Quality of Information Flashcards
What are the characteristics of good quality information?
- Accurate
- Unbiased
- Relevant
- Valid
- Comparable
- Reliable
- Up to date
- Cost effective
- Meet the needs of a user
- Easy to understand
What is the importance of good quality information?
Information is innovative and trustworthy, as it may have been collected by the business itself, which means it may also be more suitable and fitted to the needs of the business
Decision making is more relevant and suitable to the business, as the business can be more efficient with decision making
Supports the business in meeting customer needs
More efficient storage of information
What are the consequences of poor quality information?
Information won’t be as relevant to the business, and thus fit for the purpose it is required for
Can show lack of professionalism, and lead to problems with decision making if it is not of a good standard
Business may face legal consequences, if they publish or share incorrect information, and could be in breach of some of the legislation’s regarding people’s information
Wastage of money on collection poor quality information
