Data - Raw Facts or Figures or sets of values, meaurements or records of Transactions
Information - Cosists of processed data or data with a context
Knowledge - Is derived from information by applying rules to it
Example:
Here is a list of numbers 4.31, 4.18, 4.29, 4.32 and 4.19. currenly this has no meaninng so it is data
However know we know that they are race times. becoming information
Next we know that the fastest time wins the race. this isa then Knowledge!
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