How information is obtained from Data? Explain with the help of an example. How is knowledge different from information? Explain the quality and value of information.

Information is obtained from data through a process of organizing, processing, and interpreting raw facts or figures to derive meaningful insights. For example, raw sales data from a company's transactions can be organized and analyzed to extract information about customer preferences, popular products, and sales trends.

Knowledge differs from information in that it involves understanding and context derived from information. It encompasses insights, understanding, and the ability to apply information effectively in various contexts. For instance, knowing why certain products sell better in specific demographics requires understanding market dynamics, consumer behavior, and industry trends.

The quality of information refers to its accuracy, reliability, relevance, and completeness. Valuable information provides insights that enable informed decision-making, contributes to problem-solving, and supports organizational goals effectively. Quality information is timely, accurate, relevant, and accessible, enhancing its value in decision-making processes.