5 Major Consequences of Poor-quality Data and How to Avoid it
Data often gets pushed back on that never-ending to-do list as other day-to-day business operations take priority. However, your business’s information is only as good as the data you use behind it. The five major consequences of poor-quality data are: Poor decision-making Business inefficiencies Mistrust Missed opportinities Lost revenue LetR ... Read More
October 5, 2019 business efficiency, data accuracy, data analysis, data hygienePoor-quality Data and What it Spells for a Business
Data is an important if not vital part of any organisation as it underpins almost every department and operation imaginable. In fact, data is what drives improvement as a lack of knowledge of the metrics that define one’s current status and the goal of where one is going, makes improvement almost impossible. Therefore, how can […] ... Read More
September 21, 2019 business success, data accuracy, data hygiene4 Warning Signs of Bad Data
We are living in a big data world mainly attributed to how business is vastly conducted with the use of computers and technology. These modern-day processes and operations give us the ability to keep digital records of large data sets that can then be analysed for trends sometimes offering powerful and valuable insights. On the […] ... Read More
August 15, 2019 data, data accuracy, data hygiene, inaccurate data, inventory managementThe Consequences of Businesses Holding Deficient or Bad Data
Business leaders deem data and analytic proficiency to be a top investment priority because of the role it plays in enabling future technologies like the Internet of Things and Artificial Intelligence. However, maintaining data quality is an ongoing problem for many businesses. Confidence in data is often low, particularly when organisations have v ... Read More
August 5, 2019 clean data, data accuracy, data hygieneHow to Maintain Quality Data and Improve Your Inventory Control
One of a business’s most valuable assets is the inventory stock used to generate profits and revenue, however in today’s business environment quality data is now becoming as equally valuable. Quality data is the foundation of operations, inventory control and in driving vital financial decisions. Maintaining accurate, complete and consistent da ... Read More
July 31, 2019 clean data, data accuracy, inventory controlTwo Major Consequences of Poor Data on Inventory Management
As a business grows, ensuring sales data is accurate can become more and more of a challenge. And when businesses are still small, owners can easily overlook the importance of maintaining oversight of data. But the reality is that accurate data is extremely important to the long term success of a business, and inaccurate data […] ... Read More
July 24, 2019 data accuracy, inventory management, inventory management softwareIs Your Business Sabotaging Inventory Management with Poor Quality Data?
Data plays a critical role in making sure we have the right information to run a business. But what if that information is leading you astray? Data comes through in prolific amounts these days. When it’s coming from just about every direction, it’s probably safe to say that not all data is good data. There’s […] ... Read More
July 17, 2019 clean data, data accuracy, inventory management, inventory management software, stock controlTelltale Signs You Are Using Bad Data
In this digital age where technology and software solutions gather and track billions of pieces of information, data is king. Data provides detailed information on which business can base decisions and it enables them to provide their customers with personalised tailored experiences. However, as organisations increase investment in the technology f ... Read More
July 1, 2019 accurate data, clean data, data accuracy, inventory control, inventory management, inventory reporting10 Tips for a Successful Stocktake
A stocktake is a challenging but vital part of any company with inventory, especially given inventory can be one of the biggest assets of a company. ... Read More
March 25, 2017 auditable records, data accuracy, inventory control, inventory valuation, stocktakeHow to turn the problem of being overstocked into a business opportunity
Overstocked? Don't worry, this negative can be turned positive, and even give you a chance to re-engage with your customers. ... Read More
March 1, 2017 change maagement, customer retention, data accuracy, excess inventory, overstocked