Input of and generating is an example of how a business uses data and processes it into meaningful information.

Input of data and generating information (reports) is an example of how a business uses data and processes it into meaningful information.

Explanation:

The data processing is the transformation of data into actionable information to ease decision making. The steps involved in data processing include data collection, data preparation, data input, processing, and information output and storage.   These steps enable data to become useful to the user.  Without data processing, data and information may be too complex for usage.

i'm pretty sure data is stored in a form