Poor data accuracy can have several negative consequences, including:
Financial Loss: Incorrect data can lead to misguided business decisions, resulting in financial losses. Compliance Issues: Inaccurate data can lead to non-compliance with regulatory requirements, which can result in fines and legal repercussions. Reputation Damage: Repeated instances of data inaccuracies can damage a company's reputation, leading to loss of trust among stakeholders. Operational Inefficiencies: Inaccurate data can cause disruptions in business operations, leading to inefficiencies and increased operational costs.