Data, information and decisions - Deepstash
Data, information and decisions

Data, information and decisions

Curated from: seths.blog

Ideas, facts & insights covering these topics:

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Data

Data

Data can be found all around us.

The number of people entering and leaving a shop throughout the day is data, test scores of students on a mathematics test is also data.

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Information

Information

Turning data into information however, comes at a cost. It requires FOCUS, EFFORT & TIME.

Information is also only useful if it helps you make a decision.

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Decisions

Decisions

The data of people entering and leaving a shop can be used to find the times of the day when to have more cashiers at paypoints in the store. And, the test scores in the mathematics test can help find which students will write higher level and which ones will write standard level examinations.

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Conclusion

Conclusion

In the world of smartphones, all types of data flood our screens and fight for our attention. But how much of this data do we use to make our day to day decisions? If we aren't using it to make decisions then is it really worth our time?

If you can't do anything with the data, it will never be information.

If it's not helping you make decisions it's probably not worth your time either.

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IDEAS CURATED BY

tebohomatsoha

An aspiring writer. Loves reading, walking and spending time with my wife.

CURATOR'S NOTE

A good heuristic to determine what is worth your time and what is not.

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Teboho Matsoha's ideas are part of this journey:

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