We are bombarded with big data and information from all sides.
How do we determine the information we actually need from the data available?
There are two considerations:
Why do we need information? Well, we have have objectives and we need information
to help us achieve them:
So what is good quality information? It needs to be:
We can put these principles into practice as follows:
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What are your objectives?
How accurate does it need to be?
When is the information required?
What information is required to make these decisions?
What decisions have to be made to reduce these risks to an acceptable level?
What are the risks likely to hinder these objectives?