Professional Documents
Culture Documents
2
A Modern Management Axiom
INFORMATION
is an
Asset
it has
Value
3
Information Attributes
• Data
• Raw facts
• Atomic vs. Molecular
• Information
• Data w/ relevance & purpose
• Knowledge
• Contextual information, values, rules synthesized to provide
understanding & value
• Tacit (experiences, beliefs, skills) vs. Explicit (structured)
• Intelligence
• Data / information / knowledge organized to infer action
4
Knowledge Management Processes
5
???
6
Information Overload
Information Overload
Processing
Rate
Input Rate
7
Concreteness
Dept. 003
Dept. Sales = $ZZ.YY
003
Sales Dept. 139
Dept. Sales = $XX.XX
139
Data Data
Atoms Molecules
Inference Processing
Fact
Opinion Assimilation Inference
Assumption
Etc.
73
60
08
27
39
91 Σ = ?
80
μ = ?
02
34 median = ?
24
32
03
68
14
31
© Alan F. Dowling 1985, 2017
12
Humans as Statistical Processors
13
Magical #7 ± 2
9 E
18 OB
492 MIS
6341 ECON
26821 ACCTG
858432 •
2164281 •
91258475 •
Nx ? ?
= Nx-x = N0
Nx
15
Information Filters
External
Strategic Managers
Filter #3
Tactical Managers
Other
Information Filter #2
Operations Managers
Filter #1
T** F * * ST PR * * * DE * T
O* THE UN * * * D S * * TE * W**
*E**** * * SH * NG * * *
17
True / False Data
# of True Positives
SENSITIVITY =
# of True Positives + # of False Negatives
19