Topic 2 & 3: Value, Importance and Quality of Information Flashcards
What quality criteria must data meet to be valuable to a business?
Must be: Accurate
Up to date
Complete
Should be: Timely
Comprehensive
Relevant
What does AUCTCR stand for?
Accurate Up to date Complete Timely Comprehensive Relevant
In AUCTCR, what does the A stand for?
Accurate
In AUCTCR, what does the U stand for?
Up to date
In AUCTCR, what does the first C stand for?
Complete
In AUCTCR, what does the T stand for?
Timely
In AUCTCR, what does the second C stand for?
Comprehensive
In AUCTCR, what does the R stand for?
Relevant
What are some of the costs associated with ensuring data is high quality?
Employee time Manual data entry Data storage and back-up Third-party services Hardware Maintenance Analysis and reporting
Employee time, manual data entry, data storage and back-up, third-party services, hardware, maintenance, and analysis and reporting are all costs associated with ensuring data is what?
High quality.
Accurate, up to date, complete, timely, comprehensive, relevant are all qualities from a criteria to make sure data is what to a business?
Valuable.
What risks are associated with a customers information not being up to date?
For e-commerce companies, holding out-of-date addresses can lead to orders not being fulfilled.
A business could be taken to court under the Data Protection Act 1998 if an individual is refused a job due to being falsely accused of having a criminal record.
Why could a business end up in court if a customer’s personal information is not managed to high quality standards?
Under the Data Protection Act 1998, anyone who processes personal data must ensure it is both accurate and up-to-date.
If personal data is inaccurate and out-of-date, which law could land a business in court?
The Data Protection Act 1998.
What is unstructured data?
Data that cannot be saved in a spreadsheet or traditional database.
