Up close it touches on some old philosophical arguments. So here we go. In terms of the problem of induction and the proposition that there is no guarantee that induction necessarily produces knowledge. Information can also be data in context. Knowledge can also consist of the interpretation of information, ne cest pas.
Wisdom is .
Knowing when to stop. Of course it can also be described, defined or derided in other terms, but in terms of explaining DIK to a business person it does help .