as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
explain the difference between the terms data and information
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data are raw facts or figures that are collected, organized and stored, while information is data that has been processed in such a way that it is meaningful and useful. data can come in various forms such as text, numbers, images, audio, video, etc. data is usually further processed and organized in order to gain something useful, or to make knowledge out of it. information is derived from data, and the process of deriving knowledge from the data is known as information processing.
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