The value of information is rarely higher than the price of hardware and/or software being used to store that information.

Question

Quizplus · Accepted Answer

The value of information can far exceed the cost of hardware and software used to store it. This is because information can have a significant impact on decision-making, productivity, and competitive advantage. Businesses invest in expensive data analysis tools and storage systems because they recognize the value of the insights that can be gained from that information.

The Value of Information Is Rarely Higher Than the Price