3. Processing Data
What is processing?
Processing is the work that a computer does to the data to convert it into information This could include calculations, sorts or even quires. It could also be used in sounds to alter the pitch or wave length.
What is information?
Data must be processed for it to turn into information, therefore computers are examples of data-processing machines. Information itself is data that has been processed into something meaningful. This could range from simple tasks like a calculation to producing detailed graphs of a companies sales & expenses.
4. Quality Information
What makes information valuable?
Information can be brought and sold otherwise known as a commodity, because of this information has a potential value.
The value of information depends on some factors:
Accuracy
Information on a sales report must be accurate, otherwise any decision based on these figures will be inaccurate This can hugely affect the running's of a business and therefore must be accurate. To ensure data is accurate it is vital that a method to thoroughly check data is applied along with regular updates to the information.
Up to date
Some information may on have value within a specific time scale, a good examples of this is the price of stock which can change several times within a minute, therefore buying and recommendations have to change very quickly, if the information is out of date then the information holds no value.
Complete
Information that is not complete loses value for instance.
Information produced on a house for insurance purposes must be complete in order for the house to be insured at the correct price.
Reliable sources
Once information is on the internet it is very hard to control, information put up could easily be inaccurate and therefore reduces its value. Because of this it is vital that information is gathered from reliable sources such as the BBC or other well known and trusted sources.
Relevant
Information only holds value is it has a purpose, its value will also depend on the potential use it has. For examples sales data on employees must show the individual sales of a person so it can be used to calculate a bonus.



