Any data is bound to reflect facts, but with incorrect context of collection and interpretation, it becomes meaningless. Collecting appropriate data with befitting analysis assists researchers to discover answers to unanswered questions and even predict the future outcomes making correct data collection an integral part of the research.
The accuracy and completeness of data is extremely vital as right questions are answered, experiments are repeatable, and other researchers are not misleading.
While it is easy to confer that data is vital for today’s businesses but it has to be accounted for. New risks and pitfalls appear often as technology evolves. Correct data has the following three fundamental pillars;
The danger of inaccurate data
Inaccuracy in data can result in something that will compromise all the previous hard work and efforts that were put into the project. Accurate data can bring efficiencies, profitability, and growth. On the contrary, inaccurate data can be detrimental to the business and its bottom line.
Inappropriate data management tools can result in inaccurate data that can be highly catastrophic in nature. Accurate and appropriate data can help businesses capitalize on the opportunity at hand by integrating business intelligence.
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