MANAGEMENT Abstract In this turbulent environment business is not only about distributing the products on the market and selling them to the customers. It is about distributing the right product to the right customer and also at the right time and place. However such precision can only be achieved when an organization has a sound data warehousing and storage systems…
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Apart from that the essay will also highlight on the various types of storage systems. Finally the report will shed light on the advantages of the mentioned storage systems Table of Contents Introduction 4 Data Warehousing 5 Types of Storage system 6 References 8 Introduction Knowledge management can be defined as the set of methods that are responsible for arrangement, distribution, and deployment of knowledge. Knowledge management has a long history; however the form of knowledge management was different from time to time. Knowledge management is a broader topic and plays a significant role in today’s age of information technology. It hugely impacts the action we perform and the decision we make, as both are influenced by some form of knowledge. According to Thomas Bertels knowledge management can be defined as the management or supervision of the organization in the context of continuous regeneration of knowledge. Incorporating information technology within the organization, circulation of knowledge and developing the structure of organization are the examples of knowledge management (The knowledge management forum, n.d.). Thus knowledge management can be portrayed as the capability to manage knowledge. These days organizations have also started to view ‘knowledge’ as a type of resource. ...
Such activities are principally carried out to preserve knowledge assets of the organization and also to facilitate group working. The next half of the report will present a brief description about data warehousing. Data Warehousing Data warehousing is the process by which an organization stores its historical data in a structured form, so that it can be used further. Data warehousing can be defined as the set of techniques, methods and tools that are employed to offer support to the knowledge workers such as managers, directors, and analysts. The primary function of a data warehousing is to facilitate availability of information which further helps in the process of decision making and also for enhancing informational resources. William H. Inmon defined data warehouse as an integrated, non volatile, issue oriented collection of data which helps in the decision making process of the management (Inmon, 2005, p. 32). Data warehouse is the base storage location, which contains data from a number of sources and then transforms it into a multi dimensional and informational model that can be used for the process of querying and investigation. A data ware house also holds the capability to carry out many activities. For example a training manager from an organization may ask ‘what are the best possible orientations for a newly recruited employee?’ Apart from that personnel from administration department may ask ‘which particular strategy is more likely to get success in the market place’. Each of the aforementioned questions needs information pertaining to the area of research and this information instigates from the data warehouse. In general, on regular basis information the operational systems are imported and extracted in the data
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Knowledge management involves a number of practices and strategies used by companies to identify, represent, create, distribute, and enable assimilation of experiences and insights. Such experiences and insights include knowledge, either embedded or embodied in organizations as practices or processes.
The researcher aims to evaluate briefly some definitions for its usefulness to knowledge management. The researcher will consider such issues as: does it assume a particular view of knowledge? Is it more relevant to practice, or to theory? Is it relevant to a specific field (such as business) or more generally applicable? What do you think are the most useful aspects of the definition, and why?
The report was conducted with regard to the airline industry which has a wide application of Knowledge management due to its complex nature and very competitive environment. The various sectors of both AirAsia and the Malaysian Air travel industry were considered and the study research conducted on how they have strategized their operations in order to reap the good benefits of Knowledge Management.
One can find knowledge not only in repositories and documents but is also found to be embedded in the minds of people and with the passage of time such knowledge is demonstrated through the acts and behaviours of those people. Knowledge Management (KM) has recently emerged as an organisational theory mainly because of the increasing utilisation of knowledge in the business world (Aranda, and Fernandez, 2002).
Social media has been successfully adapted by a few MNC’s as channels for research and innovation. They have also shown their potential in promoting knowledge sharing and team building. The value of social media technology to improving overall organizational effectiveness is borne by statistical and empirical evidence.
Historically, Metadata has been defined as "data about data." Metadata can also be thought of as the "DNA" of a corporation. Through its systematic capture during the creation of the assets in the enterprise architecture, one can search, catalog, and ultimately reuse corporate assets, achieving enterprise-wide information integration.
Nevertheless, each knowledge reprocess circumstance is distinctive in terms of conditions and setting. Every time these variations between the knowledge reprocess circumstances are taken for granted, the organisation confronts a variety of challenges in building and implementing its knowledge management processes.
The phrase 'Knowledge management'(KM) is widely acknowledged now-a-days as many organizations have started realizing that knowledge is one of the precious assets in organizations, which need to create real competitive advantage over its rivals. Knowledge is the intellectual capital of a firm that can contribute growth and development to the organisation.
Analysis provided in this research paper will prove the significance of contextualizing information in an organization to eliminate the necessity of constant contacting of the authors of various projects in the wake of retrieving information necessary for initiation of a new project.
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