That's where it really falls apart. Even if you were to assume that a single entity, however it is composed, could possibly have access to all the information available at all times, there's no guarantee that it could perceive of how best to use resources, much less imagine new and innovative ways to use them.
For our meager purposes here on Earth, it's enough to say the information requirement is simply too extensive to ever be achievable, but even barring that, innovation happens spontaneously. It rarely, if ever, happens as a result of careful planning (though, even if it did, the eventual end goal would still be a product of spontaneous thought, as someone had to think the goal up in the first place to begin the carefully planned process of achieving it).