How duplicate data hampers business growth?

HOW DUPLICATE DATA HAMPERSÂ

BUSINESS GROWTH?

WHAT IS DATA IN BUSINESS? A backbone to smoothen business activities.

A thread that carries out all operational process.

Information that subjects to business management.Â

We find data mostly in all processes like accounting, purchase of raw material, the sale of products, inventory control, profit & loss analysis, etc.Â

To gain accurate information many companies use “Big Data� to deliver qualitative services across multiple channels.

A RECENTLY RELEASED RESEARCH IN THE US STATES THAT

90%

of businesses believe there is always some level of inaccuracy in their data.

87%

of organizations admit to having duplicate data.

WHAT IS DUPLICATE AND INACCURATE DATA IN BUSINESS? Having same values in two different attributes is called duplicate data. Having two different values in a single attribute is called inaccurate data.

HOW THIS DUPLICATE DATA AFFECTS BUSINESS GROWTH?

Inaccurate data less informed decisions. Bad impact on brand reputation.

Missed sales opportunities.

Improper business processes.

Wasting market efforts and poor targeting.

Poor customer service.

6 STEPS TO MINIMIZE THE DATA REDUNDANCY

1

Identify the sources of where data enter the

2

Reduce redundant data to process only useful

3

system to fix your data duplication.

data and save the time of your employees.

Standardizing the process can improve both data collection and data entry process accurately.

6 STEPS TO MINIMIZE THE DATA REDUNDANCY

4

Make your employees understand the

5

Make data accuracy your primary objective

6

importance of data entry being collected.

rather than speed to avoid data entry errors.

Utilize automated tools to reduce the burden of your employees and manual data entry errors.

Duplicity in data can hurt the business growth and customer expectations so it is the responsibility of all the business owners to effectively manage their data at every touch point. But we cannot deny the fact, that managing data is a time-consuming process that deviates the focus from core business operations.

Hence, outsourcing data management services can help you save your time, money and efforts. As these firms have years of experience in managing data accurately and all the data undergo extensive quality control checks before being sent to you, thereby, reducing the chances of duplicity in data.

If you are looking for a reliable partner for data management, Cogneesol is here to help you! We can assist you to reduce the cases of adding duplicate data, giving you the assurance that you have accurate and quality data insights.Â

Contact 646 688 2821 30 Wall St, New York, NY 10005, USA

info@cogneesol.com www.cogneesol.com