GE Elective 1.1 Flashcards
refers to raw, unporcessed facts or figures. It can be numbers, symbols, characters, or any unorganized representation of facts.
Data
Characteristics of Data (3)
-Raw and unrefined
-Lacks context or meaning on its own
-can be quantitative (e.g., numbers) or qualitative (e.g., descriptions)
is a processed data that has been organized, structured, or interpreted to make it meaningful and useful.
Information
Characteristics of Information: (3)
-contextualized and relevant
-provides answers to who, what, where, and when
-used for decision-making and problem-solving
Types of Data (3)
- Structured Data
- Unstructured Data
- Semi-structured Data
organized and formatted in a way that is easily searchable and analyzable.
Structured Data
Characteristics:
- stored in databases or spreadsheets
- follows a predefined model (e.g., rows and columns)
Structured Data
data that lacks a predefined format or organization.
Unstructured Data
Characteristics:
- difficult to analyze using traditional methods
- includes text, images, videos, and audio
Unstructured Data
3.data that is not fully organized but contains tags or markers to separate elements.
Semi-structured Data
Characteristics:
- combines features of structured and unstructured data
- often stored in JSON or XML formats
Semi-structured Data
5 Uses of Data and Information
- Decision-Making
- Problem-solving
- Strategic Planning
- Operational Efficiency
- Innovation
help individuals and organizations make informed decisions.
Decision-making
provides insights to identify and resolve issues.
Problem-solving
data-driven insights guide long-term strategies and goals.
Strategic Planning
data helps optimize processes and reduce costs.
Operational Efficiency
information fuels creativity and the development of new products or services.
Innovation
3 Types of Information
- Operational Information
- Tactical Information
- Strategic Information
information used for day-to-day operations and activities.
Operational Information
Characteristics:
- short-term focus
- datailed and specific
Operational Information
information used for short-term planning and decision making.
Tactical Information
Characteristics:
- focuses on achieving specific goals
- summarizes operational data
Tactical Information
Information used for long-term planning and decision-making.
Strategic Information
Characteristics:
- broad and forward-looking
- focuses on overall organizational goals
Strategic Information
refers to the collective insights, expertise, and information that an organization possesses which can be used to improve decision-making, innovation, and performance.
Organizational Knowledge
2 Types of Knowledge
- Explicit Knowledge
- Tacit Knowledge
formal, documented knowledge (e.g., manuals, reports)
Explicit Knowledge
informal, experience-based knowledge (e.g., skills, intuition)
Tacit Knowledge
4 the Role of IT System’s in Knowledge Creation
- Data Collection
- Data Processing
- Information Generation
- Knowledge Creation
IT systems gather raw data from various sources (e.g., sensors, databases, user inputs).
Data Collection
IT systems organize, clean, and analyze data to generate meaningful information.
Data Processing
Processed data is transformed into actionable insights.
Information Generation
Information is combined with experience and expertise to create organizational knowledge.
Knowledge Creation
