The hidden costs of bad data

The hidden costs of bad data

Nobody likes bad data, and presumably we're all working tirelessly to minimize it. After all, bad data has a price.

Some obvious "costs" of bad data include poor deliverability of email/snail mail, inability to target market/message, inability to analyze data effectively, and potential reputational embarrassment.

But there are also many indirect costs for bad data. One example of this is querying and report-writing. When data is bad, writing queries or reports that are accurate and usable can become very time-consuming, as staff (or a paid contractor) has to make extra efforts to filter out bad data. Every time a report has to be refined to address bad data is an increase of direct or indirect costs to the organization.

Another example is loss of trust in the data itself, by staff and, potentially, by the board and members. The more bad data that consumers of the data see, the less likely they are to trust data they see in the future. And of course, this can lead to the cycle of doom.

The cost of bad data is high, especially when you consider indirect costs. Are you doing everything you can to keep your data clean?

(Hat tip to Mike Frye for this idea.)

Wes's Wednesday Wisdom Archives

Learn how to lose

August 11, 2021

Learn how to lose “Winning is great, sure, but if you are really going to […]

Ownership is Required

July 28, 2021

Ownership is required When asked for the most common reason AMS implementations fail, I typically respond […]

It’s all relative…

July 21, 2021

It’s all relative… Over the course of my 22 years of consulting, I’ve consulted with […]

Eliminate to optimize

July 14, 2021

Eliminate to optimize So much of data management is habit (both good and bad) which is […]

For data governance, ask “Why?”

July 7, 2021

For data governance, ask “Why?” Recently I’ve had the opportunity to work on several data […]

More on Meetings

June 30, 2021

More on Meetings I’ve written before about the importance of making sure your meetings are […]

Action produces momentum

June 23, 2021

Action produces momentum Another great quote from James Clear: “Motivation often comes after starting, not […]

My #1 Best Practice…

June 16, 2021

My #1 Best Practice… A client recently asked me: “If you had to pick a single […]

Encourage engagement with prizes!

June 9, 2021

Encourage engagement with prizes! One of the biggest challenges any organization faces when implementing a new […]

Inertia

June 2, 2021

Inertia One definition of inertia is “to remain unchanged.” My sense is that many association processes, projects, or […]

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top