Knowledge Management Foundations of IT Systems HW - Research Paper Example

In this scenario, the basic purpose of a knowledge management system should be the assurance that the approved clients will be able to access information. Moreover, just using a straightforward information management, recovery system and document cataloging is the beginning. Since gathering business knowledge does not only engage software and technology but it also necessitates a powerful document management software and intellectual change of how data and information are produced, managed, dispersed, stored and developed into modernization (infoRouter, 1998), (TechTarget, 1998) and (Bellinger, 2004).

This paper discusses some novel aspects of knowledge management (KM) discipline for organizational innovation. In this paper I will analyze some of the prime areas of KM system for our organization. I will discuss some advantages along with significant factors regarding this new technology application at different levels of our corporation. CURRENT PROBLEMS WITH ORGANIZATION With current business practice at the corporation we are facing some critical problems regarding corporate operational arrangement.

In this scenario the major issue is due to the traditional and inflexible working structure of the business. Seeing that, currently corporation is running its operations using traditional business practices (without knowledge management system) thus, below are some possible issues: (Laudon & Laudon, 1999) and (Turban, Leidner, McLean, & Wetherbe, 2005) Long time required for processing information Difficulties in managing records using paper based approach Difficult to manage business processes A lot of time required to search for the business information Absolutely no or least data sharing More workers required to handle business information Information gathered can include dirty data Business reports are complex and not offering better contribution for the effective decision making about business KNOWLEDGE MANAGEMENT SIGNIFICANCE Knowledge management outlines the major concerns of organizational efforts, change and ability beside fundamental and irregular environmental changes.

Additionally, it represents organizational procedures that look for synergistic grouping of information and data processing capability of information technologies, and the modern and inspired competence of various individuals. Moreover, the knowledge management is related to the practical and thoughtful implementation for the reason that it does not exist in the hypothetical description however in the actual world implementation where the maximum confronts and prospects recline (Global Risk Management Network LLC,, 2011) and (Laudon & Laudon, 1999).

IMPORTANCE KNOWLEDGE MANAGEMENT SYSTEM Knowledge management system is an innovative concept that is used to illustrate the creation of knowledge warehouses, knowledge availability and distribution, communication through teamwork, improving the knowledge framework and organizing knowledge as a plus point for an enterprise. Normally, knowledge management system encompasses a variety of applications and techniques those