Make an outline of the text.

Date: 2015-10-07; view: 552.

TEXT 1

Information systems might differ wildly in form and application but essentially they serve a common purpose which is to convert data into meaningful information which in turn enables the organisation to build knowledge:

Datais unprocessedfacts and figures without any added interpretation or analysis. “The price of crude oil is $80 per barrel.”

Informationis 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.

Knowledgeis 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.

The boundaries between the three terms are not always clear. What is data to one person is information to someone else. To a commodities trader for example, slight changes in the sea of numbers on a computer screen convey messages which act as information that enables a trader to take action. To almost anyone else they would look like rawdata. What matters are the concepts and your ability to use data to build meaningful information and knowledge.