Data vs Information Lecture

Data is raw facts without specific meaning, while information is processed data with a purpose and meaning (correct)

Data is enough to make decisions, while information is raw facts without specific meaning

Data is used to make decisions with context, while information is independent of the data

Data collection relies on information systems, while information is used to manage operations

To innovate and compete in the marketplace

To collect, organize, store, and communicate information (correct)

To manage operations and decision making

To interact with customers and suppliers

To carry out and manage operations, interact with customers and suppliers, and compete in the marketplace (correct)

To process data for decision making

To rely on popular companies for technology advancements

To innovate and make front page news

<p>A group of components that interact to produce information</p> Signup and view all the answers

<p>To manage their operations, interact with customers and suppliers, and compete in the marketplace</p> Signup and view all the answers