Week 11 Building knowledge

Main points on lecture

• Definitions: Datum: A fact or proposition, Information: A collection of facts or data that relate to each other, Knowledge: The sum or range of what has been perceived, discovered, or learned



• Data Characteristics: factual, non-judgmental, non-inferential, transient, has no intrinsic “meaning” and has no intrinsic “value”.



• Information Characteristics: Summative, relational, dimensional, permanent, has meaning and uncertain.



• Knowledge characteristics: inferential, experiential, judgmental, subjective and very valuable.This is a screen capture of the data, information and knowledge triangle.

Understanding the relationship in between data, information, and knowledge can assist my university study because data exists with no meaning of itself while information is a collection of data that has meaning because of the relationships between data within the information and it becomes knowledge when the information is becoming useful. Data usually relates to the research phase in an assignment, while information is the building phase of the assignment where all the parts that you have collected are gathered together and begin to have a meaning. Knowledge becomes a main part of your assignment when you can predict or make a judgment based on the information that has been collected.

• Banks. Collects various types of information from clients in order to secure their money and keep it safe; by having their details in certain depth as a restriction of taking money out.
• Centrelink. This company collects information from their clients in order to make sure that they distribute the right amount of money for the right people.
  CIA. They round up information in order to protect US citizens and help out the US military.
• Insurance companies. They collect information to find out about the fee that they charge whether it is suitable to their policy and prices or not.
• Emailcash. They collect information as market surveys in order to find out whether some new products will sell on the Australian market or not.