Part 2/11:
Data, often called the new oil, can be a double-edged sword. The presenter highlights real-world consequences of poor data quality, citing instances where organizations have faced significant financial losses—such as a Fortune 500 company losing $20 million due to duplicate records—a healthcare firm incurring a $12 million lawsuit from incorrect patient data, and financial institutions risking regulatory fines. These examples underscore that subpar data can lead to misguided decisions, compliance breaches, and reputational damage.