Please prove detail answer for the question blew, thank you so much. 1. Provide

Question

Please prove detail answer for the question blew, thank you so much.

1. Provide five examples of categories of data that may be collected from a family restaurant chain. Provide five examples of information that could be gathered from your data. What if we reverse the roles of data and information? Can information lead to     data? Can knowledge lead to information? How does wisdom come into play? Explain it.

2. Provide some examples of transforming unstructured data into structured data. Can structured data be transformed into unstructured data? Explain it.

3. From a management perspective, comment on how managers should understand the distinction between these two structural categories. Provide examples to support answer.

4. Examine Web sites that offer data for financial markets, stocks and bonds, etc., such as: https://finance.yahoo.com.  What are some issues of data inconsistency that can occur when examining stock data for your favorite publicly traded companies?

5. Referring to the firm’s attempts to design their quiz application, comment on some issues that could occur between the back - end database development team and the front - end design team.

6. What are the potential costs of implementing a database system?

Explanation / Answer

1. In a restaurant chain there are numerous data options that can be collected right from kitchen,staff,inventory to the customers and the social media. The five types of data that can be collected are:

The information that can be gathered from each of the above mentioned data is as follows:

It is difficult to reverse the role of data and information because data itself is always in raw form,it will always be in the form of facts and figures whereas information is meaningfull data,when those raw facts and figures are arranged in a sensible way then only information is obtained.

It is not possible to always extract data from information,for example if we have a information that the most preffered dish of the restaurant is chinese choupsey,now it is impossible to extract data from this information because this information is concluded after gathering a data of around 100 customers.

It might be possible to conclude information from knowledge since knowledge means the possesion of information,facts and figures.

Wisdom means when we take a decision based on the knowledge that we have.

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