What is the impact of data quality on business decisions?

What is the impact of data quality on business decisions?

Data quality significantly affects business decisions by ensuring that the information used is accurate, reliable, and timely.

Can you give me some examples of poor data quality affecting decisions?

Sure! Poor data quality can lead to incorrect market analysis, misguided strategies, and ultimately financial losses.

How can businesses improve their data quality?

Businesses can improve data quality by implementing data governance policies, regular audits, and using data cleansing tools.

What tools are available for data quality management?

There are several tools like Talend, Informatica, and Microsoft Power BI that help in managing and improving data quality.