Data is a collection of facts, figures and statistics related to an object. Data can be processed to create useful information. Data is a valuable asset for an organization.
Data can be used by the managers to perform effective and successful operations of management. It provides a view of past activities related to the rise and fall of an organization. It also enables the user to make better decision for future. Data is very useful for generating reports, graphs and statistics.

Example
Students fill an admission form when they get admission in college. The form consists of raw facts about the students. These raw facts are student's name, father name, address etc. The purpose of collecting this data is to maintain the records of the students during their study period in the college.

Information
The manipulated and processed form of data is called information. It is more meaningful than data. It is used for making decisions. Data is used as input for processing and information I output of this processing.

Example
Data collected from census is used to generate different type of information. The government can use it to determine the literacy rate in the country. Government can use the information in important decision to improve literacy rate.