Knowledge Management

Topics: Knowledge management, Knowledge, Knowledge engineering Pages: 8 (2233 words) Published: July 28, 2013
KNOWLEDGE MANAGEMENT SYSTEM
KNOWLEDGE:
Knowledge is a familiarity with someone or something, which can include facts, information,descriptions,or skills acquired through experience or education. It can refer to the theoretical or practical understanding of a subject. It can be implicit (as with practical skill or expertise) or explicit (as with the theoretical understanding of a subject); it can be more or less formal or systematic. In philosophy, the study of knowledge is called epistemology; the philosopher Plato famously defined knowledge as "justified true belief." However, no single agreed upon definition of knowledge exists, though there are numerous theories to explain it. Knowledge acquisition involves complex cognitive processes: perception, communication, association and reasoning; while knowledge is also said to be related to the capacity of acknowledgment in human beings. Alternative Perspectives on Knowledge

Knowledge can be defined as a justified belief that increases an entity’s capacity for effective action. It may be viewed from several perspectives:
(1) a state of mind – knowledge is the state of knowing and understanding (2) an object – knowledge is an object to be stored and manipulated (3) a process – knowledge is a process of applying expertise (4) a condition – knowledge is organized access to and retrieval of content (5) a capability – knowledge is the potential to influence action 6 KNOWLEDGE MAANAGEMENT:

Knowledge management (KM) comprises a range of strategies and practices used in an organisation to identify, create, represent, distribute, and enable adoption of insights and experiences. Such insights and experiences comprise knowledge, either embodied in individuals or embedded in organisations as processes or practices. More recently, other fields have started contributing to KM research; these include information and media, computer science, public health, and public policy. Many large companies and non-profit organisations have resources dedicated to internal KM efforts, often as a part of their business strategy, information technology, or human resource management departments . Several consulting companies also exist that provide strategy and advice regarding KM to these organisations. Knowledge management efforts typically focus on organisational objectives such as improved performance, competitive advantage, innovation, the sharing of lessons learned, integration and continuous improvement of the organisation. KM efforts overlap withorganisational learning, and may be distinguished from that by a greater focus on the management of knowledge as a strategic asset and a focus on encouraging the sharing of knowledge. It is seen as an enabler of organisational learning and a more concrete mechanism than the previous abstract research.

KNOWLEDGE MANAGEMENT SYSTEM:
Knowledge Management System (KM System) refers to a (generally IT based) system for managing knowledge in organizations for supporting creation, capture, storage and dissemination of information. It can comprise a part (neither necessary nor sufficient) of a Knowledge Management initiative. The idea of a KM system is to enable employees to have ready access to the organization's documented base of facts, sources of information, and solutions. For example a typical claim justifying the creation of a KM system might run something like this: an engineer could know the metallurgical composition of an alloy that reduces sound in gear systems. Sharing this information organization wide can lead to more effective engine design and it could also lead to ideas for new or improved equipment. A KM system could be any of the following:

KMS systems deal with information (although Knowledge Management as a discipline may extend beyond the information centric aspect of any system) so they are a class of information system and may build on, or utilize other information sources. Distinguishing features of a KMS can include: A...
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