Homework SourseDiscuss how raw data transform into information and informat
Discuss how raw data transform into information and information transforms to knowledge.
Solution
Raw data is unprocessed data or facts that has no use. figures that have no added analysis. Data simply exists and has no significance. It can exist in any form, usable or not.
Information is processed data that has some meaning. existance of information is always useful. Information is data that has been interpreted so that it has meaning for the user.
we can convert data to information. we have some possible methods to convert data to information.
Knowlwdge: knowledge is the appropriate collection of information, such that it\'s intent is to be useful. Knowledge is a deterministic process.
| Sales figures | Plot charts and identify trends |
| Market and competition data | Find average or typical values |
| Financial performance | Present complex data as a chart or graph |
| Production output | Monitor changes over time and forecast future values |
| Costs of resources or other inputs | Compare figures and identify similarities or differences |
