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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.
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Data
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Information
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1
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Data are facts And figures in business
Language these are transactions.
.
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Information is processed data in
business language
Reports are known as information like
ledgers, balance
Sheet etc.
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2
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Data normally does not convey a
Complete meaning to its user.
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Information conveys a complete meaning
to its users.
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3
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Data is an input for information Generation
(data processing)
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Information is output of data processing.
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4
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Data normally does not help in decision
Making process.
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Information helps in decision making
process.
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5
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Data is normally collected automatically
In the course of running a business. (data
Is basically recording of business
Activities.)
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Information is generated from collected
data as per Requirement.
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Monday, October 7, 2013
Difference between Data and information
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