What do you think about Ying's approach (See attached file) to the automation of classifying information content for the purpose of managing that information? Does the approach scale for large organizations? How would you try to improve on his approach if it were to be applied in your current work situation? (About 300 words)
Ying's Approach of Information Valuation
Ying's model is aimed to calculate or identify the value of a given piece of information for a specific point of time to manage information properly. This approach is based on two concepts viz. the information value is realized and reflected through its usage as well as information value changes over time (Chen, 2009). Value of information is determined in terms of timeline of accessibility and reliability of information, and on the basis of available constraints and derives. The use of Ying's approach provides insight about information file utility along with its proper timing. ...
This response analyses Ying's approach to the automation of classifying information content for the purpose of managing that information. Use of this approach for large organization and customization of the approach are also discussed.