10 characteristics of good information

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It protects unauthorized access of database and makes it more secure. 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. Highlights Tons of Reliable and Interesting Data (Data Density): A great infographic is filled with a lot of meaty, interesting data. Characteristics of Information. Good information is that which is used and which creates value. Much more valuable is a stock system which can tell you instantly whether or not the book is in stock, linked to an on-line system which can tell you if the book exists, where it is available from, the cost and delivery time. Information should be collected from all the sources & provided for decision making. Information should be relevant to the purpose for which it is required. 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. It is always up-to-date and stock levels are accurate. Information that is worth investing time and money in to get help with your business would be cost effective information. For example, if you paid for a survey to be done by a company and it cost you £1,000 and the information gathered increased your profit by £1,500 then this could be seen as cost effective information. Although if you spent £50,000 and only seen an increase of £100 next month, this would not be seen as cost effective. Information that costs less to put together than the profit from analysing and using the information to increase profits is what is cost effective information. Example of Comparability– QoQ (Quarter on Quarter) & YoY (Year on Year comparisons) should be po… Good information is relevant for its purpose, sufficiently accurate for its purpose, complete enough for the problem, reliable and targeted to the right person. Relevant […] Level of Detail Information received too late will be irrelevant. 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. Otherwise, it may not be useful as the basis for making a decision. The characteristics of good information include accuracy, reliability and accessibility to name a few. A good example of availability is a telephone directory, as every home has one for its local area. Unless it contains all details, it is not useful. Whether it is simple information to facilitate everyday activities or sophisticated information to engineer strategic decision-making processes in business, we live on information. In these cases any investment may not be recouped. Information that is obtained for a business purpose should be gathered from a reliable and trustworthy source. If you wanted the information about the population of Birmingham, then Wikipedia might not be seen as a 100% reliable source. If you researched government census data for Birmingham on a government website then this would be seen as an accurate source. The characteristics of good information include accuracy, reliability and accessibility to name a few. Integrity ensures the quality and reliability of database system. The cost of subscribing to microfiche was fairly high; subscribing to the CD-ROM version only slightly less so. Cost effective Understandable by user Somewhat similarly, a thriving business can be started with a simple concept based on good information. Some Internet websites are like vanity publishing, where anyone can write a book and pay certain (vanity) publishers to publish it. Having good information within a business is a vital part of a business’s success. But nobody keeps the whole country’s telephone books so for numbers further afield you probably phone a directory enquiry number. 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. In this article, I talk about top 10 characteristics a good website must possess. Reliable information is information that is gathered from a valid and trusted source and can be relied upon to be correct. An example would be sales information from the sales department which is given to the finance department about the sales figures for a specific period. This is trusted and valid as it comes from an internal source. The information that is input into a data base is presumed to be perfect as well as accurate. Information should be in a form that is short enough to allow for its examination and use. Good information is relevant for its purpose, sufficiently accurate for its purpose, complete enough for the problem, reliable and targeted to the right person. The degree of accuracy depends upon the circumstances. If you continue to use this site we will assume that you are happy with it. Information is meaning that can be communicated. Ideally all the information needed for a particular decision should be available. To obtain information that is 100% accurate is usually unrealistic as it is likely to be too expensive to produce on time. If you looked at the population of London then this information wouldn’t be fit for purpose. Clearly there is a trade-off between level of detail and conciseness. 5. It is probably the first place you look for a local number. What is information ? An example would be bookshops, who have used technology for many years now, with microfiche giving way to computers in the mid to late 1990s. Compare that to finding information on the Internet where anybody can write unedited and unverified material and ‘publish’ it on the web. 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. The presentation of information is important to the user. A good student has a growth mindset. If the customer visited a different branch a telephone call would be needed to check details. However, I the following is my top 10 list. It makes sure that the readers follows along with ease; and does not have to reread a portion or get lost in the details. The information gained would not be relevant to the purpose. × An information good is a product, service, experience or artifact that is valuable to people by virtue of the information it contains. Data that have been organized and processed for a purpose to make it useful for business in decision making, operational support and gaining advantages. Microfiche was quite expensive and what the bookshops received was essentially a list of books in print. 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. You can only really use information confidently if you are sure of its reliability and objectivity. Experience and research shows that good information has numerous qualities. Information must be on time for the purpose for which it is required. We are reasonably confident that the information found in a book, especially one that the library has purchased, is reliable and (in the case of factual information) objective. Timely information is information that is given for a correct time period. 1. Accuracy is crucial; managers must be able to rely on the results of their information systems. Characteristics of good quality information can be defined as an acronym ACCURATE. Accurate It must be suitable. Another good old saying for these scenarios. 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. Research Needs on the Interaction Between Information Systems and Their Users: Report of a Workshop. Information kept in a book of some kind is only available and easy to access if you have the book to hand. While many organizations boast of having good data or improving the quality of their data, the real challenge is defining what those qualities represent. Characteristics of Information Good information is that which is used and which creates value. Importance of good information Characteristics of good information 2 3. Improving information management practices is a key focus for many organisations, across both the public and private sectors. At operational levels information may need to be accurate to the nearest penny – on a supermarket till receipt, for example. Closely define the objectives of any information reports. To meet all the needs of the situation, you often have to collect it from a variety of sources. 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. one that is understandable to the user. Information needs to be of high quality to be useful and accurate. 10 Personality Traits of a Great Receptionist Last updated: August 7, 2020 ... Well, this is a perfect example of why that old saying is an old saying. For example, an organisation requires information on a competitor’s performance that is critical to their own decision on whether to invest in new machinery for their factory. Information should be complete in sense. Below we’ll discuss more characteristics of good information in detail…. The following are illustrative examples. After all, an infographic without any information is -- well -- just a graphic, right? of information: (1) that which is usually measured by number of bits, gigabytes, terabytes, etc. Accuracy is important. Accessible However, this rarely happens; good information is often incomplete. Good information is that which is used and which creates value. Five characteristics of high quality information are accuracy, completeness, consistency, uniqueness, and timeliness. 2. Information gained or used by an organisation may have a great deal of value even if it may not have cost a lot. I have been a practicing career counselor for a long-time, and I have found an abundance of personality traits that are characteristic of successful people. Reliable Source There characteristics of good information include being: valid, reliable, timely, fit-for-purpose, accessible, cost-effective, accurate, relevant, having the right level of detail, from a source that the user has confidence in, and is understandable by the user. 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. And that's not nearly as valuable. Washington, DC: The National Academies Press. ADVERTISEMENTS: For information to be useful to the decision maker, it must have certain characteristics and meet certain criteria. 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. 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. The book has been written and the author’s name is usually printed for all to see. One of the best characteristics a successful business can have is knowing their customers and providing what they are looking for. 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. Complete information enables managers to make better decisions. It should contain all facts & figures as required by the user. 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. There are different ways that good information is achieved and some of these are accurate and reliable information that a business can use. If costs are too high to obtain information an organisation may decide to seek slightly less comprehensive information elsewhere. Information obtained and used should be neededfor decision-making - it doesn't matter how interesting it is. The ability to do intra-firm comparison (within the same company), inter-firm comparison (with other companies), and market sector comparison(comparison within the same market sector) makes accounting information easy to work with. Incomplete information may lead to wrong decisions. The information that is accessed is deemed reliable. It is also communicated in time for its purpose, contains the right level of detail and is communicated by an appropriate channel, i.e. How can we make sure information is relevant? 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. Information can be more easily assimilated if it is aesthetically pleasing. Many organisations use presentation software and show summary information via a data projector. The value of this information would be high. This is not relevant for the manager who wants to know opinions on relative prices of the product and its rivals. 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. We are so used to this system that we cannot envisage what frustrations and inconvenience the older systems gave. Reliability deals with the truth of information or the objectivity with which it is presented. 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. This includes any data that can be interpreted by the human senses to become knowledge. 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… This is one of the most important characteristics of database management system. Empathetic. If you’ve ever thought about becoming an entrepreneur, then you need to possess and develop few characteristics. Good information must be Accurate – good information is based on correct and complete data, and it has been processed correctly as expected. Database . In the project, the information is used for many purposes and when used, it must be good information. The new system is certainly value for money. She is the world’s most recognised student of the mindset trait. 10 Traits of Awesome Infographics. When researching for an essay in any subject, we might make straight for the library to find a suitable book. For example, a market research company may give information on users’ perceptions of the quality of a product. The relative importance of information for decision-making can increase or decrease its value to an organisation. Judging the quality of data requires an examination of its characteristics and then weighing those characteristics according to what is most […] Timely Reliable National Research Council. UNENDING PASSION “Enthusiasm is the sparkle in your eyes, the swing in your gait, the grip of your hand and … 10 characteristics of a good student 1. I will explain how some characteristics will improve how people judge information. Information is incredibly broad and includes elements such as conversations, storytelling, art, writing, knowledge sharing, data visualization and media. 1. Functional A website is designed to serve a purpose, usually to solve a problem. What is relevant for one manager may not be relevant for another. AGENDA What is information? 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. The publisher should have employed an editor and an expert in the field to edit the book and question any factual doubts they may have. Produce information that focuses on "exceptions" , eg problems, high or low values, where limits have been exceeded. Businesses are often criticised for producing too much information simply because their information systems can "do it". For example, it is very common practice to summarise financial data and present this information, both in the form of figures and by using a chart or graph. The user will become frustrated if information contains data irrelevant to the task in hand. Businesses used to keep customer details on a card-index system at the customer’s branch. Always keep in mind that information should be available on time, within cost constraints and be legally obtained. Information should be available within set cost levels that may vary dependent on situation. It brings only consistence and accurate data into the database. As an example, if government statistics based on the last census wrongly show an increase in births within an area, plans may be made to build schools and construction companies may invest in new housing developments. These presentations have usually been well thought out to be visually attractive and to convey the correct amount of detail. 5 6. Information should contain all the details required by the user. 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. Some of the characteristics below are basic, but well worth mentioning again because of their foundational importance. 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 … Now, with centralised computer systems, businesses like banks and building societies can access any customer’s data from any branch. Experience and research shows that good information has numerous qualities. Understandable: ADVERTISEMENTS: Since information is already in a summarized form, it must be understood by the receiver so that he will interpret it correctly. (e.g., “The Library of Congress contains 10 terabytes of information”), and (2) another type that is usually measured by reference to people’s psychological states (e.g., “I am overwhelmed by all the information about the economic meltdown”). By searching their microfiche by publisher they could tell you if a particular book was in print. Carol Dweck is a Professor of Psychology at Stanford University. A video presentation for level 3 BTEC IT on the good characteristics of good information. 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. Information should be easy to obtain or access. Information goods can be digital or non-digital, commercial or non-commercial, tangible or intangible. A list of information types. 1984. Despite his young age, Miller spoke eloquently from a first-person perspective, comparing and contrasting Generation Z with other generations. You have to “keep your wits about you”. 10 Defining Characteristics of Generation Z Recently, I read an article in HR Magazine written by 16-year old Josh Miller , a thought leader on all things Generation Z. 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