Information life-cycle in plain english

Everyone in his life takes thousands and thousands of decisions which are shaping his life. These decisions are fully associated with the information life-cycle.
There well structured course for the data and information in very organized pattern.
I will summarize the information life-cycle in the following points;
- Acquiring the data using sensors from the surrounding environment.
- Analyzing and processing the data.
- Transforming the data to useful information through extracting the derivatives out of it.
- This transformation process from the data level to information level is progressive process where along this process the data is refined gradually till we get the highest level of useful information.
- The value of the information is proportional with the closeness to the economic and the directly influencing values. for example the high level information is the reserve of the hydrocarbon and the optimum locations of the wells. There is a long cycle till this stage to upgrade the value of the data till we rich this level.
Why this information considered as the key high level of information?. Simply because it will determine the economic value and will influence the main objective from the whole process.
This is crucial conclusion where the interlinking between the objective, the decision making process, and the information life cycle.
- The decision is taken based on the key vital information and here there are competition between the information based component in the decision making process and the well established and recognized experiences and sometimes the political and cultural factors. So the decision making process is not free from the impact of the other non-information related factors.
the weight of these factors is totally depending on the environment of these decisions.
- After taking the decision, there is another cycle of data gathering, processing, concluding the sensitive information and taking another decision and so on.
To conclude, it is a connected successive cycles of information life-cycles.
Each life-cycle can be breakdown to smaller and smaller decision making processes and smaller life-cycles which are determining the course of the information. there is fractal structure for these major and minor cycles.
Each organization, country, individual should study how they are taking their decisions and how they are attributing these decisions to their information life-cycle.
This health check on the decision making process is vital for everyone and every unit.