what is the difference between resource and data
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1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
1,111,111 TRP = 11,111 USD
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Resource vs. Data
Definition:
Resource: A broad term for assets (physical, digital, or human) used to achieve goals (e.g., money, tools, personnel).
Data: Raw facts/figures (e.g., numbers, text) without context; becomes meaningful when processed.
Purpose:
Resources are deployed (e.g., funding a project, using software).
Data is analyzed (e.g., sales statistics for insights).
Tangibility:
Resources can be tangible (machines) or intangible (skills).
Data is intangible but stored in tangible mediums (hard drives).
Interdependence:
Data can be a resource (e.g., customer data for marketing).
Resources (like servers) manage data.
Examples:
Resource: A team of analysts, cloud storage.
Data: Survey responses, temperature readings.
Value Creation:
Resources enable action (e.g., building infrastructure).
Data enables decisions (e.g., predicting trends).
Key Difference: Resources are tools for execution; data is input for knowledge.