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Data, although on the surface appears to be a simple, straight forward concept that “everyone” understands, it is actually a complex concept with multiple facets and interpretations. Data is generall considered a plural term with the simgular form being datum, however, common usage allows for data to be considered as singular with the singluar-plural differentiation being restricted to academic and scientific usage. 1)
A more formal definition of data is provided by Organisation for Economic Co-operation and Development (OECD)2):
Is essence, Data are individual elemental, facts, statistics, or items of information, often numeric, that are collected through observation. Technically, data are a set of values of qualitative or quantitative values about one or more persons or objects,3) while a datum (singular of data) is a single value of a single variable.4)
Unfornuately, the terms “data” and “information” are in common use interchangeable. However, these terms have distinct meanings and are part of a larger framework definiting an increasing ordered set of cognitive layers. See: Appendix I: Cognitive Model.
At the lowest layer of the Cognitive Model, data forms the basis for the other layers with each layer being a transformation of the lower layer. For example, at the lowest Business Management cognitive layer is a data data layer with the things like sales data, revenue, profits, stock price as basic data. The next layer of the Cogntive model is for inormation which is usually an association of data to each other. For example, stock prices as related to profits. The next layer is knowledge which might be a correlation of how profits is related to stock price. At the highest layers of the cognitive models of Understanding an Wisdom, the data, information and knowledge is presented as data visulations (i.e., scatter plots, heat maps, and network models).
Data has been described as the new oil of the digital economy.5)6)
There are several taxonomies that cover Data within a DIDO. The taxonomies are not additive in nature rather than mutuall exclusive. For example, any data within the DIDO can have a Cognitive classification as well as a state and or a digital taxonomy. A piece of data can be classified as Knowledge, At Rest, and a Coin; it might just as easily been classified as Understanding, In Motion, a Non-Fungible asset.
The taxonomies are described in detailed in the following sections:
Data is a complex concept and unfortunately the term is overloaded. Generically, it can describe all a range of concepts from a simple data point to the complex range of data and its association. In the Cognitive Model data is just one level in the human cognitive hierachy.
We usually do not think of data content separate from the system in which it is stored, but the distinction is important in terms of intellectual property rights. The question is what, if anything, is protected by Copyright. Data that is factual has no copyright protection under U.S. law; it is not possible to copyright facts. Not all data is in the public domain. A project might, for example, use copyrighted photographs; the photographs are part of the project’s “data.” In many cases, the data in a data management system as well as the metadata describing that data will be factual, and hence not protected by copyright.
A database, on the other hand, can have a thin layer of copyright protection. Deciding what data needs to be included in a database, how to organize the data, and how to relate different data elements are all creative decisions that may receive copyright protection.
Because of the different copyright status of databases and data content, different mechanisms are required to manage each. Copyright can govern the use of databases and some data content (that which is itself original), but contract law, trademarks, and other mechanisms are required to regulate factual data.
The third word in the acronym DIDO is Data and every node therefore, manages and controls data. The data within the node is classified as either: ledger data, ancillary data or external data.
[char]This section has been heavily revised -- need to review