Progression of Data, from data to information to knowledge to insight to action

The Data-Information-Knowledge-Wisdom (DIKW) hierarchy, or pyramid, relates data, information, knowledge, and wisdom as four layers in a pyramid. Data is the foundation of the pyramid, information is the next layer, then knowledge, and, finally, wisdom is the apex. DIKW is a model or construct that has been used widely within Information Science and Knowledge Management. […]

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How to Embrace Data Analytics to Be Successful

How to Embrace Data Analytics to Be Successful: This follow-up report to “The Data Analytics Implementation Journey in Business and Finance” identifies the factors critical for successful deployment of leading-edge analytics. The findings are based on a recent survey of 170 global business professionals. While most organizations believe that implementing leading-edge analytics is key to their […]

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