John Clift

How information adds value to an organisation.
Information adds value to an organisation by helping in decision making. Decision making is crucial within a business, therefore it is important that the information is accurate, up-to-date, error free, clearly communicated and true. Information can also show a business how it is performing with the use of charts e.g. sales charts. Information can also allow a business to gain a competitive advantage, this is because if a business realises/notices a gap in the market earlier than the competitor, then it can target the new market before its competitors. It is is also because they will be able to compare sales, turnover, profit and losses with their competition.