Question6Max. score: 2.00The cost of bad data can derail business growth.TRUEFALSEReset Answer

Answer

True. The cost of bad data refers to the financial impact that inaccurate, incomplete, or irrelevant information can have on a business. When companies rely on faulty data, it can lead to poor decision-making, inefficiencies, and can ultimately derail business growth. For instance, wrong customer information can affect marketing strategies, inventory mismanagement can lead to lost sales, and erroneous financial data can result in misguided investments. Therefore, maintaining high-quality data is critical to ensure sustainable business operations and growth. Proper data governance, auditing processes, and data management strategies are essential practices to mitigate the risks associated with bad data.