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Study Finds 94% of Business Spreadsheets Have Critical Errors

A recent study reveals that 94% of spreadsheets used in business decision-making contain errors, highlighting significant risks of financial and operational mistakes. Phys.org reports: Errors in spreadsheets can lead to poor decisions, resulting in financial losses, pricing mistakes, and operationa...

A recent study reveals that 94% of spreadsheets used in business decision-making contain errors, highlighting significant risks of financial and operational mistakes. The study found that most research focuses on testing and fixing spreadsheets after they are created, rather than on early development stages like planning and design. Addressing quality from the beginning can help businesses lower risks and improve the reliability of their decision-making tools.

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