Data that is (1) accurate and timely, (2) specific and organized for a purpose, (3) presented within a context that gives it meaning and relevance, and (4) can lead to an increase in understanding and decrease in uncertainty.
Information is valuable because it can affect behavior, a decision, or an outcome. For example, if a manager is told his/her company's net profit decreased in the past month, he/she may use this information as a reason to cut financial spending for the next month. A piece of information is considered valueless if, after receiving it, things remain unchanged. For a technical definition of information see information theory.
Use 'information' in a Sentence
The cold case was re-opened after twenty five years after a witness came forward with new information about the killer.
The manager of the local ranch market had one of his busiest holidays this year, because the system was down, leaving him the responsibility of recording sales information.
Having all of the information you possibly can before you make a decision should get you to have a quality outcome.
You Also Might Like...
