raw facts that describe the characteristics of an event or object are data.
The result of mental processes, intellectual capital is a collection of intangible assets that can be used in economic activity and generate income for their owner, an organization. It includes the skills of their employees (human capital), the value of their relationships (relational capital), and everything that remains after the employees leave the office (structural capital), of which intellectual property (IP) is only one part. A company's competitive advantage is the result of the collective knowledge held by all employees. The phrase is used in academia to try and account for the value of intangible assets that aren't expressly stated on a company's balance sheets. National intangible capital is what is meant when discussing intellectual capital (NIC).
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