Information

Updated 18 Sep 2026

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What it is
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  data interpreted or organized in a context that gives it meaning for a recipent or purpose
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Example
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  transaction records become information when summarized as monthly sales by store
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Decision relevance
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  usefulness depends on accuracy, relevance, timeliness, completeness, and accessibility
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  the same underlying data can support different information needs
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Distinguish from
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  Data — the recorded observations or representations
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  Unavailable reference — understanding that supports explanaiton or action

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