Week 11- Building Knowledge

Data, information and knowledge
Data: is raw it has no significance beyond its existence
Information: is data that has been given meaning by the way of relation connection
Knowledge: the collection of information to be intended to use again

Importance
Data: valid unbiased data is essential otherwise there would be no information
Information: must be used to inform and must be related to data
Knowledge: a justification from the data and information and is subjective

Examples
Data: price, shares, exchange rates, weather, census data
Information: historical information, records, budgets, minutes of meetings
Knowledge: white papers, press releases, marketing strategies

Strategies for assignment work
Highlight keywords of a question given to you and not known the meaning research them.
Data: begin your assignment by researching facts statistics etc. to assist in forming an idea about the subject by getting factual information it will back up statements and observations.
Information: begin building your assignment with information collected which relates to the data a pattern will emerge which will help you to structure the assignment
Knowledge: the composition phase of the assignment, make your own judgements based on the information you have collected

Definitions
Data: individual facts, statistics or items of information
Information: knowledge communicated or received concerning a particular fact or circumstance, the act or fact of informing
Knowledge: acquaintance with facts, truths, or principles, as from study or invesigation