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The Value of Information

The Value of Information PDF Author: Ramanan Laxminarayan
Publisher: Springer Science & Business Media
ISBN: 9400748396
Category : Business & Economics
Languages : en
Pages : 327

Book Description
The book examines applications in two disparate fields linked by the importance of valuing information: public health and space. Researchers in the health field have developed some of the most innovative methodologies for valuing information, used to help determine, for example, the value of diagnostics in informing patient treatment decisions. In the field of space, recent applications of value-of-information methods are critical for informing decisions on investment in satellites that collect data about air quality, fresh water supplies, climate and other natural and environmental resources affecting global health and quality of life.

The Value of Information

The Value of Information PDF Author: Ramanan Laxminarayan
Publisher: Springer Science & Business Media
ISBN: 9400748396
Category : Business & Economics
Languages : en
Pages : 327

Book Description
The book examines applications in two disparate fields linked by the importance of valuing information: public health and space. Researchers in the health field have developed some of the most innovative methodologies for valuing information, used to help determine, for example, the value of diagnostics in informing patient treatment decisions. In the field of space, recent applications of value-of-information methods are critical for informing decisions on investment in satellites that collect data about air quality, fresh water supplies, climate and other natural and environmental resources affecting global health and quality of life.

The Value of Information

The Value of Information PDF Author: Ramanan Laxminarayan
Publisher: Springer
ISBN: 9789400798083
Category : Business & Economics
Languages : en
Pages : 0

Book Description
The book examines applications in two disparate fields linked by the importance of valuing information: public health and space. Researchers in the health field have developed some of the most innovative methodologies for valuing information, used to help determine, for example, the value of diagnostics in informing patient treatment decisions. In the field of space, recent applications of value-of-information methods are critical for informing decisions on investment in satellites that collect data about air quality, fresh water supplies, climate and other natural and environmental resources affecting global health and quality of life.

The Economic Value of Information

The Economic Value of Information PDF Author: David B. Lawrence
Publisher: Springer Science & Business Media
ISBN: 1461214602
Category : Business & Economics
Languages : en
Pages : 405

Book Description
The Scope of This Book Popular culture often refers to current times as the Information Age, classifying many of the technological, economic, and social changes of the past four deca:les under the rubric of the Information Revolution. But similar to the Iron Age be fore it, the description "Information Age" suggests the idea that information is a commodity in the marketplace, one that can be bought and sold as an item of value. When people seek to acquire information yet complain about information overload, and when organizations invest millions in information systems yet are unable to pinpoint the benefits, perhaps this reflects a difficulty with the as sessment of the value of this commodity relative to its cost, an inability to dis cern the useless from the useful from the wasteful. The Information Age requires us to assess the value, cost, and gain from information, and to do it from several different viewpoints. At the most elementary level is the individual who perceives a need for in formation-her current state of knowledge is insufficient and something needs to be understood, or clarified, or updated, or forecast. There is a universe of al ternative information sources from which to choose, some more informative than others, some more costly than others. The individual's problem is to evalu ate the alternatives and choose which sources to access. An organization comprising many information-seeking employees and agents must take a somewhat broader viewpoint.

Managing Information Quality

Managing Information Quality PDF Author: Martin J. Eppler
Publisher: Springer Science & Business Media
ISBN: 3540247823
Category : Business & Economics
Languages : en
Pages : 312

Book Description
What makes information useful? This seemingly simple and yet intriguing and complicated question is discussed in this book. It examines ways in which the quality of information can be improved in knowledge-intensive processes (such as on-line communication, strategy, product development, or consulting). Based on existing information quality literature, the book proposes a conceptual framework to manage information quality for knowledge-based content. It presents four proven principles to apply the framework to a variety of information products. Five in-depth company case studies show how information quality can be managed systematically. The book uses frequent diagrams and tables, as well as diagnostic questions and summary boxes to make its content actionable.

Theory of Information and its Value

Theory of Information and its Value PDF Author: Ruslan L. Stratonovich
Publisher: Springer Nature
ISBN: 3030228339
Category : Mathematics
Languages : en
Pages : 419

Book Description
This English version of Ruslan L. Stratonovich’s Theory of Information (1975) builds on theory and provides methods, techniques, and concepts toward utilizing critical applications. Unifying theories of information, optimization, and statistical physics, the value of information theory has gained recognition in data science, machine learning, and artificial intelligence. With the emergence of a data-driven economy, progress in machine learning, artificial intelligence algorithms, and increased computational resources, the need for comprehending information is essential. This book is even more relevant today than when it was first published in 1975. It extends the classic work of R.L. Stratonovich, one of the original developers of the symmetrized version of stochastic calculus and filtering theory, to name just two topics. Each chapter begins with basic, fundamental ideas, supported by clear examples; the material then advances to great detail and depth. The reader is not required to be familiar with the more difficult and specific material. Rather, the treasure trove of examples of stochastic processes and problems makes this book accessible to a wide readership of researchers, postgraduates, and undergraduate students in mathematics, engineering, physics and computer science who are specializing in information theory, data analysis, or machine learning.

Value of Information in the Earth Sciences

Value of Information in the Earth Sciences PDF Author: Jo Eidsvik
Publisher: Cambridge University Press
ISBN: 1316432122
Category : Technology & Engineering
Languages : en
Pages : 401

Book Description
Gathering the right kind and the right amount of information is crucial for any decision-making process. This book presents a unified framework for assessing the value of potential data gathering schemes by integrating spatial modelling and decision analysis, with a focus on the Earth sciences. The authors discuss the value of imperfect versus perfect information, and the value of total versus partial information, where only subsets of the data are acquired. Concepts are illustrated using a suite of quantitative tools from decision analysis, such as decision trees and influence diagrams, as well as models for continuous and discrete dependent spatial variables, including Bayesian networks, Markov random fields, Gaussian processes, and multiple-point geostatistics. Unique in scope, this book is of interest to students, researchers and industry professionals in the Earth and environmental sciences, who use applied statistics and decision analysis techniques, and particularly to those working in petroleum, mining, and environmental geoscience.

Information Visualization

Information Visualization PDF Author: Andreas Kerren
Publisher: Springer Science & Business Media
ISBN: 354070955X
Category : Computers
Languages : en
Pages : 184

Book Description
This book is the outcome of the Dagstuhl Seminar on "Information Visualization -- Human-Centered Issues in Visual Representation, Interaction, and Evaluation" held at Dagstuhl Castle, Germany, from May 28 to June 1, 2007. Information Visualization (InfoVis) is a relatively new research area, which focuses on the use of visualization techniques to help people understand and analyze data. This book documents and extends the findings and discussions of the various sessions in detail. The seven contributions cover the most important topics: There are general reflections on the value of information visualization; evaluating information visualizations; theoretical foundations of information visualization; teaching information visualization. And specific aspects on creation and collaboration: engaging new audiences for information visualization; process and pitfalls in writing information visualization research papers; and visual analytics: definition, process, and challenges.

Creating Business Value with Information Technology

Creating Business Value with Information Technology PDF Author: Namchul Shin
Publisher: IGI Global
ISBN: 9781931777919
Category : Business & Economics
Languages : en
Pages : 338

Book Description
"Addressing questions raised by managers and researchers over the last decade on the business value of information technology (IT), this book provides business professionals with a more precise rationale for making IT investments by detailing how computerization does not automatically create business value, but is one essential component that should be coupled with organizational changes such as new strategies, new business processes, and new organizational structures."

Measuring the Value of Information Technology

Measuring the Value of Information Technology PDF Author: Han T. M. van der Zee
Publisher: IGI Global
ISBN:
Category : Business & Economics
Languages : en
Pages : 230

Book Description
Business managers, management consultants and researchers regularly question whether and how the contribution of IT to business performance can be measured. This book contributes to the art and science of the expost valuation of IT, by posing and answering key management questions, offering insights into the value of IT once it has been developed, implemented and used. Measuring the Value of Information Technology empowers its readers to systematically, effectively and consistently measure the value of information technology.

Data Governance

Data Governance PDF Author: Neera Bhansali
Publisher: CRC Press
ISBN: 1439879141
Category : Computers
Languages : en
Pages : 257

Book Description
As organizations deploy business intelligence and analytic systems to harness business value from their data assets, data governance programs are quickly gaining prominence. And, although data management issues have traditionally been addressed by IT departments, organizational issues critical to successful data management require the implementatio