Data Quality Quiz
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Questions and Answers

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?

  • 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?

  • A national healthcare provider
  • An international technology company
  • A local fast food chain
  • A global retail brand (correct)
  • 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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    Quiz Team

    Description

    Test your knowledge on the importance of data quality with this quiz. Learn about the impact of poor data quality on businesses and why data is often referred to as the new oil. Keywords: data quality, business impact, data importance, Clive Humby, IBM.

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