675020
Description
Mind Map by Lauren Pickett, updated more than 1 year ago
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Created by Lauren Pickett
over 12 years ago
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The Value and Importance of
Information
- The cost of information
- Time
- 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.
- 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.
- Money
- Data processing - Data
needs to be processed
into info, hardware and
software need to be
purchased to to this
- Data Information -
Organastion maintains
database of its
customers, needs to be
accurate and up to date.
- Data processing - Data
needs to be processed
into info, hardware and
software need to be
purchased to to this
- Time
- Human Resources
- Keying in - Data keying
takes time and staff paid
to do it.
- Direct Input -
Automated methods
such as bar code
readers, OMR.
Specialised hardware
needs to be purchased
and staff trained.
- Keying in - Data keying
takes time and staff paid
to do it.
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