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   Information collection for proper decision-making

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Topic: Information collection for proper decision-making (Read 1138 times)

Tristan01
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Information collection for proper decision-making
« on: May 11^th, 2011, 12:15am »

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Collection of the necessary information is the first basic step in the decision making process. Information about Ernakulam Real Estate can be collected from different sources. The best source of information with respect to the very recent land transactions taking place in a particular area can be gained through the registrar offices located in different jurisdictions. It will give an idea about the various trends over a period of time.

Various sources from within the country and outside will have to be tapped to analyze the inflow of investments into Ernakulam. The inflow of investments from overseas destinations and other parts of the country into this district has had a major say in the real estate developments. In addition, the overseas remittances from the huge expatriate population had a major influence in the property prices. When the investments from the expatriate population declined, there was a sharp fall in the property prices. On the other hand, when the inflow of funds increased, there was a major boom in real estate.

Up-to-date collection of information available through different media must be properly organized to arrive at the right conclusions. In this information age, there is a proliferation of information from all sources. You will have to sieve the available information using different scientific tools and data analysis methodologies. Only then will it become possible to arrive at the right conclusions. If you do not cross check the available information for its authenticity, then you will be forced into wrong investment decisions.

The information obtained must be properly classified and the records must be indexed for faster information retrieval at a later date. Otherwise, information retrieval will become more difficult when urgently required. It is better to properly archive the information gathered once since you need not repeat the exercise once again when in need of information at a later date. The advantage with the information technology (IT) tools is that you can get the necessary information from any part of the globe at a faster pace. Thus, you can save much on money and time.[b][/b]

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rainahuang
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Re: Information collection for proper decision-mak
« Reply #1 on: Sep 26^th, 2017, 3:15am »

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