impact of bad data infographic - datamaticsbpm.com€¦ · gartner datamatics business solutions...

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Impact of BAD DATA Bad Data costs the US $3T PER YEAR 3 DATA DECAYS @ rate of 25% annually DATA AGGREGATED from Disparate Sources INADEQUATE data strategy POOR TECH integration or lack of it HUMAN ERROR or Skills Shortage INSUFFICIENT Budget/Priority Poor Data Quality costs organizations an average of $10-15M A YEAR 4 You might be Shelling Out as much as $100 PER DIRTY RECORD 2 Poor Quality data can cost businesses at least 30% OF THEIR REVENUES 1 SOME ALARMING FACTS ABOUT BAD DATA companies struggle with POOR DATA QUALITY 70% Around 4x faster Help you reach decision makers 40% Reduce sales cost by 300% Increases chances of prospecting by 2 1 4 3 WHAT IS BAD DATA? WHAT CREATES A BAD DATA TRAP? BAD DATA CAUSES A DOMINO EFFECT ~20% companies lose a potential client Inefficient decision-making affects customer service & hikes operational costs Inaccurate Segmentation & targeting can prolongs the sales cycle by 30-40% Data analysts spend over 60% of productive time on cleansing data WHAT CAN GOOD DATA DO… Resolve your data challenges with us A trusted data solutions partner to fortune enterprises Data-as-a-Service | Data Cleansing | Data Analytics | Content Moderation SOURCES: 2. Sirius Decisions 3. Harvard Business Review 4. Gartner 1. Ovum Datamatics Business Solutions Ltd. (DBSL) is a pioneer in providing intelligent Business Process Management (iBPM) services. Our integrated offerings include; Database Solutions & B2B Marketing, Demand Generation & Sales Acceleration, Business Research, Finance & Accounting Outsourcing, Payroll and Contact Center Services. We leverage emerging technologies like Robotics, Machine Learning and Artificial Intelligence to power human-machine collaboration & enable seamless delivery. As a trusted partner to Fortune 1000 companies; our focus is on driving revenue growth, operational excellence, cost efficiency & customer intimacy for global clients. We serve customers across the globe and industries like Technology, Banking & Financial Services, Media & Publishing, Events, Manufacturing, Healthcare, Automotive, Retail & CPG, Travel & Logistics and Telecom. © Datamatics Business Solutions Ltd. All rights reserved. e: [email protected] w: www.datamaticsbpm.com All trademarks, product names, logos and brands are property of their respective owners. They are used in this document for identification purposes only and does not imply endorsement. Duplicate Information Incorrect or Suspect Data Incomplete or Missing Records Age old Information

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Page 1: Impact of Bad Data Infographic - datamaticsbpm.com€¦ · Gartner Datamatics Business Solutions Ltd. (DBSL) is a pioneer in providing intelligent Business Process Management (iBPM)

Impact of

BADDATA

Bad Data costs the

US $3T

PER

YEAR3

DATA DECAYS

@ rate of 25% annually

DATA AGGREGATED

from Disparate Sources

INADEQUATE

data strategy

POOR TECH

integration orlack of it

HUMAN ERROR

or Skills Shortage

INSUFFICIENT

Budget/Priority

Poor Data Qualitycosts organizations

an average of

$10-15M

A YEAR4

You might be ShellingOut as much as

$100 PER

DIRTY

RECORD2

Poor Quality datacan cost businesses

at least 30%OF THEIR

REVENUES1

SOME ALARMING FACTS ABOUT BAD DATA

companies struggle with

POOR DATA QUALITY70%Around

4x faster

Help you reach decision makers

40%

Reduce sales cost by

300%

Increases chances of prospecting by

21

4 3

WHAT IS BAD DATA?

WHAT CREATES A BAD DATA TRAP?

BAD DATA CAUSES A DOMINO EFFECT

~20% companieslose a potential client

Inefficient decision-making affects customer service & hikesoperational costs

Inaccurate Segmentation &

targeting can prolongs the sales

cycle by 30-40%

Data analysts spend over

60% of productive time on cleansing data

WHAT CAN GOOD DATA DO…

Resolve your data challenges with usA trusted data solutions partner to fortune enterprises

Data-as-a-Service | Data Cleansing | Data Analytics | Content Moderation

SOURCES: 2. Sirius Decisions 3. Harvard Business Review 4. Gartner1. Ovum

Datamatics Business Solutions Ltd. (DBSL) is a pioneer in providing intelligent Business Process Management (iBPM) services.

Our integrated offerings include; Database Solutions & B2B Marketing, Demand Generation & Sales Acceleration, Business Research,

Finance & Accounting Outsourcing, Payroll and Contact Center Services. We leverage emerging technologies like Robotics, Machine

Learning and Artificial Intelligence to power human-machine collaboration & enable seamless delivery. As a trusted partner to Fortune

1000 companies; our focus is on driving revenue growth, operational excellence, cost efficiency & customer intimacy for global clients.

We serve customers across the globe and industries like Technology, Banking & Financial Services, Media & Publishing, Events,

Manufacturing, Healthcare, Automotive, Retail & CPG, Travel & Logistics and Telecom.

© Datamatics Business Solutions Ltd. All rights reserved. e: [email protected] w: www.datamaticsbpm.com

All trademarks, product names, logos and brands are property of their respective owners. They are used in this document for identification purposes only and does not imply endorsement.

Duplicate

Information

Incorrect or

Suspect Data

Incomplete or

Missing Records

Age old

Information