Information, in a broad sense, is systematically organised, processed and classified information. It gives context to data and helps decision making in almost every sphere of human activity. For instance, a single consumer’s sale in a restaurant is information this becomes information if the company is able to discern the favourite or least favourite dish.
In a more micro perspective, information technology forms the base of the modern economy. Automation and computerization have made the process of information exchange more efficient and accurate. It is important to recognise the difference between information and automation. In fact, it has been argued that information technology is nothing but an application of full information science coupled with advanced computer sciences in the form of Artificial Intelligence (Ai) and Machine Learning (ML).
Another example of information technology is the HCAI(High-Collision Auto Insurance) system, which uses both human and automated technologies to determine the probability of a crash. The system uses the statistical analysis of past crashes to estimate the probability of a crash based on the vehicle’s speed, configuration, surface type, braking systems etc., on a statistical probability scale. The system thus takes into account all these parameters and gives the user a full assessment of the likelihood of a crash taking place. However, this system is fully capable of determining the risk of full automation and therefore cannot be called information technology as such.