A conceptual framework for linking risk and the elements of the data-information-knowledge-wisdom (DIKW) hierarchy

@article{Aven2013ACF,
  title={A conceptual framework for linking risk and the elements of the data-information-knowledge-wisdom (DIKW) hierarchy},
  author={Terje Aven},
  journal={Rel. Eng. & Sys. Safety},
  year={2013},
  volume={111},
  pages={30-36}
}
There are numerous definitions of the risk concept. When studying the suitability of these definitions one key issue is the degree that the risk concept is able to reflect the data (D), information (I), knowledge (K) and wisdom (W) available, i.e. the various elements of the well-known DIKW hierarchy. In this paper we present and discuss a structure (conceptual framework) for linking some common risk perspectives and the DIKW elements. The structure is based on the following main ideas: Data1… CONTINUE READING