How Can the Value of the Information Produced by an Accounting

question 27

Essay

How can the value of the information produced by an accounting information system be determined? What would a measurement and verification expert think about quantification and verification of such information?

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Definitions:

Big Data

Extremely large data sets that are analyzed computationally to reveal patterns, trends, and associations, especially relating to human behavior and interactions.

Smart-phone Apps

Software applications designed to run on smartphones, offering a wide range of functionalities, including communication, entertainment, and productivity.

Body-worn Sensors

Devices worn on the body that monitor and collect data on various health and physical activity parameters.

Naturalistic Observation

A research method involving observing subjects in their natural environment without interference.