Saturday, September 8, 2007

The importance of timely knowledge

Image from http://www.visitsingapore.com

Last month, I was in Chinatown and parked at the car park at a HDB car park for 5 hours at a rate of $2 per hour.

Last week, I went down to Chinatown again. But this time, I had some available time beforehand. So I tried to find out the parking rates in the vicinity from http://imode.onemotoring.com.sg/. To my surprise, there was a few shopping complexes offering parking at $2 per entry which is 5 times or more cheaper than my previous visit.

This is a really good example of handing the right knowledge on hand. For experienced drivers, they do definitely know which car parks offer cheap parking rates. But for new drivers, if the information has not been put up, then they will have to ask around or learn through the hard way of paying. But I was definitely luckier because I know the right place to search for the information and the information has been put up on the site.
Similarly, for businesses, it is vital to have the accurate information on hand for decision making. Without the timely information or knowledge, it could means reduced profits or even major losses.

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