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Unit 13: Knowledge Management




          13.5 Summary                                                                          Notes

              Knowledge management  is  a  discipline  that  promotes  an  integrated  approach  to
               identifying, capturing, evaluating, retrieving, and sharing all of an enterprise’s information
               assets.
              One  of the biggest challenges behind knowledge  management is the dissemination of
               knowledge. People with the highest knowledge have the potential for high levels of value
               creation.

              Knowledge based  systems includes all those  organisational  information technology
               applications that may prove helpful for managing the knowledge assets of an organisation,
               such as Expert systems, rule-based systems, groupware, and database management systems.

              Knowledge management is the new imperative for the service and support organisation.
              Successful knowledge management projects start with a realistic scope and precisely defined
               goals and objectives.

              The decision to expose content to customers and prospects who visit your Website can
               lead to information overload.

              The Knowledge-Centred Support (KCS) methodology is well accepted in many customer
               service organisations—especially when it comes to creating and managing content.
              Monitoring the success of your knowledge management initiative in terms of your goals
               and objectives is important.

          13.6 Keywords

          Collaborative Tool: A collaboration tool is something that helps people collaborate.
          CRM:  CRM  (customer  relationship  management)  is  an  information  industry  term  for
          methodologies, software, and usually  Internet capabilities  that help an enterprise  manage
          customer relationships in an organised way

          Groupware: Groupware refers to programs that help people work together collectively while
          located remotely from each other.
          KCS Methodology: Knowledge Centred Support (KCSSM) is  a  methodology for  capturing,
          authoring and publishing information that is relevant to the support processes for an organisation.
          Knowledge Asset: A Knowledge asset is any type of knowledge held or in use by an organisation.
          Knowledge Management: Knowledge Management (KM) refers to a multi-disciplined approach
          to achieving organisational objectives by making the best use of knowledge.
          Knowledge: Knowledge is the ability to make effective decisions, and take effective action.
          Social Networking: Social networking is the practice of expanding the number of one’s business
          and/or social contacts by making connections through individuals.

          13.7 Review Questions

          1.   Explain the concept of knowledge management.
          2.   Describe the importance of knowledge management.

          3.   List the various applications of knowledge management system.




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