What role does the Data, Information, Knowledge, Wisdom (DIKW) pyramid play in managing a data-driven project?
A. It serves as a linear model to show the various ways of extracting insights and value from all types of data.
B. It serves as a circular model to understand the free flow of data throughout an organization.
C. It serves as a framework to guide technical teams on which methods to use to extract value from data.
D. It serves as a framework to guide the processing of unstructured data and subsequent value extraction.
E. I don't know this yet.
The Correct Answer is C. It serves as a framework to guide technical teams on which methods to use to extract value from data.
The DIKW pyramid helps to manage a data-driven project by providing a framework for understanding how data is converted into information, how information is converted into knowledge, and how knowledge is converted into wisdom. This framework can be used to identify the appropriate level of data analysis for a particular project, to determine the most appropriate way to convert data into information, and to understand how knowledge can be used to improve decision-making.