Chapter 1 Data Information, Knowledge, Wisdon (29 Aug 2011)

1. Data: symbols
2. Information: data that are processed to be useful; provides answers to "who", "what", "where", and "when" questions
3. Knowledge: application of data and information; answers "how" questions
4. Understanding: appreciation of "why"
5. Wisdom: evaluated understanding.

for more detail and example of this topic : http://www.systems-thinking.org/dikw/dikw.htm

    The characteristic of good information are as follow:

1. Accuracy
2. Time liness and up to date
3. Completeness
4. Conciseness
5. Relevance
6. Continuity

What is an information society??

       An information society is a society in which the creation, distribution, diffusion, use, integration and manipulation of information is a significant economic, political, and cultural activity. The knowledge economy is its economic counterpart whereby wealth is created through the economic exploitation of understanding. People that have the means to partake in this form of society are sometimes called digital citizens.