Information systems, data, and knowledge
Case Assignment Module 1 Each company has an information system that uses data, knowledge, and information in order to make operations more effective. Although this system may vary, each company records some type of data, analyses it, and uses the feedback to make decisions or changes through tout the company. This is having an information system within the company. Throughout this essay, information systems will be discussed and applied to information theory. To begin, it is important to understand each component of an information system. There is data, knowledge, and knowledge. These three terms have general meaning that apply to, and interact within an information system. Although these terms are generally interchangeable, they have very different meanings in relation to Information Systems Theories (Nickerson & Zenger, 2004).
Data refers to the records that are used from observations, experiments, and statistical formulations. Thus, data is collected, recorded, and used as evidence for the particular company or organization. Data can be observations or actual numbers pulled from sales reports and other financial documents. Additionally, this data is used to obtain information about decision-making and changes that the company needs to make. Information is gathered by analyzing the data that is collected. In other words, it is a process of taking data and making sense of it. Generally, information is considered as the meaningful data that are appropriately converted and managed by the organizational managers with the use of conversion process (Liew, 2007).
Additionally, Knowledge describes the relationship between data and information. Knowledge can be described as the interpretation or application that one gets from the information gathered from the data. Thus, knowledge is proper collection of information that is useful for the organizational purpose to attain competitive advantage and superior performance (Nickerson & Zenger, 2004). In n
Data refers to the records that are used from observations, experiments, and statistical formulations. Thus, data is collected, recorded, and used as evidence for the particular company or organization. Data can be observations or actual numbers pulled from sales reports and other financial documents. Additionally, this data is used to obtain information about decision-making and changes that the company needs to make. Information is gathered by analyzing the data that is collected. In other words, it is a process of taking data and making sense of it. Generally, information is considered as the meaningful data that are appropriately converted and managed by the organizational managers with the use of conversion process (Liew, 2007).
Additionally, Knowledge describes the relationship between data and information. Knowledge can be described as the interpretation or application that one gets from the information gathered from the data. Thus, knowledge is proper collection of information that is useful for the organizational purpose to attain competitive advantage and superior performance (Nickerson & Zenger, 2004). In n
References: Lerner, V.S. (2004). Introduction to information systems theory: concepts, formalism and applications. International Journal of Systems Science archive, 35 (7), 1-10. Levinson, M. (2007). Knowledge Management Definition and Solutions. Retrieved March 6, 2012 from http://www.cio.com/article/print/40343 Liew, A. (2007). Understanding Data, Information, Knowledge And Their Inter-Relationships. Journal of Knowledge Management Practice, 8 (2), 1-8. Nickerson, J.A. & Zenger, T.R. (2004) A Knowledge-Based Theory of the Firm: The Problem Solving Perspective. Organization Science 00 (0), 1-16.