ICT

Data information and knowledge

Value and importance of information

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Dara Information and Knowledge

  • Data
  • Information
  • Knowlegde
  • Data types
  • Bolean
  • Integer
  • Real
  • Text/ String
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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
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Data, Information and Knowledge

  • Encoding Data
  • Coded Data
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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
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Data, Information and Knowledge

Hardware

Software

Manpower

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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

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Data, Information and Knowledge

Information as a commodity:

Used for a varity of purposes:

Cost must not outwigh the benefits!

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Data, Information and Knowledge

  • Decision Making
  • Planning
  • Controlling
  • Recording Transactions
  • Measuring Performace
  • The greater the benefit the higher the cost for the information

 

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Data, Information and Knowledge

Information MUST be :

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Data, Information and Knowledge

  • Accurate
  • Complete
  • Up to date
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Value and Importance of Information

Adding Value

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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

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Value and Importance of Information

 

 

 

Time

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Value and Importance of Information

Collecting Data

Editing Data

Checking Data

Entering Data

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Value and Importance of Information

Financial

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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

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Value and Importance of Information

Human Resources

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Value and Importance of Information

Entering the Data

Editing the Data

Collecting the Data

Checking the Data

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Value and Importance of Information

 

 

 

Good Quality Information can add value to a company

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Value and Importance of Information

Advertising

More efficient

More successful

Knowledge of the target market

Advantage over other companies

Predict future trends

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Value and Importance of Information

 

 

 

Characteristics of Good Quality Information

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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 
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