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Management Information System and Business Strategy

In information systems, usually, terms such as “data”, “information”, “knowledge” and sometimes “wisdom” and “understanding” are encountered. However, I believe that in the strictest business sense, any company, enterprise, or corporation should mainly focus on the facts and not rely too much on the hocus pocus of these fancy terms. For me, this is highly important to operational or corporate success because any business or company the most important factor to consider and constantly assess is the result, which in a way can be attributed to facts.

In general, facts and results can be interconnected with one another because they are both straightforward and clearly show the whole about a business or a company. For example, if the results show that the revenue generated by a company in a month is $1 million for example, then that would also be equivalent to the facts about the company or the fact that the company was able to produce $1 million in one month.

Meaning to say, in terms of business and corporate success, a company should always focus on the facts, the figures, or the results for this is the best indicator of how productive it is. While other terms such as data,

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information, knowledge, wisdom, and understanding, have each of their respective uses in a corporate setup, they are sometimes ambiguous in definition. For example, knowledge, wisdom, and understanding can be attributed to the CEO of a company but at the same time also be attributed to religious figures or ideologies, among others.

Data and information, on the other hand, are very reliable in terms of business operational assessment but until they are proven to be reliable or in other words, until they are proven to be facts, they are entirely useful to a business. In addition, for me, the relation between these fancy terms is that they all hamper operational and business success as they are prone to a lot of errors and misinterpretations. In short, more focus should be given on important facts and not terms that are sometimes irrelevant to the business.

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