Which model illustrates the increasing value derived as data turns into wisdom?

The model that illustrates the increasing value derived as data turns into wisdom is the DIKUW pyramid. This pyramid specifically outlines the relationship between five key concepts: Data, Information, Knowledge, Understanding, and Wisdom.

At the base of the pyramid is Data, which consists of raw facts and figures without context. As data is processed and organized, it transforms into Information, providing context and relevance. Further processing of this information leads to Knowledge, where insights and patterns emerge, allowing for informed decision-making. Understanding follows, interpreting knowledge within specific contexts or frameworks. Finally, at the top of the pyramid, Wisdom is achieved, representing the capacity to make sound judgments and decisions based on the previous levels.

The DIKUW pyramid effectively captures the hierarchical nature of knowledge acquisition and demonstrates how each stage builds on the previous one, thus increasing the overall value derived from the initial data. This model is useful in understanding cognitive processes in project management, especially in the context of applying AI effectively within projects.