Data Management Systems and Tools

Data management systems help. Therefore, organizations optimize the use of data to make decisions and take actions that will maximize the benefits to the organization. The systems do this by collecting, processing, securing, and storing data in a way that can be used for strategic decision-making.

This can be explained further by looking at the DIKW pyramid.

The DIKW pyramid represents the Therefore, relationship between datainformationknowledge, and wisdom. Each building block is a step towards answering different questions about data collection and adding value to it. You can answer questions like, where are my sales likely to come from next year or who are my top customers? The more data that can be enriched with meaning and context, the more knowledge and insights can be extracted.

What role does each

of the steps play? Let’s look at each of scrape google search results them in turn and then at the tools applicable to each.
scrape google search results

Data

This step on the pyramid refers to the collection of. Therefore, discreet facts about events in the form of numbers, characters, and specific or relative values that an organization can gather. Essentially, this is every piece of data that is being captured, known as raw data.

The key activities to be performed at this stage are:

Information

Once irrelevant data has been removed, the task uab directory is to seek out key pieces of information from the data. This information should be relevant to the organization, and its decision-making.

Knowledge

Using the key pieces of information from. Therefore, the data, you can then develop them into knowledge. In essence, this means deciding if the information can be developed into something of intellectual value and used to help formulate a robust strategy.

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