Information Technology has been introduced for making Revolutions in Education. Without making any Revolution, IT just substitutes the old black board, library notes, mechanical type writers and calculators. It is because, Data or Information is not a substitute for Knowledge. Learning, Teaching and Research are Knowledge-Intensive and not Data-Intensive. Information Technology must be redesigned to deal with Knowledge for which Mathew's Theories of Knowledge and Knowmatics can effectively be employed. They are the basis of Knowledge Industries - mass or industrial production, marketing and consumption of Knowledge.