Page 10 - BA2 Integrated Workbook STUDENT 2018

Chapter 1

Management information

You can see that the key to successful business is good decision
making and the key to good decision making is good, relevant
information.

2.1 Data and information

Thanks to technological advances, the operations of organisations generate a huge
quantity of data. Data consist of raw facts and statistics before they have been
processed. Once data have been processed into a useful form, it can be called
information.

Processing
DATA INFORMATION

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