Sunday, 22 September 2013

Week # 01 "Introduction to Knowledge Based Management System"

The chapter mainly comprises of the following basic definitions related to KBMS.

Data: Raw facts and figures.
Information: Data which has some meaning associated with it.
Knowledge: Understanding of the information which has been given.
Knowledge Management: Doing what is needed to get the most out of knowledge resources.

Processes necessary to generate, capture, organize, and transfer knowledge across the organization to achieve competitive advantage.
The forces motivating Knowledge Management are:
  • Increasing Domain complexity
  • Accelerating market Volatility.
  • Intensified speed of Responsiveness
  • Diminishing individual Experience
Information technology facilitates sharing as well as accelerated growth of knowledge and also allows the movement of information at increasing speed and efficiency. Knowledge management mechanisms are organizational or structural means used to promote knowledge management. Knowledge Management System is the interaction between latest technologies and social/structural mechanisms. The classifications of KM are:
  • Knowledge Discovery System
  • Knowledge Capture System
  • Knowledge Sharing System



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