Why measure the impact of data integrity issues?

The impact of data integrity issues can have direct cost implications, indirect costs, and even lost opportunities for the business. Data integrity issues, especially in transaction data, may lead to direct costs to the business such as the cost of correcting errors, reworking processes, and potential regulatory penalties. The related costs given their nature could be quite significant.

Costs can also be indirect, such as a decrease in productivity, lower customer satisfaction, and harm to a company’s reputation. These can be quite difficult to estimate; however, they can still have a substantial impact on the bottom line. Problems with data integrity may also lead to lost opportunities, such as declines in sales or missed investment opportunities. Though these are quite challenging to quantify, they can still have a notable impact on the business’s financial performance.

Now that we have covered the different types...