When building new databases for a company, what are the benefits of following a formal design method, with respect to database design?

When building new databases for a company, what are the benefits of following a formal design method, with respect to database design? Describe how and why a company can benefit from spending time planning at the beginning of the project, instead of just jumping in and developing the applications to meet the perceived needs
The paper should contain the following information:
-Describe the 3-level architecture.
-Describe data independence.
-Talk about the differences between a data administrator (DA) and a database administrator (DBA).
-Discuss the pros and cons of having a separate DA and DBA or the need for 1 person doing it all.

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