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InformationThis is a discussion on Information within the F - I forums, part of the CAG - CORTEX Analytic Glossary category; Information is a collection of related data often transformed and aggregated about a topic. In business, that topic is often insight about an operational area or a performance ... |
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| Administrator | Information is a collection of related data often transformed and aggregated about a topic. In business, that topic is often insight about an operational area or a performance question. In analytics, information is often used interchangeably to mean data but data is actually best thought of as something that on its own carries no meaning. The main difference is in the level of abstraction being considered. Data is the lowest level of abstraction, information is the next level, and finally, knowledge is the highest level among all three. In order for data to become information, it must be interpreted and take on a meaning. An example (care of Wikipedia):: The height of Mt. Everest is generally considered as "data", a book on Mt. Everest geological characteristics may be considered as "information", and a report containing practical information on the best way to reach Mt. Everest's peak may be considered as "knowledge". Refer also to Data Refer also to Knowledge Refer also to Metadata |
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