Saturday, September 21, 2013

LET'S ROCK! CHAPTER 6 : VALUING ORGANIZATIONAL INFORMATION


Organizational information 
Information granularity ~ refers to the extent of detail within the information (fine and detaled or coarse and abstract). Sucessfully levels, in varied formats, exhibiting different granulity can provide tremendous insight into how an organization is performing.



The Value 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 suport the performing of daily operational tasks. Analytical information encompasses all organizational information and its primary purpose os to support the performing of managering analysis tasks.



The Values of Timely Information
Real time information means immediate, up-to-date information. Real time systems provide real time information in response to query request.



The Value of Quality Information
Business decisions are only as good as the quality of information used to make the decision.HIgh quality information = 1. Accuracy 2. Comleteness 3. Consistency 4. Uniqueness 5. Timeliness




Understanding The Costs of Poor Information
Using the wrong information can lead to make the wrong decision. As a consequense wrong decisions can cosy time, money and even reputation.



Understanding The Benefit
High quality information does not automatically guarantee that every decision you made is going to be a good one, since people ultimately make decisons. However, high qulaity information can significantly improve the chances of making a good decision and directly increase an organization's bottom line.

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