Knowledge Management: Why It Matters to Your Company
The concept of Knowledge Management arose in the 1990s and refers to the organization of information of a company in a comprehensive and strategic manner. It is the idea of using in a well thought out way the knowledge that is available between the professionals of the team and the data that the company has learned over the years.
Knowledge management is a strategic resource
Managing information means nothing more than creating value and meeting tactical and strategic requirements, ensuring growth and empowerment. That is, if your business is wasting knowledge, you are not only turning your back on a major company asset, but putting the stability of the business at risk.
For good management, it is necessary to create or provide the right tools, people, knowledge and structures (teams) to improve learning. It is also crucial to store this information and make it easily available to the right people at the right time.
Benefits of a knowledge management strategy
A survey conducted by the global consulting firm Deloitte found that 80% of business owners believe that managing information in the right way brings competitive advantage and adds value to the business.
Among the benefits pointed out by Deloitte in this issue are:
- Protecting corporate intellectual capital;
- Helping companies focus on their most important assets: their human capital;
- Reorienting culture by opting for an ideal knowledge sharing strategy;
- Uniting collaborators and business partners to create collaborative methods.
The Role of Technology
One of the major functions of information technology in this area is to accelerate the speed of knowledge creation and transfer. Knowledge management tools help in the processes of gathering and organizing the knowledge of groups of individuals in order to make this information available on a shared basis.
Types of technology used
Technological solutions range from intranet systems to business intelligence (BI) tools, through electronic document management software, workflow, systems based on artificial intelligence, knowledge map systems, innovation support, among many others.
Does your company work with knowledge management platforms? Moreover, how are the educational benefits granted to the employees registered? Do not miss any information from now on; control everything with the Ellevo System!