How Information Is Used
Task 1 How Data is transformed into Information
The main way that data is transformed is by take sales data to make dissensions on the information that is calculated from the data. An example of using data to transform into information would be looking at items that sell the most in a store and using that data which would represent that that item needs to be stocked more to meet the demand of the customers.
How Marketing Uses information
How Purchasing uses information
How Manufacturing uses information
How Finance uses information
How admin uses information
How personell uses information
how sales uses information
What is Quantitative Data
What is Qualitative Data
Primary & Secondary data
Primary data is data that is collected directly from the source using things such as customer surveys to collect information. Primary data is data that you know the origin of the data. Other ways of collecting primary data is using interviews to also gather information from known places or people.
secondary data is data that comes from external inputs from things such as the Internet and TV from things such as adverts and TV programs. Information can also be gathered from articles from the Internet as well as written articles.