Pareto principle

The Pareto principle was discovered by the Italian economist and sociologist Vilfredo Pareto. It is also known by as 80-20 rule. The principle states that it is usually possible to achieve 80 percent of the result using only 20 percent of resources. So this is where result and effort are in perfect balance. The EPIQR process is based on this principle and therefore achieves the ideal ratio between data precision and expenditure of time and also cost.

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