Personally I think we are in the former, because commerce-wise, information in any form is valued more than knowledge for the majority of the population especially for active technology "users" at this particular point in time.
To answer this you first need to define what you mean by "information based" versus "knowledge based". Broadly speaking, could we assume that knowledge is a further enhancement of information, where it is combined with further relevant information (eg experience) and further contextualised to create a better understanding of how the underlying model of the subject works.
I think we live in an information driven economy or age because we are swamped with data and information and are still struggling with how to transform this into knowledge. In some ways all the information is possibly inhibiting the development of knowledge on an individual basis, because there is too much for individual humans to process and focus on.
Very True Susan and Shida. Ours is indeed an information based society mainly because the communication is one way. Although we have the means for having a two way communication yet we are not utilizing them properly resulting in a scenario where we are only taking in all the information without developing our knowledge base.
'Knowledge - based sociey' is only a theoretical possibility. Any given point of time, we will be overwhelmed by data and information, rather than knowledge.
- The post-industrialization evolution has been gradual: Data --> Information --> Knowledge. It also seems to consistent with an ontological view as understood by Kent & Hume
- We seem to have entered 'Knowledge-based' society and hence the appropriation of 'knowledge workers' as a title in our common vocabulary.
- The evolution to 'knowledge' based society, in my opinion, is due to the availability and use of 'inter-disciplinary' approaches in solving or discerning patterns (for e.g., Neuro-marketing), considered to be distinct in the pre 'information-based' society.
- From a globalization perspective, it would be unwise to generalize an opinion since each country/region is evolving at a different rate - and not all technical, cultural and or legal landscapes are similar!