Data Are Business Assets

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Analysis of Data Driven Introduction : Data Are Business Assets

In today 's modern world of rapid and successive information exchange and constant knowledge transaction , the value of data and information received and transmitted by and among individuals and group holds a real and true significant importance , which they may deem adequate for use and application . However , it must be known that with the numerous technological and technical advancements in society , information quality and dissemination is actually transferred with much sense of immediacy

and haste , as a piece of information a moment ago may very well become obsolete in the next , most particularly from the standpoint of any organization carrying out a particular business , whether it be for profit or not . With many factors and features put into keen assessment Thomas C . Redman emphasizes many vital aspects of figures , facts , and numbers for an organization 's prioritization - the magnitude of why data and information matters , why stress the-early-the-better concernment in managing data and information and others in between - all presented in the introduction of his book , Data Driven : Profiting from Your Most Important Business Asset ' entitled Data Are Business Assets ' As Thomas C . Redman initially discusses , there are three key concepts which make up a favorable and benefiting process and system in managing data and information within an organization . As he first points out First , organizations must provide for the `care and feeding ' of their data and information , just as they do for their capital...