The Value and Importance of Information

Frage	Antworten
State 3 factors that effect quality of information	Up-to-Date Complete Accurate
Why does data have to be up-to-date?	E.g. If someone dies they wouldn't still want to receive letters. Data should be stamped to be useful
Why does data have to be complete?	E.g. If someone forgets to add the postcode to a parcel then the parcel is delayed. All information is needed
Why does data have to be accurate?	E.g. If a company has the wrong address then the customer won't receive their items. Information must be error free
Why is complete beneficial to an organisation?	1. Complete information aids decision making. 2. Able to target resources to gain a competitive advantage.
Why is up-to-date beneficial to an organisation?	Easier to monitor progress of the company and look at how many staff are hitting targets
Why is accurate beneficial to organisations?	Easier to monitor progress of the company
State the cost, time and human resources for data collection	Cost - consumables (ink and paper) Time - Marketers travel to interview people Human resources - staff will need training for interview techniques
State the cost, time and human resources for data entry	Cost - expensive hardware Time - entering data through keyboard Human resources - cost of training staff
State the cost, time and human resources for processing	Cost - data to be analysed Time - batch processing data takes time Human resources - staff will need training

Zusammenfassung der Ressource

	Erstellt von 09shor1r vor mehr als 9 Jahre