Edgar de Wit
Every April 1st, the internet floods with pranks and hoaxes. But here’s a statistic that’s no joke: businesses in the U.S. waste over $3 trillion each year due to bad data.
Poor-quality data leads to inefficiencies, lost revenue, and poor decision-making. Whether it's duplicate records, outdated information, or misentered numbers, the impact is enormous. Some of the biggest consequences include:
A report from IBM estimates that bad data costs businesses about 15-25% of their revenue each year. With the ever-growing volume of data, errors multiply quickly, making it difficult to maintain accuracy. If a company doesn’t have the right tools to ensure data integrity, they end up paying the price—literally.
The good news? You don’t have to be part of this costly statistic. Here are some ways to improve data quality in your organization:
Don’t let bad data fool you.
If you’re ready to improve your data quality, schedule a discovery call with us today to discover how XLReporting can support your organization.
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