data that has been processed to give context and meaning
2 of 13
what is knowledge?
applying rules to information to make decisions
3 of 13
describe encoding data
converting data into a code for processing by a computer system
4 of 13
advantages of codes
short, take up less storage, less time to enter into the system
5 of 13
problem with encoded data
data may be coarsened (looses accuracy),need a list of the meanings of the code, value judgements
6 of 13
what is value judgements?
matter of opinion rather than fact
7 of 13
example of coarsened data
the colour paint is light blue but it is coded as blue (generalised)
8 of 13
what are the cost of data collection
fc - employing an expert to design the forms, buying information from a 3rd party - hrc- cost of employing staff to sort questionnaires, cost of specialists staff to get data from 3rd party -tc- creating online forms takes time
9 of 13
data processing costs
fc- cost of ink and paper, cost to transfer data, cost of backing up data - hrc- cost of staff to oversea batch processing, cost of staff to anywise information- tc- takes time to process reports, backing up data takes time
10 of 13
give an example of how up-to-date information effects a business
a holiday company book hotel rooms for next year using data from last year they may over/under-book rooms due to changes in demand
11 of 13
give an example of understandable information
information can be presented through charts and tables and need to be communicated using an appropriate method e.g.email
12 of 13
give an example of accurate information
incorrectly recorded stock levels may lead to over-ordering which would cost the business Money
13 of 13
Other cards in this set
Card 2
Front
what is information?
Back
data that has been processed to give context and meaning
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