Information, in a broad sense, is systematic, processed and organised information based on knowledge. It gives context to other data and allows effective decision making. For instance, a single consumer’s sale in a restaurant is information- this becomes data when the management can identify which is the least popular or most popular dish. Data in itself also provides the foundation for many decision making processes. Therefore, it is one of the key ingredients of the modern organization.
The information theory has been developed by the discipline of information science which studies how information is used in various domains of human activity. According to this theory, information processing is not an independent process but is instead an integrated set of processes that involves many independent steps. This enables information processing to be performed quickly, accurately and in a manner that maximizes both the accuracy and utility of the results. Information theory also suggests that information can be a dynamic process, taking on new dimensions as the knowledge base of an organization or society changes. For instance, new scientific research may lead to new methods of decision making that were unknown in earlier periods.
Chaos is a complex manifestation of disorder which is an essential component of all natural processes and is a property of reality which cannot be completely destroyed or reduced to a state in which it loses its information quality. As computers and other information technologies are ever becoming more complex and rely heavily on complex algorithms, their complexity is only bound to continue growing. Computers therefore become an ever more important part of our lives and the information they produce, whether they are used for good or for bad, may play a role in the future of mankind. To date, the concepts of information theory and chaos theory still carry with them a certain relevance in the technological domain. The use of computers and information technology therefore makes up a vital part of how we organize and make sense of our lives.