Knowledge
Information
Data
Understanding the difference between Data,
Information & Knowledge
Raw, unevaluated facts
and figures
Stored in data
warehouse
Example: Feedback of
customers
No meaning in itself
Data
Meaningful and useful
for decision making
Involves communication
and reception
Example: Solving the
problems of customers
by investigating
feedback form
It notifies, reduces
uncertainties and
stimulates to take action
Information
(Relevant, Timely,
Accurate & Cost
effective)
Efficient handling of the
information
It availability to right
person at right time
Example: Developing
product so customer
doesn't encounter same
problem in future.
Enhance learning
Knowledge

Understanding the difference between Data, information and knowledge

  • 1.
    Knowledge Information Data Understanding the differencebetween Data, Information & Knowledge
  • 2.
    Raw, unevaluated facts andfigures Stored in data warehouse Example: Feedback of customers No meaning in itself Data
  • 3.
    Meaningful and useful fordecision making Involves communication and reception Example: Solving the problems of customers by investigating feedback form It notifies, reduces uncertainties and stimulates to take action Information (Relevant, Timely, Accurate & Cost effective)
  • 4.
    Efficient handling ofthe information It availability to right person at right time Example: Developing product so customer doesn't encounter same problem in future. Enhance learning Knowledge