Chapter 2 - Data, Information, Knowledge

Question 1

Extended definition of data

Answer 1

Data is the raw material from which information is produced. The quality, reliability and integrity of the data must be maintained for the information to be useful.

Question 2

Basic definition of information

Answer 2

Information is data that has been processed, structured and put into context so that it conveys meaning to the person receiving it.

Question 3

Extended definition of information

Answer 3

Data is necessary first in order to have information. Once data is structured it can become information because it can have meaning in a particular context.

Question 4

Define knowledge

Answer 4

Knowledge consists of data/information that has been processed, organized and put into context to be meaningful and also to convey understanding, experience, accumulated learning and expertise as they apply to a current problem or activity.

Question 5

Extended definition of knowledge

Answer 5

When raw data is structured and processed into information so that the expertise is transferred to a person for effectively addressing a problem, then the raw data has been transformed into knowledge.

Question 6

Basic definition of data

Answer 6

Data or raw data refers to a basic description of products, customers, transactions, events that are recorded classified and stored.