Blame It All on Bad Data

greenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread

PwC surveyed 600 large, mid-size and dot-com
companies in the U.S., U.K. and Australia.
Only 1 in 3 traditional companies and only half
of the e-businesses, which should have state-
of-the-art technology, reported being "very
confident" about the quality of the data they
collect.

And bad data costs companies money. More than
half of all the companies surveyed said they had
incurred extra costs when reconciling their books
because of it.

. . .

"If you have questionable data to begin with and
you feed it to a new system that is more rigorous
in how it analyzes that data, error rates can
skyrocket," he says.

. . .

"I'd attribute some of that to Y2K and ERP fatigue,"
Cassella says, referring to corporate preoccupation
in recent years with the year 2000 computer bug and
massive installations of multimillion-dollar enterprise-
resource-planning software designed to manage large
companies.

Yahoo

-- spider (spider0@usa.net), April 18, 2001


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