Storing information is when you file or put away, whether that be into a cabinet or saved onto a hard drive, the information that you have gained.
Retrieving is when you obtain that information that you have stored away to use for relevant matters.
These both play a massive role in ensuring the company performance is as well as it can be and allows things to be done time effectively.
Information is stored away to essentially just make life easier. Obviously, businesses have to do it but by doing so means retrieval of information becomes quicker than if its just placed anywhere. Usually files etc are stored away in cabinets in alphabetical order of the last name and therefore means when going back to look for a file it is easily located. Again, if information is stored on a computer or memory stick, there are different folders to allocate what you’re looking for. For example, at Parkinson Wright for our department of wills and probate, we have a wills and probate folder. Within the folder are also more folders that take you to different aspects of the department. So, if you’re looking for a new client and want to see what information you already have about them you find the folder with their name on it and within it will be any documents we have about them. And as a company as a whole we have a system called ‘Legal Enterprise’ which is where all private and confidential information about all clients are stored under their name and/ or client number. Because of the data protection act, companies and businesses have to make sure files are stored following all the confidentiality procedures in order to provide the service that is promised to be offered.
Whereas information storing is done to make the businesses life easier and to keep the business running smoothly. Information retrieval is done in order to provide clients with quality service. This is because, once its stored away we are aware of where it all is, which means that when the information is required we can have it to hand quickly. Information retrieval isn’t always just for clients, it can be done surveys or marketing purposes and also if other companies may need any information.