Testing grounds of knowledge
Knowledge is needed to drive a system effectively. If the system is not working properly then there can be a problem in the process of knowledge management either the right information is not being generated or it is not being accessed properly or might not be being applied properly. The performance of assets is like the testing ground of managed and processed knowledge. Knowledge is developed to improve the utilization and enhance the performance of assets. If assets are being highly utilized and properly managed then it can be highly probable that they would be supported with an application of very reliable knowledge. Knowledge management provides a reason for particular performance fo an asset. If performance is good it helps to sustain that methodology and if performance is not as per target then this helps to rethink the methodology and this also leads to a process of continuous improvement. Capturing knowledge for no reason doesn't make any sense and value either. Developing and using knowledge for improving assets management is the most effective way of using asset and knowledge management together to work as a system to deliver more effective and robust solutions. Below is the image as an example of how knowledge can be used to manage assets.