The information has great impact on decision-making. Although not an absolute value, its value is related to its user and the situation of use.
The normative value of information: Refers to a priori knowledge or preliminary we have about the occurrence of events which are relevant to our decisions (probabilistic).
The realistic value of information: The information recognizing that supports decisions. Actions taken affect performance achievements.
The subjective value of information: Reflects the impression comprised of people for information.
Reduced inventory levels in the line of credit, man hours, increased sales and reduced maintenance costs: Ø Tangible benefits.
Intangible Benefits: Improved decision-making processes; broadens the horizons of planning; extending information bases for decision-making; facilitates data integration.
Investment in information technology does not lead anywhere unless accompanied by an intelligent use of information technologies allow us to manage.
The success, the return on investment in the application of information technology in an organization depends on to help better utilize the information generated in the process. The value of technology is therefore the value that is derived from better use of information captured and managed with technology.
