Interpreting Knowledge in Information Science

The paper deals with new challenges of information science as social science and mutual relationships with the new discipline of knowledge management. Qualitatively new approach argues that more concentration on knowledge interpretation is needed. Knowledge interpretation links both information science as a strategical paradigm and knowledge management as corporate knowledge framework. A knowledge interpretation framework has been outlined icluding a series of spiral processes from perception to understanding. Based on knowledge interpretation background general model of information product has been proposed. Main components of the model (cognitive, semantic, value, communicative, technological) have been described and resulted into a proposal of a new methodology for generation of information products. It is concluded that knowledge interpretation framework and model of information product can be used for further development of theory, research and education of information professionals and knowledge managers.