Document on Data, Information, and Knowledge

1) Data: are raw facts about a business and its activities. On their own, they don’t mean much or have much use. 2) Information: is data that has been organized and given meaning by people. 3) Information is created by defining and organizing relationship among data 4) Defining different re...

1) Data: are raw facts about a business and its activities. On their own, they don’t mean much or have much use. 2) Information: is data that has been organized and given meaning by people. 3) Information is created by defining and organizing relationship among data 4) Defining different relationships results in different information 5) Data representation Alphanumeric Image Audio Video 6) Knowledge: is understanding information and knowing how to use it to complete a specific task. 7) A knowledge base: is a set of information, guidelines, and steps needed to get the correct results 8) If a company’s information is wrong or incomplete, people may make poor decisions, which can be very costly. The importance of certain data qualities can vary based on the type of information needed. 9) Time: Timely, frequent, current Content: Accurate, concrete, relevant, reliable Form: Presentation, detail, clarity 10) Tangible:can be calculate , Intangible: cant not be calculate 11) Hard data(quantitative data): it is uses numbers like statistics to measure or count something. 12) Soft data(qualitative data): it is describes the qualities of something. Interviews are used to collect people’s opinions or beliefs. 13) Formal communication: is sharing information in an organized and Stable way 14) Informal communication: when information is shared in a relaxed way, like casual talks between staff members.