Data is defined as the collection of facts about events.
This collection of facts is in raw form means that an unorganised and unprocessed form, which cannot be use for meaningful purpose for example Name, Age, Price etc.
We usually say that data is made up from four basic types: Numbers Text Images Sound Information Information is defined as a well-organised, well-processed and meaningful form of data generated from raw data. The end users utilises this meaningful data for making a decision easily for example Employees Records, Sale Report etc.
Data + Meaning = Information Another way to add meaning is to process the data. For example, individual exam marks are raw data, but if you were to process those to say that the average mark for the class was 53%, or that boys did better than girls, or that 76% of the students in your school got a grade A or B, then that is information!
Data VS Information Characteristics of Data Data accuracy It means that data are correct. The data should represent what was intended or defined by the original source of the data. For example, the patient's emergency contact information recorded in a paper record or a database should be the same as what the patient said it was.
Data accessibility It means that the data are easily obtainable. Any organization that maintains health records for individual patients must have systems in place that identify each patient and support efficient access to information on each patient. Every health record system should allow record access 24 hours a day regardless of the format in which the record is stored.
Data consistency It means that the data are reliable. Reliable data do not change no matter how many times or in how many ways they are stored, processed, or displayed. Data currency/data timeliness It mean that healthcare data should be up-to-date and recorded at or near the time of the event or observation. Because care and treatment rely on accurate and current data, an essential characteristic of data quality is the timeliness of the documentation or data entry.
Data granularity It requires that the attributes and values of data be defined at the correct level of detail for the intended use of the data. For example, numerical values for laboratory results should be recorded to the appropriate decimal place as required for the meaningful interpretation of test resultsor in the collection of demographic data, data elements should be defined appropriately to determine the differences in outcomes of care among various populations. Data precision It is the term used to describe expected data values. As part of data definition, the acceptable values or value ranges for each data element must be defined. For example, a precise data definition related to gender would include three values: male, female, and unknown. Or "Year of birth" should be recorded with a 4-digit numeric value such as "1965" rather than the shortcut "65".
Data relevancy It means that the data in the health record are useful. The reason for collecting the data element must be clear to ensure the relevancy of the data collected.
Characteristics of Information Accuracy: Accuracy is vital role in management information because an accurate information can generate highly valuable results. For data accuracy timeliness is important otherwise there will be errors in the result. Completeness: The completeness of the information means the availability of latest, proper and complete information for decision-maker. The incomplete data can lead to poor decision-making management information. Validity: The validity of information mean data must be collected carefully and from an authentic source and to be provided within the valid time frame or time period Data quality: To generate highly valuable and standard information data must be according to certain quality standards such as data must be in the appropriate format, well structure, well- organised and standard transferring method must be used. Definition clarity: The generated Information must be clearly and easily understandable, this will allow organisation employees to use the right information in the right place. Relevance: Information must be relevant to a task that it can be examined and packaged into an effective format. This is helpful that the management information is having to the point information but the information must not be incomplete. Presentation: The management information must be able to present information in the right format, order, well-structured and attractive design. This will describe a clearer picture of the organisation. Timeliness Timeliness is a high importance in management information, which means that the recipients must receive information within the prescribed time frame.The characteristic of timeliness of information must be effective as well must includes the current up to date information.
CLASSIFICATION OF INFORMATION
The information can be classified in a number of ways providing a better understanding. Information is classified in the following manner:- ACTION VERSUS NON-ACTION INFORMATION
Action I nformation: The information which induces action is called an action information. For Example:- when the attendance of the student for a particular subject suddenly falls down 40% calls for immediate action.
Non-Action I nformation: Non-Action Information which is communicates only the status of a situation is a no action information. for Example:- While watching the live cricket match you understand that India's Current Run rate is 4 per over whereas its required run rate is 7 Per over.you have this information but this is non-action information. RECURRING VERSUS NON-RECURRING INFORMATION
Recurring Information: The Information that is generated at regular information. For Example:-The monthly Sales reports, Account statements.
Non-Recurring Information: Non Repetitive in nature. For Example: The financial analysis or the report on the market research.
INTERNAL VERSUS EXTERNAL INFORMATION The information generated through the internal sources of the organization is termed as internal information, while the information generated through the Government reports, the industry surveys, etc. is termed as external information, as the sources of the data are outside the organization.
The action information, the recurring information and the internal information are the prime area for computerization and they contribute qualitatively to the MIS.
The timing and accuracy of the action information is usually important. The mix of the internal and external information changes, depending on the level of the management decisions. At the top-level of the management, the stress is more on the external information and at the operational and the middle level. The stress is more on the internal information. Figure shown below shows the source and kind of information required by different levels of management in the organization.