Capture Data And Turn It Into Information

How much would "perfect" information be worth to you? How much would you pay for it? If I could tell you with certainty where the economy, or the stock market, or interest rates would be over the next 2 to 3 years, wouldn't that be worth a lot to you? Of course, there is no such thing as perfect information. - We live in a world of uncertainty. But, real information does have value and you should be willing to pay something for it. Getting actionable information is an investment. It takes time, money, and discipline to collect information but it can pay a huge dividend. There's a difference between data and information. Data is factual items collected over time. It's raw material for good information. To be valuable, data must be organized in a meaningful way and then analyzed. Information is knowledge and understanding that helps you make decisions with more certainty. Good information is actionable - you can do something with it, or because you have it.