Our text identifies three critical categories of financial and risk management that it states must have IQ (and therefore IA) principles applied to them. How would you respond if your boss asked you which one is more important? Why? What should we do about that? The text offers some Common Information Quality Issues that businesses might face; one of these is the very strong potential that the data used by credit evaluation services, like Fair Isaac & Co (www.fico.com) can be based on data that is wrong or incomplete up to 25% of the time. If you were working at a major mortgage provider, what would you recommend to your management that you do about this – given that lawsuits over credit denials based on erroneous creditworthiness data can be very expensive for the company to deal with?
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