Making important decisions on incorrect data

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Reference no: EM133020054

Data is the new oil. Data drives fact-based decisions. As a manager you are going to rely on data to drive your business decisions. Can you imagine making a critical business decision on bad data? Have you ever stopped to ask yourself if you trust your data? What will happen if you make a business decision on incorrect, inaccurate, or low-quality data? Obviously, chances are high you will make the wrong decision, and that is the primary risk when using data to drive your decisions. Here are a few examples of organizations that fell into the trap of making important decisions on incorrect data.

Reference no: EM133020054

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