Knowledge is often defined as the awareness or familiarity gained through experience or education. It involves understanding facts, concepts, and information.
Knowing can be seen as an insight or understanding that is verified through data.
It involves not just the accumulation of facts but the ability to interpret and apply these facts in a meaningful way.
The term "experience data" refers to information gathered from real-world interactions and experiences.
Organizations often prioritize analyzing experience data to gain insights and improve processes.
This data provides a foundation for understanding customer or employee experiences, leading to informed decision-making.
By analyzing experience data, organizations can develop a verified insight, which enhances their knowledge base.
This process allows for a deeper understanding of contexts and scenarios, ultimately improving the organization's knowledge and decision-making abilities.