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Incompatibility of Education and Information Technology have been shaking the very foundation of Education of Schools and Universities. Without bothering the compatibility, Information Technology has been put into application in the entire spectrum of Education.for the last 27 years. However, IT could not enter deep in the heart of Teaching, Learning and Research, Smart Class Rooms, Virtual Schools and Universities, have been bombarding the Brains of the Learners with overloaded Data or Information without much Knowledge. Education has been reduced in the art of Searching and Manipulating Data or Information without Knowledge Consumption and Production. Asa solution, Knowledge Industry has been proposed.