Knowledge vs Information

I have spent a far bit of time in the education system and I feel there is a great difference between knowledge and information. The internet is full of information, tons of small independent pieces of data. When you are at school you spend most of your time learning rules that you can reuse. Learning becomes the process of gluing your information together using the knowledge you have.

As a graduate student I feel that I create so much information and I rarely have enough time to study all of it.