Information management
Management information
data integrity
information mapping
strategic planning
8. Timeliness of information
Another aspect of information is how up-to-date is it? There are some organisations that simply must work with time-critical information.
Stocks and share trading - billions of pounds change hands based on information that is only a few minutes old - and is out of date a few minutes later! |
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Fire service needs the very latest traffic information to plan the best way to an emergency |
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Electricity company managing the national grid keeps track of second by second demand in order to keep the system working efficiently.
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Telephone companies constantly re-route phone traffic through the least busy parts of their networks in order to avoid bottlenecks. |
Can you think of other time-critical information?
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