The Value of Information

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Publisher : Springer Science & Business Media
ISBN 13 : 9400748396
Total Pages : 327 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis The Value of Information by : Ramanan Laxminarayan

Download or read book The Value of Information written by Ramanan Laxminarayan and published by Springer Science & Business Media. This book was released on 2012-08-14 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

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Publisher : Springer Science & Business Media
ISBN 13 : 1461214602
Total Pages : 405 pages
Book Rating : 4.4/5 (612 download)

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Book Synopsis The Economic Value of Information by : David B. Lawrence

Download or read book The Economic Value of Information written by David B. Lawrence and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Value of Information in the Earth Sciences

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Publisher : Cambridge University Press
ISBN 13 : 1316432122
Total Pages : 624 pages
Book Rating : 4.3/5 (164 download)

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Book Synopsis Value of Information in the Earth Sciences by : Jo Eidsvik

Download or read book Value of Information in the Earth Sciences written by Jo Eidsvik and published by Cambridge University Press. This book was released on 2015-11-19 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Value of Information and Flexibility

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Publisher : Springer Nature
ISBN 13 : 303086989X
Total Pages : 295 pages
Book Rating : 4.0/5 (38 download)

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Book Synopsis Value of Information and Flexibility by : Martin J. Vilela

Download or read book Value of Information and Flexibility written by Martin J. Vilela and published by Springer Nature. This book was released on 2021-10-21 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a consistent methodology for making decisions under uncertain conditions, as is almost always the case. Tools such as value of information and value of flexibility are explored as a means to make more complex and nuanced decisions. The book develops the complete formalism for assessing the value of acquiring information with two novel approaches. Firstly, it integrates the fuzzy characteristics of data, and secondly develops a methodology for assessing data acquisition actions that optimize the value of projects from a holistic perspective. The book also discusses the formalism for including flexibility in the project decision assessment. Practical examples of oil- and gas-related decision problems are included and discussed to facilitate the learning process. This book provides valuable advice and case studies applicable to engineers, researchers, and graduate students, particularly in the oil and gas industry and pharmaceutic industry.

Theory of Information and its Value

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Publisher : Springer Nature
ISBN 13 : 3030228339
Total Pages : 419 pages
Book Rating : 4.0/5 (32 download)

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Book Synopsis Theory of Information and its Value by : Ruslan L. Stratonovich

Download or read book Theory of Information and its Value written by Ruslan L. Stratonovich and published by Springer Nature. This book was released on 2020-01-14 with total page 419 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Information Visualization

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Publisher : Springer Science & Business Media
ISBN 13 : 354070955X
Total Pages : 184 pages
Book Rating : 4.5/5 (47 download)

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Book Synopsis Information Visualization by : Andreas Kerren

Download or read book Information Visualization written by Andreas Kerren and published by Springer Science & Business Media. This book was released on 2008-07-18 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Infonomics

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Publisher : Routledge
ISBN 13 : 1351610694
Total Pages : 326 pages
Book Rating : 4.3/5 (516 download)

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Book Synopsis Infonomics by : Douglas B. Laney

Download or read book Infonomics written by Douglas B. Laney and published by Routledge. This book was released on 2017-09-05 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many senior executives talk about information as one of their most important assets, but few behave as if it is. They report to the board on the health of their workforce, their financials, their customers, and their partnerships, but rarely the health of their information assets. Corporations typically exhibit greater discipline in tracking and accounting for their office furniture than their data. Infonomics is the theory, study, and discipline of asserting economic significance to information. It strives to apply both economic and asset management principles and practices to the valuation, handling, and deployment of information assets. This book specifically shows: CEOs and business leaders how to more fully wield information as a corporate asset CIOs how to improve the flow and accessibility of information CFOs how to help their organizations measure the actual and latent value in their information assets. More directly, this book is for the burgeoning force of chief data officers (CDOs) and other information and analytics leaders in their valiant struggle to help their organizations become more infosavvy. Author Douglas Laney has spent years researching and developing Infonomics and advising organizations on the infinite opportunities to monetize, manage, and measure information. This book delivers a set of new ideas, frameworks, evidence, and even approaches adapted from other disciplines on how to administer, wield, and understand the value of information. Infonomics can help organizations not only to better develop, sell, and market their offerings, but to transform their organizations altogether. "Doug Laney masterfully weaves together a collection of great examples with a solid framework to guide readers on how to gain competitive advantage through what he labels "the unruly asset" – data. The framework is comprehensive, the advice practical and the success stories global and across industries and applications." Liz Rowe, Chief Data Officer, State of New Jersey "A must read for anybody who wants to survive in a data centric world." Shaun Adams, Head of Data Science, Betterbathrooms.com "Phenomenal! An absolute must read for data practitioners, business leaders and technology strategists. Doug's lucid style has a set a new standard in providing intelligible material in the field of information economics. His passion and knowledge on the subject exudes thru his literature and inspires individuals like me." Ruchi Rajasekhar, Principal Data Architect, MISO Energy "I highly recommend Infonomics to all aspiring analytics leaders. Doug Laney’s work gives readers a deeper understanding of how and why information should be monetized and managed as an enterprise asset. Laney’s assertion that accounting should recognize information as a capital asset is quite convincing and one I agree with. Infonomics enjoyably echoes that sentiment!" Matt Green, independent business analytics consultant, Atlanta area "If you care about the digital economy, and you should, read this book." Tanya Shuckhart, Analyst Relations Lead, IRI Worldwide

Managing Information Quality

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Publisher : Springer Science & Business Media
ISBN 13 : 3540247823
Total Pages : 312 pages
Book Rating : 4.5/5 (42 download)

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Book Synopsis Managing Information Quality by : Martin J. Eppler

Download or read book Managing Information Quality written by Martin J. Eppler and published by Springer Science & Business Media. This book was released on 2013-06-05 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

A Matter of Facts

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Publisher : American Library Association
ISBN 13 : 0838937578
Total Pages : 193 pages
Book Rating : 4.8/5 (389 download)

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Book Synopsis A Matter of Facts by : Laura A. Millar

Download or read book A Matter of Facts written by Laura A. Millar and published by American Library Association. This book was released on 2021-03-04 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: The safeguarding of authentic facts is essential, especially in this disruptive Orwellian age, where digital technologies have opened the door to a post-truth world in which "alternative facts" can be so easily accepted as valid. And because facts matter, evidence matters. In this urgent manifesto, archives luminary Millar makes the case that authentic and accurate records, archives, data, and other sources of documentary proof are crucial in supporting and fostering a society that is respectful, democratic, and self-aware. An eye-opening treatise for the general public, an invaluable resource for archives students, and a provocative call-to-arms for information and records professionals, Millar's book explains the concept of evidence and discusses the ways in which records, archives, and data are not just useful tools for our daily existence but also essential sources of evidence both today and in the future; includes plentiful examples that illustrate the critical role evidence plays in upholding rights, enforcing responsibilities, tracing family or community stories, and capturing and sharing memories; and examines the impact of digital technologies on how records and information are created and used. With documentary examples ranging from Mesopotamian clay tablets to World War II photographs to today’s Twitter messages and Facebook posts, Millar’s stirring book will encourage readers to understand more fully the importance of their own records and archives, for themselves and for future generations.

Invasive Species

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Publisher : Cambridge University Press
ISBN 13 : 052176596X
Total Pages : 427 pages
Book Rating : 4.5/5 (217 download)

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Book Synopsis Invasive Species by : Andrew P. Robinson

Download or read book Invasive Species written by Andrew P. Robinson and published by Cambridge University Press. This book was released on 2017-06-08 with total page 427 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews the latest risk-based techniques to protect national interests from invasive pests and pathogens before, at and within national borders.

Data Governance

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Publisher : CRC Press
ISBN 13 : 1439879141
Total Pages : 257 pages
Book Rating : 4.4/5 (398 download)

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Book Synopsis Data Governance by : Neera Bhansali

Download or read book Data Governance written by Neera Bhansali and published by CRC Press. This book was released on 2013-06-17 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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

Rational Decisions

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Publisher : Princeton University Press
ISBN 13 : 1400833094
Total Pages : 216 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis Rational Decisions by : Ken Binmore

Download or read book Rational Decisions written by Ken Binmore and published by Princeton University Press. This book was released on 2008-12-29 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is widely held that Bayesian decision theory is the final word on how a rational person should make decisions. However, Leonard Savage--the inventor of Bayesian decision theory--argued that it would be ridiculous to use his theory outside the kind of small world in which it is always possible to "look before you leap." If taken seriously, this view makes Bayesian decision theory inappropriate for the large worlds of scientific discovery and macroeconomic enterprise. When is it correct to use Bayesian decision theory--and when does it need to be modified? Using a minimum of mathematics, Rational Decisions clearly explains the foundations of Bayesian decision theory and shows why Savage restricted the theory's application to small worlds. The book is a wide-ranging exploration of standard theories of choice and belief under risk and uncertainty. Ken Binmore discusses the various philosophical attitudes related to the nature of probability and offers resolutions to paradoxes believed to hinder further progress. In arguing that the Bayesian approach to knowledge is inadequate in a large world, Binmore proposes an extension to Bayesian decision theory--allowing the idea of a mixed strategy in game theory to be expanded to a larger set of what Binmore refers to as "muddled" strategies. Written by one of the world's leading game theorists, Rational Decisions is the touchstone for anyone needing a concise, accessible, and expert view on Bayesian decision making.

GEOValue

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Publisher : CRC Press
ISBN 13 : 1498774520
Total Pages : 357 pages
Book Rating : 4.4/5 (987 download)

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Book Synopsis GEOValue by : Jamie Kruse

Download or read book GEOValue written by Jamie Kruse and published by CRC Press. This book was released on 2017-11-15 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: Quantifying the social and economic value that geospatial information contributes to modern society is a complex task. To construct reliable and consistent valuation measures requires an understanding of the sequence of processes that starts with data acquisition, and leads to decision-makers’ choices that impact society. GEOValue explores each step in this complex value chain from the viewpoint of domain experts spanning disciplines that range from the technical side of data acquisition and management to the social sciences that provide the framework to assess the benefit to society. The book is intended to provide foundational understanding of the techniques and complexities of each step in the process. As such it is intended to be assessable to a reader without prior training in data acquisition systems, information systems, or valuation methods. In addition, a number of case studies are provided that demonstrate the use of geospatial information as a critical input for evaluation of policy pertaining to a wide range of application areas, such as agricultural and environmental policy, natural catastrophes, e-government and transportation systems.

Measuring the Business Value of Information Technology

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Publisher :
ISBN 13 : 9780976483274
Total Pages : 0 pages
Book Rating : 4.4/5 (832 download)

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Book Synopsis Measuring the Business Value of Information Technology by : David S. Sward

Download or read book Measuring the Business Value of Information Technology written by David S. Sward and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Measuring the Business Value of Information Technology deals with computers/software.

Value-Added Processes in Information Systems

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Author :
Publisher : Praeger
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Value-Added Processes in Information Systems by : Robert Saxton Taylor

Download or read book Value-Added Processes in Information Systems written by Robert Saxton Taylor and published by Praeger. This book was released on 1986 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this volume, the author develops a new approach for the analysis of differing types of informations systems, called the Value-Added Model. This approach is based on the anlaysis of information-use environments and on the system responses to the needs of those environments. The model is applied to a variety of information systems. Document-based systems, academic, public, and special libraries, abstracting and indexing services, and book publishing are among those analyzed. Within decision systems, the author looks at management information systems and decision support systems within the value-added framework.

Information Systems Project Management

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Publisher : AMACOM/American Management Association
ISBN 13 : 9780814428795
Total Pages : 314 pages
Book Rating : 4.4/5 (287 download)

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Book Synopsis Information Systems Project Management by : Jolyon Hallows

Download or read book Information Systems Project Management written by Jolyon Hallows and published by AMACOM/American Management Association. This book was released on 2005 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: Plan, Information Systems Project Management helps you successfully deliver your projects on time, on budget, and with desired results.

The Value of Information Updating in New Product Development

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Publisher : Springer Science & Business Media
ISBN 13 : 3540938338
Total Pages : 216 pages
Book Rating : 4.5/5 (49 download)

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Book Synopsis The Value of Information Updating in New Product Development by : Christian Artmann

Download or read book The Value of Information Updating in New Product Development written by Christian Artmann and published by Springer Science & Business Media. This book was released on 2009-04-21 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing uncertainty in new product development projects for improved valuation and decision making is one of the most complex and challenging problems in operations management. It is important for any corporation depending on the success of new products and innovations. This work shows how uncertainty can be handled and partly resolved by conducting an information update during the development process. It is one of the first comprehensive models that combine statistical decision theory in form of Bayesian analysis with a real options framework for projects exposed to different sources of uncertainty. The proposed framework makes an important theoretical contribution in addressing this problem, while at the same time being of significant value to managers who face the difficult task of evaluating and managing complex product development projects.