Which of the following descriptions fits 'data' in IT?

The term 'data' in the context of IT refers to information that is processed and stored. Data can take various forms, such as numbers, text, images, or sound, and is used as a foundational component in computing. It serves as the raw material that software applications manipulate, analyze, and present in meaningful ways to users. This processed information can then provide insights, support decision-making, or serve other functions within systems.

Other options depict different aspects of IT. Hardware necessary for calculations refers to the physical components of a computer system, like the CPU or RAM, while network settings and configurations pertain to the structuring of network systems for communication and connectivity. Software applications and tools relate to the programs and applications that execute tasks, leveraging the data stored within a system. Hence, the option describing data accurately encapsulates its role in IT by focusing on information that is not just stored but also processed to generate valuable outputs.