Data is only the beginning. It's nothing more than facts and figures. With data comes information. Each day, we are overwhelmed with more information than we can possibly process. Information, therefore, is only data organized. It's a tool we use to do our jobs better.
Knowledge is more challenging. It's information defined, broken down, and understood. Knowledge gives information proper context. Information alone carries no meaning until we do something with it. But even thats not enough unless there is wisdom.
Wisdom seems to be something we have lost due to the abundance of information. However, contrary to popular belief, knowledge is not wisdom.
T.S. Eliot said it best:
Wisdom is essential to living. It allows us to be mindful of ourselves and those around us. Gaining wisdom requires an understanding of data, information, and knowledge, but requires something more. It requires a concentrated effort, which is to say, it requires a choice.