Question: Please explain what the difference between information, data and knowledge is? There are different types of information systems. Why businesses/organizations use different information systems? Competitive

  1. Please explain what the difference between information, data and knowledge is?
  2. There are different types of information systems. Why businesses/organizations use different information systems?
  3. Competitive advantage is so important for businesses or organizations. If you have a business, which generic strategy you would use for dealing with competitive forces? And how could you integrate the information systems to that strategy?
  4. Please explain virtual company by giving examples. And would you want be an owner virtual company? Why or why not?

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