We will leave destiny, life and karma aside for this post.. Let's connect some dots to take a deep dive into the world of Analytics and Business Intelligence..
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| Everything's intentional. It's just filling in the dots. -David Byrne |
Here is the journey of Data to Wisdom:
- Data is just obtaining some raw facts. (Similar to collecting . . . . <4 dots in above pic>)
- Information is when data has some meaning; mostly by defining some relationships with in the dots (Consider this as trying to connect the 4 dots with each other)
- Knowledge is analyzing and synthesizing the information in order to give it a meaningful purpose. (Can we connect or relate this small piece with a bigger piece?)
- Wisdom is using knowledge to establish and achieve goals. It usually builds on the past by combining it with gut, judgement and experience to reveal a new understanding. (Making a pattern out of the connected dots for better understanding the bigger picture)
So how do we transform data into information and use our knowledge to covert it into wisdom?
Well its not that simple but here is a good info-graphics which gives a 30,000 ft view of how its done.
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| 30,000 ft view of Analytics and Business Intelligence |
Let's hope that you got some idea bout the WHAT and WHY part of it. To give a clear understanding of HOW these things are done- look out for upcoming posts on Business Intelligence, Data Mining and Big Data!
Feel free to share your feedback, suggestions (or just to say Hi) in the comments section! Happy Learning!
~Slice of BI
