Business Analytics > Data & Database Analytics > What is Information?

What is Information?

Information is the meaning we attach to the data For instance, a red traffic light is a form of data. The meaning we attach to this data (i.e. STOP) is the information. Information is processed, summarised or manipulated data that is useful for decision making. That data is called information which is-

• Accurate- collected from a dependable source and entered without errors.
• Timely- current and kept up to date.
• Useful-useful to the purpose of the information system.
• Relevant- presented within a context that gives it meaning and relevance.
• Secure-protected from deliberate or accidental damage or loss.

 

 

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