How to Avoid Losing Money to Bad Data

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How to Avoid Losing Money to Bad Data
Bad data can systematically cost a company quite
a bit of money down the road. Did you know that
it was estimated by IBM that bad data cost
businesses in the U.S. 3.1 trillion dollars in
2016 alone? It can be surprising for some to find
out that something widely regarded as an almost
ubiquitous nuisance can cause such staggering
financial losses. It is worth understanding why a
problem like bad data can become so costly, and
why utilizing the help of something like a
reliable Canada business search can help your
company avoid falling into the trap of bad
data. How does bad data have the ability to
create so much financial loss? Well, one of the
issues is that it is so widespread as to have
become normalized. It has become almost the
standard now for employees to need to do a lot of
extra work to correct the issues caused by having
access to bad quality data. This means that at
any given time, each part of the company can have
a fair share of its employees having to spend
lots of extra time having to correct the errors
caused by
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bad data. Whether it is spending excess time
having to sort through countless wrong contact
numbers, or losing hours just trying to find the
right company for your needs, it can all really
add up. All that time spent on unnecessary
dealing with bad data can accumulate towards a
huge financial loss for your company. But it
doesn't need to be this way! A quality Canada
company directory can eradicate so many of the
issues associated with bad data.
It may seem incredibly daunting to move the
needle forwards towards eradicating bad data in
your company, seeing as it's something that has
been pernicious for so long. However, anything
that can cause that kind of mass loss of time and
money is a problem well worth tackling! Something
that can be an invaluable resource in the
ultimate goal of eradicating the prevalence of
bad data from your company is utilizing one of
the Canadian business directories available to
you. Here at Scott's Directories, we know the
importance of having easy and quick access to
correct and quality information.
TARGET, REACH CONVERT CUSTOMERS WITH SCOTT'S
DATA! GET FREE TRIAL
A subscription to Scott's Directories allows your
team 24/7 access to an accurate and comprehensive
list of Canadian businesses. Offering quality and
one stop shop information for those looking to
grow their company with quality info on Canadian
businesses is part of what makes Scott's
Directories the number one Canadian companies
database. Let us help you minimize the damaging
effects of bad data and help save your team hours
of lost time with our comprehensive Canada
business search.
Resource URL https//www.scottsdirectories.com/ho
w-to-avoid-losing-monev-to-bad-data/