Information is organized or classified data. So, it has some meaningful values to the receiver.

INFORMATION

Information is getting after the processing of row information/data. Or we can also say that the information is the processed form of data or raw information.

INFORMATION

For example:-

The volume of the cube is the information which can be solved from the data by using the formula.

VOLUME=LENGTH*BREADTH*HEIGHT

INFORMATION

So, in this the volume is the INFORMATION and the LENGTH, BREADTH, HEIGHT is the data.

NEED OF INFORMATION

NEED OF INFORMATION

  1. Information is useful for making decisions.
  2. The information helps managers in lowering the level of uncertainties where they have to make a choice among several available alternatives.
  3. The information helps the users in tracking problems relating to their respective functions.
  4. Information is employed by high management to set up the objectives of the organization and to access whether or not the objectives are being met in follow.