Monday, October 7, 2013

Difference between Data and information


SN
Difference between Data and information:
Businesses revolve around data and information for smooth functioning. Normal business Transactions are data like payment, receipt transaction etc and organized transactions are information like ledgers, Balance sheets etc.


Data
Information
1
Data are facts And figures in business Language these are transactions.
.

Information is processed data in business language
Reports are known as information like ledgers, balance
Sheet etc.
2
Data normally does not convey a
Complete meaning to its user.

Information conveys a complete meaning to its users.

3
Data is an input for information Generation (data processing)

Information is output of data processing.

4
Data normally does not help in decision Making process.

Information helps in decision making process.

5
Data is normally collected automatically In the course of running a business. (data
Is basically recording of business
Activities.)

Information is generated from collected data as per Requirement.

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