All things change, and we change with them

Tuesday 12 April 2011

B203 Block 6 Information Management- the use value of information


Obviously your example will be specific to the organisation you have chosen. However, there are some general points which apply in virtually all circumstances. Information has no value in itself. Its value can come only from the results of decisions and actions based on the information. So its value derives from the value of the change in decision behaviour caused by the information being available. This is balanced against the cost of producing the information.
There is a tendency to assume that more information, or earlier or more up-to-date information is all better information. It may be better information, but only if it improves the resulting decisions. Otherwise it has no value.

No comments:

Post a Comment