“You’ve got to get paid for your time; you’ve got to get paid for your intellectual and managerial capacity, and you’ve got to get paid for your money, as well,” he says. “And it’s only after you take those expenses into account that you have really figured out whether you have created value.”
Information management insight
So, how do you acquire the best information possible to gain the knowledge needed to move your business forward?
According to Brad Hilty, Penn State Dairy Alliance information management specialist, acquiring information involves a six-step process which includes data collection, organization, processing, integration, reporting and utilization.
Each of these steps builds upon the previous ones to advance the transformation of data to information. If the system is compromised at any level, the information obtained is useless.