14 Point Criteria for Defining The Value of Information (VoI)

The Value of Information (VoI), like opportunity cost, it's easy to define but often hard to internalize.

14 Point Criteria for Defining The Value of Information (VoI)

Image Attribute: IndraStra Creatives

The Value of Information (VoI) is a concept from decision analysis: how much answering a question allows a decision-maker to improve its decision. Like opportunity cost, it's easy to define but often hard to internalize. 

The VoI is sometimes distinguished as Value of Perfect Information, also called Value of Clairvoyance (VoC), and Value of Imperfect Information. They are closely related to the widely known expected value of perfect information and expected value of sample information. Kindly Note - VoI is not necessarily equal to "value of decision situation with perfect information" - "value of current decision situation" as commonly understood. 

For example, consider two army commanders in a war at two different battle fronts. One of the commanders has an adequate supply of ammunition, food ration, and drinking water (more than he could desire) for his battalion and another has exhausted his supplies. If one were to approach these two individuals with information about a "drinking water well" in the surrounding, such information will obviously have greater value for the one who has exhausted his water supply. For the one who is thirsty, this information is the most valuable piece of information for him at that point of time as it will determine if his troops will survive. If by chance the information reaches this thirsty battalion late and his troops start dying out of thirst, then the value of the same information becomes zero. So we can see that the same information can have a different value for different people at different points in time. Hence, it will be quiet fair to conclude that value of information is relative. There is no absolute value of information.

Data is all about the collection of facts in a capsulated form. Multiple-Data capsules form Information stack which in turn creates knowledge. In a layman's term - the knowledge can be described as a mix of information, understanding, capability, experience, skills, and values. The real question is what we derive out of that knowledge? And, the answer is Wisdom, which can be described as the ability to think and act using the knowledge which has been built up on the information stack and data capsules. [1]

When applying the Rowley's DIKW (Data-Information-Knowledge-Wisdom) pyramid [2] in a business context, the process of moving up from data to wisdom could be described as business intelligence, mainly because business data has the potential to result in business knowledge and wisdom.

Image Source: DIKW pyramid: data, information, knowledge, and wisdom / Source: Wikipedia

Image Source: DIKW pyramid: data, information, knowledge, and wisdom / Source: Wikipedia

Criteria which defines the value of information*:

1. Accuracy/precision/correctness - Information should be precise and close to reality. Also, information should be free of distortion, bias, or errors.

2. Consistency - The information should be free of contradictions or convention breaks.

3. Applicability  - Information should be able to be applied directly.

4. Clarity/format - Information should be well, understandable and clearly presented to the user.

5. Comprehensiveness/completeness - The scope of information should be adequate. There should be not too much nor too little
information

6. Conciseness - The information should be to the point and should void of unnecessary elements.

7. Convenience - The information should correspond to the user’s needs and habits

8. Currency - The information should up-to-date and not obsolete

9. Traceability - The background of the information should be traceable, such as the used data, author(s)

10. Accessibility - The information should be continuously accessible without not too many obstructions

11. Flexibility - The information should be able to adapt to (the changing demands of) the user?

12. Integration - The system should allow data to be integrated from various sources

13. Reliability - The system operation should be reliable

14. Timeliness/Speed - The information should be processed and delivered rapidly without delays. The information should also match the user’s working pace

* Most important criteria joined from Eppler (2003) [3] and Wixom & Todd (2005)[4]

When evaluating information-based products, the efficiency, effectiveness, context coverage can be measured by using quantitative data. The other criteria are mainly qualitative and subjective. Do note, the subjective value approach varies widely with individuals. In the subjective valuation of information, no probabilities are calculated. The subjective value of information is the person's (receiver's) comprehensive impression about the information content. To measure all criteria quantitatively surveys with Likert scales are required for instance.

But, when assessing the value of future information products, it can be challenging because the information cannot be used yet. When creating information products it is recommended to keep the usability criteria in mind. For some criteria, it is possible to measure their value by making estimations. Thus, we can say that the issue of the value of future information is a complicated one.

However, the normal mathematical and economical explanation of the VoI suggests that if an event occurs whose expectation was low and information of its occurrence is known then such information is valuable. For example, let us say that the reader of this text, a soldier manning the Doka La pass gets the information that China is going to escalate its troop movement across the pass and epicenter of the conflict will be the very spot on which he is located, then that information is more valuable to him than the information (say) that he has to report at officer's mess for a dinner event with his colleagues. In the former case the information is more valuable to him as he is not expecting it but in the latter case he already knows the information with certainty and expects it fully and hence the value of such information is less. All decision mechanisms work on this model of information. This suggests the value of information of an event is the negative logarithm of the probability of occurrence of the event. Therefore, the more unlikely the event the more its information tends to have higher value, if communicated correctly. This is also exhibited in our behavior as eons of evolutions have shaped us in a manner that we tend to attach more value to unlikely events.

Conclusion:


When computing VoI, we can't just consider one possible answer, but all possible answers considering their relative likelihood. Secondly, If we don't expect to change in our decision after receiving a certain information, or if we think that the expected value of the information is lower than the cost of the information, it would be better not to run the tests as we can stop computing as soon as we find a positive outcome good enough and likely enough that the VoI so far is higher than the cost. Learning the facts is often fun, but for it to fit into VoI some decision has to depend on that fact. When playing poker, we know what all are- and while that may alter your enjoyment of the hand, it won't affect how any of the players play. We as a watcher shouldn't pay much for that information, but the players would pay quite a bit for it because in high-stakes poker games, the VoI can get rather high.

Recommend for Further Reading:

On the Concept of the Value of Information in Competitive Situations by Jean Pierre Ponssard, Ecole Polytechnique, MANAGEMENT SCIENCE Vol. 22, No. 7, March 1976 | Copyright (C) 1976, The Institute of Management Sciences | Download the Pdf

Decision Analysis 2, The Value of Information, May 2, 2013 | Download the Pdf

References:

[1] [4] Top, J (2015). Information value in a decision making context - A case study and definition of a measurement model, Faculty of Science, Institute for Computing and Information Sciences, Radboud University Nijmegen.

[2] Rowley, J. E. (2007). The wisdom hierarchy: representations of the DIKW hierarchy. Journal of information science, 33(2), 163-180.

[3] Eppler, M. J. (2003). Managing information quality: Increasing the value of information in knowledge intensive
products and processes. Berlin: Springer

[4] Wixom, B. H., & Todd, P. A. (2005). A theoretical integration of user satisfaction and technology acceptance. Information systems research, 16(1), 85-102.
Name

-51,1,3D Technology,2,5G,8,Abkhazia,2,Academics,9,Accidents,19,Activism,1,ADB,12,ADIZ,1,Adults,1,Advertising,30,Advisory,2,Aerial Reconnaissance,11,Aerial Warfare,34,Aerospace,4,Afghanistan,83,Africa,108,Agile Methodology,2,Agriculture,15,Air Crash,9,Air Defence Identification Zone,1,Air Defense,5,Air Force,26,Air Pollution,1,Airbus,4,Aircraft Carriers,5,Aircraft Systems,1,Al Nusra,1,Al Qaida,4,Al Shabab,1,Alaska,1,ALBA,1,Albania,2,Algeria,3,American History,4,AmritaJash,10,Antarctic,1,Anthropology,7,Anti Narcotics,12,Anti Tank,1,Anti-Corruption,3,Anti-dumping,1,Anti-Piracy,2,Anti-Submarine,1,Anti-Terrorism Legislation,1,Antitrust,1,APEC,1,Apple,2,Applied Sciences,2,AQAP,2,Arab League,3,Architecture,1,Arctic,6,Argentina,7,Armenia,26,Army,3,Art,1,Artificial Intelligence,62,Arunachal Pradesh,1,ASEAN,10,Asia,64,Asia Pacific,22,Assassination,2,Asset Management,1,Astrophysics,2,ATGM,1,Atmospheric Science,1,Atomic.Atom,1,Augmented Reality,7,Australia,43,Austria,1,Automation,13,Automotive,124,Autonomous Flight,2,Autonomous Vehicle,2,Aviation,58,AWACS,1,Awards,17,Azerbaijan,14,Azeri,1,B2B,1,Bahrain,9,Balance of Payments,1,Balance of Trade,3,Balkan,10,Baltic,3,Baluchistan,8,Bangladesh,27,Banking,48,Bankruptcy,1,Basel,1,Bashar Al Asad,1,Bay of Bengal,5,BBC,1,Beijing,1,Belarus,3,Belgium,1,Belt Road Initiative,3,Beto O'Rourke,1,BFSI,1,Bhutan,9,Big Data,30,Big Tech,1,Bilateral Cooperation,13,BIMSTEC,1,Biography,1,Biotechnology,2,BISA,1,Bitcoin,7,Black Lives Matter,1,Black Money,2,Black Sea,1,Blockchain,31,Blood Diamonds,1,Bloomberg,1,Boeing,20,Boko Haram,7,Bolivia,6,Bomb,2,Bond Market,1,Book,10,Book Review,17,Border Conflicts,7,Border Control and Surveillance,5,Bosnia,1,Brand Management,14,Brazil,99,Brexit,22,BRI,5,BRICS,16,British,3,Broadcasting,16,Brunei,2,Brussels,1,Buddhism,1,Budget,3,Build Back Better,1,Bulgaria,1,Burma,2,Business & Economy,1004,C-UAS,1,California,5,Call for Proposals,1,Cambodia,6,Cameroon,1,Canada,46,Canadian Security Intelligence Service (CSIS),1,Carbon Economy,8,CAREC,1,Caribbean,9,CARICOM,1,Caspian Sea,2,Catalan,3,Caucasus,9,CBRN,1,Central African Republic,1,Central Asia,74,Central Asian,3,Central Eastern Europe,46,Certification,1,Chad,2,Chanakya,1,Charity,2,Chatbots,1,Chemicals,7,Child Labor,1,Children,4,Chile,10,China,455,Christianity,1,CIA,1,CIS,5,Citizenship,2,Civil Engineering,1,Civil Liberties,4,Civil Rights,2,Civil Society,4,Civilization,1,Clean Energy,4,Climate,62,Climate Change,15,Clinical Research,3,Clinton,1,Cloud Computing,40,Coal,4,Coast Guard,3,Cognitive Computing,12,Cold War,4,Colombia,15,Commodities,3,Communication,8,Communism,3,Compliance,1,Computers,40,Conferences,1,Conflict,80,Conflict Diamonds,1,Conflict Resolution,48,Conflict Resources,1,Congo,1,Construction,4,Consumer Behavior,4,Consumer Price Index,1,COP26,4,Coronavirus,106,Corporate Communication,1,Corporate Governance,4,Corporate Social Responsibility,4,Corruption,4,Costa Rica,2,Counter Intelligence,13,Counter Terrorism,80,COVID,5,COVID Vaccine,5,CPEC,8,CPG,3,Credit,1,Credit Score,1,Crimea,4,CRM,1,Croatia,2,Crypto Currency,12,Cryptography,1,CSTO,1,Cuba,6,Culture,4,Currency,6,Customer Relationship Management,1,Cyber Attack,6,Cyber Crime,2,Cyber Security & Warfare,104,Cybernetics,5,Cyberwarfare,16,Cyclone,1,Cyprus,5,Czech Republic,3,DACA,1,DARPA,3,Data,9,Data Analytics,35,Data Science,2,Database,2,Daughter.Leslee,1,Davos,1,DEA,1,DeBeers,1,Debt,11,Decision Support System,5,Defense,9,Defense Deals,5,Deforestation,2,Democracy,20,Democrats,2,Demonetization,6,Denmark. F-35,1,Denuclearization,1,Diamonds,1,Digital,38,Digital Economy,8,Digital Marketing,2,Digital Transformation,10,Diplomacy,10,Disaster Management,4,Disinformation,1,Diversity & Inclusion,1,Djibouti,2,Documentary,2,Doklam,1,Dokolam,1,Dominica,2,Donald Trump,42,Donetsk,2,Dossier,2,Drones,10,E-Government,2,E-International Relations,1,Earning Reports,2,Earth Science,1,Earthquake,5,East Africa,1,East China Sea,9,eBook,1,ECB,1,eCommerce,11,Econometrics,1,Economic Justice,1,Economics,39,Economy,76,ECOWAS,2,Ecuador,3,Edge Computing,2,Education,61,Egypt,24,Elections,29,Electric Vehicle,11,Electricity,5,Electronics,7,Emerging Markets,1,Employment,12,Energy,309,Energy Policy,28,Energy Politics,24,Engineering,23,England,2,Enterprise Software Solutions,8,Entrepreneurship,15,Environment,46,ePayments,12,Epidemic,6,ESA,1,Ethiopia,3,Eulogy,3,Eurasia,3,Euro,6,Europe,6,European Union,219,EuroZone,5,Exclusive,2,Exhibitions,2,Explosives,1,Export Import,3,F-35,5,Facebook,7,Fake News,3,Fallen,1,FARC,2,Farnborough. United Kingdom,2,FATF,1,FDI,5,Featured,1150,Fidel Castro,1,Fiji,1,Finance,17,Financial Markets,49,Financial Statement,2,Finland,5,Fintech,13,Fiscal Policy,12,Fishery,3,Food Security,22,Forces,1,Forecasting,1,Foreign Policy,12,Forex,2,France,26,Free Market,1,Free Syrian Army,4,Freedom,3,Freedom of Speech,1,FTC,1,Fujairah,97,Fund Management,1,Funding,22,Future,1,G20,6,G24,1,G7,3,Gaddafi,1,Gambia,2,Gaming,1,Garissa Attack,1,Gas Price,16,GATT,1,Gaza,2,GCC,11,GDP,9,GDPR,1,Geneal Management,1,General Management,1,Geo Politics,103,Geography,1,Geoint,14,Geopolitics,5,Georgia,11,Georgian,1,geospatial,8,Geothermal,2,Germany,60,Ghana,3,Gibratar,1,Gig economy,1,Global Trade,88,Global Warming,1,Global Water Crisis,10,Globalization,2,Gold,2,Google,13,Gorkhaland,1,Government,125,GPS,1,Greater Asia,126,Greece,13,Green Bonds,1,Greenland,1,Gross Domestic Product,1,GST,1,Gujarat,6,Gun Control,4,Hacking,4,Haiti,2,Hasan,1,Health,7,Healthcare,71,Heatwave,1,Helicopter,10,Heliport,1,Hezbollah,3,High Altitude Warfare,1,High Speed Railway System,1,Hillary 2016,1,Hillary Clinton,1,Hinduism,2,Hindutva,4,History,10,Home Security,1,Honduras,2,Hong Kong,7,Horn of Africa,5,Housing,11,Houthi,11,Howitzer,1,Human Development,28,Human Resource Management,5,Human Rights,4,Humanitarian,3,Hungary,3,Hunger,3,Hydrocarbon,3,Hydrogen,2,IAEA,2,ICBM,1,Iceland,1,ICO,1,Identification,2,IDF,1,Imaging,2,IMF,68,Immigration,17,Impeachment,1,Imran Khan,1,Independent Media,72,India,536,India's,1,Indian Air Force,18,Indian Army,5,Indian Nationalism,1,Indian Navy,24,Indian Ocean,16,Indices,1,Indo-Pacific,3,Indonesia,17,IndraStra,1,Industrial Accidents,3,Industrial Automation,2,Industrial Safety,4,Inflation,6,Infographic,1,Information Leaks,1,Infrastructure,3,Innovations,22,Insider Trading,1,Insurance,3,Intellectual Property,3,Intelligence,5,Intelligence Analysis,8,Interest Rate,3,International Business,13,International Law,11,International Relations,7,Internet,52,Internet of Things,34,Interview,8,Intra-Government,5,Investigative Journalism,3,Investment,32,Investor Relations,1,IPO,4,Iran,188,Iraq,54,IRGC,1,Iron & Steel,1,ISAF,1,ISIL,9,ISIS,33,Islam,12,Islamic Banking,1,Islamic State,86,Israel,119,IT ITeS,131,Italy,10,Jabhat al-Nusra,1,Jamaica,3,Japan,61,JASDF,1,Jihad,1,Joe Biden,3,Joint Strike Fighter,4,Jordan,7,Journalism,6,Judicial,4,Justice System,3,Kanchin,1,Kashmir,8,Kazakhstan,22,Kenya,5,Kiev,1,Kindle,700,Knowledge Management,3,Kosovo,2,Kurdistan,8,Kurds,10,Kuwait,7,Kyrgyzstan,9,Labor Laws,10,Labor Market,4,Land Reforms,2,Land Warfare,21,Languages,1,Laos,1,Laser Defense Systems,1,Latin America,79,Law,5,Leadership,3,Lebanon,9,Legal,9,LGBTQ,1,Liberalism,1,Library Science,1,Libya,13,Littoral Warfare,2,Livelihood,3,Loans,8,Lockdown,1,Lone Wolf Attacks,2,Lugansk,2,Macedonia,1,Machine Learning,7,Madagascar,1,Mahmoud,1,Main Battle Tank,3,Malaysia,10,Maldives,8,Mali,7,Malware,2,Management Consulting,6,Manpower,1,Manto,1,Manufacturing,14,Marijuana,1,Marine Engineering,3,Maritime,39,Market Research,2,Marketing,38,Mars,2,Martech,9,Mass Media,29,Mass Shooting,1,Material Science,2,Mauritania,1,MDGs,1,Mechatronics,2,Media War,1,Mediterranean,12,MENA,6,Mental Health,4,Mercosur,2,Mergers and Acquisitions,15,Meta,1,Metadata,2,Metals,1,Mexico,10,Micro-finance,4,Microsoft,11,Migration,19,Mike Pence,1,Military,99,Military Exercise,9,Military-Industrial Complex,1,Mining,15,Missile Launching Facilities,5,Missile Systems,51,Mobile Apps,3,Mobile Communications,10,Mobility,4,Modi,7,Moldova,1,Monaco,1,Monetary Policy,5,Money Market,2,Mongolia,8,Monkeypox,1,Monsoon,1,Montreux Convention,1,Moon,4,Morocco,1,Morsi,1,Mortgage,3,Moscow,2,Motivation,1,Mozambique,1,Mubarak,1,Multilateralism,2,Mumbai,1,Muslim Brotherhood,2,Myanmar,25,NAFTA,3,NAM,2,Nanotechnology,4,NASA,13,National Security,5,Nationalism,2,NATO,30,Natural Disasters,10,Natural Gas,29,Naval Base,5,Naval Engineering,19,Naval Intelligence,2,Naval Postgraduate School,2,Naval Warfare,44,Navigation,2,Navy,21,NBC Warfare,2,NDC,1,Negotiations,2,Nepal,12,Neurosciences,6,New Delhi,4,New Normal,1,New York,5,New Zealand,5,News,1055,Newspaper,1,NFT,1,NGO,1,Nicaragua,1,Niger,3,Nigeria,10,Nirbhaya,1,Non Aligned Movement,1,Non Government Organization,4,Nonproliferation,2,North Africa,22,North America,41,North Korea,48,Norway,2,NSA,1,NSG,2,Nuclear,38,Nuclear Agreement,30,Nuclear Doctrine,1,Nuclear Security,44,Obama,3,ObamaCare,2,OBOR,15,Ocean Engineering,1,Oceania,2,OECD,4,OFID,5,Oil & Gas,346,Oil Gas,6,Oil Price,56,Olympics,2,Oman,25,Omicron,1,Oncology,1,Online Education,5,Online Reputation Management,1,OPEC,122,Open Access,1,Open Journal Systems,1,Open Letter,1,Open Source,4,Operation Unified Protector,1,Operational Research,4,Opinion,611,Pacific,5,Pakistan,159,Pakistan Air Force,3,Pakistan Army,1,Pakistan Navy,3,Palestine,21,Palm Oil,1,Pandemic,84,Papal,1,Paper,3,Papers,110,Papua New Guinea,1,Paracels,1,Partition,1,Partnership,1,Passport,1,Patents,2,PATRIOT Act,1,Peace Deal,5,Peacekeeping Mission,1,Pension,1,People Management,1,Persian Gulf,19,Peru,5,Petrochemicals,1,Petroleum,19,Pharmaceuticals,13,Philippines,11,Philosophy,2,Photos,3,Physics,1,Pipelines,5,PLAN,3,Plastic Industry,2,Poland,7,Polar,1,Policing,1,Policy,7,Policy Brief,6,Political Studies,1,Politics,36,Polynesia,3,Population,3,Portugal,1,Poverty,5,Power Transmission,6,President APJ Abdul Kalam,2,Presidential Election,30,Press Release,158,Prison System,1,Privacy,17,Private Equity,1,Private Military Contractors,1,Programming,1,Project Management,4,Propaganda,5,Protests,11,Psychology,3,Public Policy,55,Public Relations,1,Public Safety,7,Publishing,6,Putin,4,Q&A,1,Qatar,101,QC/QA,1,Qods Force,1,Quantum Computing,3,Quantum Physics,4,Quarter Results,2,Racial Justice,2,RADAR,1,Rahul Guhathakurta,4,Railway,7,Raj,1,Ranking,4,Rape,1,RCEP,2,Real Estate,1,Recall,4,Recession,2,Red Sea,2,Referendum,5,Reforms,17,Refugee,23,Regional,4,Regulations,1,Rehabilitation,1,Religion & Spirituality,9,Renewable,13,Reports,37,Repository,1,Republicans,3,Rescue Operation,1,Research,4,Research and Development,20,Retail,36,Revenue Management,1,Risk Management,4,Robotics,8,Rohingya,5,Romania,2,Royal Canadian Air Force,1,Rupee,1,Russia,268,Russian Navy,5,Saab,1,Saadat,1,SAARC,6,Safety,1,SAFTA,1,SAM,2,Samoa,1,Sanctions,3,SAR,1,SAT,1,Satellite,12,Saudi Arabia,122,Scandinavia,6,Science & Technology,335,SCO,5,Scotland,6,Scud Missile,1,Sea Lanes of Communications,4,SEBI,1,Securities,1,Security,6,Semiconductor,3,Senate,4,Senegal,1,SEO,3,Serbia,4,Seychelles,1,SEZ,1,Shale Gas,4,Shanghai,1,Sharjah,12,Shia,6,Shinzo Abe,1,Shipping,5,Shutdown,1,Siachen,1,Sierra Leone,1,Signal Intelligence,1,Sikkim,4,Silicon Valley,1,Silk Route,6,Simulations,2,Sinai,1,Singapore,13,Situational Awareness,16,Smart Cities,7,Social Media Intelligence,40,Social Policy,39,Social Science,1,Socialism,1,Soft Power,1,Software,7,Solar Energy,11,Somalia,5,South Africa,18,South America,45,South Asia,405,South China Sea,31,South East Asia,61,South Korea,42,South Sudan,4,Sovereign Wealth Funds,1,Soviet,2,Soviet Union,7,Space,40,Space Station,2,Spain,8,Special Forces,1,Sports,2,Sports Diplomacy,1,Spratlys,1,Sri Lanka,22,Stamps,1,Startups,43,State of the Union,1,STEM,1,Stephen Harper,1,Stock Markets,18,Storm,2,Strategy Games,5,Sub-Sahara,3,Submarine,13,Sudan,5,Sunni,6,Super computing,1,Supply Chain Management,37,Surveillance,8,Survey,5,Sustainable Development,16,Swami Vivekananda,1,Sweden,3,Switzerland,3,Syria,111,Taiwan,20,Tajikistan,11,Taliban,17,Tamar Gas Fields,1,Tamil,1,Tanzania,4,Tariff,4,Taxation,23,Tech Fest,1,Technology,13,Tel-Aviv,1,Telecom,22,Telematics,1,Territorial Disputes,1,Terrorism,74,Testing,2,Texas,3,Thailand,7,The Middle East,606,Think Tank,288,Tibet,2,TikTok,1,Tobacco,1,Tonga,1,Total Quality Management,2,Town Planning,2,TPP,2,Trade Agreements,13,Trade War,9,Trademarks,1,Trainging and Development,1,Transcaucasus,16,Transcript,4,Transpacific,2,Transportation,39,Travel and Tourism,6,Tsar,1,Tunisia,7,Turkey,73,Turkmenistan,9,U.S. Air Force,3,U.S. Dollar,2,UAE,132,UAV,21,UCAV,1,Udwains,1,Uganda,1,Ukraine,93,Ukraine War,7,Ummah,1,UNCLOS,6,Unemployment,1,UNESCO,1,UNHCR,1,UNIDO,2,United Kingdom,69,United Nations,27,United States,654,University and Colleges,4,Uranium,2,Urban Planning,10,US Army,8,US Army Aviation,1,US Congress,1,US FDA,1,US Navy,15,US Postal Service,1,US Space Force,2,USA,16,USAF,19,UUV,1,Uyghur,3,Uzbekistan,12,Valuation,1,Vatican,1,Vedant,1,Venezuela,18,Venture Capital,3,Victim,1,Videogames,1,Vietnam,18,Virtual Reality,7,Vision 2030,1,VPN,1,Wahhabism,3,War,1,War Games,1,Warfare,1,Water,16,Water Politics,6,Weapons,10,Wearable,2,Weather,2,Webinar,1,WEF,2,Welfare,1,West,2,West Africa,19,West Bengal,2,Western Sahara,2,Whitepaper,2,WHO,3,Wikileaks,1,Wikipedia,1,Wildfire,1,Wildlife,2,Wind Energy,1,Windows,1,Wireless Security,1,Wisconsin,1,Women,10,Women's Right,10,Workshop,1,World Bank,27,World Economy,24,World Peace,10,World War I,1,World War II,3,WTO,6,Wyoming,1,Xi Jinping,9,Xinjiang,1,Yemen,26,Zbigniew Brzezinski,1,Zimbabwe,2,
ltr
item
IndraStra Global: 14 Point Criteria for Defining The Value of Information (VoI)
14 Point Criteria for Defining The Value of Information (VoI)
The Value of Information (VoI), like opportunity cost, it's easy to define but often hard to internalize.
https://4.bp.blogspot.com/-7cxUoWeoLmY/WXGtwBNCzMI/AAAAAAAAPy4/LiCvZcNJPqA1gBNAdZDGzAVDerwOzJs6gCLcBGAs/s640/Downloads52-006.jpg
https://4.bp.blogspot.com/-7cxUoWeoLmY/WXGtwBNCzMI/AAAAAAAAPy4/LiCvZcNJPqA1gBNAdZDGzAVDerwOzJs6gCLcBGAs/s72-c/Downloads52-006.jpg
IndraStra Global
https://www.indrastra.com/2017/07/14-point-criteria-for-defining-VoI-003-07-2017-0030.html
https://www.indrastra.com/
https://www.indrastra.com/
https://www.indrastra.com/2017/07/14-point-criteria-for-defining-VoI-003-07-2017-0030.html
true
1461303524738926686
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content