Prelim Lesson1
Prelim Lesson1
Prelim Lesson1
INFORMATION MANAGEMENT
Today, we live in an information economy. Information itself has value and commerce often
involves the exchange of information rather that tangible goods. To be effective manager in any area
of business, you need to understand that information is one of an organization’s most valuable
resources.
Lesson Objectives:
At the end of this lesson, you will be able to:
• Define data, information and knowledge
• Distinguish data from information
• Describe the characteristics used to evaluate the quality of data
• Define the terms information technology, information system, computer-based information, and
application.
• Identify each basic component of information system
• Identify the relevance of each basic component as pillars of an effective and successful
Information System
Getting Started:
Information is a central concept of this module. However, the term information is often confused with
data. From the list below, let’s check how well versed you are between the difference of data from
information. Classify which of the following is data and which is information. Write your answers on the
space provided.
_______________1. 28
_______________2. 12*8=86
_______________3. There are 10 people in the room.
_______________4. Bedroom
_______________5. 12/24/1992
_______________6. 1 kilo of sugar
Discussion:
Data
• raw facts, such as an employee number, total hours worked in a week, inventory part numbers or
sales orders
• are raw facts that describe a particular phenomenon such as the current temperature, the price of
a movie rental or your age, the term data is plural and datum is singular.
• refers to an elementary description of things, events and activities, and transactions that are
recorded, classified, and stored but are not organized to convey any specific meaning
DATA REPRESENTED BY
Alphanumeric data Numbers, letters, and other characters
Image data Graphic images and pictures
Audio data Sounds, noises, or tones
Video data Moving images or pictures
Information
• refers to the data that has been organized so that they have meaning and value to the recipient
• is data that have a particular meaning within a specific context
• is a collection of fact organized and processed so that they have additional value of the individual
facts
Knowledge
• consists of data and / or information that have been organized and processed to convey
understanding, experience, accumulated learning, and expertise as they apply to a current business
problem
• the awareness and understanding of a set of information and the ways that information can be
made useful to support a specific task or reach a decision
Example #1
Data representation
Data 95
(numeric)
Data + context +
Information My score on IM 102 final exam is 95%.
information representation
Example #2
CHARACTERISTICS DEFINITIONS
Accessible Information should be easily accessible by authorized users so they can
obtain it in the right format and at the right time to meet their needs.
Accurate Accurate information is error free. In some cases, inaccurate information
is generated because inaccurate data is fed into the transformation
process. This is commonly called garbage in, garbage out. (GIGO)
Complete Complete information contains all the important facts.
Economical Information should also be relatively economical to reproduce. Decision
makers must always balance the value of information with the cost of
producing it.
Flexible Flexible information can be used for a variety of purposes.
Relevant Relevant information is important to the decision maker
Reliable Reliable information can be trusted by the users
Secure Information should be secure from access by authorized users
Simple Information should be simple not complex. Too much information can
cause information overload.
Timely Timely information is delivered when it is needed.
Verifiable Information should be verifiable. This means treat you can check it to
make sure it is correct, perhaps by checking many sources for the same
information
Information System is a set of interrelated elements or components (input), manipulate (process), store,
and disseminate (output) data and information, and that provide a corrective reaction (feedback
mechanism) to meet an objective that can be manual or computerized
FEEDBACK