Data/Information/Knowledge 1.Discuss the relationship between data, information, and knowledge. Support your discussion with at least 3 academically reviewed articles. (I need the articles which are u
Student 1:
1) Data is a set of undefined objects which are formed due to a course of action irrespective of the consequences and contain both useful and useless information which address aligned in an unorganized manner. Data does not comply with time or situation in which they do not even make sense of using it directly. Information is formed from data that is aligned in an organized manner or an organized set of data is known as information. Information is valuable data that provides meaningful data and can be used to accomplish various purposes. Information is critical to extract, use, and protect because information involves sensitive content, and hence, information is an adjunct to organizations to enhance performance. Knowledge is the ability of a separate or a group to make use of the acquired information in a sensible and elegant manner. The best use of information represents two knowledge of organizations (Araújo, Guimarães & Ferneda, 2016).
2) It becomes unpredictable for organizations to know what information should be acquired from what sources, but organizations have ideas about what information has to be acquired. The gap between these two aspects will make organizations to stifle between the need for information and the ability to acquire information. Even if they are able to acquire information, it is hard to manage the information because of a lack of technical sources and security aspects (Chen, You, & Ruan, 2020).
Hence, organizations are forced to leave or discard their information according to situations and their abilities. In order to acquire adequate information, organizations have to improve their security standards and incorporate effective technical resources. Moreover, firms should have to maintain a vision, and therefore, their goals and objectives lead organizations to gain the required information. This is the most important thing because inappropriate vision and clumsy ideologies of firms will not help companies to get adequate information as tend resources (Gillingham, 2014).
Student 2:
1. Information, Data, and Knowledge:
From the article by (Rowley, 2005), a great model to show the contrast between how data, information, and knowledge co-identify with one another. In a specialized assessment of the distinction between the data, information, and knowledge the worth chain begins from Data, Data is a crude source where the nature of data will be theoretical until the data is kneaded and handled. In a straightforward case situation data breaks in organizations will lead the programmer or penetrating gathering to a trove of data. be that as it may, this data will be in the crude organization which must be kneaded and handled to change over into information. The data doesn't manage quality or convenience. In short data all alone doesn't have significance yet the data fills in as the structure hinders in figuring the information.
As indicated by the article (Chisholm, and Warman, 2007), a form of Information is relevant data that is directed with precision and convenience. The information is gathered from the crude data by kneading and handling the data as per the requirements, and this prepared data with quality and precision will be considered to be information. The information must be basic and abstract to the prerequisite. When the information sources are resolved to be exactly the information source can be utilized as a wellspring of knowledge for taking it to characterize processor systems.
The article by (Probst, Raub, and Romhardt, 2006) characterizes Knowledge is a blend of logical exact information with the encounters, imminent data, and the knowledge that fills in as the fuel for organization systems and procedure and item advancements. Knowledge is the thing that we gained from the riddle of the information and in any reasonable organization structure the knowledge is recovered from the variable changes of information and approving them through experience a knowledge base will fabricate, and these knowledge bases direct the organization in surrounding for what's to come.
2. Information Deficiency Problem:
Information deficiency problem was a pivotal problem in the greater part of the organizations until the late 1900s however things started to change in the wake of understanding the criticality of information, presently all huge tech mammoths are battling for the information or data. furthermore, the organization with more information started to develop all the more reflectively. As the colloquialism goes information is riches and now information is vital to progress also. The significant purposes behind information deficiency are a restricted wellspring of information, innovative work of logical difficulties in an obscure stream, disappointment in changing over the data into important information.
The authors Ehret, Sparks, and Sherman, (2007) in their article talks about new startup organizations despite everything have the issues information deficiency where the innovative work of numerous organizations manage these issues also because the wellspring of information itself is extremely constrained and the approval of this information is impossible. To beat information deficiency, organizations should increase current standards of recruiting new sources and representatives, from the Information Deficiency Model, the more expert people and expanded number of sources become, the more opportunities to get and process data, and understand information which will be pivotal to organization achievement. The organization ought to spend endeavors on bringing outsider sources too to expand the data and compose it in different manners, which thusly becomes significant information.
