Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Research Expert

Data and Information:

The term "data" (plural form of datum) refers to "an individual fact, statistic, or a piece of information or a group or a body of facts, statistics or the like" (Random House Dictionary of the English language, College Edition, 1975). Thus, data may be described as discrete and unorganised pieces of information. Data become "information" when these pieces are processed, interpreted and presented in an organised or logical form to facilitate a better comprehension of the concerned topic or issue. In other words, data become information when processed and presented to form an intelligible context. The following examples will be helpful in bringing out the difference between the two: 

i)  The Meteorological Department is responsible for the daily collection of atmospheric data on weather. These data are presented in quantitative terms, e.g., tables containing rainfall or temperature figures over a period relating to different regions. The pilot of an aircraft needs weather data relating to the region over which he/she would fly. He/She would rather prefer a brief forecast note on the weather conditions based on these tables which would tell him/her whether he/she would face air turbulence on the route. These processed and interpreted data then become information. 

ii)  Reserve Bank of India Bulletin regularly publishes notifications on exchange control regulations as and when some existing regulations are amended or new ones introduced. We may say that each notification contains discrete pieces of facts or information. If, however, these notifications, at a later stage, are organised or consolidated in such a manner that all the related pieces are brought together, (e.g. those dealing with the foreign exchange regulation relating to business travel), then such a consolidation becomes information. 

iii)  A scientist studying the behavior of a chemical compound under different physical conditions would observe and record the relevant data provided by the experiments. These data or raw facts would not convey any meaning unless he filters; analyses and integrates them and finally interprets his findings. The resultant product-then becomes information.  

Operation Research, Management Studies

  • Category:- Operation Research
  • Reference No.:- M9513395

Have any Question?


Related Questions in Operation Research

Your presentation should include the followingintroduction

Your presentation should include the following: Introduction (5-6 slides) Explain the importance of evidence-based decision making in health care. Discuss how this evidence applies to patient care outcomes, financial out ...

Assignment requirementassignment reflective writing aims to

Assignment Requirement Assignment Reflective writing aims to get you to think about your learning and understand your learning experiences. When students writing Assignment 3 need to follow steps: 1. Evaluate the effecti ...

Real estate property analysisresearch the property you

Real Estate Property Analysis Research the property you selected in your Local Real Estate Opportunities activity. Using the newspaper listing from your exploration, either go online to the real estate agency that is lis ...

Explain the mathematical system of or and linear

Explain the Mathematical system of OR and linear programming

Assignment - country analysis this is a marketing and

Assignment - Country Analysis This is a marketing and analysis paper on two countries, South Korea and India. The objective is to determine if both countries are a great market for TESLA to expand their business in a glo ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As