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Go-to-market (GTM) success depends on how accurately GTM teams understand and engage with their target audience. Every decision—whom to target, when to engage, and which accounts need to be prioritized—relies on the quality of CRM data.
The cost of bad data is a long-standing crisis. In 2020, Gartner reported that poor data quality costs organizations an average of $12.9 million annually. Over half a decade later, the core issue remains: most companies still treat their CRM as a static data-collection exercise rather than the revenue intelligence system it’s meant to be.
Your CRM is meant to be the central engine driving revenue growth—but many organizations today are discovering that their CRM is actually slowing them down. Contact information becomes outdated, company structures change, and critical fields decay faster than internal teams can update them. The result: missed opportunities, misdirected campaigns, and wasted sales effort.
As businesses increasingly recognize data as their most valuable asset, the focus has shifted from just collecting information to managing it securely and efficiently. Modernizing data management processes has become a top priority, with organizations investing in advanced technologies such as AI and ML to address challenges like data governance, integration, and security. But here’s the catch— incorporating AI in data management alone isn’t enough. An efficient way of tackling data management challenges is combining AI with human expertise, creating a balanced approach that ensures data is used and managed responsibly. In this blog, we’ll explore how this synergy redefines the landscape of data management and why it’s essential for driving sustainable business growth.
According to Harvard Business Review, almost half of freshly created datasets contain major errors that lead to poor ROI and wastage of time and resources. So, even if you are collecting high-quality data from reliable sources, you must validate & update it regularly for accurate information.