Data and Information Mis
2.1. DATA AND INFORMATION
Data
Data is the raw materials from which information is generated. Data are raw facts or observations typically about physical phenomena or business transactions. It appears in the form of text, number, figures or any combination of these. More specifically data are objective measurements of the attributes (the characteristics) of entities (such as people, places, things and events)
According to Loudon and Loudon-
“Streams of raw facts representing events occurring in organizations or the physical environment before they have been organized and arranged into a form that people can understand and use.”
Information
When we process data and convert into a form that is useful and meaningful to the decision maker, it becomes information.
According to James O’Brien-
Information can be defined as data that has been converted into a meaningful and useful context for specific end users. Information is usually subjected to a “value-added” process where- i. Its form is aggregated, manipulated and organized. ii. Its content is analyzed and evaluated, and iii. It is placed in a proper context for a human user.
So, we should view information as processed data placed in a context that gives it value for specific end users.
Data Information
2.2. DIFFERENCE BETWEEN DATA AND INFORMATION
| |Data |Information |
| |We can define data as “Streams of raw facts representing events |Information can be defined as data that has been converted into |
| |occurring in organizations or the physical environment before |a meaningful and useful context for specific end users. |
| |they have been organized and arranged into a form that people | |
| |can understand and use”.
Data
Data is the raw materials from which information is generated. Data are raw facts or observations typically about physical phenomena or business transactions. It appears in the form of text, number, figures or any combination of these. More specifically data are objective measurements of the attributes (the characteristics) of entities (such as people, places, things and events)
According to Loudon and Loudon-
“Streams of raw facts representing events occurring in organizations or the physical environment before they have been organized and arranged into a form that people can understand and use.”
Information
When we process data and convert into a form that is useful and meaningful to the decision maker, it becomes information.
According to James O’Brien-
Information can be defined as data that has been converted into a meaningful and useful context for specific end users. Information is usually subjected to a “value-added” process where- i. Its form is aggregated, manipulated and organized. ii. Its content is analyzed and evaluated, and iii. It is placed in a proper context for a human user.
So, we should view information as processed data placed in a context that gives it value for specific end users.
Data Information
2.2. DIFFERENCE BETWEEN DATA AND INFORMATION
| |Data |Information |
| |We can define data as “Streams of raw facts representing events |Information can be defined as data that has been converted into |
| |occurring in organizations or the physical environment before |a meaningful and useful context for specific end users. |
| |they have been organized and arranged into a form that people | |
| |can understand and use”.