Question

Explain the difference in means that these two different Dikw Pyramid have? which one is better or worse one.

Answer 1

Data comes in the form of raw observations and measurements. I tend to see data both as raw facts or chunks of facts about the state of the real world, as well as a symbol that attempts to capture the true picture of a real event.

Information is created by analyzing relationships and connections between the data. It is capable of answering simple “Who/What/Where/How many/When/Why is” style questions. Information is a message with an (implied) audience and a purpose. Quite often, when we talk about ‘data science’ or ‘data driven decision-making’ it is information and not data that feeds into the actual decision-making.

Knowledge is perhaps the concept hardest to define and definitions may refer to information having been processed, organized or structured in some way, or else as being applied or put into action. One view is that knowledge is a product of a synthesis in the human mind, and exists only in the thoughts in someone’s mind. This would mean that knowledge can only be shared as information and then become knowledge again in someone else’s brain. ‘Knowledge management’ under such a definition would basically be thought management.

Wisdom is created through use of knowledge, through knowledge users’ communication, and through reflection, i.e. by embedding values, beliefs and experience into knowledge. Wisdom answers the “Why do” question as it relates to actions. In a sense it is what helps us make a better informed decision between two seemingly similar choices, or what helps us to apply knowledge toward the attainment of a common or higher good.

Q1) Explain the difference in means that these two different Dikw Pyramid have? which one is better or worse one.

I will suggest the 2nd Pyramid which contains all the 4 layers is better than the the Pyramid which contains only 3 layers because of the differences mentioned below:-

3 Layered Dikw Pyramid	4 Layered Dikw Pyramid
Based on our Wisdom and Knowledge that we have, we decide what levels of information is required and needed to make Real World Decisions	We thorougly analyze based on the data and stats collected to draw a decision, and not based on some random facts and knowledge thatw e posses
In this whatever Information that we gather is assumed to be correct, but there is no way to guarantee this, or cross check if the Info is valid/correct?	Here the underlying data can be analyzed and based on this we can draw conclusions that the Info collected was correct or something is missing, and correspondingly figure out missing chunks as well

Please let me know in case of any clarifications required. Thanks!