The DIKW Pyramid
Posted: Mon Dec 23, 2024 6:06 am
With so much data being collected by organizations, it can be a challenge to know how to manage and analyze it properly. Enter data management systems and tools...
Data management systems help 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 relationsh cell phone number search philippines ip between data, information, knowledge, 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 them in turn and then at the tools applicable to each.
Data
This step on the pyramid refers to the collection of 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 capture
Data management systems help 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 relationsh cell phone number search philippines ip between data, information, knowledge, 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 them in turn and then at the tools applicable to each.
Data
This step on the pyramid refers to the collection of 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 capture