BBG 101 Lecture Notes - Lecture 15: Usability, Computer Forensics, Business Intelligence
13 Aug 2020
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Document Summary
Data are the raw pieces of information such as a transaction record, a click stroke on an. Information is data to which business context and meaning has been added often in summary format. It is data, which has been filtered, sorted, summarised, prioritised and presented, Reports provide information for example an exception report. Value of information is constantly changing due to the large quantities of information collected by organisations today. The value of information to an organisation is dependent on how each organisation changes its data into information to assist day to day business decision making. Managers require information to assist them to make accurate and timely decisions. Businesses regard information as a commodity and the possession of it as an asset. Today, successful people and businesses are those who control the information, Information is a commodity but has no value in itself its development, access, analysis and presentation. Its value is derived from its understanding and subsequent application.
