This week's lecture involved the discussion of data, information and knowledge. Data was explained as a fact of proposition (raw), information as a collection of facts or data that relate to each other and knowledge as the sum or range of what is percieved, discovered or learned.
- Data is seen as unbiased, straightfoward and objective
- Information as summative with meaning
- Knowledge biased, inference, judgement
Knowledge is created by information, information is made of data.
These ideas are constructed into examples using business. Business operations work from data and information while business intelligence operates from knowledge.
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