In fact, there’s a long history of the “Information Pyramid,” of Data – Information – Knowledge – Wisdom; it’s probably more applicable today than ever.

Data > Information > Knowledge > Wisdom (DIKW) model Even though an organization must use data and information to know sooner and know better, this leaves out a significant piece of the picture.

The representation of the relationships among data, information, knowledge and -- ultimately -- wisdom, known as the data pyramid, has long been part of the language of information science.

It is called the “Knowledge Hierarchy” or "Knowledge Pyramid" and also goes by the acronym DIKW, which stands for Data, Information, Knowledge and Wisdom.

The data-information-knowledge-wisdom hierarchy seemed like a really great idea when it was first proposed. But its rapid acceptance was in fact a sign of how worried we were about the real value ...

Wisdom of crowds is the idea that large groups of people are collectively smarter than individual experts when it comes to problem-solving.