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Improving Data Quality to Unlock Business Potential

Discover how poor data quality can cost businesses billions and learn effective strategies to enhance data management from Marco Geuer, Head of Global Data Strategy & Solutions.

A new podcast episode of State of Process Automation was published on Jan 12, 2025 with the original title:

Das Datendilemma

Overview:

This podcast episode discusses the common pitfalls businesses face when striving for digital transformation. High investments in software often yield poor results due to inadequate data quality, leading to costly errors. Industry expert Marco Geuer offers insights into resolving these data challenges.

Core content:

  • Many companies aim to enhance productivity and reduce costs through digital tools. However, a lack of focus on data quality hampers these efforts.
  • Investment in software can result in diminished returns, primarily due to issues like inaccurate customer data and faulty inventory records.
  • Decision-making processes are often based on incorrect information, resulting in inefficiencies that can cost businesses billions.
  • Marco Geuer, Head of Global Data Strategy & Solutions at FIEGE, discusses strategies to improve data quality and mitigate these issues.

Learnings:

  • Listeners will learn about the significant impact that poor data quality has on business processes and decision-making.
  • Insights from Marco Geuer provide practical solutions to enhance data accuracy within organizations.
  • The episode highlights the importance of building a strong data foundation to achieve successful digital transformation.
  • Understanding the relationship between data quality and productivity can help companies better strategize their digital investments.

The original content was published in German.

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