Poor Data Quality Cost 10-20% of revenue

Posted on December 19, 2007 by jeric40

Thomas C. Redman writes in this article that: Poor data quality costs the typical company at least ten percent (10%) of revenue; twenty percent (20%) is probably a better estimate.

Larry English writes the same in this article.

Filed under: Cost of Poor Data Quality | Tagged:

« Poor Data Quality cost 100 largest Danish companies 4 Billion DKK Some more estimates of the cost of Poor Data Quality »

3 Responses to “Poor Data Quality Cost 10-20% of revenue”

  1. Peter Benza, on January 17th, 2008 at 4:00 pm Said:

    Good article - right on the mark.

    I have been working with customer data my entire career and presently consult with a large consulting firm in the MDM space.

    I am looking for authors to post articles or share related news about industry products, related news, or insights about enterprise data quality.

    http://www.enterprisedataquality.com

    Regards,
    Peter

  2. jeric40, on January 18th, 2008 at 7:33 am Said:

    Hi Peter.

    Thank you for the comment. I would very much like to post article on your webpage as well.

    I am glad for everone that keeps the focus on Data Quality

    Best regards
    Jan-Erik

  3. Survey shows that Sweden has the best and Norway the worst Data Quality Quality in the Nordics. « Optimize Your Data Quality, on April 10th, 2008 at 7:17 am Said:

    [...] customer attrition and wrong foundation for decisions are just a few points. We have in an earlier posting showed how some estimates the cost of poor data to 10-20% of your revenue. In the bottom of this [...]

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