Data is worth its cost when an appropriate relationship exists between the cost of data and its value.

Name: Data is worth its cost when an appropriate relationship exists between the cost of data and its value.
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

Data is only worth its cost when the value it provides is greater than or equal to the cost of acquiring, processing and managing it. Therefore, an appropriate relationship must exist between the cost of data and its value.

Data Is Worth Its Cost When an Appropriate Relationship Exists