reflection on the relationship between data, facts, information, wisdom. Interrelationships, DIFFERENCES form of manipulation. data represents a set of basic information, because they must be prepared to become INFORMATION.
In an enterprise there is a huge amount of data arising out of daily operations and management.
So we can say that we first collect the facts that are transformed into data properly stored before being processed to create details. The place it
KNOWLEDGE within the first rung of the hierarchy because it enables the top management to use data and information to make decisions and take actions.
Knowledge is not a synonym for information that is generated through a process of analyzing information in order to make explicit the tacit knowledge. The further development of knowledge is configured as a fundamental support of the decision points related to the development of a project, it becomes knowledge.
