Accurate, relevant, and timely information is the key to _________.a. data management b. understanding knowledge c. good decision making

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25-08-2022
Business

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Accurate, relevant, and timely information is the key to _________.a. data management b. understanding knowledge c. good decision making

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smecloudbird18 smecloudbird18 · Answer 1 · 2022-08-31T15:13:26+02:00

Accurate, relevant, and timely information is the key to good decision making. The best decisions are made when accurate and timely information is available. Companies should ideally be able to hypothesis a solution to a problem before developing predictive models that could potentially fix the problem.

A team makes a choice based on the information models developed by collaborative technologies. Taking action is the final step in this process; while this isn't a decision-making function, there's no use in making a decision if you're not going to act on it. Analysis is integrating time-bound data into a data warehouse or mart in order to identify trends, whereas delivery entails publishing and sending reports or dashboards to business users.

To learn more about decision making, click here

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