【Purpose/significance】In recent years, domestic and foreign scholars have different views on the concept of data and the relationship among information, knowledge and data. It is important for us to define the premise and evolution process of their relations under different social forms, which is of great significance for the establishment of data wealth theory and data management theory in the era of big data.【Method/process】By using the methods of history, induction and deduction, this paper analyzes the representative views of scholars on the concepts of information, knowledge, data and their relationships in the pre-agricultural and agricultural economic era, the industrial economic era, the information economy era,and the knowledge economy era and the era of big data. Then this paper re-analyzes the relationship among information,knowledge and data sets under different social forms and the preconditions for their creation from the perspective of set theory.【Result/conclusion】The set relation among information, knowledge and data is a process that evolves with the development of social economy and technology. The emergence of subsets in the era of big data not only means that the boundary along information, knowledge and data changes from clear to fuzzy and finally towards the "same", being replaced by "data", but also means that "data" has become a major social wealth as a resource and a productive force that promotes socioeconomic growth.