Once a number gets into public circulation, sometimes it never changes no matter what happens. How many people in
The data quality arena has its own 10-year-old, commonly accepted number–the cost of poor data quality on American businesses. The statistic most often cited is $600 billion annually. Its source is 2002 study by The Data Warehousing Institute.
Frankly, $600 billion per year is an absolutely staggering number. According to that 2002 report, it was only the tip of the iceberg; representing postage (remember that?), printing and staff overhead associated with name-and-address data problems. If that number is even close to accurate, it is safe to speculate that the cost is even greater now. Over the past ten years, the economy has become increasingly global.
For example, last year General Motors sold more cars in
Working internationally complicates and intensifies data quality problems. Not only do different divisions of companies have to communicate with each other efficiently, they have to manage data that comes in different languages, different formats and reflects different cultural traditions.
Consider a country like
Given the natural growth of the economy in the