quiz 09-Aug-23

Who coined the term "Data is the new oil"?

• Clive Humby

• Ronald Coase

• Edward R Tufte

• Donato Diorio

Data used to be the new oil.

Why is it more like water today?

• Data is losing its value compared to oil

• Data is becoming watery and unstructured

• There is an abundance of data, yet most of it needs treatment before it can be used.

• Data is not combustible like oil, yet can put out fires like water

Answer explanation

Data needs _______ to become information

What is the difference between knowledge and wisdom?

• Information and knowledge are the same

• Wisdom includes learning from past results, while knowledge is only patterns from multiple data points over time.

• Knowledge accumulated over many years is called wisdom.

• Wisdom can be used for prediction, knowledge cannot.

Which is the world's largest knowledge management system

• UIDAI ADHAAR portal

• Google

• Chatgpt

• Microsoft