The major difference between information and knowledge is that an information is a collection of different dots (data points), when we are compiling this information by connecting the dots (putting intelligence), it generate wonderful knowledge repository.
In other words “Information consists of facts and data organized to describe a particular situation or condition. We use knowledge to determine what a specific situation means. Knowledge is applied to interpret information about the situation and to decide how to handle it”
The same principal applied in team work, team will fail if individual’s task is not connected with common goal assigned.
In real world also, despite of common goal of organization most of the departments build their individual data centres. Failure of sync in data leads poor strategic decisions which finally turned into the loss of good business opportunity.
For example:
Currently I am using this theory in my new assignment and it is helping me a lot in making critical project decisions.
I recommend that we should encourage our team members to share the validated information between them to create a centralized knowledge network for better business decisions.
