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Lecture Business driven technology: Chapter 6 - Paige Baltzan, Amy Phillips

Chapter 6 - Valuing organizational information. The goals of this chapter are: Describe the broad levels, formats, and granularities of information; differentiate between transactional and analytical information; list, describe, and provide an example of each of the five characteristics of high quality information; assess the impact of low quality information on an organization and the benefits of high quality information on an organization. | UNIT TWO Exploring Business Intelligence UNIT TWO Chapter Six – Valuing Organizational Information Chapter Seven – Storing Organizational Information—Databases Chapter Eight – Accessing Organizational Information—Data Warehouse CHAPTER 6 Valuing Organizational Information LEARNING OUTCOMES 6.1 Describe the broad levels, formats, and granularities of information 6.2 Differentiate between transactional and analytical information LEARNING OUTCOMES 6.3 List, describe, and provide an example of each of the five characteristics of high quality information 6.4 Assess the impact of low quality information on an organization and the benefits of high quality information on an organization ORGANIZATIONAL INFORMATION Information is everywhere in an organization Employees must be able to obtain and analyze the many different levels, formats, and granularities of organizational information to make decisions Successfully collecting, compiling, sorting, and analyzing information . | UNIT TWO Exploring Business Intelligence UNIT TWO Chapter Six – Valuing Organizational Information Chapter Seven – Storing Organizational Information—Databases Chapter Eight – Accessing Organizational Information—Data Warehouse CHAPTER 6 Valuing Organizational Information LEARNING OUTCOMES 6.1 Describe the broad levels, formats, and granularities of information 6.2 Differentiate between transactional and analytical information LEARNING OUTCOMES 6.3 List, describe, and provide an example of each of the five characteristics of high quality information 6.4 Assess the impact of low quality information on an organization and the benefits of high quality information on an organization ORGANIZATIONAL INFORMATION Information is everywhere in an organization Employees must be able to obtain and analyze the many different levels, formats, and granularities of organizational information to make decisions Successfully collecting, compiling, sorting, and analyzing information can provide tremendous insight into how an organization is performing ORGANIZATIONAL INFORMATION Levels, formats, and granularities of organizational information THE VALUE OF TRANSACTIONAL AND ANALYTICAL INFORMATION Transactional information verses analytical information THE VALUE OF TIMELY INFORMATION Timeliness is an aspect of information that depends on the situation Real-time information – immediate, up-to-date information Real-time system – provides real-time information in response to query requests THE VALUE OF QUALITY INFORMATION Business decisions are only as good as the quality of the information used to make the decisions You never want to find yourself using technology to help you make a bad decision faster THE VALUE OF QUALITY INFORMATION Characteristics of high-quality information include: THE VALUE OF QUALITY INFORMATION Low quality information example Understanding the Costs of Poor Information The four primary sources of low quality .