{"id":1490,"date":"2019-05-17T17:49:31","date_gmt":"2019-05-17T07:49:31","guid":{"rendered":"https:\/\/comprara.com.au\/procurement-glossary\/data\/"},"modified":"2020-11-06T03:56:59","modified_gmt":"2020-11-06T03:56:59","slug":"data","status":"publish","type":"glossary","link":"https:\/\/www.comprara.com.au\/procurement-glossary\/data\/","title":{"rendered":"Data"},"content":{"rendered":"<p>Data refers to qualitative or quantitative variables.  Data is unstructured <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Information&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Information can be defined as structured data.  For example, a list of all purchase orders is raw data.  The list is then sorted by supplier, to provide meaning over and above the raw data, by revealing patterns.  Typically there will be many suppliers having received only a few purchase orders.  That information could be a factor in a decision to reduce the supply base.  There may also be suppliers who have received multiple purchase orders, and that information may be a factor in a decision to change the method of purchase, perhaps to a procurement card.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/information\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>information<\/a>, such as individual order values for a given <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Category&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;A grouping of related goods or services based on similar characteristics.  For example, packaging as a category may include a variety of different goods and materials, all of which share a common purpose.  Each category may be further divided into sub-categories based on physical characteristics, such as plastic packaging, or cardboard packaging.  Categories are often part of a hierarchy of classification, sometimes called taxonomy, though one of the most widely used, the UNSPSC does not use the term category.  See also UNSPSC.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/category\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>category<\/a>.  When totalled, the structuring of the data changes the data into <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Information&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Information can be defined as structured data.  For example, a list of all purchase orders is raw data.  The list is then sorted by supplier, to provide meaning over and above the raw data, by revealing patterns.  Typically there will be many suppliers having received only a few purchase orders.  That information could be a factor in a decision to reduce the supply base.  There may also be suppliers who have received multiple purchase orders, and that information may be a factor in a decision to change the method of purchase, perhaps to a procurement card.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/information\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>information<\/a>.  Data is often viewed as the lowest level of <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Information&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Information can be defined as structured data.  For example, a list of all purchase orders is raw data.  The list is then sorted by supplier, to provide meaning over and above the raw data, by revealing patterns.  Typically there will be many suppliers having received only a few purchase orders.  That information could be a factor in a decision to reduce the supply base.  There may also be suppliers who have received multiple purchase orders, and that information may be a factor in a decision to change the method of purchase, perhaps to a procurement card.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/information\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>information<\/a> from which <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Knowledge&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Knowledge includes information, facts or skills gained through experience, training or education.  The term is used for both theoretical and practical understanding.  In procurement, category management represents an attempt to increase the quality and quantity of information available about the category.  Some commentators see knowledge as the ability to make decisions based on information, so the richer the information, and the more likely that better decisions will be reached.  See also Knowledge, Explicit and Knowledge, Tacit.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/knowledge\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>knowledge<\/a> is then derived.  See also <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Information&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;Information can be defined as structured data.  For example, a list of all purchase orders is raw data.  The list is then sorted by supplier, to provide meaning over and above the raw data, by revealing patterns.  Typically there will be many suppliers having received only a few purchase orders.  That information could be a factor in a decision to reduce the supply base.  There may also be suppliers who have received multiple purchase orders, and that information may be a factor in a decision to change the method of purchase, perhaps to a procurement card.&amp;lt;br\/&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/information\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]'>Information<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Data refers to qualitative or quantitative variables. Data is unstructured information, such as individual order values for a given category. When totalled, the structuring of the data changes the data into information. Data is often viewed as the lowest level of information from which knowledge is then derived. See also&#8230; <br \/><a style=\"color:#00b4cd;\" class=\"excerpt-anchor\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/data\/\">Read more<\/a>.<\/p>\n","protected":false},"author":2,"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"_uag_custom_page_level_css":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Data - Comprara<\/title>\n<meta name=\"description\" content=\"Data\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.comprara.com.au\/procurement-glossary\/data\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Data - Comprara\" \/>\n<meta property=\"og:description\" content=\"Data\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.comprara.com.au\/procurement-glossary\/data\/\" \/>\n<meta property=\"og:site_name\" content=\"Comprara\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Comprara\/\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-06T03:56:59+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@Comprara\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.comprara.com.au\/procurement-glossary\/data\/\",\"url\":\"https:\/\/www.comprara.com.au\/procurement-glossary\/data\/\",\"name\":\"Data - 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Data is unstructured information, such as individual order values for a given category. When totalled, the structuring of the data changes the data into information. Data is often viewed as the lowest level of information from which knowledge is then derived. See also... Read more.","_links":{"self":[{"href":"https:\/\/www.comprara.com.au\/wp-json\/wp\/v2\/glossary\/1490"}],"collection":[{"href":"https:\/\/www.comprara.com.au\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/www.comprara.com.au\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/www.comprara.com.au\/wp-json\/wp\/v2\/users\/2"}],"version-history":[{"count":0,"href":"https:\/\/www.comprara.com.au\/wp-json\/wp\/v2\/glossary\/1490\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.comprara.com.au\/wp-json\/wp\/v2\/media?parent=1490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}