Poor data quality: How it costs Australian ecommerce firms dearly

CFOtech Australia delves into the critical issue of data flaws, revealing their substantial financial toll on large Australian firms, estimated at AUD $493,000 per year. This article provides a financial perspective on how inaccurate or incomplete data impacts budgeting, forecasting, and strategic investment decisions. It highlights the direct link between data quality and financial performance, urging CFOs to recognise data management as a strategic imperative to prevent unnecessary expenditures, ensure regulatory compliance, and unlock greater financial efficiency within their organisations.

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