![]() "When data are unreliable, managers quickly lose faith in them and fall back on their intuition to make decisions, steer their companies and implement strategy. ![]() ![]() Back in 2013, HBR also talked about the ripple effect of unreliable data as part of "Data's Credibility Problem": When you can't trust your business data, problems quickly arise and multiply in every area of your organization.īusinesses lose as much as 20% of revenue due to poor data quality, shares Kissmetrics. But when errors, duplicates, and question marks surface. When your business data is reliable and accurate, it's smooth sailing. According to Experian, eight in ten businesses believe data is one of their most valuable assets. Even small businesses can benefit from the rise of big data by optimizing their organization's data and creating processes to put it to work.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |