{"id":3273,"date":"2023-02-19T16:18:57","date_gmt":"2023-02-19T16:18:57","guid":{"rendered":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/fresh-take-17-2-how-businesses-use-information\/"},"modified":"2023-07-23T19:37:16","modified_gmt":"2023-07-23T19:37:16","slug":"fresh-take-17-2-how-businesses-use-information","status":"publish","type":"chapter","link":"https:\/\/content.one.lumenlearning.com\/introductiontobusiness\/chapter\/fresh-take-17-2-how-businesses-use-information\/","title":{"raw":"Fresh Take 17.2: How Businesses Use Information","rendered":"Fresh Take 17.2: How Businesses Use Information"},"content":{"raw":"<section class=\"textbox learningGoals\">\r\n<ul>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand the difference between data and information&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14720,&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand the difference between data and information<\/span><\/li>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Recognize different types of data that businesses collect&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14720,&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Recognize different types of data that businesses collect<\/span><\/li>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand the difference between data mining and data warehousing&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14720,&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand the difference between data mining and data warehousing<\/span><\/li>\r\n \t<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Explain how businesses use information&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14720,&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Explain how businesses use information<\/span><\/li>\r\n<\/ul>\r\n<\/section>\r\n<h2>Business Data<\/h2>\r\n<section class=\"textbox connectIt\"><iframe src=\"\/\/plugin.3playmedia.com\/show?mf=9688748&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=qtn0gOsBOLI&amp;video_target=tpm-plugin-10bbm64o-qtn0gOsBOLI\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe>\r\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/Level1ComputingLesson5DataversusInformation.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cLevel 1 Computing Lesson 5: Data versus Information\u201d here (opens in new window).<\/span><\/a><\/p>\r\nhttps:\/\/youtube.com\/watch?v=Lb6Gi6IR-Kc&amp;si=EnSIkaIECMiOmarE\r\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/WhatisDataCollectionHowDataisCollected.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cWhat is Data Collection? How Data is Collected\u201d here (opens in new window).<\/span><\/a><\/p>\r\n<iframe src=\"\/\/plugin.3playmedia.com\/show?mf=9688749&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=AHR_7jFCMeY&amp;video_target=tpm-plugin-94p5wfux-AHR_7jFCMeY\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe>\r\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/WhatIsaDataWarehouse.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cWhat Is a Data Warehouse?\u201d here (opens in new window).<\/span><\/a><\/p>\r\nhttps:\/\/youtube.com\/watch?v=Hc83GcMKW_8&amp;si=EnSIkaIECMiOmarE\r\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/HowOnlineDataIstheNewOilNiallFergusonsNetworl.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cHow Online Data Is the New Oil | Niall Ferguson\u2019s Networld | PBS\u201d here (opens in new window).<\/span><\/a><\/p>\r\n\r\n<\/section>","rendered":"<section class=\"textbox learningGoals\">\n<ul>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand the difference between data and information&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14720,&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand the difference between data and information<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Recognize different types of data that businesses collect&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14720,&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Recognize different types of data that businesses collect<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Understand the difference between data mining and data warehousing&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14720,&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Understand the difference between data mining and data warehousing<\/span><\/li>\n<li><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;Explain how businesses use information&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:14720,&quot;10&quot;:0,&quot;11&quot;:4,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:0},&quot;15&quot;:&quot;Calibri&quot;,&quot;16&quot;:10}\">Explain how businesses use information<\/span><\/li>\n<\/ul>\n<\/section>\n<h2>Business Data<\/h2>\n<section class=\"textbox connectIt\"><iframe loading=\"lazy\" src=\"\/\/plugin.3playmedia.com\/show?mf=9688748&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=qtn0gOsBOLI&amp;video_target=tpm-plugin-10bbm64o-qtn0gOsBOLI\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><\/p>\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/Level1ComputingLesson5DataversusInformation.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cLevel 1 Computing Lesson 5: Data versus Information\u201d here (opens in new window).<\/span><\/a><\/p>\n<p><iframe loading=\"lazy\" id=\"oembed-1\" title=\"What is Data Collection? How Data is Collected\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/Lb6Gi6IR-Kc?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/WhatisDataCollectionHowDataisCollected.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cWhat is Data Collection? How Data is Collected\u201d here (opens in new window).<\/span><\/a><\/p>\n<p><iframe loading=\"lazy\" src=\"\/\/plugin.3playmedia.com\/show?mf=9688749&amp;p3sdk_version=1.10.1&amp;p=20361&amp;pt=375&amp;video_id=AHR_7jFCMeY&amp;video_target=tpm-plugin-94p5wfux-AHR_7jFCMeY\" width=\"800px\" height=\"450px\" frameborder=\"0\" marginwidth=\"0px\" marginheight=\"0px\"><\/iframe><\/p>\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/WhatIsaDataWarehouse.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cWhat Is a Data Warehouse?\u201d here (opens in new window).<\/span><\/a><\/p>\n<p><iframe loading=\"lazy\" id=\"oembed-2\" title=\"How Online Data Is the New Oil | Niall Ferguson\u2019s Networld | PBS\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/Hc83GcMKW_8?feature=oembed&#38;rel=0\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p class=\"p1\">You can view the <a href=\"https:\/\/course-building.s3.us-west-2.amazonaws.com\/Intro+to+Business\/transcripts\/HowOnlineDataIstheNewOilNiallFergusonsNetworl.html\" target=\"_blank\" rel=\"noopener\"><span class=\"s1\">transcript for \u201cHow Online Data Is the New Oil | Niall Ferguson\u2019s Networld | PBS\u201d here (opens in new window).<\/span><\/a><\/p>\n<\/section>\n","protected":false},"author":21,"menu_order":13,"template":"","meta":{"_candela_citation":"[{\"type\":\"copyrighted_video\",\"description\":\"Level 1 Computing Lesson 5: Data versus Information\",\"author\":\"Computer Applications Technology\",\"organization\":\"\",\"url\":\"https:\/\/www.youtube.com\/watch?v=qtn0gOsBOLI\",\"project\":\"\",\"license\":\"arr\",\"license_terms\":\"Standard YouTube License\"},{\"type\":\"copyrighted_video\",\"description\":\"What is Data Collection? 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