There is a mass difference between the concepts of information gathering and insight formation.Information gathering refers to collection of data and facts. It means knowledge of specific events or situations that has been gathered or received by communication.it is a passive process involving lower level of understanding. It is mere mechanical process which encourages memorization of facts.
Insight formation, on the other hand, refers to the perception one has of things through his deep understanding of a subject. Insight refers to the capacity to discern the true nature of a situation. Thus, it might differ from person to person, depending on everyone's ideas and concepts. It is a more complex process by which actual learning takes place.