Dissemination and distribution

Dissemination and distribution

Quality of Information

The Value of Information

Good Information adds value to organizations. It aids decision making, the quality of a decision depends on the quality of information. Decision making is crucial within a business, therefore it is important that their information is accurate, up to date and complete. Information can also show a business how it is doing, performance wise. Information can be used to target resources. Information can also allow a business to gain a competitive advantage. This is because they will be able to compare sales, etc with their competition.

Data and Information

1: Data is a random set of numbers
2: Information is processed data
3: Knowledge is what the information tells you
4: Data represents raw materials etc
5: Through knowledge it more more accesible and people understand it more and can build conclusions

Data

• Data is collected from various points
• It consists of different values
• It is stored in data files

Information

• Analysts wish to look over the data
• The data can be processed into charts, graphs etc
• Now it can be used in various ways to help the business