While data enrichment offers numerous benefits, it also comes with its own set of challenges:
- Data Privacy and Security: Ensuring that the enriched data complies with data privacy regulations like GDPR and is secure from breaches is paramount. - Data Quality: The quality of the enriched data is only as good as the sources from which it is derived. Poor-quality data can lead to misleading insights. - Integration Issues: Combining data from multiple sources can often lead to compatibility issues, making the integration process complex. - Cost: Data enrichment can be an expensive process, especially when involving premium third-party data providers.