Services
They are one of the best Data Aggregation service providers with an active presence in India, UK, and the USA.
They offer services such as data enrichment, digital marketing, retail content services, research and consulting. They focus on industries like information providers, travel and hospitality, oil and gas, e-commerce and retail, finance, real estate and shipping.
More information regarding Mobius Services can be found here.
Yodlee was founded in 1999 and it’s the father of the Data Aggregation industry. It went public in 2014 and Envestnet acquired it in 2015.
Research has shown that its data coverage is very comprehensive, and one of the best in the industry. Yodlee provides many tools and services, which makes it good for the financial sector for the provision of various services.
Yodlee has also introduced an incubator and a launchpad to encourage the uptake of its tools and data by the fintech industry. Some of its public clients are ING, Microsoft, Tandem, Transferwise, Personal Capital, and Experian.
More information regarding Yodlee can be found here.
3iDataScraping is a Data Aggregation Company located in India and the USA.
They offer their clients with Data Aggregation services, web data extraction, web scraping, data capture, web data mining, and email scraping. They can help you turn your unstructured data into structured data.
3iDataScraping can scrape data from e-commerce websites like Amazon and eBay, online travel sites, and social media platforms like Facebook and LinkedIn.
More information regarding 3iDataScrapping can be found here.
7) Plaid and Quovo
This is a Data Aggregation service provider that has brought attention to the market for financial account data.
They have received a lot of attention from the media and a lot of capital. They pride themselves as the most developer-friendly data aggregator, and it promotes its APIs and coolness factor to banks and other firms in the fintech industry.
It upgraded its Auth product in February 2019, and it now claims to be covering every financial institution in America. In 2019, Plaid managed to acquire Quovo, a key player in the Data Aggregation sector. Some of its public clients are Venmo, Transferwise, MoneyLion, Upstart, Acorns, Robinhood, and Betterment.
More information regarding Plaid and Quovo can be found here.
Limitations of these Data Aggregation Companies
Although the above companies will help you aggregate the data that your enterprise wants, you will experience the following challenges:
You will have to wait for some time for your data to be ready for analysis. This may delay the data analysis and decision-making process for your enterprise. You’ll give third party access to your data. This may violate the privacy of your company, especially when dealing with sensitive data. They don’t offer tools for collecting and aggregating data in real-time, which means your enterprise may lack up-to-date data for analysis and decision making. Data Aggregation Companies charge a high amount of fee, which your enterprise may not be able to afford.
This is what you’ve learnt in this article:
You’ve learnt what Data Aggregation is and why you need it for your enterprise. You’ve learnt about the best Data Aggregation Companies in the world.
If you are going to set up an effective Data Aggregations solution, then Hevo Data is the right choice for you! It will simplify the Data Aggregations, ETL, and management process of both the data sources and the data destinations.
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Major Data Aggregators | Localeze, Acxiom, Infogroup, Factual | Pigzilla
So, let’s see here. What are data aggregators and what do they do? Basically, they collect data and compile information from different databases and individuals in order to sell that information to others.
In regards to local citations, there are several major data aggregators that collect local citation information about local businesses such as the business name, address, phone number, website, description, hours of operation and so on.
They then validate this information using their various validation methods such as USPS address validation to make sure the addresses are correct and Telco to verify that the phone numbers are accurate. Once this information has been “cleaned up”, they make it available to publishers like Google, Yahoo, Bing, Yelp and YellowPages just to name a few.
Image Credit: David Mihm
When Google, for example, goes to update their Google My Business listings (formerly Google Places), they will pull data from these local data aggregators. They take data from several sources and compare it to what they currently have in their database and update it with what information they deem accurate. This is why having your local business data consistently listed with each data aggregator is pertinent.
[2019 UPDATE] The four major data aggregators are Acxiom, Infogroup, Localeze and Factual. As of January 2020, Acxiom will no longer be acting as a data aggregator.
Publishers like Google pay big money to have access to this kind of local business data, especially if it’s coming from a highly trusted source and they know that the local business data has been through several verification processes.
There are several large data aggregators who are at the top of the food chain and if you’re a local business, you can’t afford to not be included in their data files.
What Can Pigzilla Do For Me?
I’m a local SEO consultant and I can help. If you want to submit your local business data to all the major data aggregators on your own, we won’t stop you. This will require you to contact each local data aggregator on your own, establish a relationship with each one and then submit your local business information to them in several different formats since they all want different arrangements of your data. In addition, you will have to pay full price, unless of course you qualify for a large volume discount.
Most likely this doesn’t sound very appealing to you, unless you are a local search nerd like me. So, where do I come in? I have you take 15 minutes to fill out one data sheet full of your local business information the way you want it to show on the Internet. Then I submit your local business data to the major data aggregators for you!
If any of your local business information changes, no problem! Just update your data sheet and resubmit it to us. I will make sure it gets updated with each local data aggregator.
Note: A Google My Business (Google Places) listing or Facebook Places Page is required. One of these will be used to verify your business address. If you do not have one yet, I will set one up for you.
Custom SEO Programs Designed Around Your Business
I believe strongly in the entire SEO process and typically do not offer one-off services. If you focus on only one aspect of SEO, most likely you won’t get the results you are looking for. Because of this, I offer ongoing SEO programs that include all aspects of SEO. Apply For My SEO Program.
Improve Your Local Search Ranking With Data Aggregators – Vendasta
Data aggregators run the world. The world of local search, any way. Data aggregators supply information to major search engines like Google, which means that having good business listing info on data aggregators can help it get right on Google. These aggregators have built massive business databases from valuable listing sources like yellow page directories, phone directories, utility records, and various online information providers. They’ve got an unbelievable amount of business data that search engines look to when finding local listing information for businesses. There are four major data providers: Factual, Acxiom, Infogroup and Localeze. Their databases contain business information that search engines seek out to display for consumers. This information is the basis of where many online citations come from. What exactly is a citation, you ask? Citations are when a business is mentioned somewhere online, and the more citations a business has generated, the more likely their business is to appear higher in search rankings. The major data aggregators provide information that help businesses get found correctly on online resources such as: Google Maps Bing Local Yahoo Local Apple/Siri Facebook Yellow Pages These online resources are only a few of the sources that receive data from the data aggregators. Obviously sites like Google Maps, Facebook and Yellow Pages are crucial places to be listed for businesses that want to be found online. Businesses need to get their information correct with these data providers, or they risk not being found by potential consumers. Every business wants online visibility! Do you want to master SEO with all of the major data aggregators, and generate and as many business citations as possible? I thought so. What is a citation? As mentioned above, a citation is simply anytime a business is mentioned somewhere online. Many people believe that citations are links to websites, but this isn’t necessarily true. Although a citation can be linked, they don’t have to contain a link to be considered a citation. To break it down further, let’s look at how citations can appear online: Company name (alone) Phone number (alone) Company name and phone number Company name, phone number and address Company name, phone number, address and link Though any of these combinations is considered a citation, a citation is not considered to be complete unless it contains the company name, address and phone number (NAP). Businesses who have their NAP data correct with the major data providers have a better chance of seeing their correct information appearing all across the web. Citations can appear in a structured or unstructured manner, here’s how you can distinguish the difference between the two: A structured citation is the most common type of citation, and usually the most detailed when consumers are looking for business information. People see structured business citations on business listing sites like Yellowpages, Yelp or TripAdvisor. In most cases, these citations contain the NAP for a business, something consumers are looking for in local search. An unstructured citation can be found on random websites, blogs, event listings, job posting sites, government records or social media mentions. These are unstructured because they could be as simple as a company mention. Usually these citations don’t include a business’s NAP data. No matter how a citation appears, it has influence on the local search ranking in some way for a particular business. Data aggregators play an important role in getting a business listed or found on many major websites. The importance of building citations Citations have a major influence on local search rankings. Basically, the more times a business is mentioned online, the better chance their business has to rank near the top of local search. Google’s search ranking algorithm has many moving parts, which means that citation building isn’t the only thing a business has to do in order to rank on search engines. Online reviews, mobile compatibility, domain authority and keyword density are just a few other factors that influence local search. Check out our Video on the Google Snack Pack, you are sure to learn a few tricks to help local businesses move up in local search. This doesn’t mean that citations don’t play an important role in local search ranking, though. In fact, David Mihm’s local search study suggest that citation related factors are very important: they make up 25% of the top twenty factors the influence local search. So what do data aggregators do? Data aggregators provide a lot of the data to search engines when conducting a local search. The aggregators own the space known as the local search ecosystem, a place where local searches get all of their data. There you see the four major data aggregators: Infogroup, Acxiom, Localeze, and Factual. As you can see, many major directories and listings sites rely on these data providers for their information. Like we mentioned earlier, the data aggregators are the foundation of what builds structured citations on major sites. Although the picture might seem like a lot to comprehend, the underlying message that you should take away from this is really simple: get business data right with the major data aggregators. Incorrect data on any of these aggregators could mean that a business’s information online is extremely inconsistent or down right wrong on many major listings sites and directories. Inconsistent information hurts SEO, so be sure to have a business correctly listed with all the major players. Not only does inconsistency hurt search engine ranking, but it hurts a business. Consumers don’t trust businesses with inconsistent information online—73% of consumers lose trust in brands due to inaccurate local business listings Business citations rely on the power of data aggregators! We see that data aggregators have a major influence on the amount of reputable sources that a business is cited on because they automatically input business data into various sources for a business. This means not having to manually plug in information into each and every business relevant site on the worldwide web. Get it right! There is no secret that we are keeping from you, or a fancy trick to increasing online citations. It’s as simple as getting it right with the major data aggregators. Local search is a major deal for business, especially for small businesses. A company could potentially force themselves into bankruptcy if their online visibility is non-existent. Consumers rely on the internet and search engines to interact with local businesses. According to Google, “four in five consumers use search engines to find products, services or experiences nearby. ” These are searches for anything, from the best pizza in town to the fastest hair salon. Local search is what drives consumers to a business’s front door, and ultimately drives top-line revenue for local business. Make sure that a business gets it right, and isn’t missing from vital local search results. Start using data aggregator: it’s the first step in building accurate online citations and mastering local SEO.
Frequently Asked Questions about top data aggregation companies
Who are the largest data aggregators?
[2019 UPDATE] The four major data aggregators are Acxiom, Infogroup, Localeze and Factual.
What are the 4 major local data aggregators?
The aggregators own the space known as the local search ecosystem, a place where local searches get all of their data. There you see the four major data aggregators: Infogroup, Acxiom, Localeze, and Factual. As you can see, many major directories and listings sites rely on these data providers for their information.
What are data aggregation companies?
Data Aggregation refers to the process of collecting and presenting data in a summarized format for analytics with an aim of achieving business objectives. … Data Aggregation is a useful technique for everything including finance, product, pricing, marketing strategies, operations, etc.Feb 5, 2021