Importance of Information in Business

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12 Questions

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

raw

Information is data shaped into meaningful ______

form

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

business

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

business

If information presents value, it can be considered an ______

asset

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

liability

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

audiences

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

information

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

software

Learn about the significance of information as a valuable asset in businesses, supporting operations, decision-making, and overall functionality. Explore how enterprises invest in information technology to achieve economic value and the concept of information as an asset or liability.

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