Interpretation of Information

Introduction

Information is data that has been verified to be accurate and timely, is specific and organized for a purpose, is presented within a context that gives it meaning and relevance, and that can lead to an increase in understanding and decrease in uncertainty.

Influence is the capacity or power of persons or things to be a compelling force on or produce effects on the actions, behavior, opinions, etc., of others: He used family influence to get the contract.

Interpretation is the object of interpretation is to find out or collect the intention of the maker of the instrument, either from his own words, or from other conjectures, or both. It may then be divided into three sorts, according to the different means it makes use of for obtaining its end

Nature of problem

Clearly, the nature of the problem influences the way we interpret information. How serious is the decision? What are the consequences of an incorrect decision, and how do they compare with the benefits of a correct one? An important decision may require more care in analyzing data than would a minor decision. For example, an oil company's decision to enter the information processing field is more important than its decision to enter the information processing field is more important than its decision to lease additional office space. Second example is cases of banks merging have become one of the highly popular phenomena in the banking field generally during the eighties and specifically during the nineties. A bank's decision to merge is more important than its decision to lease additional office space. Bank Mergers is known as the process by which two or more banks unite and appear as one new entity. Merging occurs by adding the active (bidder) bank's assets and liabilities to the target (passive) bank's balance sheet, and acquiring the bidder bank's name through a series of financial, accounting, legal and administrative measure. In such a strategic decision as whether to diversify, the consequences and costs involved, plus the impact on the organization, require that information be scrutinized much more closely.

Personal and situational factors (experiences)

Experiences is knowledge or practical wisdom gained from what one has observed, encountered, or undergone. People who have different ideas interpret