Q-1

what is information?

Information is data that has been put into meaning full and useful context. A data
processing system processes data to generate information. Information is the
substance on which business decisions are based. Therefore, the quality of
information determines the quality of action or decision.
Information is a basic resource in the modern society. Organizations spend most of
their time generating, processing, creating, using, and distributing information.
Information and information system are valuable organization resources that must
be properly managed for the organization to succeed.
Information flows are as important to the survival of a business as the flow of blood
is to the life and survival of an individual. Information flow is important for good
business decisions and it has been often said that a receipt of business is, 90%
information and 10% inspiration.