Why must data be timely in order to make information useful? Explain with an example

What will be an ideal response?

Good information requires that data be timely–available in time for its intended use. A monthly report that arrives six weeks late is most likely useless. An information system that tells the user about the poor credit of a customer to which he/she has already shipped goods is unhelpful and frustrating. In some cases, developing systems that provide data in near real time is much more difficult and expensive than producing data a few hours later.