The Value and Importance of Information

Beschreibung

Mindmap am The Value and Importance of Information, erstellt von Lauren Pickett am 25/03/2014.
Lauren Pickett
Mindmap von Lauren Pickett, aktualisiert more than 1 year ago
Lauren Pickett
Erstellt von Lauren Pickett vor mehr als 12 Jahre
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Zusammenfassung der Ressource

The Value and Importance of Information
  1. The cost of information
    1. Time
      1. Collecting the data directly and indirectly. A organisation has to produce a way of collecting info e.g. creating forms, questionaires. Buy information or pay a third party access to data.
      2. Money
        1. Data processing - Data needs to be processed into info, hardware and software need to be purchased to to this
          1. Data Information - Organastion maintains database of its customers, needs to be accurate and up to date.
        2. Human Resources
          1. Keying in - Data keying takes time and staff paid to do it.
            1. Direct Input - Automated methods such as bar code readers, OMR. Specialised hardware needs to be purchased and staff trained.
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