Describe the Information Age and the Differences Between Data, Information

question 183

Essay

Describe the information age and the differences between data, information, business intelligence, and knowledge.

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Definitions:

Transactive Memory System

A collective memory system within a group where members efficiently encode, store, and retrieve knowledge distributed among them.

Training

The process of teaching or learning a particular skill or behavior through practice and instruction over a period.

Team Effectiveness

The degree to which a team achieves its objectives, fulfills the requirements of its members, and sustains its survival and functionality over time.

Common Information Effect

The Common Information Effect is a group dynamic phenomenon where members tend to focus and give more importance to information that everyone in the group knows, rather than unique data held by few.