Information is the key to success for every business. It is important that every business knows the different types of information resources which they can use; because by exercising the power of information, businesses can evaluate their current performance and plan their future progress. To fuel success every business needs a variety of information resources, let’s take a look at the top 4 different types of information resources.
4 Different Types of Information Resources
1. Internal Information
Internal information resource is practically the first source of information for every business; this is the information that already exists. The internal business information can be on many things, like about the employees, about sales or about the customers. By actively analyzing the internal information the owners can get clues on –
- What drives employee satisfaction
- Highly demanded products by customers
- Areas of employee satisfaction and dissatisfaction
- Area of customer’s satisfaction and dissatisfaction
2. Industry Information
There are end numbers of industries and each and every business is a part of one. Hence, gathering information on the latest industry trends, resources and best practices are very important. Business can gather information from associations that serve that particular industry. Outsourcing your industry information requirements would be a good idea to stay updated with all micro level and macro level industry information.
3. Competitive Information
Every business has competitors, and to survive it is very critical to gather information about them. One of the easiest ways to collect information about the competitors today is through the internet. Start searching the internet and also actively participate in the social media to gain a competitive intelligence about what your competitors are doing.
4. The Government
The government is an immensely useful information resource for each and every business as it provides an enormous amount of useful information for business use. It is very important to keep up with the legal and regulatory trends as this is the key area of business information. The best part is that all this information is easily available online.
Now, since you know the different types of business information resources start planning for capturing, analysing and using the information most effective manner. While information can be found by anyone, it is important to understand how relevant the information is. We at ISN have experts who not have a complete knowledge of web sources to extract information. Our deep knowledge about the subject ensures that the information we source is accurate and refined. Hence outsource all your information sourcing to us. With our Online research services stay updated with the most relevant information and gain success.