A. Explain the strategic importance of information and describe the characteristics of useful information (value, cost).
B. Explain the basics of capturing, processing, and protecting information and describe how companies can access and share information and knowledg.
Strategic Importance:
Information is a crucial asset in today’s competitive business landscape. It empowers companies to:
Characteristics of Useful Information:
Capturing Information:
Companies gather information from various sources including:
Processing Information:
Raw data needs to be transformed into usable insights. Processing involves:
Protecting Information:
Information security measures are crucial to:
Data confidentiality: Preventing unauthorized access to sensitive information.
Data integrity: Ensuring data accuracy and preventing unauthorized alterations.
Data availability: Guaranteeing information access for authorized users when needed.
Sharing and Accessing Information and Knowledge:
By effectively managing information, companies can gain a significant competitive edge in today’s data-driven economy.