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07
Январь 2021

10 characteristics of good information

Importance Of Good Information 4 5. It should contain all facts & figures as required by the user. Unless you know who the author is, or a reputable university or government agency backs up the research, then you cannot be sure that the information is reliable. If costs are too high to obtain information an organisation may decide to seek slightly less comprehensive information elsewhere. Database . Here are 10 of these characteristics to consider as you journey through this sometimes uncertain and sometimes turbulent, but always challenging and many times rewarding industry we call healthcare. Accounting information qualitative characteristics are summarized below: In addition to the aforementioned characteristics (i.e., relevance, reliability, comparability, and consistency), the following qualities of accounting information affect its usefulness: understandability, materiality, and … The requested information must have enough detail to provide an acceptable answer. For example if the manager wants to see a summary of the sales figures for the last six months, the information with the right level of detail would show overall figures for each month plus a grand total. If the manager received a complete breakdown of all the sales for all products sold in a large report, this would be seen as the wrong level of detail and wouldn’t really be a summary.  It is important to understand what the person is requesting when presenting the information. Information is incredibly broad and includes elements such as conversations, storytelling, art, writing, knowledge sharing, data visualization and media. Valid information is information that is accurate and reliable so that no mistakes or errors can be made. The reason for this is that if information is invalid, it can lead to the wrong decisions being made. If a business was looking for way to cut costs they may look at their incoming bills such as electricity to try and see where they could save money. Looking at the price of ingredients they use would be relevant to the bakery. Research Needs on the Interaction Between Information Systems and Their Users: Report of a Workshop. This is among the most important characteristics of a good leader. Cost effective This is driven by a range of factors, including a need to improve the efficiency of business processes, the demands of compliance regulations and the desire to deliver new services. Information should be collected from all the sources & provided for decision making. Below are ten traits and qualities successful entrepreneurs have, and tips on how you can get those too. Information needs to be of high quality to be useful and accurate. The information that is accessed is deemed reliable. × 5. The cost of subscribing to microfiche was fairly high; subscribing to the CD-ROM version only slightly less so. Characteristics of good quality information can be defined as an acronym ACCURATE. A video presentation for level 3 BTEC IT on the good characteristics of good information. Businesses used to keep customer details on a card-index system at the customer’s branch. What some consider good quality others might view as poor. In short, much time and energy goes into publishing a book and for that reason we can be reasonably confident that the information is reliable and objective. Obviously this information has value to the bookshops in that they can tell you whether or not you can get the book. A good student has a growth mindset. At operational levels information may need to be accurate to the nearest penny – on a supermarket till receipt, for example. Information that directly relates to the business need. If a bakery was looking at the price of sand, this wouldn’t be relevant information (unless they were somehow incorporating sand in to their products). And that's not nearly as valuable. Much like a ramp for the disabled which ensures easy access, accessible information should be stored in a way the makes it easily accessible at the time it’s needed. For example if it took an hour to look at the sales figures in a cash register and print them, then that information would not be easily accessible. Good information should be easily accessible as the users need to have it as and when they need it. Reliability deals with the truth of information or the objectivity with which it is presented. Wire 10 Characteristics of Really Interesting People Illustrator Jessica Hagy spoke to a room of 200 or so SXSW attendees this afternoon about how not to be boring. Characteristics of Information Good information is that which is used and which creates value. Being able to understand your customers’ needs should be at the centre of every successful business, whether you sell directly to your customers, or to other businesses. Good information is relevant for its purpose, sufficiently accurate for its purpose, complete enough for the problem, reliable and targeted to the right person. It is also communicated in time for its purpose, contains the right level of detail and is communicated by an appropriate channel, i.e. Always keep in mind that information should be available on time, within cost constraints and be legally obtained. Further details of these characteristics related to organisational information for decision-making follows. Information must be on time for the purpose for which it is required. Timely information is information that is given for a correct time period. This gives the rest of the company a chance to extend their own congratulations, as well as something to aspire to in their own roles. Example of Comparability– QoQ (Quarter on Quarter) & YoY (Year on Year comparisons) should be po… List with 10 fundamental characteristics of the debate 1- It is informative . A good piece of writing does not bombard its readers with unnecessary information and ideas, and is entirely focused on the central idea/plot of the writing. Timely Empathetic. A growth mindset is a deeply held belief that a person can learn anything given enough time and effort. By searching their microfiche by publisher they could tell you if a particular book was in print. Complete information enables managers to make better decisions. The book has been written and the author’s name is usually printed for all to see. But nobody keeps the whole country’s telephone books so for numbers further afield you probably phone a directory enquiry number. Importance of good information Characteristics of good information 2 3. When researching for an essay in any subject, we might make straight for the library to find a suitable book. Good information is relevant for its purpose, sufficiently accurate for its purpose, complete enough for the problem, reliable and targeted to the right person. Below we’ll discuss more characteristics of good information in detail… Valid Valid information is information that is accurate and reliable so that no mistakes or errors can be made. Information should be complete in sense. In that situation, the organisation would probably decide that a less costly source of information should be used, even if it may give inferior information. In a debate, complete facts-based information is presented that serves to make the public aware of all the details they need to know about the topic to be addressed. 1984. Whether it is simple information to facilitate everyday activities or sophisticated information to engineer strategic decision-making processes in business, we live on information. This is one of the most important characteristics of database management system. Judging the quality of data requires an examination of its characteristics and then weighing those characteristics according to what is most […] However, I the following is my top 10 list. A good example of availability is a telephone directory, as every home has one for its local area. Reliable At tactical level department heads may see weekly summaries correct to the nearest £100, whereas at strategic level directors may look at comparing stores’ performances over several months to the nearest £100,000 per month. Relevant #1. This includes any data that can be interpreted by the human senses to become knowledge. For example, if an organisation is supplied with information regarding the costs of supplying a fleet of cars for the sales force, and servicing and maintenance costs are not included, then a costing based on the information supplied will be considerably underestimated. For example, if you receive a brochure from a theatre and notice there was a concert by your favourite band yesterday, then the information is too late to be of use. Five characteristics of high quality information are accuracy, completeness, consistency, uniqueness, and timeliness. The following are illustrative examples. Clearly there is a trade-off between level of detail and conciseness. Good information is that which is used and which creates value. Carol Dweck is a Professor of Psychology at Stanford University. There should be no extraneous information. Another good old saying for these scenarios. Many organisations use presentation software and show summary information via a data projector. Accuracy is important. Microfiche was quite expensive and what the bookshops received was essentially a list of books in print. If you’ve ever thought about becoming an entrepreneur, then you need to possess and develop few characteristics. There are essentially 10 qualities of good information: It must be relevant It must also be clear There must be sufficient accuracy The information must be complete The information must also be trustworthy It must be concise Information must be provided in a timely manner It must be communicated to the right person It must… Experience and research shows that good information has numerous qualities.Good information is relevant for its purpose, sufficiently accurate for its purpose, complete enough for the problem, reliable and targeted to the right person. Some of the characteristics below are basic, but well worth mentioning again because of their foundational importance. Compare that to finding information on the Internet where anybody can write unedited and unverified material and ‘publish’ it on the web. It is always up-to-date and stock levels are accurate. Information should contain all the details required by the user. Closely define the objectives of any information reports. one that is understandable to the user. Information kept in a book of some kind is only available and easy to access if you have the book to hand. of information: (1) that which is usually measured by number of bits, gigabytes, terabytes, etc. Experience and research shows that good information has numerous qualities. For business premises, say for a hotel in London, you would probably use the Internet. A good receptionist is one that is able to remain calm even when callers or visitors cause chaos. AGENDA What is information? Correct decision making relies upon accurate information. If your car showed that you were going 20 mph less than you were actually going then this may result in you breaking the law.  In the same way if a sales department gave inaccurate sales information to the finance department, it may result in the incorrect tax information and could land the company in trouble with the tax man. Information received too late will be irrelevant. The user will become frustrated if information contains data irrelevant to the task in hand. Information needs to be accurate enough for the use to which it is going to be put. doi: 10.17226/19358. The characteristics of good information include accuracy, reliability and accessibility to name a few. The relative importance of information for decision-making can increase or decrease its value to an organisation. If you looked at the population of London then this information wouldn’t be fit for purpose. If the customer visited a different branch a telephone call would be needed to check details. Profit and loss analysed by a company would need to access current sales figures and not access past sales figures from several years ago. Also, timely information can be information that is available when it is needed. If a company want to check sales figures for today, timely information would be the information from the cash register, at the time they wanted it. The characteristics of good information include accuracy, reliability and accessibility to name a few. Decision making is fueled by information. We would say that the graph is more concise than the tables of figures as there is little or no extraneous information in the graph or chart. What is relevant for one manager may not be relevant for another. Information goods can be digital or non-digital, commercial or non-commercial, tangible or intangible. For example, a marketing report that includes graphs of statistics will be more concise as well as more aesthetically pleasing to the users within the organisation. The presentation of information is important to the user. 1. To obtain information that is 100% accurate is usually unrealistic as it is likely to be too expensive to produce on time. Washington, DC: The National Academies Press. The value of this information would be high. The survey could cost more than the forecast initial profit from the product. To meet all the needs of the situation, you often have to collect it from a variety of sources. 10 Traits of Awesome Infographics. Information given or used for a business purpose has to be understood by the end user. If a person with very limited IT skills calls a help-desk to try and solve a printing problem, talking to the caller using IT jargon wouldn’t be understood by the end user. Having empathy and being able to put yourself in another person’s shoes helps you to answer the question in a manner which the other person can understand. 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