Data + Information + Application = Knowledge (D + I + A = K)
Knowledge + Listening + Observing = Wisdom (K + L+ O = W).
Knowldege + Wisdom = Prediction (K + W = P)
Heads up education and business leaders (research does not equal knowledge). Example - I can go on the Internet and read (research) a number of books on how to remodel my bathroom. I can even conduct a conversation that sounds like I know what I'm doing, I can even spout off all the research about the modern bathroom that I gather from the Mr. Handyman shows on TV and radio. However, I can predict to you in confidence that I wouldn't know the first step (well maybe, beat down the walls) in "actually" doing the job myself. It is only through trial and error, listening and experience - "theory") that I gain the knowledge and wisdom to be able to do the job myself and then pass on my knowledge to others.
Do not confuse the fact the following are not knowledge:
The true Pathfinders in history all had the ability to predict based on knowledge and wisdom.