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Information
result of processing raw data to reveal its meaning, which helps in decision making
Knowledge
the body of information and facts about a specific subject, knowledge implies familalirty, awareness and understanding of information as it applies to an enviroemtn, a key characteristic of knowledge is that new knowledge can be derived from old knowledge
Data Processing Can Be
Data processing can be as simple as organising data to reveal a pattern or as complex as using statistical modelling
Information requires context
raw data alone is meaningless; context provides the necessary meaning and interpretation to transform data into actionable information and knowledge
Why must raw data be properly formatted
to ensure accurate analysis and interpretation, allowing it to be transformed into meaningful information suitable for decision-making.
what does data provide
the building blocks for information
what is informatin
processed data
what is information used for
information is used to reveal the meaning of data
what characteristics of information is key to good decision making
accurate information, relevant information and timely information
why is good decision making important
organisations must make data driven decisions to remain competitive and efficient in a rapidly evolving global society