Importance of Information in Business
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Questions and Answers

Raw, unprocessed streams of facts are usually referred to as ______

data

Entries of numbers, text, images or other forms of computerized output are considered ______

data

After data is processed and shaped in a meaningful form useful to a person or computer, it turns into ______

information

Data are streams of ______ facts

<p>raw</p> Signup and view all the answers

Information is data shaped into meaningful ______

<p>form</p> Signup and view all the answers

The difference between data and information is determined mainly by how they are used in a ______ context

<p>business</p> Signup and view all the answers

Enterprises invest in information technology as they have proven to deliver an economic value to the ______

<p>business</p> Signup and view all the answers

If information presents value, it can be considered an ______

<p>asset</p> Signup and view all the answers

Sales information is an obvious asset for decision making and business growth, however storing information without proper analysis turns into a ______

<p>liability</p> Signup and view all the answers

Information Management - Is the collection and management of information from one or more sources and the distribution of that information to one or more ______

<p>audiences</p> Signup and view all the answers

Information Management Main Components ❑ People: Not only those involved in IM, but also the creators and users of data and ______

<p>information</p> Signup and view all the answers

The physical items (computers, filing cabinets, etc.) that store data and information, and any ______ used

<p>software</p> Signup and view all the answers

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