Knowledge is far more than simply information. When it comes to information, we have a lot of it. In fact, we have so much more information today compared to any other time in the history of mankind. But how we handle it and use it is what gives us success, whether personally or as an organization.
Knowledge Against Information
While knowledge and information are two words that are often used interchangeably, there is a huge difference between the two. Information is simply a body of processed data, while knowledge is the understanding obtain from the analysis of information. Knowledge is as well the single true commodity of an organization or company – that is, the experiential knowledge of its people. As we gradually leave the Information Age and usher ourselves into the Knowledge Age, In increasing number of managers and CEOs come to terms with this fact. The knowledge of their workers is the true driver of their organization’s true success and profitability. Knowledge Management strategically taps individual and group experiences and insights and uses them for the organization’s sustained benefit.
Fixing the Knowledge Gap
As the boom generation rapidly step into retirement, gathering and developing your organization’s knowledge becomes increasingly crucial. The aggregated insights and experiences of your team will be your organization’s money and weapon, and those without the same will be at a disadvantage. A complete generation’s knowledge has to be assessed and spread around, stimulating the group’s innovation and growth while stopping a possible “knowledge void” they may leave behind.
Knowledge Management Success
Knowledge management plays a fundamental role in many key success aspects such as:
Increased speed and quality of service and product development
Competitive advantage gained through leveraging people’s expertise throughout the organization
More efficient and collective problem solvingProblem solving efficiency Efficiency in problem solving
Empowering the team for the production of new ideas and insights
Preventing costly errors through access to others’ knowledge
More connectivity throughout organization
Faster new employee on-boarding
The above are just a few of the several and considerable benefits offered by Knowledge Management. And for any organization to succeed in the emerging Knowledge era, the people behind must be need well-educated KM leaders.
If you’re in search of a KM training provider for your personal or organizational advancement, be sure to plan ahead to avoid being overwhelmed by the choices you have. First and foremost, make a list of what you would like to accomplish from KM training and speak to a representative from your prospective KM school about making it happen. This helps you see to it that your goals for getting KM education are well-met.