Sponsored Topics. Stokesdale is a town in the northwestern corner of Guilford County, North Carolina, United States. The population was 3,267 at the 2000 census. Belews Lake is located nearby. Stokesdale is located at 36Â°14â²11â³N 79Â°58â²57â³W / 36.23639Â°N 79.9825Â°W / 36.23639; -79.9825 (36.236371, -79.982393).
The Cost of Bad Data is the Illusion of Knowledge. Each time I open Salesforce in my browser, I think of Stephen Hawking. Itâs because of an aphorism an entrepreneur shared with me a few weeks ago. The cost to fix a data error at the time of entry is $1. The cost to fix it an hour after itâs been entered is $10. And the cost to fix it several months later is $100+. Take for example a venture capitalistâs CRM tool.
This page describes human error rates in a variety of contexts. Most of the error rates are for mechanical errors. A good general figure for mechanical error rates appears to be about 0.5%. Of course the denominator differs across studies. However only fairly simple actions are used in the denominator. The Klemmer and Snyder study shows that much lower error rates are possible--in this case for people whose job consisted almost entirely of data entry. The error rate for more complex logic errors is about 5%, based primarily on data on other pages, especially the program development page.