Business Studies, asked by raffi3198, 3 months ago

What role does the Data, Information, Knowledge, Wisdom (DIKW) pyramid play in managing a data-driven project?​

Answers

Answered by Anonymous
19

Answer:

Explanation:

It serves as a circular model to understand the free flow of data throughout an organization. It serves as a linear model to show the various ways of extracting insights and value from all. types of data

Answered by aditijaink283
3

Answer:

To comprehend the free flow of data within a company, it functions as a circular model.

Explanation:

The relationships between data, information, knowledge, and wisdom are depicted by the DIKW Pyramid. Each component of the structure is a step up the ladder; data comes first, followed by information, knowledge, and wisdom. Each stage adds value to the initial data and provides answers to various inquiries regarding it. We gain more information and insights from our data when we add meaning and context, which enables us to make better, informed, and data-based decisions. The Data, Information, Knowledge, and Wisdom (DIKW) Pyramid is a common representation of the relationships between data, information, knowledge, and wisdom. It is also referred to by the terms Knowledge Pyramid, Wisdom Hierarchy, and Information Hierarchy.

Hence , the answer to the question is To comprehend the free flow of data within a company, it functions as a circular model.

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