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Published by: ntinarora on May 04, 2011
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Information and System Concepts Unit 4

It is an asset of high value. Know how: Ability to apply knowledge in practice Wisdom: Judicious Use of know how & knowledge BUSINESS INTELLIGENCE A set of Information & knowledge entities.DATA No Character & No Value INFORMATION Has a character & Value KNOWLEDGE A information set built using principles. laws. . tools & technology. backed by systems. experience etc. organized to provide insight in the scenario.

and Tools to use it is a µBusiness Intelligence¶ .Facts without context is µData¶ Data processed in context is µInformation¶ Information processed in context is µKnowledge¶ Knowledge in context of application is µKnow-How¶ Know-how in context of right use is a µWisdom¶ Data/Information/ Knowledge/ Knowledge Assets & supporting infrastructure of systems.

Data is also turned into information by "presenting" it. is an Information. Purchase sales transactions. we come to know the reasons of education divide between genders. when processed with context. Knowledge: Knowledge is built from scratch by the learner through experience of application of information or by its analysis. Information: Data. knowledge is dynamic as it lives within us and changes with experience. Census data. gathering. Data is turned into information by organizing it so that we can easily draw conclusions. market research. such as making it visual or auditory. creation. Census data on education processed with gender attribute gives information on education divide.More on Data / Information / Knowledge Data: Data comes about through research. and discovery and through transaction processing. . On analysis of this information.

    .Illustration Data / Information / Knowledge Rainfall statistics: Data Analysis of data by seasons : Information Rainfall Pattern Model: Knowledge Knowledge & Models used for rain forecast: Business Intelligence.

7. Observation Experiment Survey Estimation Processing of Data/Transactions/ Events Purchase Source from Publications: Govt & Private bodies . 3. 5. 2. 4.Methods & Sources of Data and Information Collection 1. 6.

000 DATA    No character Has no value No meaningful response of any kind from the reader .000 9.000 12.Vehicle sales by month Jan Feb Mar Apr May 10.000 13.000 12.

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