Understanding the difference between Data, information and knowledge
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Transcript of Understanding the difference between Data, information and knowledge
![Page 1: Understanding the difference between Data, information and knowledge](https://reader037.fdocuments.us/reader037/viewer/2022100803/58ee49e51a28ab745e8b4697/html5/thumbnails/1.jpg)
Knowledge
Information
Data
Understanding the difference between Data, Information & Knowledge
![Page 2: Understanding the difference between Data, information and knowledge](https://reader037.fdocuments.us/reader037/viewer/2022100803/58ee49e51a28ab745e8b4697/html5/thumbnails/2.jpg)
Raw, unevaluated facts and figures
Stored in data warehouse
Example: Feedback of customers
No meaning in itself
Data
![Page 3: Understanding the difference between Data, information and knowledge](https://reader037.fdocuments.us/reader037/viewer/2022100803/58ee49e51a28ab745e8b4697/html5/thumbnails/3.jpg)
Meaningful and useful for decision making
Involves communication and reception
Example: Solving the problems of customers
by investigating feedback form
It notifies, reduces uncertainties and
stimulates to take action
Information
(Relevant, Timely, Accurate & Cost
effective)
![Page 4: Understanding the difference between Data, information and knowledge](https://reader037.fdocuments.us/reader037/viewer/2022100803/58ee49e51a28ab745e8b4697/html5/thumbnails/4.jpg)
Efficient handling of the information
It availability to right person at right time
Example: Developing product so customer
doesn't encounter same problem in future.
Enhance learning
Knowledge