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MGTA02H3 (363)
Chapter 3

Chapter 3

3 Pages
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Department
Management (MGT)
Course Code
MGTA02H3
Professor
Chris Bovaird

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Management
Chapter 3: Managing Information systems
Data vs. Information vs. Knowledge
oData: raw fact and figures. (lacks analysis, lack context, useless on its own.
Ex. My mid term mark is 70%
oInformationn: a meaningful interpretation of data. Data analysed and put
into context.
Ex. My midterm mark is 70 %, class average is 65%, highest mark is
85 %.
oKnowledge: through education and experience, the use of information to
make decisions.
Ex. My marks are near the top of the class, I will not drop
Management and will continue my current study habits.
Information system: method of transferring data into information that can be used
for decision making
ouse of technology to assemble data, analyze data to create information, allow
humans to gain knowledge
Telegraph and the morse code allowed the trans continetal rail lines and opened the
markets
Electronic voice transmission: allowed to communicate around the world through
transmission of voice information
Data Communication Networks:
oThe internet: a world wide network of computers, linked together so that they
can communicate with any other computer in the world.
oWorld Wide Web: A system of standards for storing, retrieving, formatting,
and displaying information on the internet.
Web is part of the internet
Why is info technology used?
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Description
Management Chapter 3: Managing Information systems Data vs. Information vs. Knowledge o Data: raw fact and figures. (lacks analysis, lack context, useless on its own. Ex. My mid term mark is 70% o Informationn: a meaningful interpretation of data. Data analysed and put into context. Ex. My midterm mark is 70 %, class average is 65%, highest mark is 85 %. o Knowledge: through education and experience, the use of information to make decisions. Ex. My marks are near the top of the class, I will not drop Management and will continue my current study habits. Information system: method of transferring data into information that can be used for decision making
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