LO2 Information Styles & Quality

Question 1

How to maintain Integrity and Data security within tables & Spreadsheets

Answer 1

Record locking:
Only one user can make edits at any one time
Upholds CIA.

Question 2

What is sensitive data and it’s sub-types?

Answer 2

Sensitive data must be protected from unauthorised acess to maintain the privacy and/or security of an indiviudal or organisation.
Subtypes:
–> Personal Information
Personally identifiable information that can be traced back to an individual.
—> Business Information
Information that poses a risk to a business if obtained by a competitor or te general public. Such as trade secrets.
–> Classified Information
Information belonging to a government body and restricted according to level of sensitivtity such as government top secret information.

Question 3

Impacts on holders of information.

Answer 3

Heavy fines
Imprisonment
Loss of revenue
Loss of reputation
Loss of productivity
Loss of custom

Question 4

Importance of good information?

Answer 4

Can transform the way business works
Aids decision making
Helps innovation
Helps to mitigate business risks

Question 5

Consequences of poor information?

Answer 5

Misinformation
Loss of reputation
Loss of finance
Lack of response to potential risks to business

Question 6

Name the 8 different stages of data analysis

Answer 6

1: Identify need
2: Define scope
3: Identify sources
4: Select information
5: Select tools
6: Process
7: Record
8: Share

Question 7

Categories of Information used by an organisation?

Answer 7

Management and creation.
Management Information Systems.
Marketing, promotion, and sales.
Financial analysis and modeling.
Contact management.
Decision making.
Internal and External Communication.
Big Data.