Part 3/9:
Despite technical capabilities that could potentially resolve these issues, organizations often find themselves unable to streamline data access due to fragmented tools and unaware leadership. As a consequence, accessing data becomes a time-consuming task, costing businesses substantial time and resources.
The Impact of Data Inaccessibility
The consequences of these data challenges are profound. The same survey revealed that 85% of professionals acknowledged that outdated or incomplete ERP data negatively impacted their business operations, leading to revenue loss or slowed decision-making. In other words, without timely and accurate data, organizations face obstacles in managing their operations effectively, making strategic errors, and missing growth opportunities.