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The core drivers of the information age include data, information, business intelligence, and knowledge. Realizing the value of obtaining real - time data from connected
The core drivers of the information age include data, information, business intelligence, and knowledge. Realizing the value of obtaining realtime data from connected things will allow you to make more informed decisions, identify new opportunities, and analyze customer patterns to predict new behaviors.
This activity is important because to compete in the information age, you need to understand the differences among data, information, business intelligence, and knowledge.
Instructions: For each example below, select whether it represents data, information, business intelligence, or knowledge.
Bestselling product
Bestselling product by month compared to sports season and city team wins and losses
Quantity ordered
Worst customer
Amount sold
Choosing not to fire a sales representative who is underperforming knowing that person is experiencing family problems
Worstselling product
Lowest sales per week compared with the economic interest rates
Listing products that are about to expire first on the menu
Customer number
Best customer
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