Why Knowledge Management Important Today

Why Knowledge Management Important Today

Knowledge management in a company is now considered very important. Why now? We are before his more familiar with the name of technology management in a sense more important than anything else. Why now knowledge management is more important? Knowledge management here is comprehensive, which also will cover technology management.

So in that context, is increasingly making desperate to be a necessity for any organization or company to build what is called knowledge management. A company now with the state of the business increasingly fierce competition, in which each company does not only have the same product. However, it requires an innovation. Innovation here is taken from some of the knowledge, the experiences of history that ever existed in the company which would require the development of innovations that make business better.

Implementation of KM will impact the company's business processes:

Time and cost savings.

With the source of knowledge that is structured properly, then the company will be easy to use this knowledge to other contexts, so the company will be able to save time and costs.

Increased knowledge assets.

Sources of knowledge will give you the ease to every employee to use it, so the process of utilization of knowledge in a corporate environment will increase, eventually the process of creativity and innovation will be pushed wider and every employee can improve their competence.

Adaptability.

Companies will be able to easily adapt to the changing business environment occur.

Increased productivity.

Existing knowledge can be reused for new processes or products that will be developed, so that the productivity of the company will increase.

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