BIS300 NKU Information as a resource essay

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in the file there is all the information how will you do and i'll post all the information you will need it

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ASSIGNMENT: You are to compose a 2 - 3 page paper on “Information as a Resource” using your experience from the Marble Market Exercise, your knowledge about business, and any other research you want to do.. This paper should be at least as much about Information as about the Marble Market.

An approach might be to briefly recap:

What did you learn, observe, or figure out, about data and “information” from experiencing the exercise?

What are some of the critical issues around creating information from data?

How did your information (data in perspective) change throughout the exercise?

What would you do different now that you have gone through the exercise once?

In-Class Activity # 2 - INFORMATION as a RESOURCE BIS 300: Management Information Systems BACKGROUND: Good problem solving is information based. As was discussed briefly in class, the “information age” is upon us; but what does that really mean? One way to evaluate the meaning of “information age” is to scrutinize information as a resource based on data. Companies are treating information as a valuable resource. In 2018 organizations will spend billions of dollars storing, retrieving, and analyzing information in efforts to make better decisions which in turn return more to the bottom line. However, while data and information have characteristics that make them similar to other assets (office furniture, raw materials, cash, buildings, employees, etc.); information also has characteristics that make it unique as a resource! ASSIGNMENT: You are to compose a 2 - 3 page paper on “Information as a Resource” using your experience from the Marble Market Exercise, your knowledge about business, and any other research you want to do.. This paper should be at least as much about Information as about the Marble Market. An approach might be to briefly recap: What did you learn, observe, or figure out, about data and “information” from experiencing the exercise? What are some of the critical issues around creating information from data? How did your information (data in perspective) change throughout the exercise? What would you do different now that you have gone through the exercise once? Then extrapolate how this might be applied to a real company, industry, or other entity. Remember the goal of this paper is to apply what you learned from the exercise. Below is a template I suggest you consider for all written work in this class. GRADING CRITERIA: While the grading on written assignments is very subjective, you are guaranteed to lose points for the following; - more than 3 1/2 and less than 2 pages (use 1 inch margins, 12 point, Times New Roman font, 1.5 spacing between lines) - references are not required for this paper, but if you use them, cite them - spelling errors; grammar errors; run-on sentences, etc. (basically, things that cause red and green underlines in Word) - incorrect use of words such as homonyms (their, they’re, there) - using “it’s” or “its” incorrectly - inconsistent logic - late submissions - no name HINTS: - read the paper out loud to yourself or someone else – looking (listening) for bad sentence structure - ALWAYS use “it is” for “it’s” in papers - spell-check the final version - Put your name on the paper!

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Reynolds002
School: University of Virginia

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Information as a resource
The value of data and information cannot be underestimated in the present age.
Businesses consider information to be a valuable resource just like any other that may be owned
by an organization. When properly utilized, information can serve in transforming the fortunes of
a firm for the better. The Marble Market exercise was an eye opener as far as information is
concerned. Various establishments establishment have dedicated immense financial resources to
enable them to collect information and utilize it in ways that can be of benefit to their firms. The
exercise also indicated on the various processes that data is being collected, and later...

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Anonymous
Excellent job

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