For data to be worth its cost, an appropriate relationship must exist between the cost of data and its value.

Question

Quizplus · Accepted Answer

The cost of obtaining and processing data should be justified by the value that it brings, whether through improved decision-making, increased efficiency, or other benefits. If the cost of data outweighs its value, then it may not be worth the investment. Therefore, an appropriate relationship between the cost and value of data is important to ensure that it is worth the expense.

For Data to Be Worth Its Cost, an Appropriate Relationship