Change Detection
Change detection identifies when records no longer reflect real-world conditions and require update.
Definition
Definition Change detection is the process of identifying meaningful updates to entities or contacts, such as role changes, firm restructuring, or communication channel shifts. It flags when records may no longer be accurate. Context Family offices rarely announce internal changes publicly. Without change detection, databases rely on periodic review alone, increasing the risk of outdated or misleading records. Why It Matters Early detection reduces stale data, prevents misrouting, and supports higher verification accuracy over time. Key Takeaways Family office changes are often silent Detection improves freshness and accuracy Reduces lag between change and update Supports continuous data reliability