Friday, December 16, 2011

How is data being converted to: Information, and then knowledge?

Date is the raw fact that it don’t have meaning it convert into information by organize the data so that they have meaning and value to the receiver , then the Information that has been organized and processed to transmit understanding, experience and expertise are apply to a current problem or activity , each company have different type of data , information and knowledge , also Mercedes Benz Company have their data , information and knowledge on Mercedes company The base line of sensible data is the ability to capture meaningful piece of information at the source. Data is classified to a user based on his roles and responsibilities and captured during the transaction process. This information is consolidated into two main categories – finance related and operations related. The Business Manager will be interested in both the financial aspects as well as the operations statistics primarily to understand the demand and supply capabilities and he is able to meet them. The operations manager whose focus is only on the floor will be interested only in the transactional achievements as well as statistics. “The authority matrix helps us in determining who would be interested in which kind of reports as well as their roles. Providing a secure and credible piece of information to the right user is the greater function of the IT. Consolidated dashboards are also provided to the Steering committee to meet questions like what If analysis” (Mr. Mohammed Sayed, 2011).

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