The greatest feature of this industry being the increase in humanities thinking power, and the power to organize. This information industry is overlapping with other industries, and becomes a part of them as well. Information is a resource on its own, as well as an asset to others. It falls within the resource hierarchy which starts with data, which leads to information, coming together as knowledge, and resulting in wisdom. Data can be defined as the undigested observations, or unvarnished facts.
Information follows as the organized form of data.
Knowledge is then the organized information which is internalized by its user and integrated with other bits and fields resulting from experience, study, or intuition . The final step is the integration of the knowledge into wisdom, which is information which has been made useful by theory relating the bits of knowledge to each other. Information is certainly not scarce, and is available in profusion. There are limits to the growth of information, but they lie in the time and capacity of people. It is the use of computers and telecommunications that aids in this phenomenon.