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Management Information System - 2

Chapter 2 discusses the etymology and definition of information, tracing its origins from Latin to its current meaning as processed data that leads to knowledge. It outlines the objectives of information, including supporting decision-making, facilitating communication, and enhancing efficiency. Additionally, it highlights the characteristics of good quality information, emphasizing accuracy, relevance, and accessibility.

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9 views2 pages

Management Information System - 2

Chapter 2 discusses the etymology and definition of information, tracing its origins from Latin to its current meaning as processed data that leads to knowledge. It outlines the objectives of information, including supporting decision-making, facilitating communication, and enhancing efficiency. Additionally, it highlights the characteristics of good quality information, emphasizing accuracy, relevance, and accessibility.

Uploaded by

rafidmagnus2004
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We take content rights seriously. If you suspect this is your content, claim it here.
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Chapter 2: Information

Etymology of Information

●​ Origin: Derives from the Latin word “informare,” meaning “to give form
to,” “to shape,” or “to instruct.”
●​ Evolution: Progressed through Old French as “informacion,” indicating
teaching or instructing, and into Middle English as “informacioun,”
signifying knowledge communicated or received.

Definition of Information

●​ Description: Information is data that has been processed, organized, or


structured in a meaningful manner, leading to knowledge, insights, or
understanding.
●​ Role: Acts as the output of data analysis, utilized for decision-making,
communication, and problem-solving.

Objectives of Information
●​ Supporting Decision-Making: Provides accurate, relevant information for
informed decision-making.
●​ Facilitating Communication: Enables effective communication within and
outside the organization.
●​ Reducing Uncertainty: Delivers data that lessen ambiguity and confusion
in complex scenarios.
●​ Enhancing Efficiency: Streamlines processes by supplying pertinent
information promptly.
●​ Providing a Competitive Advantage: Offers insights aiding the
organization in outperforming competitors.
●​ Enabling Problem-Solving: Supplies information that assists in identifying
problems and formulating solutions.
●​ Ensuring Compliance and Accountability: Maintains records and provides
information meeting regulatory and legal standards.
●​ Supporting Planning and Forecasting: Supplies data beneficial for future
planning and forecasting.
●​ Improving Customer Service: Utilizes information to understand customer
needs better and enhance service delivery.

Good Quality Information

●​ Intrinsic: Accuracy, Objectivity, Believability, Reputation.


●​ Contextual: Relevancy, Value-Added, Timeliness, Completeness, Amount
of information.
●​ Representational: Interpretability, Format, Coherence, Compatibility.
●​ Accessibility: Accessibility, Access security.

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