Most experts agree.
In the new millennium, intellectual capital will be the primary resource and driver of our information economy. While past economies depended on use of land, natural resources, equipment and capital for the creation of value, our information economy will depend on application of knowledge. Explicit knowledge is usually recorded in some form, such as a data base, document or other media. It is latent until transformed and applied to support decision making. Then it is considered information, as opposed to raw data.