All businesses manage addresses, whether it is your customers billing or delivery addresses, or company assets and buildings. Consequently, most companies have to do some form of address management, whether it is postal address validation, address standardization or leverage a geocoder to add context and derive insight from these addresses.
While inexperienced people tend to think all geocoding and address validation technologies are comparable, “It’s just sending an address and then you get a latitude and longitude, right? ”, in reality there are significant difference between these different technologies and their underlying data. Moreover, in recent years, there has been active innovation in the geocoding market space for many vendors. These innovations include a variety of value-added differentiator ranging from location hyper-accuracy to built-in data enrichment or new cloud deployments.
Here are a few trends that will be discussed:
- Hyper-accuracy
- Multi-sources and Postal Address Data integration
- Type-ahead address entry
- Unique and Persistent ID, and Data relationship
- Compliance, Security and Privacy
- Cloud-Native and Cloud-Datawarehouse elastic deployment
