“Automation applied to an inefficient process will magnify the inefficiency.” – Bill Gates This is part 3 of my 5-part series about the cost of bad data. Read the previous post here. The added threat of system-specific AI System-specific machine learning algorithms are making all the bad things happen faster. AI is increasingly a feature of SaaS offerings, from…
When Apple’s iPhone launched in 2007, Microsoft’s CEO Steve Ballmer made a prediction that now seems foolish: That the iPhone would never earn any significant market share. Today, Apple controls one quarter of mobile phone sales globally. How did a computing giant like Microsoft call things so wrong and miss the mobile opportunity? Simply, it wasn’t in their DNA. Companies…
This is part 2 of my 5-part series about the cost of bad data. Read the previous post here. The Economist calls data the oil of the 21st century and considering the quality at most companies, one has to imagine it laden with gunk. Companies spend $260 billion on analytics and yet only 55 percent of their data is available…
If bad data were a plague on business, it might rank somewhere between The Great London Epidemic and The Black Death. Bad data costs companies an estimated 15 percent of their revenue according to Gartner. Only 16 percent of managers trust their data, and system-specific AI is causing companies’ ecosystems to wobble dangerously out of control. It’s a big concern…
As one might expect, 87 percent of companies have a CRM. But this figure masks a strange truth that’s not often discussed: 20 percent of them have more than one, according to Syncari data and sales operations leaders we’ve spoken to. Why would you want more than one CRM? Same reason you’d want more than one marketing automation platform, more…
Sunny Side Up Podcast There’s a huge problem in businesses when it comes to data quality and data management, an average company will have 100,000 records but will spend 4M dollars on data quality issues! And we want to fix these issues,” says Nick Bonfiglio, Founder and CEO at Syncari. Don’t miss out on his insights and entrepreneurial tips from…
If Europe’s new GDPR data regulations started a fire, California’s new act is pouring on the petrol. The legislation grants consumers even more rights effective January 1 of next year, and has companies scrambling to get their data house in order. If regulations weren’t enough, MIT has found that bad data is more expensive than we thought: It costs companies…
Every day I see another SaaS app go ‘must-have’ viral and I wonder how long the center can hold. When the average midsize startup uses 123 SaaS tools (enterprises use thousands) and 78 percent of organizations are increasing their spend on cloud services, all I can think about are all those messy connections and what a drag they are on…
Every year, L.A. drivers each spend 128 hours imprisoned in freeway traffic—among the worst in the nation—which siphons $19 billion out of the L.A. economy. To put that in perspective, that’s the size of NASA’s budget. If each of those irate, captive drivers were a piece of data, the whole Los Angeles sprawl would be a fitting diagram of most…
