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Summary Business Decision Modelling Learning Unit 1

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Learning Unit 1
Differentiate Between Data and Information
 Data: Raw facts and figures without meaning.
 Example: 23, Johannesburg, 85%
 Information: Processed data that has meaning and is useful for decision-making.
 Example: “23 students from Johannesburg passed with an 85% average.”

Key difference: Data is raw input, Information is meaningful output


Differentiate Between Structured and Unstructured Data
 Structured Data: Organized and stored in tables or spreadsheets. Easy to search and
analyse.
 Example: Excel spreadsheets, databases.
 Unstructured Data: No specific format or structure. Difficult to organize/analyse without
special tools.
 Example: Emails, videos, social media posts, images.
 Requires advanced tools to analyse (AI, machine learning)

Feature Structured Data Unstructured Data
Format Organized (table) Unorganized (media)
Storage Databases File systems, cloud storage
Examples Sales database WhatsApp voice note


Differentiate Between Quantitative and Qualitative Data
 Quantitative Data: Numerical data that can be measured and calculated
 Example: sales totals, average goals
 Qualitative Data: Descriptive data that expresses qualities or characteristics, not mathematic
 Example: customer feedback
 Ratings (1–5 stars) = quantitative, free-text reviews = qualitative
 If it can be counted, it's quantitative. If it describes, it’s qualitative



Explain the Purpose of Data in Business
 Regulatory compliance: accurate records required by law (e.g., tax, finance)
 Decision-making: measure, control, improve business processes
 Key uses:
 Find new customers
 Retain customers
 Improve products/services
 Predict sales trends


Identify the Sources of Data in Business
 Internal = generated inside the business (e.g., sales, payroll, stock, company reports)
 External = generated outside the business (e.g., market research, competitor analysis, social
media)
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