Data is a massive part of any business, and the more accurate and current your data, the better decisions you can make. The infographic below highlights the trends of data quality problems over time, with source references.
An infoClutch survey shed light on various data quality issues, including accuracy, completeness, consistency, and redundancy. The cost of bad data is greater than good data, as more effort is required to clean up the information that was entered incorrectly in the first place.
This infographic makes a clear distinction between good data, which can be used as a crucial metric in any organization, and poor-quality data that would require a lot of time and effort to correct.
Infographic Source: https://www.infoclutch.com/infographic/bad-data-can-hurt-your-business