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AIN 1501
Define data
Data are the raw material available for processing into information.
Define information
Information is a set of facts or data organized in such a way that it provides additional
value beyond that of the facts themselves.
The creation of information
Activity
Data
Information
Knowledge
Decision-making
The creation of information (example)
Sale took place
Data are the number of sales for all the days in the year
Information is these numbers processed in totals per month and per year
Knowledge is recognizing which month and areas are best for business
Management makes decisions on where to focus and where to discontinue the
business
The characteristics of information
Accurate
Accessible
Up-to-date information
Detail information
Flexibility
Relevance of information
Cost-effectiveness
Reliability
Timely
Format of information
What is a system
A System is a set of two or more components that serve a common purpose and
interact to achieve a common goal.
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