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Benefits in Business - Essay Example

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This discussion, Benefits in Business, declares that The benefits of providing free data (such as those of Land Registry site) often outweigh the costs by some significant margin. However, it is not always easy to recognize the benefits than the costs. …
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Benefits in Business
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Download file to see previous pages As the research stresses there are a number of ways of measuring the public sector information (PSI) and approximating the probable benefits of accessing it. The following formula represents the relationship between the benefit and the cost.From this paper it is clear that after preparing a data sheet for the price transaction received at Land Registry for Lincolnshire, the average for the price  was 175102, the count was 1244 and the sum was 217827032. The data for the month of June 2015 was evenly distributed with the highest data being value of cost being 877,500 pounds while the lowest value being 29,000 pounds. The measure of the spread of data shows that the cost of data distribution varies depending on the quantity of data being distributed on the internet. According to Lincolnshire records, the quantity of data distributed in the month of June 2015 amounts to 11 MB. The method used in getting the highest five and the lowest five prices is by arranging the data in an ascending order from the highest value to the lowest value. This makes it easy to identify the first five values and the last five values. These are the values that were used in constructing the table below. Once rearranged in a chronological manner, the post codes will automatically be rearranged in the excel sheet. The South Kesteven town was the only town to have the highest values whiles other towns such as West Lindsey, Lincoln, West Lindsey and East Lindsey experienced lower values. ...Download file to see next pagesRead More
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