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Bad Data Is Sapping Your Team’s Productivity

In theory, new technologies aid businesses in increasing productivity:Decision support systems provide managers with the analyses and forecasts they need to make better decisions, operational systems assist in automating production and delivery of goods and services, and logistics systems ensure that they have the right quantities of things they require.

Additionally, many businesses rushed to digitize even faster during the pandemic.The level of productivity ought to soar.Sadly, it has not taken place.Even though there are numerous competing explanations, I believe there is a fundamental reason for low productivity gains and, even more importantly, a method for increasing them:

Data is the fuel that powers digital technologies, and having too much of it is bad for productivity.Data management has not kept up with the proliferation of new technologies, resulting in enormous costs and friction.Eliminating the root causes of bad data is the key to increasing productivity.