I would think the key is the latter. That is, even if you get more data it does not become __useful__ information unless you're willing and able to process it.
That aside, it's difficult, if not impossible for us "on the outside" to judge the value of these concept to the IC as we only get to know what the IC wants us to know. They're playing the long game. They're playing chess. Maybe it's just me but when I hear a news story (or a friend / colleague) that says "The NSA said..." or the "CIA said..." I accept those as close to meaningless. The IC is, afterall, in the misinformation business.
p.s. I believe the proper term for tbinking about thinking is meta-cognition. I find it odd that the CIA would avoid using the proper term.