In: Finance
Describe how principles differ from characteristics/qualities of information, and how does this relate to sustainability?
The principles of information enable companies across the public sector in order to become increasingly aligned to its use and management of information (both unstructured and structured).
Principles of information are as follows-
1. Keeping things simple
2. Planning the whole process of information collection
3. Ensuring reliability, credibility and validity
4. Addressing the ethics of information collection.
Characteristics of good information refers to the traits and quality of information.
Characteristics of good information are given below-
It must be relevant
It must be clear
It must be complete
It must be trustworthy
It must be concise
There must be sufficient accuracy
It must be provided in a timely manner
It must be communicated to the right person.
If information posses above said qualities then it would be more sustainable than the information that don't have above said qualities, sustainability of information also depends on the resources from where it is collected. And collection of information is depends on the principles of information followed by the organization.