Data, Information, And Knowledge And How They Are Important Part Of The System

---WE ACHIEVE EXCELLENCE IN THE INTELLECTUAL LIFE, ACCORDING TO THIS TRADITION, WHEN WE FORM WITHIN OURSELVES QUALITIES LIKE WISDOM, PRUDENCE, UNDERSTANDING, INTELLECTUAL HUMILITY, LOVEOF TRUTH AND SIMILAR TRAITS---SOME BELIEFS ARE TREMENDOUSLY IMPORTANT IN SHAPING OUR LIVES AND GUIDING OUR BEHAVIOR/CHARACTER IS AT STAKE

Information is made from Data that is numerical which is changed and used to make it seem sense. For an example train timetable, the number of trains and how much it weights.

Information can be relative to anything with regards to an organisation. When it comes to customers, it can be their address, telephone number or outstanding payments, when it comes to employees, it can be their appraisals, salaries, again their address and telephone numbers, and for the business, it can be the business’s finances, profits, employee and customer details, and various other information.

Data is defined as useful raw material which is intended to be useful for both the originator and for the intended receiver. Data consists largely of facts and figures ideal for communicating the intended meaning. This data can be interpreted and can be categorised as follows;

- Information: is a knowledge which can be transferred or received concerning a particular fact or situation. And is a sequence of symbols that can be explained as a message. Information can be recorded as signs, or transmitted as signals.

Information is data that has been processed so that it has meaning and value to a recipient,

2) Management scientists use the terms "data" and "information" interchangeably--that is, the two terms mean the same thing. TRUE

Data comprises of factual information. Data are the facts from which information is derived. Data is not necessarily informative on its own but needs to be structured, interpreted, analysed and contextualised. Once data undergoes this process, it transforms in to information. Information should be accessible and understood by the reader without needing to be interpreted or manipulated in any way.

Information is data which is accurate and timely specific and organized for a purpose presented within a context that gives it meaning and relevance. Information can lead to an increase in understanding and decrease in uncertainty.

“Data is plural of datum, which is the dates, numbers, ages, symbols, letters, and words that represent basic facts and observations about people, processes, measurements, and conditions.” To be useful, data must be accurate.

Knowledge can refer to a theoretical or practical understanding of a subject. It can be tacit (as with practical skill or expertise) or explicit (as with the theoretical understanding of a subject); it can be more or less formal or systematic. Botha et al (2008) pointed out that tacit and explicit knowledge should be seen as a spectrum rather than as definitive points. Therefore, in practice, all knowledge is a mixture of tacit and explicit elements rather than being one or the other. The most important distinction within KM is between explicit and tacit knowledge. The overload of data is making knowledge management increasingly more important as it facilitates decision-making capabilities; builds learning organizations by making learning routine, and stimulates cultural change and innovation.

1.7 Define the terms data and information. Explain how the two terms differ. - Data are facts and figures. Information is defined as knowledge derived from data, or as data presented in a meaningful context. Data is simply recorded in the database, but the data must be manipulated in some way to produce information.

3. Data – is the heart of the software. Software cannot function without it. Data can be qualitative and quantitative. Every data is an information.

According to to Merriam-Webster's definition knowledge is but the “information, understanding, or the skill that you get from experience or education.” But yet what it really boils down to when we think about knowledge philosophically is can one truly know something. To do this it is important to understand what Justified True Belief is. What Gettier had to say about this and finally what

To explore the concepts of Data, Information, and Knowledge independently is to attempt building a large and complex puzzle with only a few pieces from the box. While the relationships between these concepts can be as elusive as finding their universal definitions, it is within these relationships that data, information, and knowledge are most meaningful. In the broadest sense, data exists in the form of unorganized and raw facts about the environment that are collected and stored. When this stored data is transformed and processed into something more meaningful and organized, it becomes information. Perhaps most importantly, is knowledge: the collective information stored in the minds of