The impact of poor data quality in business includes client dissatisfaction, increased cost of operations, misguided decision-making and ineffective strategy implementation.
While these are the most immediate examples of the impact of poor data quality in business, in the long run, poor quality data can also adversely affect employee morale, breed organizational mistrust, and make it more difficult to align your enterprise efficiently.
Poor data quality often occurs when businesses try to process data internally, thereby overburdening their existing resources and delegating data entry and processing to a secondary task that often gets pushed back in favor of more urgent ones. Another archaic practice that results in poor data quality is continued dependence on manual processing, which apart from being quite tedious also results in careless mistakes or errors.
As your data quality remains poor, you lack transparency in your operations and end up making poor or even harmful business decisions. The smarter way to ensure good quality data is to outsource data entry and processing to a trusted data entry operator that offers automated data solutions to provide real-time business intelligence and actionable insights.
ARDEM provides comprehensive and scalable solutions designed to help you process faster, operate more efficiently, and save costs. We believe in diving deep and truly understanding our clients. This enables us to engineer solutions that match their present and future goals for business growth and improvement in every industry.« Back to Glossary Index