In a broader sense, information is structured, processed and organised data that enables decision making in particular situations. For instance, a single customer’s sale at a restaurant is statistical information-this becomes relevant information when the company is able to associate the most common or least common dish with the highest or lowest sales. This information allows the company to categorise customers into groups according to their different preferences and to offer appropriate discounts and deals on these dishes, as well as creating an overall dietary strategy that will enable diners to make informed choices.
The meaning of information technology is intimately connected to the meaning of knowledge. In fact, the two are often used interchangeably. The meaning of a system, technique, application or procedure often derives from its use as information technology. This meaning then ties into the meaning of a discipline, and the meaning of information technology then ties into the meaning of knowledge. For instance, in the field of computer sciences, the meaning of ‘intellectual property’ is a constantly evolving set of concepts that are rooted in the meaning of software and its various components. This set of concepts then allows for the meaning of ‘intellectual property’ to change with the progress of technology; an important facet in the ever changing digital marketplace.
So how does all this apply to processes and projects in the M&A environment? In simple terms, the meaning of information in its many forms can impact the value and future success of projects. Asking a M&A executive what the meaning of the M&A process is likely to be may yield interesting insights into the value of information technology, as well as provide some helpful analogies to current management processes. Likewise, using the tools of project management and information science to research the meaning of continuous data processing cycle technology can provide insight into the value of information systems. Ultimately, however, it is important for every company to develop its own ongoing information management strategy to address the needs of its business and its customers while maintaining a competitive advantage.