Management information system, information quality, good quality information, information and its meaning

1. Information Quality
Information can be defined as meaningfully
interpreted data.
If we give you a number 28936154213, it does
not make any sense on its own. It is just a raw
data.
However if we say account number:
28936154213, it starts making sense. It
becomes a Bank Account number.

2. Information quality (IQ) is the quality of the content
of information system.
Information quality is the value of information for a
given use.
 It is often defined as: "The fitness for use of the
information provided."
Information is a vital resource for the success of any
organization.

3. Future of an organization lies in using and
disseminating information wisely.
Good quality information placed in right context in
right time tells us about opportunities and problems
well in advance.
Good quality information − Quality is a value that
would vary according to the users and uses of the
information.

4. If the attributes that define quality of information are
of good quality or of high value then the information
is said to have good quality.
High Quality information can significantly improve
the chances of making good decision.
Good decision can directly impact an organizations
bottom line.