When you come back you gonna have my paper for that thang thang
Intelligence Hierarchy: Data, Information, Knowledge, Wisdom
Data: Data is the raw building blocks; it consists of raw numbers, but lack context or meaning. 1,200, 9.6%, and $170k are all piece of data.
Information: Is the application of structure or order to data, in an attempt to communicate meaning. Knowing the S&P500 is at 1,200 (up 5% YTD), Unemployment is at 9.6% (down from 11%), and GDP is 2.5% (revised from 2%) are examples.
Knowledge: An understanding of a specific subject, through experience (or education). Typically, knowledge is used in terms of a persons skills or expertise in a given area. Knowledge typically reflects an empirical, rather than intuitive, understanding. Plato referenced it as “justified true belief.”
Wisdom: Optimum judgment, reflecting a deep understanding of people, things, events or situations. A person who has wisdom can effectively apply perception and knowledge in order to produce desired results. Comprehending objectively reality within a broader context.
photo { Justin Fantl }
