I don't look at it as just loss of data.
If you are using your computer to monitor your depth and air pressure... if that unit stops doing that for whatever reason. Sure... end the dive. But now how do you know when you've reached a safety stop depth if you don't have anything reporting your depth?
I know this is older, but it does seem to point to a bit of a misunderstanding that I'll reference below.
If you are diving recreationally, and have a computer failure, this is not as dire as it may seem. Time to ascend, but you are likely diving with a buddy, so can do the safety stop as usual.
If the diving is serious enough (mostly outside the realm of this sub-forum), then a redundant dive computer is strongly recommended.
Loosing comms for a moment I get but loosing it multiple times is a hazard.
Also... one of the nice "features" of a computer is the computed bottom time. Near as I can tell with most of the computers out there if they lose comms the bottom timer becomes useless per their instruction manuals.
Losing comms momentarily, and a computer failure are two completely different things. If losing comms multiple times, then something is amiss. I've been diving with AI wireless transmitters for many years. Early on (Oceanic transmitter and Oceanic DC) I noticed a couple short sections with no comms. Never saw it during the dive, but saw it in the profile later. At that point, I was finding which arm, and which side I wanted the transmitter on. Since I've settled on that, I no longer have an issue. I've never seen lost comms during a dive since. I change batteries on a regular basis, so that's one thing I don't have to worry about.
If there is a communication issue between the DC and the transmitter, and that is the only problem, all other functions of the DC will continue to work just fine. It will still calculate your bottom time, NDL, ascent rate, and everything else. It just will not be able to show pressure or calculate your remaining GAS time.
We also found another way to resolve some of the comm issues... Added a ~5" length of hose to the transmitter. So now instead of being directly on the 1st stage it sticks out a little bit. This has provided two things: 1) better communication with the computer and 2) limits someone accidentally trying to hoist a bottle/bc from the first stage and grabbing the transmitter (I've heard more than one story about transmitters being broken by inattentive deck hands).
Some do that. If it works for you then no problems. I mount my transmitter directly to my 1st stage. Works fine. The deck hand grabbing the transmitter as a handle is likely not an issue any more. I could see this being a problem when transmitters first came out, but today, it'd be difficult to find a crew member that hasn't seen lots of transmitters.
Also, on the transmitter failure. Not all transmitters are created equal. Some manufacturers seem to have a hard time with this. Others just seem to work.