Why are timeliness, accuracy, and relevance important in gathering and analyzing data? How might data shape operations management?© BrainMass Inc. brainmass.com December 15, 2022, 8:17 pm ad1c9bdddf
Timeliness is extremely important in gathering and analyzing data because delay in collection and analysis of data will result in delayed output, which may not be useful in decision making in scenarios where timing is critical. For example, data gathering and analysis pertaining to competitive information will not be useful if delays occur in collection and analysis as company will lose valuable market share and sales due to delayed decision making. ...
Why are timeliness, accuracy, and relevance important in gathering and analyzing data?