ORGANIZATIONAL INFORMATION
- Information is everywhere in an organization
- Employees must be able to obtain and analyze the many different levels, formats and granularities og organizational information to make decisions
- Successfully collecting, compiling, sorting and analyzing information can provide tremendous insight into how an organization is performing
THE VALUE OF TRANSACTIONAL AND ANALYTICAL INFORMATION
- Transactional Information
- it is a routine activities
- a single business process
- support daily organization
- consist of repetitive activity
- it is store in the database
- Analytical Information
- in shape of report
- to support managerial analysis task
- making decision for the organization
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 good as the quality of the information used to make the decisions
- Characteristics of high-quality information include :
- Low quality information example
UNDERSTANDING THE COSTS OF POOR INFORMATION
UNDERSTANDING THE BENEFITS OF GOOD INFORMATION
• High quality information can significantly improve the chances of making a good decision
• Good decisions can directly impact an organization's bottom line
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