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On 15/07/2021 at 10:07, HenryFT said:
Information Requirements are clearly key to unlocking value (of all kinds)in the lifecycle of assets. @Al_ and @Matthew I think the spatiotemporal approach in the space time diagram is a great idea.
How do you think we can trace value but specifically for this question the return on investment from Information Requirements development? How important do you think it is to do that?
Hi Henry, Recognising that there is value in having data at the right quality is important. Good quality management practices should be applied, including identifying key performance indicators on how well the information management practices are performing (Plan, Do, Check, Act cycle). It can be very hard to measure the value of data that is not at the right quality, although it is possible to look at issues resulting from it (this can provide some motivation for addressing data quality in the first place). However, once you know what your requirements are, and what it takes to meet them, it is also good practice to look at what improvements are expected as a result of doing this and determine metrics. Continuous improvement is then built in to the information management lifecycle and matched to the lifecycle of the assets that require the information to be managed well.