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Information is given meaning and integrated with other contents of understanding.
What differentiates knowledge from Information is the complexity of the experiences that you need to reach it. In order for a set of information to become knowledge one has to be exposed to it in different ways and one has to elaborate a personal experience about it. [...] knowledge can be expressed as a pattern whose measure of interest for the user is above a certain threshold. That is, if some information is not interesting for us it's very difficult for it to become knowledge. Knowledge is not transferable, you have to build it yourself by experiencing the information.
[Dürsteler, 2007]

Knowledge is a cumulative understanding of information, i.e. an overall representative structure and a set of generalized rules of the relevant phenomenon.
[Mennis et al., 2000]

see also: Data, Information, Knowledge, Wisdom