A Quote by Peter Drucker
Now that knowledge is taking the place of capital as the driving force in organizations worldwide, it is all too easy to confuse data with knowledge and information technology with information.
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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.
Information is not synonymous with knowledge. Information is only data, parts of the whole. Knowledge has a moral imperative to enhance intellectual and spiritual unity.
The knowledge we now consider knowledge proves itself in action. What we now mean by knowledge is information effective in action, information focused on results. Results are outside the person, in society and economy, or in the advancement of knowledge itself. To accomplish anything this knowledge has to be highly specialized.
It [knowledge] is clearly related to information, which we can now measure; and an economist especially is tempted to regard knowledge as a kind of capital structure, corresponding to information as an income flow. Knowledge, that is to say, is some kind of improbable structure or stock made up essentially of patterns - that is, improbable arrangements, and the more improbable the arrangements, we might suppose, the more knowledge there is.
Knowledge is theory. We should be thankful if action of management is based on theory. Knowledge has temporal spread. Information is not knowledge. The world is drowning in information but is slow in acquisition of knowledge. There is no substitute for knowledge.
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.
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.
We've moved from wisdom to knowledge, and now we're moving from knowledge to information, and that information is so partial – that we're creating incomplete human beings.
Data isn't information; information isn't knowledge; knowledge isn't wisdom.
Information anxiety is the black hole between data and knowledge, and it happens when information doesn't tell us what we want or need to know.
Many people make the mistake of confusing information with knowledge. They are not the same thing. Knowledge involves the interpretation of information. Knowledge involves listening.
Data is not information, information is not knowledge, knowledge is not understanding, understanding is not wisdom.
What occurs as you age is an accumulation of information, data, knowledge, and what I'm going to call the matrix of the mind. There's just a rich, textured, field of information and impressions that have been all networked by the brain.
Information is just signs and numbers, while knowledge involves their meaning. What we want is knowledge, but what we get is information.
Technology is a liberation. I think the information age probably is the best thing to happen to the human race in human evolution. Now you have the equal opportunity to equip yourself through information and knowledge and express yourself as an independent mind.
You take the noise and put it in data information knowledge, and you get insight from that knowledge. How to execute the trade, the timing, sizing, long, short, and then you risk manage it.
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