Levels, Formats and Granulities of organizational information
THE VALUE OF TRANSACTIONAL AND ANALYTICAL INFORMATION
Transactional Information vs analytical information
Transactional information
Encompasses all of the information contained within a single business process or unit of work, and its primary purpose is to support the performing of daily operational tasks.
Analytical information
Encompasses all organizational information, and its primary purpose is to support the performing of managerial analysis tasks.
THE VALUE OF TIMELY INFORMATION
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
- Characterstic of high-quality information include:
- Accuracy
- Completeness
- Consistency
- Uniqueness
- Timeliness
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