Wisdom and Business Intelligence

It is time we have a tsunami of data-driven by information technology. The technology extends our memory that easy to recall and retrieve. Not just individual memory but our collective memory. Is it good?

Happy are those who find wisdom . . .
She is more precious than jewels,
And nothing you desire can compare with her. . . .
Get wisdom, get insight: do not forget.

Book of Proverbs: The Bible

This article talks about data that matter. That is organized data that give a description of reality. Then data that helps to do something right. Then data help us to do what is right. 

If you hope the information make you more smart and wise, that is insufficient. Data is necessary to get information, knowledge, understanding, and wisdom. But that is not sufficient.

Data can make us confuse and waste time without a decision. Nothing to do. Unrelevant data distract us to get a thing done.

To convert data to something useful for us as the individual, as a citizen and as a citizen of humanity, I think the model of DIKW or DIKW framework is helpful. We need to know the hierarchy of data – wisdom, so we know what to do to convert.

Convert Data to Information

In the context of DIKW, data is a symbol.  It means a sign that signifies external world. The external world is something that we can percept by our sense. That is the claim of the realist. Actually, that is a mental concept. That is a claim of an idealist. 

This definition is different than usual definition of data. Data is external fact in the world. That is something that we can access using our sense.  Data usually is something external world that no one can deny. 

Human record sign by a tool or by his hand. That is data. Data is collection useful and irrelevant or redundant message and must be processed to be meaningful.

There are many things to do to convert data into wisdom.  To convert data to be information, we need to organize data into relevant question about what, when, where.

The question seems only curiosity without interest. Actually, that is have hidden interest. ( I mean interest not only negative tendencies). Behind categorization, it also contains category ranking. Not just description. 

Categorization converts data into information.  The categorization is

  • a distinction between what is useful and unuseful data.
  • make a distinction between accurate data and wrong data
  • Identify the type of character to create different treatment

Information give us different between stone, jewel, gold

Information to Knowledge

Descriptive information is helpful if inspire us to how to. We have several tasks. We need the task to get it done.  We have knowledge if information inspires us, if we do it, we can probably get that.  Then We know about step by to reach something. This is know how. That is more actionable and useful information.

Knowledge gives you clue how to get jewels. It gives us step by step, which land that has more probability to provide jewel material? How to transform jewel material to a beautiful jewel. 

Knowledge to Wisdom

Wisdom better than knowledge.  Knowledge shows how to get a jewel. Wisdom makes an evaluation and consideration, is jewel is good for you. The consideration is ethics and esthetic. It is rethinking and reevaluation of jewelry.  Sometimes, the jewel is bad for us.

Wisdom is not only knowing explanation (why) but know why to do. It is trying to find all consideration, include open to new consideration. Good for all.

Business Intelligence

Business creates the decision to manage customer, product, employee,  subcontract, money for one goal: profit. Business intelligent is information technology that supports that decision. To manage products and customer, business intelligence provides information about market segmentation and interest. That include creates aided decision making to choose a most profitable decision.