UNIVERSIDAD AUTÓNOMA DE NUEVO LEÓN FACULTAD DE CONTADURÍA PÚBLICA Y ADMINISTRACIÓN

Evidencia # 4

Cultura y Lengua Extranjera

Lic En Administración

Semestre: 8° Grupo: HX
Maestro: MIA. Luis Roberto Aguirre Reynoso

Alumno:
CASTRO FERREL WILLIAM ALAN 1993287

Ciudad Universitaria, San Nicolás de los Garza, 17 de febrero del 2022

1 What is data and why is it important to a business?

Data is the new oil. Data drives fact-based decisions. As a manager you are going
to rely on data to drive your business decisions. Bad data is costly. With data
driving so many decisions in our lives, the cost of bad data truly impacts us all,
whether or not we realize it. IBM estimates that bad data costs U.S. businesses
over $3 trillion yearly. Most people who deal with data realize that bad data can be
extremely costly, but this number is truly stunning. The majority of businesses
analyze customer data, but there is a little chance of the business succeeding if the
data is wrong.

2 Why do you believe data can be inaccurate?

There is a famous saying in the tech industry: “Garbage in is garbage out” (GIGO).
I can be the greatest data analyst in my company, but if the data I am analyzing is
wrong, then my analysis will be wrong.

3 What can a business do to ensure data is correct?

It is important to check the information several times to ensure that it is reliable and
useful to use.