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…
