Yes. there are big difference in among Data , Information and Knowledge.
Data is unprocessed facts and figures without any added interpretation or analysis. For example ---"The price of crude oil is $80 per barrel."
Information is data that has been interpreted so that it has meaning for the user.
For example-"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.
Knowledge is a combination of information, experience and insight that may benefit the individual or the organization. "When crude oil prices go up by $10 per barrel, it's likely that petrol prices will rise by 1INR per liter" is knowledge.
Kiron explained it in very interesting way .I agree with him. Saving Changes...
Data is raw eggs
Information is boiled eggs
Knowledge is a Cobb Salad
best short description Saving Changes...
Deepesh RammoorthyICT Project Manager ( PMP®AgilePM®Certified ScrumMaster® (CSM®))| Australian Red Cross Blood ServiceTarneit, Vic, Australia
Data = Something doesn't Look right . I need to check to make sure
Information = I have been told that this is risky
Knowledge = I told you so , because i have been there and it was risky Saving Changes...
"More than any time in history mankind faces a crossroads. One path leads to despair and utter hopelessness, the other to total extinction. Let us pray that we have the wisdom to choose correctly."
