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Data, information, knowledge, business intelligence and wisdom (DIKIW) are sequential, theoretical and conceptual stations of understanding. Some researchers assert that business intelligence (or intelligence) is different than knowledge and wisdom. Each concept of DIKIW has its place in guiding individuals and legal entities to take proper action to save more in assets while losing less in resources. They are also the most difficult issues for practitioners to differentiate within a certain context without study of and reference to pertinent academic research. Even in the COBIT 5 framework, it is not easy to distinguish these concepts.
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