Question: 1. Data is the raw facts and statistics. While information is the data that has been interpreted and then presented in a more meaningful context,

1.Data is the raw facts and statistics. While information is the data that has been interpreted and then presented in a more meaningful context, that allows a business tomake decisions from.

Based on the definitions above, explain the difference between the two components and how these two play their roles in the 21^st century business trend.

2.Ernst and Young listed out the 4 Vs characteristics of big data which are volume, velocity, variety, and veracity. Explain all four by elaborating them to a case study.

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Lets address the questions one by one Difference between Data and Information in 21st Century Business Trends Step 1 Define Data and Information Data Refers to raw unprocessed facts figures and statis... View full answer

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