I did well on the first exam. Here is my favorite answer to one of the exam questions:
1. Information comes from data and knowledge comes from information. Knowledge is the range of understanding of information and data. Knowledge refers to how you understand business process as well as how well you know your suppliers and customers. Data is factual information and information is the quantifying of data. Knowledge changes at different levels. An example of data would be a series of facts or opinions. This data would then be process into quantified giving value to the series of data which turns the data into information. This information would be processed for understanding and then he or she would apply the knowledge acquired in some area of his or her life.
Here an example: A student has the following homework problem: Find the mean of the following numbers: 2, 4, and 6. The data would be the numbers: 2, 4, and 6. Understanding what the question is asking is from reviewing and processing all the data. Finally knowledge is used to formulate an answer using the average formula. The knowledge used to formulate the answer would be codified or explicit because it would be easy to explain how the answer is generated to another individual.
Thursday, February 15, 2007
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