Data is one of the greatest assets of any educational institution. Data is the building block for virtually every decision taken in HEs so it becomes even dangerous to even think of the effect bad data could have on the overall activity of a HEI institution. However, we thought of it and even dared to research on it and we discovered that it’s one of the quickest ways any HEI can lose money. Bad data costs so much because decision makers rely on it to make decisions about initiatives and financial resources of their institution. Many HEIs waste a lot of money yearly on the wrong initiatives as a result of bad data.