Characteristics of information
All good information has the following characteristics:
The value and usefulness of information are highly subjective, because what is information for one person may not be for another.
Information is good only if it is relevant - that is, pertinent and meaningful to the decision maker.
Information must be delivered at the right time and the right place to the right person.
Information must be free of errors, because erroneous information can result in poor decisions and erode the confidence of users.
Correct information format:
Information must be in the right format to be useful to the decision maker.
Information is said to be complete if the decision maker can satisfactorily solve the problem at hand using that information.
Information is useless if it is not readily accessible to decision makers, in the desired format, when it is needed.
More from this Section
- Closed system
Closed system is a system that neither transmits any information to the outside world ...
- Secure Hyper-text Transport Protocol (S-HTTP)
Secure Hyper-text Transport Protocol (S-HTTP) refers to an extension of HTTP that provides ...
- Social Payment
Social Payment refers to the use of online social networks to send money to another person ...
- Management skills
Management skills refers the ability to use knowledge, behaviors, and aptitudes to perform ...
- Financial and accounting information systems (FAIS)
Financial and accounting information systems are systems that provides information related ...