Meaning ● SMB Data Bias Mitigation signifies the systematic processes undertaken by Small and Medium-sized Businesses to identify, assess, and correct inaccuracies arising from skewed data sets used in business intelligence, automation systems, and implementation strategies. As SMBs increasingly rely on data-driven decision-making, addressing data bias becomes crucial for ensuring fair outcomes and preventing unintended discriminatory impacts on customers, employees, or business operations, impacting bottom-line profitability. Failing to address biased data could lead to ineffective marketing campaigns or skewed inventory forecasting, severely impacting profitability for the business.
