The Value of Information

7 Mar

The Value of Information

Introduction

Information is one of the most important resources for any business. When handled correctly, information can create a significant impact on a business’s success. The challenge, however, lies in finding the information and organising it into a form that can be used.
Many businesses may be unknowingly storing vast amounts of raw data that could easily be turned into valuable information. Having the correct information is vital to making any business decisions, staying ahead of competition and improving productivity, sales and efficiency.
The charachteristics of good information are as follows:

• Accurate
• Timely
• Relevant
• Cost Effective
• Fit for Purpose

In the following blog posts I will outline each in detail using examples.

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