Discuss the relationship between data, information, and knowledge

Field: Information Systems

Week 2 Discussion

1.  Discuss the relationship between data, information, and knowledge. Support your discussion with at least 3 academically reviewed articles.
2.  Why do organization have information deficiency problem? Suggest ways on how to overcome information deficiency problem.
Please use APA throughout. 
Post your initial response no later than Friday of week 1. Please note that initial post not completed on the due date will receive zero grade. See class syllabus for late assignment policies. Review posting/discussion requirements
Read and respond to at two (2) of your classmates no later than the last day of week 1. In your response to your classmates, consider comparing your articles to those of your classmates. Below are additional suggestions on how to respond to your classmates’ discussions:
· Ask a probing question, substantiated with additional background information, evidence or research.
· Share an insight from having read your colleagues’ postings, synthesizing the information to provide new perspectives.
· Offer and support an alternative perspective using readings from the classroom or from your own research.
· Validate an idea with your own experience and additional research.
· Make a suggestion based on additional evidence drawn from readings or after synthesizing multiple postings.
· Expand on your colleagues’ postings by providing additional insights or contrasting perspectives based on readings and evidence.
Read and respond to at two (2) of your classmates: 150 words
Classmate 1:
1.  What are the business costs or risks of poof data quality? Support your discussion with at least 3 references.
The building blocks of all systems is understanding and applying the following terms.
• Data
• Information
• Knowledge
DATA: Despite being hugely useful and everyone talking about how we live in, data on its own has a little or no meaning. It is raw and unprocessed. An example of data might be as simple as the number 100. This could be absolutely anything. Remember if we does not mean anything to you it is classified as DATA.
INFORMATION: Information must inform you of something. In other words, it must have a meaning. At this stage, you will have processed data and put it into context. For example, if we say 100 students, this adds meaning. However, this does not really inform us of anything. We need to put it into context. Adding the context by saying, 100 students are travelling to some place. We can say INFORMATION = DATA + MEANING + CONTEXT
KNOWLEDGE: Empowers us to make right decisions. We need to make an informed decision using the information we have. If we add, how the 100 students will get there. They cannot travel by aircraft as there may be no enough room, so they decide to travel by train. Therefore, knowledge is the process of applying a set of rules to information to help us make decisions.
2. Why do organization have information deficiency problem? Suggest ways on how to overcome information deficiency problem.
It’s difficult to comprehend what information that will be useful later. At that point regardless of whether we are informed or not one should have the capacity to yield required information somehow.  How would you quantify fulfillment, or advance towards an objective/change? Then we can overcome the information deficiency problem in organizations by storing and presenting that information in a way that is really useful. On the off chance that the information isn’t introduced well at the time choices are being made then most this work is lost.
Classmate 2:
Relationship between Data, Information and knowledge
The three words Data, Information and knowledge involves lot of fundamental concepts in the field of management along with the enterprise level understanding. Talking about data it is basically a raw form that is made out of observations and calculations. So basically data is nothing but information that is translated into a certain form that is effective for any process. This data is converted into binary digital form. Data is stored in different forms such as video files, audio files and also text, data is stored in certain formats.
Information is the result that is obtained from data that is processed that is useful to make beneficial for the users. Information is created by understating the relationships and also the link between the data. It is very important to know where, when and how do we get the information, this mainly useful for decision making in any organization. Information is mainly to take any kind of action and this further leads to the stage of knowledge and understating.
Knowledge is the tedious concept to define this can be referred to information that is being processed and structured in a certain manner to implement it into action. But this knowledge can be shared in the form of information and this turns out to be knowledge. So basically knowledge created for information to proceed for an action.
The relationship can be seen as attraction for an individual’s attention it very clean from the above definitions as any of the field above cannot be seen individually it is different form of understanding for taking information and knowledge, so this in depth seen as a linear sequence from one place to another in the form of data. But not in all the cases and scenarios this relationship is clear and straight it differs from org to org and separated by data models as well.
Deficiency problems in the organization
Basically any organization that lacks proper management leads to failure business small or big gets all their forces from the economy. Of course there is no instant solution for any business or an organization. Any problem cannot be eliminated immediately but can be mitigated and be avoided slowly. Having a wrong planning or designing a wrong marketing would lead to deficiencies, basically any business usually is product oriented and service oriented sometimes a customer based business.
So any individual should be able to identify what exactly is the business need, plan should be apt and budget also should be designed in an efficient manner one should not overestimate the calculation. It is always essential to know your audience and try to reach the organizations target accordingly. Financial support if also one of the manor deficiencies in an organization, any business to kick start is a tedious task so one must be sure about it and well prepared for their future scenarios. Calculating current profits we cannot estimate future business.
Bad customer service is one of the major deficiencies to the organization, when a company cannot meet the customer requirements and is not able to satisfy the customer with the product or service it is always got to dig deep and find solution accordingly one must find an alternate source that can handle the customers in a better manner.
The deficiencies can be avoided by having better management such as understanding and analyzing the information and satisfying customer needs for their respective business. Reducing the over load of information such as cutting down content. Auditing the companies outputs in regular intervals will make the work flow proper.