Valuing Organizational Information
Organizational Information
- Information granularity: refers to the extent of detail within the information(fine and detailed or coars and abstract).
Successfully levels, in varied formats, exhibiting different granularity can provide tremendous insight into how an organization is performing.
The Values of Transactional and Analytical Information
-Transactional Information encompasses all of the information contained within a single business or unit of work, and its primary purpose is to support the performing of daily operational tasks.
- Analytical Information encompasses all organizational information , and its primary purpose is to support the performing of managering analysis tasks.
The Value of Timely Information
-Real time information means immediate, up-to-date information.
-Real time system provide real time information in response to query requests.
The Value of Information
-Business decisions are only as good as the quality of information used to make the decision.
-Hight Quality information
1. Accuracy
2. Completeness
3. Consistency
4. Uniqueness
5. Timeliness
Understand the cost of Poor Information
- Using the wrong information can lead to make the wrong decision. As a consequense wrong decisions can cost time, money, and even reputation.
Understanding the Benefits of good Information
- High quality information does not automatically guarantee that every decision you made is going to be a good one, since people ultimately make decisions. However, hight quality information can significantly improve the chances of making a good decision and irectly increase an organization's bottom line.
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