TOPIC 2 AS ICT 0.0 / 5 ? ICTHow information adds value and characteristics of good quality informationASWJEC Created by: abbeyrose52Created on: 23-05-17 20:59 4 WAYS INFORMATION ADDS VALUE: Aids decision making / Monitoring progress / Spot trends / Gain a competitive advantage over competitors 1 of 10 WHAT IS AIDS DECISION MAKING: Simulations can be performed using spreadsheet software to experiment with what if scenarios. 2 of 10 WHAT IS MONITORING PROGRESS: Companies can use ICT to see how well they are performing against targets. 3 of 10 WHAT IS SPOTTING STRENDS: Analysing data and being able to realise when something is out of fashion eg. the sale of tape recorders. 4 of 10 WHAT IS TARGETING REASONING TO GAIN AN ADV OVER COMPETITORS: Buying more of a commodity because sales are good / advertising of a product should be aimed at those who will buy it otherwise it is a waste of time. 5 of 10 CHARACTERISTICS OF GOOD QUALITY INFO: Up-to date / accurate / understandable / complete 6 of 10 UP-TO DATE: Data should always be date stamped / a letter could be sent to a deceased person and distress their family 7 of 10 ACCURATE: Correct and no errors / customers can be sent incorrect items or invoiced incorrectly. 8 of 10 COMPLETE: Must include all info needed to make a decision / not including the postcode on a letter could lead to it being received late. 9 of 10 UNDERSTANDABLE: Data should be clear for the user to understand / a manager could be given a complex table/graph and not be able to interpret it. 10 of 10
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