Explain How Organisations Use Information

Primary research gives more accurate result then secondary result. It cost a lot as you should research everything yourself or should hire a person. Primary research takes long time to come to conclusion while secondary research takes short time and are easy to research. Primary research is based on raw data and

Secondary data using existing data, as related to new data that is being gathered or have been recently gathered. Information already exist on the topics that are being studied. In quantitative approaches, it is this knowledge that assists one with finding the hypothesis to be examined in the new research. It opens the door for the researcher to further explore and generate new questions for the study. This also allows the researcher to find gaps in the research process. Secondary data sources can be acquired via the

Primary data is data which your business or you find and gather data to analyse. By you or the business finding the data this makes it primary because the data belongs to you making it original. The different ways to gather data is surveys and interviews by collecting data like this makes it original and reliable.

Information can be relative to anything with regards to an organisation. When it comes to customers, it can be their address, telephone number or outstanding payments, when it comes to employees, it can be their appraisals, salaries, again their address and telephone numbers, and for the business, it can be the business’s finances, profits, employee and customer details, and various other information.

Secondary information is data which is derived from primary information and can be found via books, newspapers, internet etc. Secondary information is less reliable than Primary information because you cannot be certain as to how precise it is.

The secondary data comes from report, journals, online database. The main secondary data sources in our project including but not limited to:

Data management is vital to any business as this is a key tool to an organisations business improvement, as you can refer back to data, and compare them against benchmarks. Analysing data can provide evidence for possible future structure such as identify trends, as well as indicate where improvements can be made. However there are strict procedures to be followed when collecting and storing data.

Information is data that has been processed so that it has meaning and value to a recipient,

Data comprises of factual information. Data are the facts from which information is derived. Data is not necessarily informative on its own but needs to be structured, interpreted, analysed and contextualised. Once data undergoes this process, it transforms in to information. Information should be accessible and understood by the reader without needing to be interpreted or manipulated in any way.

It can be trusted as it can be traced back to where the data has come from, what has been done to the data to process it and how it has been collected. Therefore the data can be considered authentic and unbiased. The negatives of primary data is that it can be time consuming and expensive to collect as well as to process the information. However, to make up for these costs businesses often sale on information to recover some of the money lost for the

Based on Caetora and Keaverney’s views, this statement above highlights the major advantage of conducting primary research. It means the fact that the data collected is specific to the firm’s needs to operate abroad. However, the greatest disadvantage

Information is data which is accurate and timely specific and organized for a purpose presented within a context that gives it meaning and relevance. Information can lead to an increase in understanding and decrease in uncertainty.

Primary and secondary sources are ways in which data can be retrieved. As Serakan (2006) stated, “Primary data refer to information obtained by the researcher on the variables of interest for the specific purpose of the study”. Various evidence suggesting to what methods of primary research can be conducted and which are most effective for the previously mentioned problem description are stated in this chapter.

Cons: The data from the secondary research may not be updated regularly. The data may not be tailored to Raph Rashid’s needs. It could also be expensive if you are purchasing many reports on the different kinds of market places.

A) To begin with, Dretske Fred (1994) mentions that a role of information is “To make this work the idea information must be operational in such a way as to give semantic properties a role in information system behaviours.” This therefore suggests that businesses must use information to produce new innovative ideas which could benefit their business for example new packaging of sweets will attract customers to purchase the sweet and this could lead to an increase in sales.