"[...] as the planning process proceeds to a specific financial or marketing state, it is usually discovered that a considerable body of 'numbers' is missing, but needed numbers for which there has been no regular system of collection and reporting; numbers that must be collected outside the firm in some cases. This serendipity usually pays off in a much better management information system in the form of reports which will be collected and reviewed routinely." (William H. Franklin Jr., Financial Strategies, 1987)
"The big part of the challenge is that data quality does not improve by itself or as a result of general IT advancements. Over the years, the onus of data quality improvement was placed on modern database technologies and better information systems. [...] In reality, most IT processes affect data quality negatively, Thus, if we do nothing, data quality will continuously deteriorate to the point where the data will become a huge liability." (Arkady Maydanchik, "Data Quality Assessment", 2007)
"The corporate data universe consists of numerous databases linked by countless real-time and batch data feeds. The data continuously move about and change. The databases are endlessly redesigned and upgraded, as are the programs responsible for data exchange. The typical result of this dynamic is that information systems get better, while data deteriorates. This is very unfortunate since it is the data quality that determines the intrinsic value of the data to the business and consumers. Information technology serves only as a magnifier for this intrinsic value. Thus, high quality data combined with effective technology is a great asset, but poor quality data combined with effective technology is an equally great liability." (Arkady Maydanchik, "Data Quality Assessment", 2007)
"Although performance measurement is often linked to tools such as scorecards, dashboards, performance targets, indicators and information systems, it would be naïve to consider the measurement of performance as just a technical issue. Indeed, measurement is often used as a way of attempting to bring clarity to complex and confusing situations." (Dina Gray et al, "Measurement Madness: Recognizing and avoiding the pitfalls of performance measurement", 2015)
"The concept of programmed decisions is important because the ultimate (and unachievable) goal of information systems is to provide purely programmed decisions. Because this is not possible, we seek to provide the optimum type of information to the human decision-maker, who then makes non-programmable decisions. Decisions lend themselves to programming techniques if they are repetitive and routine, and if a procedurs can be worked out for handling them so that each is neither an ad hoc decision nor one to be treated as a new situation each time it arises." (C S V Murthy, "Data and Businesss Analytics", 2020)
"Timeliness means that information is available when it is needed. Most managers function in a dynamic environment of change, demands updated and current information. Computerised information systems have the ability to gather, sort, analyse, store, retrieve, and transmit large amounts of information in a very short period of time. Completeness of information is the extent to which information is all there." (C S V Murthy, "Data and Businesss Analytics", 2020)
"Understanding complex information systems begins with a clear understanding of information and its general characteristics. Information can be considered as the very blood of an organisation, but it must be properly understood and appropriately distinguished from data. Too many times, the terms ‘data’ and ‘information’ are used interchangeably, but the terms most clearly mean entirely different things. Data should be defined as raw, unsummarised and unanalysed facts. Information is data that has been presented in such a way as to alter the receiver’s understanding. Data are the raw materials from which information is derived. This is a necessary distinction for the manager to make, because loads of data can be generated, without producing even one iota of useful information." (C S V Murthy, "Data and Businesss Analytics", 2020)
"A data architecture defines a high-level architectural approach and concept to follow, outlines a set of technologies to use, and states the flow of data that will be used to build your data solution to capture big data. [...] Data architecture refers to the overall design and organization of data within an information system." (James Serra, "Deciphering Data Architectures", 2024)
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