This document discusses the differences between data and information. It states that data is raw facts and figures without context, while information is data that has been processed and given meaning by being placed in a context. It provides examples of how raw data can be processed and given context to derive useful information. The document also covers topics like quantitative vs qualitative data, characteristics of good information, data collection techniques, sources of internal and external information, how organizations use business information, information flows, management information, legal and ethical issues related to information, and security of information.