DATA, INFORMATION AND KNOWLEDGE

DATA, INFORMATION AND KNOWLEDGE 

Data is raw material with which we start and information is the finished product.

For example, look at the following links:

1234           5000.00

2345           7000.00

3456           4500.00

2571           8000.00

You would agree that the above lines contain data. But in the present form, the above data is useless. Let me now put the data in the proper context as follows:

Account Number	Money withdrawn on 25/02/2014
1234	5000.00
2345	7000.00
3456	4500.00
2571	8000.00

 

The data is now usable and we can process it to extract information such as the amount withdrawn from account number 1234 is 5000.00. We can consolidate the data and extract the information that Rs. 24500.00 were withdrawn on 25/2/04.

Information has been defined as :

Data that have been put into a meaningful and useful context and communicated to a recipient who uses it to make decisions it reduces uncertainty, reveals additional alternatives or helps eliminate irrelevant or poor ones.

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