Data And Information On Data

Data is a group of information that are used for various purposes like analysis, evaluations and to arrive at certain results or conclusions. Data reporting is a process where data is extracted form a source or many sources and then converted into a format that can be used for a purpose.

Data is facts and numbers that hasn’t been modified or analysed for example times and numbers. When data is by itself it has no meaning to it however information by itself does have a meaning.

Data is defined as useful raw material which is intended to be useful for both the originator and for the intended receiver. Data consists largely of facts and figures ideal for communicating the intended meaning. This data can be interpreted and can be categorised as follows;

- Information: is a knowledge which can be transferred or received concerning a particular fact or situation. And is a sequence of symbols that can be explained as a message. Information can be recorded as signs, or transmitted as signals.

Data consists of the descriptions that can be used to summarize the raw facts of everyday happenings and objects. These raw facts can be anything from customer count to average sale per ring. PayPal co-founder Max Levchin said once said that “The world is now awash in data and we can see consumers in a lot clearer ways.” To a business owner like Max, data is important because it provides the means to make better decisions for the customer.

Data is the form of input, which can be produced into information. For example, 5000 could be the value of a piece of data that a business has. By adding context to this, for example if an organisation sold 1000 sandwiches in a week; this becomes information, which will influence important decisions

Discuss the importance of data accuracy. Inaccurate data leads to inaccurate information. What can be some of the consequences of data inaccuracy? What can be done to ensure data accuracy? Data accuracy is important because inaccurate data leads may lead to such things as the closing down of business, it may also lead to the loosing of jobs, and it may also lead to the failure of a new product. To ensure that one’s data is accurate one may double check the data given to them, as well as has more than one person researching the data they are researching.

Information is data that has been processed so that it has meaning and value to a recipient,

2) Management scientists use the terms "data" and "information" interchangeably--that is, the two terms mean the same thing. TRUE

Data comprises of factual information. Data are the facts from which information is derived. Data is not necessarily informative on its own but needs to be structured, interpreted, analysed and contextualised. Once data undergoes this process, it transforms in to information. Information should be accessible and understood by the reader without needing to be interpreted or manipulated in any way.

Simple and frank as it could sound, the main features of the upcoming of data knowledge have a

Information is data which is accurate and timely specific and organized for a purpose presented within a context that gives it meaning and relevance. Information can lead to an increase in understanding and decrease in uncertainty.

The notions of data, information as well as their flows are interconnected; however, many people use them as synonyms. Nevertheless, there are significant differences that need to be addressed. Thus, data is a raw piece of information, so to speak; it reflects a certain aspect of reality. A good example of data is the table that shows, which smart-phones are equipped with NFC and which are equipped with Bluetooth LE. The importance of it lies in the fact that Apple iPhone 5 is not equipped with NFC and that is mere a piece of data. Information is data that has been processed and given a certain meaning. In other words, it engaged the data, but allows a person to make more sense of it. If one takes a look at the example which was mentioned more, it is an important piece of information that Apple iPhone 5 does no support NFC: this means that a certain part of the Starbucks visitors will not be able to able to use the mobile payment option that is based on this kind of technology. With this in mind, it become obvious that Bluetooth LE is much more preferable. Speaking of flows, one should note that they represent data and information in progress. For example, a flow of data should reflect the number of customer served daily in Starbucks Canada. However, if this data is properly processed, it will result in information flow, which might take a form of

pooled data. Splunk central receiver receives variety of data from many different ports and displays them as events on a single server. From one place, one can be able to access the log files in any of the web servers of the business, all the databases, routers, load balancers, and firewalls from all the companies’ operating systems. All the logs and configuration files can be accessed and analyzed, as well all from one device.

The term metadata first used in 1969 is called ‘data about data’ or ‘information about information’. The term ‘meta’ derives from the Greek word denoting a nature of a ‘higher order’ or more ‘fundamental kind’ , or ‘above’, ‘beyond’, and ‘of something in a different context’ , metadata is data associated with objects which relieves their potential users of having to have full advance knowledge of their existence or characteristics. It helps in finding data and tells how to interpret and use data. Metadata gives descriptive information about the producer, content , quality, condition and other characteristics of a dataset. Metadata ensures use of right data for right purpose, Metadata assigns quality and defines limitation, improves the appropriate use of data, provides entity and attribute information about the following: