answersLogoWhite

0

Data and information are really just the same thing. However data is often an abstraction, especially digital data, where real-world objects are transformed into abstract representations that we interpret as numbers. Translating this abstract data to and from real-world information is typically achieved through software.

User Avatar

Wiki User

10y ago

What else can I help you with?

Continue Learning about Engineering

What is the scope of the process?

According to American Marketing Association, “Marketing Research is the function that links the consumer, customer and public to the marketer through information-information used to identify and define marketing opportunities and problems, generate, refine and evaluate marketing actions; monitor marketing performance; and improve understanding of marketing as a process.”Marketing Research is systematic problem analysis, model building and fact finding for the purpose of important decision making and control in the marketing of goods and services.Marketing Research is a well-planned, systematic process which implies that it needs planning at all the stages. It uses scientific method. It is an objective process as it attempts to provide accurate authentic information. Marketing Research is sometimes defined as the application of scientific method in the solution of marketing problems.Marketing Research plays a very significant role in identifying the needs of customers and meeting them in best possible way. The main task of Marketing Research is systematic gathering and analysis of information.Before we proceed further, it is essential to clarify the relationship and difference between Marketing Research and Marketing Information System (MIS). Whatever information are generated by Marketing Research from internal sources, external sources, marketing intelligence agencies-consist the part of MIS.MIS is a set of formalized procedures for generating, analyzing, storing and distributing information to marketing decision makers on an ongoing basis.While Marketing Research is done with a specific purpose in mind with information being generated when it is conducted, MIS information is generated continuously.MIS is continuous entity while Marketing Research is a ad-hoc system.While in Marketing Research information is for specific purpose, so it is not rigid; in MIS information is more rigid and structured.Marketing Research is essential for strategic market planning and decision making. It helps a firm in identifying what are the market opportunities and constraints, in developing and implementing market strategies, and in evaluating the effectiveness of marketing plans.Marketing Research is a growing and widely used business activity as the sellers need to know more about their final consumers but are generally widely separated from those consumers. Marketing Research is a necessary link between marketing decision makers and the markets in which they operate.Marketing Research includes various important principles for generating information which is useful to managers. These principles relate to the timeliness and importance of data, the significance of defining objectives cautiously and clearly, and the need to avoid conducting research to support decisions already made.


Who plays hacker on cyberchase?

Christopher Loyd.


What does construction have to do with science?

Science plays an important role in construction as you need to look at the geographical features of the place before you start building and you need to make sure that everything is alright according to science. for example, you don't want to put iron on the top of the building to cause electric charge to the buildings


Why is a carpenter called so?

Because he plays with carpets :3


When were ear grommets invented?

My cat plays the drums .... ;D

Related Questions

How is the earths electric field useful?

The Earth's electric field is useful in providing valuable information about the atmosphere's composition and dynamics. It also plays a key role in the global electric circuit, influencing weather patterns and climate. Additionally, it is important for technologies such as GPS that rely on accurately measuring electric fields for navigation.


Why is it important to read information in parentheses in plays?

It shows stage directions and what would should do at that moment.


What file determines the source of and in which order information is searched?

The design of the software plays the most important part.


What happens in the hippocampus?

It plays important roles in the consolidation of information from short-term memory to long-term memory and spatial navigation.


What are the useful of biochemistry to health care system?

technology plays an important role in medicine and health care.one of the most widely used machines in medicine and health care fields is a computer.


What is that tune in transformers that plays when the transformers are transforming in slow motion and the camera is spinning around them?

the same music as in the main menu of the 2007 film DVD.


Who plays English Cinnamon in Rune Factory Frontier?

Man, this one wasn't easy-- Cristina Vee is the name, hope that information's important!


What thing is useful for brian?

Oxygen is the most important thing for brain which plays a major role for the good functioning of brain. Other than that walnut is also said to enhance brain power.


What part of the body is important and why?

The brain is important as it controls all bodily functions, helps process information, and is responsible for thoughts and emotions. It also plays a key role in memory, learning, and decision-making.


Why is the second law of thermodynamics important?

The second law of thermodynamics is important because it defines the direction of natural processes - it states that energy tends to disperse or become more disorderly over time. This law helps us understand why certain processes are irreversible and why systems tend towards equilibrium. It also plays a critical role in fields like engineering, chemistry, and biology.


When material has been changed in form or combined into a more useful or favorable product what category of activity has been used?

When material has been changed in form or combined into a more useful or favorable product, it falls under the category of "manufacturing." This process involves transforming raw materials through various techniques, such as assembly, machining, or chemical processing, to create finished goods that meet specific consumer needs or preferences. Manufacturing plays a crucial role in the economy by adding value to materials and facilitating the production of a wide range of products.


Why is this rigid structure of society important in many Shakespeare's plays?

why is this rigit structure of society important in many shakespeares plays