Wednesday, 31 August 2016

CHAPTER 6: Valuing Organizational Information

ORGANIZATIONAL INFORMATION

-Information is everywhere in an organization
-  Employees must be able to obtain and analyze the many different levels, formats and granularity of organizational information to make decisions
-  Successfully collecting, compiling, sorting and analyzing information can provide tremendous insight into how an organization is performing


-Levels, formats and granularity of organizational information



THE VALUE OF TRANSNATIONAL AND ANALYTICALLY INFORMATION



             THE VALUE OF TIMELY INFORMATION
 -Timeliness is an aspect of information that depends on the situation
 -Real-time information – immediate, up-to-date information
 -Real-time system – provides real-time information in response to query requests

THE VALUE OF QUALITY INFORMATION
-Business decisions are only as good as the quality of the information used to make the decisions
- You never want to find yourself using technology to help you make a bad decision faster

    ·         Characteristics of high-quality information include;



                      Low quality information example;

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