Busimis 1 - Information System Basics What is the...

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Information System Information System Basics Basics
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What is the difference between data and information ?
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What is Data? Individual or separate pieces of raw raw facts, concepts, and ideas derived through different modes of inquiry
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What is Information? Processed data Processed data that is organized, has use, provides meaning, and is important in accomplishing a certain task Data that have a particular meaning within a specific context
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September 1, 2008 5 sunglasses were sold September 4, 2008 10 jackets were sold September 7, 2008 2 sunglasses were sold September 7, 2008 18 jackets were sold September 12, 2008 15 jackets were sold DATA
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Information From September 1 to 12 of 2008, the company was able to sell 7 sunglasses and 33 jackets.
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Qualities of Valuable Information Accurate Information is error free Verifiable Information can be proven as correct or incorrect Timely Information is up-to-date Organized Information is arranged to suit our needs and requirements
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Qualities of Valuable Information Accessible Information is available whenever it is needed Useful Information is relevant and has meaning Cost-Effective Information should give more value than it costs to produce
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Information Resource Your age – a piece of data Information is often aggregated data that has meaning such as average age, youngest and oldest customer, and a histogram of customer ages
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Information Resource BI often combines multiple sets of information – customers, salespeople, and purchases in this case.
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What is the difference between information and knowledge ?
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A concrete expression of thought derived
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This note was uploaded on 07/03/2011 for the course BUSIMIS 101 taught by Professor Dimaranan during the Summer '11 term at De La Salle University.

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Busimis 1 - Information System Basics What is the...

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