Skip to Main Content
Information Quality Applied: Best Practices for Improving Business Information, Processes and Systems
book

Information Quality Applied: Best Practices for Improving Business Information, Processes and Systems

by Larry P. English
October 2009
Beginner to intermediate content levelBeginner to intermediate
839 pages
29h 16m
English
Wiley
Content preview from Information Quality Applied: Best Practices for Improving Business Information, Processes and Systems
8 Part I n Information Crisis to Business Excellence
Table 1-2: The High Costs of Poor Quality Business Information
COMPANY /
INDUSTRY
OUTCOME (COSTS (REF DATE)) LOSS AMOUNT
AIG Agrees to pay $1.6 B to settle allega-
tions that it used deceptive accounting
practices to mislead investors and reg-
ulatory agencies. (TN, 2006/02/10).
$1,600,000,000
AIG Bailout money of $223 B from taxpay-
ers. (TN, 2009/03/03).
$223,000,000,000
Arthur Andersen Auditing failure at Enron led to $1.3 B
loss in pension. (FT, 2002/01).
$1,300,000,000
AT&T AT&T agrees to pay $177,000 in fines
in Tennessee for billing Customers for
services they hadn’t authorized.
(TN, 2004/03/06).
$177,000
Australia Dept.
of Defence
Defence to lose compensation billions
in reforms due to overcompensation
due to error in inflation: A$ 4.3 B =
US$ 2.99 B. (AFR, 2009/03/30).
$2,990,000,000
Bristol-Myers-Squibb Fined $150 M for inflating its revenue.
(USA, 2004/04/05).
$150,000,000
Bristol-Myers-Squibb Paid $300 M to settle lawsuit
(accounting re: Imclone). (USA,
2004/04/04).
$300,000,000
Cell Phone
Companies
Agree to pay 32 states $5 M and
required to give Customers a grace
period for cancellations and better
information. (TN, 2004/07/22).
$5,000,000
City Government Free garbage pick-up due to oversight
for 90 homes outside of Nashville’s
urban services district for almost 10
years may have cost the city as much
as $55,000. (TN, 2005/03/10).
$55,000 ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Improving Data Warehouse and Business Information Quality: Methods for Reducing Costs and Increasing Profits

Improving Data Warehouse and Business Information Quality: Methods for Reducing Costs and Increasing Profits

Larry P. English
Information Quality

Information Quality

Ron S. Kenett, Galit Shmueli
Business Metadata: Capturing Enterprise Knowledge

Business Metadata: Capturing Enterprise Knowledge

W.H. Inmon, Bonnie O'Neil, Lowell Fryman

Publisher Resources

ISBN: 9780470134474Purchase book