VALUING ORGANIZATIONAL INFORMATION

Hello there mate. For this post, I will talk about the value of organizational information. Information is everywhere in business. Organizational information comes at different levels and in different formats and 'granularities'.Information granularity refers to the extent of detail within the information. 

 

Next, we need to know the value of transactional and analytical information. Transactional information encompasses all of the information contained within a single business process or unit of work, and its primary purpose is to support the performing of daily operational tasks. The example of transactional information is withdrawing cash from ATM.

As for analytical information encompasses all organizational information and its primary purpose is to support the performing of managerial analysis task. Sales and trends are the examples of analytical information. 

Furthermore, we should know the value of timely information. Real time information means immediate, up to date information. Real time systems provide real time information in response to query requests. 

Last but not least is the value of quality information. There are 5 common characteristics of high quality information that we should know, which is: 

1. Accuracy

2. Completeness

3. Consistency

4. Uniqueness

5. Timeliness 

 This post is related to what I have learnt in chapter 6 of MGT300. Later peeps. :)