Why are timeliness, accuracy, and relevance important in gathering and analyzing data?
How might data shape operations management?
Timeliness, accuracy, and relevance are pertinent in gathering and analyzing data. Timeliness is pertinent in many aspects of business. For obvious reasons, timeliness is important in the gathering and analyzing of data since outdated data may be of less or no use. The faster data is gathered and analyzed, the faster errors or quality issues can be realized and corrected. Consequently, lack of timeliness in gathe