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Q:
What can cause data loss in Salesforce?

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There are many things which can contribute to the data loss in Salesforce. Which includes :

Migrating to number, per cent, and money, from other data types.

When you change the date and time

Migrating to multi-select picklist from any other type but except picklist.

Moving from Checkbox, auto number,multi-select picklist to any other types.

Changing text area to phone, URL, email, or text.
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