AIN1501 Exam Revision Summary

MODULE : AIN1501

,AIN1501 EXAM
PREPARATION
SUMMARIES

Pass this module easily with these
revision summaries.

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AIN 1501


Define data
Data are the raw material available for processing into information.
Define information
Information is a set of facts or data organized in such a way that it provides additional
value beyond that of the facts themselves.
The creation of information
 Activity
 Data
 Information
 Knowledge
 Decision-making

The creation of information (example)
 Sale took place
 Data are the number of sales for all the days in the year
 Information is these numbers processed in totals per month and per year
 Knowledge is recognizing which month and areas are best for business
 Management makes decisions on where to focus and where to discontinue the
business
The characteristics of information
 Accurate
 Accessible
 Up-to-date information
 Detail information
 Flexibility
 Relevance of information
 Cost-effectiveness
 Reliability
 Timely
 Format of information

What is a system
A System is a set of two or more components that serve a common purpose and
interact to achieve a common goal.




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