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Business Data + Characteristics of High-Quality Information

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Give example of a buisness data that fits five common characteristics of high-quality information. Explain why each characteristic is important to business data and what might happen if the buisness data were of low quality.

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Solution Summary

This solution provides examples of business data that fit the common characteristics of high-quality information. The reason why each characteristic is important is explained, along with the consequences of low quality business data.

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The five common characteristics of high-quality information are accuracy, completeness, uniqueness, timeliness, and consistency. A business example that fits all five characteristics would be proprietary data or trade secrets. The trade secrets must be protected, and are of the most critical, unique pieces of information within the business. ...

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