ICT
Data information and knowledge
Value and importance of information
- Created by: Hannah Tucker
- Created on: 11-03-11 14:49
Dara Information and Knowledge
- Data
- Information
- Knowlegde
- Data types
- Bolean
- Integer
- Real
- Text/ String
Data, Information and Knowledge
- Numbers and Facts
- Data that has been processed by a computer
- From applying rules to information
- Can hold one or two values i.e. true/ false, yes/ no
- Whole numbers
- Holds decimal numbers
- Can include numbers and letters i.e. PR13 3LA
Data, Information and Knowledge
- Encoding Data
- Coded Data
Data, Information and Knowledge
- Changing the original data into a shortened version i.e. Jan/ Feb, M/F etc
Advanatges
- Saves money
- Faster to type in
Disadvantages
- Value judgement, fitting into a certain category
- Coarsening data, fitting it into a group
Data, Information and Knowledge
Hardware
Software
Manpower
Data Information and Knowledge
Hardware
To collect, Process and output the data Storage space to store the data Maintaining and buy the equipment
Software Store and process the data Software licences and maintanence agreements
Manpower People empolyed to collect the data, enter it and maintain it Stafftraining People required to analyse the data and produce reports on it
Data, Information and Knowledge
Information as a commodity:
Used for a varity of purposes:
Cost must not outwigh the benefits!
Data, Information and Knowledge
- Decision Making
- Planning
- Controlling
- Recording Transactions
- Measuring Performace
- The greater the benefit the higher the cost for the information
Data, Information and Knowledge
Information MUST be :
Data, Information and Knowledge
- Accurate
- Complete
- Up to date
Value and Importance of Information
Adding Value
Value and Importance of Information
Advantage over other companies
Making decisions- Shop expansion, Opening shopes, Closing shops
Spotting trends- What stock to buy and when
Checking of Progress- Staff efficency
Targeting Resources- Target market
Value and Importance of Information
Time
Value and Importance of Information
Collecting Data
Editing Data
Checking Data
Entering Data
Value and Importance of Information
Financial
Value and Importance of Information
Create an online form
Create a questionnaire
Sufficient Harware
Processing of Data
People collecting Data
Purchasing of Data from other companies
Printing of the forms/ questionnaires
Sufficient security
Value and Importance of Information
Human Resources
Value and Importance of Information
Entering the Data
Editing the Data
Collecting the Data
Checking the Data
Value and Importance of Information
Good Quality Information can add value to a company
Value and Importance of Information
Advertising
More efficient
More successful
Knowledge of the target market
Advantage over other companies
Predict future trends
Value and Importance of Information
Characteristics of Good Quality Information
Value and Importance of Information
- Valid- must be a valid customer
- Reliable- from a reliable source
- Relevant
- Timely
- Accurate
- Understandable
- Up to Date- information from recently not 1990 etc
- Correctly targeted- sent to the people who need it
- Complete- include all the information to help make decisions
Comments
No comments have yet been made