Podcast
Questions and Answers
What was the estimated cost of poor data quality to global businesses annually?
What was the estimated cost of poor data quality to global businesses annually?
- $3 trillion (correct)
- $4 trillion
- $2 trillion
- $1 trillion
What is the purpose of a data strategy according to the text?
What is the purpose of a data strategy according to the text?
- To minimise the use of data
- To organise and collect data only
- To maximise the use of data (correct)
- To analyse data only
Which company did Roberts Group partner with to establish an effective data strategy for their franchise business model?
Which company did Roberts Group partner with to establish an effective data strategy for their franchise business model?
- A national healthcare provider
- An international technology company
- A local fast food chain
- A global retail brand (correct)
Flashcards
Cost of poor data quality?
Cost of poor data quality?
Approximately $3 trillion each year.
Purpose of a data strategy?
Purpose of a data strategy?
To optimize and maximize the utilization of data for business advantage.
Roberts Group's data strategy partner?
Roberts Group's data strategy partner?
A global retail brand.
Study Notes
Data Quality and Strategy
- The estimated annual cost of poor data quality to global businesses is significant.
Establishing Effective Data Strategy
- A data strategy is essential to maximize the potential of data and minimize its risks.
- Roberts Group partnered with Accenture to establish an effective data strategy for their franchise business model.
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