WEEK 01
REFLECTION IN THIS WEEK
First of all I would like to say that I am really thankful that I met this course because I have learned a lot of things a meaningful and useful thing that I can apply it in my academic studies as well as in my daily life. After going through in this week I have learned a lot of things and meaningful which is useful to me. What I have learned is first we have an ice breaking session for what we have known about the data and information. Our lecturer asked us our views of data and information. So, what I have learned in this week is what you can see in this page. I have learned the data which is a raw facts and the information which is the data is organized and meaningful. Furthermore, data is a collection of facts, figures and statistics related to an object. Information is the manipulated and process form of data.
Explain the difference between data and information, the economics and problems associated with information management
INTRODUCTION
Definition of Data:
-Data is raw facts
-Data can be in the form of numbers, characters, symbols, pictures or even sounds
-it has no significance when it exists in that form.
Definition of Information:
-Information is data that is organized and meaningful
-It is used for making decisions.
-Data is used as input for processing and information is output of this processing.
Computers process data into information
Data and Information
What is data integrity?
Degree to which data is correct
Degree to which data is correct
•Garbage in, garbage out (GIGO)—computer phrase that means you cannot create correct information from incorrect data.
•In today’s economy, information technology (IT) has fundamentally transformed information availability, changing the economics and business practices in a wide range of industries.
•Dramatic changes in information technology and the nature of economic competition are forcing firms to come up with new ways of organizing work.
Economic roles of information
•Information is a result of environmental scan to ensure that there is knowledge of external reality in decision-making.
•Information is used to influence and persuade.
•Information can be a product, a service or a commodity — something produced as a package.
•Information can be a capital resource, especially for companies that produce information-based products and services.
Information has two basic elements:
ØReach means the number of people, at home or at work, exchanging information.
ØRichness has three components:
•bandwidth (the amount of information that can be moved from sender to receiver in a given time);
•customization (whether the information is tailored for an audience of a particular size);
•interactivity (the extent to which the involved parties can converse).
•Information management (IM) is a general terms that refers to managing any kind of information.
•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
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