Principles of Data Management

INFORMATION IS A KEY BUSINESS RESOURCE

When asked to identify the key resources in any business, most business people will readily name money, people, buildings and equipment. This is because these are the resources that senior business managers spend most time managing. This means that in most businesses there is a clear investment by the business in the management of these resources. The fact that these resources are easy to manage and that the management processes applied to these resources can be readily understood by the layman means that it is seen to be worthwhile investing in their management. It is usually easy to assess how much the business spends on managing these resources and the return that is expected from that investment.