How to Avoid Losing Money to Bad Data

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Bad data can systematically cost a company quite a bit of money down the road. Did you know that it was estimated by IBM that bad data cost businesses in the U.S. 3.1 trillion dollars in 2016 alone? It can be surprising for some to find out that something widely regarded as an almost ubiquitous nuisance can cause such staggering financial losses. It is worth understanding why a problem like bad data can become so costly, and why utilizing the help of something like a reliable Canada business search can help your company avoid falling into the trap of bad data.

How does bad data have the ability to create so much financial loss? Well, one of the issues is that it is so widespread as to have become normalized. It has become almost the standard now for employees to need to do a lot of extra work to correct the issues caused by having access to bad quality data. This means that at any given time, each part of the company can have a fair share of its employees having to spend lots of extra time having to correct the errors caused by bad data. Whether it is spending excess time having to sort through countless wrong contact numbers, or losing hours just trying to find the right company for your needs, it can all really add up. All that time spent on unnecessary dealing with bad data can accumulate towards a huge financial loss for your company. But it doesn’t need to be this way! A quality Canada company directory can eradicate so many of the issues associated with bad data.

It may seem incredibly daunting to move the needle forwards towards eradicating bad data in your company, seeing as it’s something that has been pernicious for so long. However, anything that can cause that kind of mass loss of time and money is a problem well worth tackling! Something that can be an invaluable resource in the ultimate goal of eradicating the prevalence of bad data from your company is utilizing one of the Canadian business directories available to you. Here at Scott’s Directories, we know the importance of having easy and quick access to correct and quality information.

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A subscription to Scott’s Directories allows your team 24/7 access to an accurate and comprehensive list of Canadian businesses. Offering quality and one stop shop information for those looking to grow their company with quality info on Canadian businesses is part of what makes Scott’s Directories the number one Canadian companies database. Let us help you minimize the damaging effects of bad data and help save your team hours of lost time with our comprehensive Canada business search.

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