Consider the terms: information,data,and knowledge.From a statistical standpoint,list these terms in order of increasing usefulness in making decisions.
A)information,data,and knowledge
B)data,information,and knowledge
C)knowledge,information,and data
D)knowledge,data,and information

Question

Quizplus · Accepted Answer

Data is the raw material that is used to derive information, and knowledge is derived from information. Hence, data is the least useful, as it requires processing to extract insights or information. Information, on the other hand, is more useful than data as it helps to provide insights and is actionable. Lastly, knowledge is the most useful as it is the set of information that has been translated into a form that can be applied to real-world problems. Therefore, the correct order of these terms in terms of usefulness in decision-making is data, information, and knowledge, which is option B.

Consider the Terms: Information,data,and Knowledge