A Quote by Dee Hock
We are now at a point in time when the ability to receive, utilize, store, transform and transmit data - the lowest cognitive form - has expanded literally beyond comprehension. Understanding and wisdom are largely forgotten as we struggle under an avalanche of data and information.
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If you go back to the first single-cell form of life, it clearly possessed the capacity to receive, to utilize, to store, to transform, and to transmit information.
Data isn't information. ... Information, unlike data, is useful. While there's a gulf between data and information, there's a wide ocean between information and knowledge. What turns the gears in our brains isn't information, but ideas, inventions, and inspiration. Knowledge-not information-implies understanding. And beyond knowledge lies what we should be seeking: wisdom.
I think there's data, and then there's information that comes from data, and then there's knowledge that comes from information. And then, after knowledge, there is wisdom. I am interested in how to get from data to wisdom.
While hard data may inform the intellect, it is largely soft data that generates wisdom.
There is so much information that our ability to focus on any piece of it is interrupted by other information, so that we bathe in information but hardly absorb or analyse it. Data are interrupted by other data before we've thought about the first round, and contemplating three streams of data at once may be a way to think about none of them.
Intelligence is the capacity to receive, decode and transmit information efficiently. Stupidity is blockage of this process at any point. Bigotry, ideologies etc. block the ability to receive; robotic reality-tunnels block the ability to decode or integrate new signals; censorship blocks transmission.
The information highway is being sold to us as delivering information, but what it's really delivering is data... Unlike data, information has utility, timeliness, accuracy, a pedigree... Editors serve as barometers of quality, and most of an editor's time is spent saying no.
Most managers receive much more data (if not information) than they can possibly absorb even if they spend all of their time trying to do so. Hence they already suffer from an information overload.
Data is not information, information is not knowledge, knowledge is not understanding, understanding is not wisdom.
Random search for data on ... off-chance is hardly scientific. A questionnaire on 'Intellectual Immoralities' was circulated by a well-known institution. 'Intellectual Immorality No. 4' read: 'Generalizing beyond one's data'. [Wilder Dwight] Bancroft asked whether it would not be more correct to word question no. 4 'Not generalizing beyond one's data.
People think 'big data' avoids the problem of discrimination because you are dealing with big data sets, but, in fact, big data is being used for more and more precise forms of discrimination - a form of data redlining.
The biggest mistake is an over-reliance on data. Managers will say if there are no data they can take no action. However, data only exist about the past. By the time data become conclusive, it is too late to take actions based on those conclusions.
Everything is changing now that we are in the cloud in terms of sharing our data, understanding our data using new techniques like machine learning.
I'm kind of fascinated by this idea that we can surround ourselves with information: we can just pile up data after data after data and arm ourselves with facts and yet still not be able to answer the questions that we have.
Data is cost. It takes money to create data, store it, clean it, and throw resources at it to learn anything from it.
It is vital to remember that information - in the sense of raw data - is not knowledge, that knowledge is not wisdom, and that wisdom is not foresight. But information is the first essential step to all of these.
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