1.4 Explain the value of data and information

Question 1

What’s the difference between data and information?

Answer 1

• Data is raw unprocessed facts; bits of information that hasn’t been processed.
• Information is is processed data that provides value and context.

Question 2

What’s GDPR and CCPA?

Answer 2

• GDPR is a regulation that protects data within EU.
• CCPA is a regulation that protects data within the state of california.

Question 3

What are 3 ways of protecting intellectual property? What are they?

Answer 3

• Copyrights is the protection of literary or artistic works of a creator. Lasts up during the creators life and up to 70 years past their death.
• Trademarks are words, symbols, images and slogans that are registrered to an entity. Can be renewed indefinitely.
• Patents is the protection of an invention that prevents the usage and distribution without owner’s permission. Patents typically last about 20 years.

Question 4

What are digital products and what is DRM (Digital Rights Management)?

Answer 4

• Digital Products are intangible assets that have been formatted digitally or exist in some kind of digital format.
• DRM is a systematic approach to limit use, distribution and access of a digital product.

Question 5

What is Administrative, Physical and Technical Security Controls?

Answer 5

• Administrative Security Control is a set of policies, procedures and practices that establish the framework of an organisation’s security.
• Physical Access contorl is the use of physical measures to protect assets and prevent unauthorised access.
• Technical Access contorl is implementing access through technology solutions to protect infromation systems and data.

Question 6

What are 4 ways of controlling access?

Answer 6

• Permissions
• Usage restrictions
• Data Encryption
• Firewalls.

Question 7

What is Data analytics?

Answer 7

Is the conversion of data into useful information that provides insight.

Question 8

What is Data Driven Business Decitions Model? Elaborate in each field.

Answer 8

• Data Capture and collection -> Data Correlation -> Reporting.
• Data Capture and COllection is acquiring data from various sources.
• Data Correlation is determining the relationships and patterns via processing.
• Data Reporting is the presentation of of processed data in a way that informs decision-making.