Episode 136: Lessons Learned from Crisis - Bad Data
b'
Our new mini-series, in partnership with Tealbook, is called \\u201cLessons Learned from Crisis\\u201d \\u2013 it\\u2019s a timely look at how individual businesses, and our industry as a whole, need to learn, adapt and use our findings to inform our shared future.
Over the next four episodes, we\\u2019ll be taking a closer look at the importance of data, managing risk, technological advancements, what COVID-19 has taught us about weathering the storm \\u2013 and how Tealbook can support your business, through good times and bad.
Today in Episode 1, Bad Data, I\\u2018m joined by Tealbook CEO Stephany Lapierre to talk about the potentially devastating impact of poor supplier data, some of the biggest lessons learned from the COVID-19 crisis and exactly how Tealbook can help to revolutionize your data systems.
IN THIS EPISODE WE DISCUSS:
[01.30] Stephanie\\u2019s thoughts on many companies\\u2019 cynical approach to data management, and how it highlights the need for a simple, effective and comprehensive solution to harnessing, unifying and synchronising data.
\\u201cIt\\u2019s not as hard as you think to have good data!\\u201d \\xa0\\xa0\\xa0\\xa0
[03.24] How Stephanie\\u2019s experiences, and the problems she observed, inspired her to found Tealbook.
[09.45] The importance of data-first digital transformation and how Tealbook enhances visibility, identifies opportunities for supplier consolidation and encourages collaboration to simplify data and create \\u2018a single source of truth.\\u2019
[16.08] Bad data, and why it\\u2019s so harmful to business.
\\u201c93% of supply chain and procurement executives claim to have negative impact on their business on a regular basis because of misinformation and poor data quality.\\u201d
[18.49] How Tealbook allows companies to take charge of their data, keeping it up-to-date, accessible and accurate, eliminating bad data.
[24.08] Tealbook\\u2019s amazing community spirit: how they helped over 170 business in the first 3 weeks of the COVID-19 crisis to access key data that enabled them to pivot quickly and effectively, and Tealbook\\u2019s mission to help minority businesses in response to the Black Lives Matter movement.
\\u201cWe offered the market the ability to provide a supplier list for any organisation, in the private and public sector, that had a disrupted supply chain.\\u201d
[29.10] From operating a strong data strategy to employing supplier data platforms, what Tealbook has learned from the COVID-19 crisis and what the industry can learn for the future.
\\u201cDon\\u2019t hope technology will solve your data problem!\\u201d
Head over to Tealbook\\u2019s website now to find out more and discover how they could help you too.
Check out our other podcasts HERE.
'