How Poor Quality Data Costs Your Business Money And Time

Industry experts say that poor-quality data can cost your business as much as 20% to 35% of your yearly revenue in lost opportunities and waste. This boils down to a few reasons.

💡 Poor data visibility hampers decision-making, resulting in inefficiencies and potential errors, impacting business operations and financial outcomes.

💵 Low-quality data necessitates additional resources, increasing operational costs and diverting resources from productive activities.

⚖️ Non-compliance with data protection regulations, financial reporting standards, or industry guidelines due to poor data quality can result in legal consequences, fines, reputational damage, and loss of business opportunities.

💸 Missed revenue opportunities occur when poor data quality hinders targeted marketing, lead generation, personalized experiences, and the ability to identify cross-selling or upselling opportunities.

Good data is essential to ensuring your business makes the right choices at the right time, and it's worth getting right. That's our mission - To give greater visibility over your data and put the information into the hands of the people that need it when they need it.

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