May 31, 2010

Knowledge Management System

Companies need to develop information systems designed specifically to facilitate the sharing and integration of knowledge.

Some of the benefits of the implementation of a Knowledge Management System are:

·        Enhanced communication.

·        Reduced problem solving time.

·        Increased Sales.

·        Decreased costs.

·        Better customer service.

The technological opportunities to improve interaction and increase collaboration in organizations are expanding rapidly. There are many benefits of a well-designed KMS in the organization. These include saving time and effort to get knowledge, so that all interested parties can use the organization’s combined knowledge: knowledge is able to be used wherever and whenever it is needed, eliminating time wasting random distribution just-in-case people are interested. In order to be more beneficial to any other organization, the knowledge, as an organizational asset should be managed carefully.

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