“Knowledge is theory. We should be thankful if action of management is based on theory. Knowledge has temporal spread. Information is not knowledge. The world is drowning in information but is slow in acquisition of knowledge. There is no substitute for knowledge.”

The New Economics for Industry, Government, Education (1993)

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W. Edwards Deming 33
American professor, author, and consultant 1900–1993

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“We are drowning in information but starved for knowledge.”

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“Information is not knowledge and knowledge is not wisdom.”

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“Information is not knowledge. The only source of knowledge is experience.”

Albert Einstein (1879–1955) German-born physicist and founder of the theory of relativity

According to Barbara Wolff, of The Hebrew University's Albert Einstein Archives, this is not one of Einstein's identifiable quotations. (Source: paralegalpie.com http://www.paralegalpie.com/paralegalpie/2009/11/did-anybody-really-say-that.html.)
The phrase "the only source of knowledge is experience" is found in an English-language essay from 1896: "We can only be guided by what we know, and our only source of knowledge is experience" (Arthur J. Pillsbury, "The Final Word" https://books.google.com/books?id=Mw9IAQAAMAAJ&pg=PA595&dq=%22only+source", Overland Monthly, November 1896). The thought can be seen as a paraphrase of John Locke's argument from his Essay Concerning Human Understanding: "Whence has it [the Mind] all the materials of Reason and Knowledge? To this I answer, in one Word, From Experience". (Locke, An Essay Concerning Human Understanding/Book II/Chapter I, 2.)
The phrase "information is not knowledge" is also found from the nineteenth century https://books.google.com/books?id=W2oAAAAAMAAJ&pg=PA59&dq=%22information+is+not+knowledge%22.
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“Information is information, Faust. Knowledge is knowledge. I make no distinction between the high and the low.”

Source: Jack Faust (1997), Chapter 6, “Practical Designs” (p. 80)

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“Information is not knowledge.”

Albert Einstein (1879–1955) German-born physicist and founder of the theory of relativity
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“Knowledge is the appropriate collection of information, such that it's intent is to be useful. Knowledge is a deterministic process. When someone "memorizes" information (as less-aspiring test-bound students often do), then they have amassed knowledge. This knowledge has useful meaning to them, but it does not provide for, in and of itself, an integration such as would infer further knowledge.”

Russell L. Ackoff (1919–2009) Scientist

As cited in: Jeff A. Riley and Kemal A. Delic (2010) "Enterprise Knowledge Clouds". In: Handbook of Cloud Computing. Borko Furht, Armando Escalante ed. Springer 2010.
Towards a Systems Theory of Organization, 1985, From Data to Wisdom, 1989

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“Technology is so much fun but we can drown in our technology. The fog of information can drive out knowledge.”

Daniel J. Boorstin (1914–2004) American historian

As quoted by Barbara Gamarekian in Working Profile: Daniel J. Boorstin. Helping the Library of Congress Fulfill Its Mission http://www.nytimes.com/books/98/09/06/specials/boorstin-working.html, The New York Times (July 8, 1983).

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