INFORMATION BASED DECISION MAKING

Information Based Decision Making

Information Based Decision Making

Introduction

In today's world it has become essential for the organization to properly, and efficiently manage the essential information as a basis for the development of their business processes. With this boot not saying anything new, but what it is true is that not all banks take insufficient account of the milestones to perform this action to develop efficiently. The information management is concerned with the identification, capture, retrieval, presentation and transmission of data and information from the organization. Once identified and defined information needs, a basic aspect that we consider is how to make the acquisition of it, and in it we will focus in this paper (Neely, & Najjar, 2006, pp. 101-114).

A manager of information is required to think holistically, taking into account the environment in which it operates, along with the culture of the state in which it is operating, and its organization, public and habits, and other places or persons who manage the information. But the information is far related only to specialists. It gives rise to several types of activities: an activity to produce the fit, the spread (what we call publishing activity), search for and then exploit it. On the other hand, there is internal information produced in a service for its own use, or circulating in the structure, there is the information collected on the outside, or it happens if not by request. All these flows are more or less managed. There are stocks that accumulate in the offices, archives crowded. All this is not always taken into account, some organizations take measures, while others leave them fallow, assuming everyone is doing for the search or find. Still others endow tools sophisticated to solve the problem of managing information (Grant et.al, 2001, pp.66-74). This means that what we call management information is actually shared between many actors which include:

All those who work (they produce and manage)

Management (who decides to set up a device)

Information specialists (who manage)

These three dimensions intersect different levels:

The general level / synthetic (identify all devices that exist)

Various local levels (one for each member of staff and that of a service or department)

Cross levels: for example, a project that brings together people belonging to different entities

Task Number 1

Data versus information

Data

The presentation of facts (such as measurements) or concepts that are generated in a computer readable form or placed in an appropriate form is known as data.

Information

Information is useful answer to a specific question. Information is usually extracted or derived from data. Is information when a specific question an answer is given, the increased understanding of the questioner, and enables them to come to a certain goal?

Information has the following aspects:

Structural and syntactic

Semantic (Substantive)

Pragmatic (Relevant to applications)

The ratio of data and information

The terms data and information are very often used in the wrong context. Therefore a few distinguishing features are listed even though it is not possible to strictly separate between data and information:

Semantic aspects (the meaning) is encoded into data often, these codes ...