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Faro Lighthouse · Business case

What bad data really costs

The most expensive data problems are not on any invoice. They show up as slow decisions, conflicting numbers, analysts copying spreadsheets and AI budgets that never pay back. Here is what the research says - and what a data foundation changes.

The market

Data decides who wins. Most companies are not ready.

+97%
higher profit margins at data-driven leaders
MIT CISR, 2024
+62%
faster revenue growth at data-driven leaders
MIT CISR, 2024
67%
of organizations don't trust their data for decisions
Precisely / Drexel LeBow, 2024
>80%
of AI projects fail - twice the rate of other IT projects
RAND Corporation, 2024
43%
of AI pilots are held back by data quality and readiness
Informatica CDO Insights, 2025
21%
of enterprise cloud spend is wasted
Harness, FinOps in Focus, 2025

Hidden costs

Six costs that never appear on an invoice

31%

Delayed decisions

Average share of revenue affected by data quality issues.

Monte Carlo / Wakefield, 2023
59%

Inconsistent KPIs

of organizations don't measure data quality at all - so nobody knows which number is right.

Gartner, 2020
78%

Manual reporting

of an analyst's day goes to preparing and checking data, not to insight.

dbt Labs / Harris Poll, 2025
75%

No governance

of data governance initiatives fail because ownership is unclear.

Info-Tech Research Group, 2024
$12.9M

Poor data quality

Average yearly cost of poor data quality per organization.

Gartner, 2020
80%

Failed AI initiatives

of AI projects fail - burned budget and lasting scepticism.

RAND Corporation, 2024

Problems we solve

Every company thinks it has a data problem. Most don't know which one.

The problem
With Lighthouse
Siloed data. Same source, different numbers in every department.
One data foundation. Consistent numbers across every team.
Inconsistent KPIs. Conflicting reports from identical sources.
One definition per KPI. One number, everywhere.
Manual reporting. Every question needs a ticket and an engineer.
Automated reporting. Live dashboards replace spreadsheet pulls.
Data team as a request queue. Firefighting instead of building value.
Self-service. Engineers ship strategic work, not tickets.
High dependency on IT. Business users can't answer their own questions.
Empowered business users. No IT bottleneck for everyday questions.
Duplicated solutions. The same problem rebuilt by every team.
Reusable data products. Build once, reuse everywhere.
Nobody owns access. Who sees what is nobody's job until an audit.
Security by configuration. Every rule written down and audited.
AI that goes nowhere. The model is fine, the data isn't ready.
AI-ready foundation. Trusted data your AI can use.

Sources

  • MIT CISR (Weill et al., 2024) - top- vs bottom-quartile real-time businesses, 259 C-suite leaders. cisr.mit.edu
  • Precisely / Drexel LeBow (2024) - data integrity trends. lebow.drexel.edu
  • RAND Corporation (Ryseff et al., 2024) - why AI projects fail. rand.org
  • Informatica CDO Insights (2025) - survey of 600 CDOs. informatica.com
  • Harness, FinOps in Focus (2025). harness.io
  • Monte Carlo / Wakefield Research (2023) - survey of 200 data professionals. montecarlo.ai
  • Gartner (2020) - data quality: measurement and average cost (self-reported). gartner.com
  • dbt Labs / Harris Poll (2025) - survey of 510 analysts. getdbt.com
  • Info-Tech Research Group (2024), via InformationWeek. informationweek.com

Client figures come from the Faro implementations described in our success stories. We don't name clients without their consent.