Malcolm
Online repository for experiments and tests for Malcolm Winslett.
- data
- Data is unprocessed facts and figures without any added interpretation or analysis.
"The price of crude oil is $80 per barrel."
- information
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Information is data that has been interpreted so that it has meaning for the user.
"The price of crude oil has risen from $70 to $80 per barrel" gives meaning to the data and
so is said to be information to someone who tracks oil prices.
- knowledge
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Knowledge is a combination of information, experience and insight that may benefit the individual or the organisation.
"When crude oil prices go up by $10 per barrel,
it's likely that petrol prices will rise by 2p per litre" is knowledge.
http://searchdatamanagement.techtarget.com/feature/Defining-data-information-and-knowledge