Java IoT Authors: Elizabeth White, Liz McMillan, Pat Romanski, Roger Strukhoff, Yeshim Deniz

Related Topics: Java IoT, Open Source Cloud, Agile Computing, @CloudExpo

Java IoT: Article

Benefits of Knowledge Management By @TaylorsJim | @CloudExpo #Cloud

Knowledge management refers to saving, developing, sharing, and effectively using knowledge for the benefit of organization

Importance and Benefits of Knowledge Management

Scientia potentia est (Latin proverb meaning "knowledge is power") attributed to 16th century philosopher Sir Francis Bacon is nowadays more valid than ever. Knowledge is power and knowledge management is the key to success.

Knowledge management, in business terms, refers to saving, developing, sharing, and effectively using knowledge for the benefit of organization. It refers to a multi-disciplined approach of achieving organizational objectives by making the best use of knowledge.

In order to manage knowledge, one should be aware of different types of it: explicit (codified knowledge, found in documents), tacit (non codified, personal/experience-based knowledge and embedded knowledge (within people and processes).

Explicit knowledge a type of knowledge which is easily transferred to someone else by teaching it or putting it into a database or a book: for example - company's safety protocols which are easily demonstrated to a new employee.

It is formalized and codified. Knowledge management systems arrange storage, retrieval, and modification of documents and texts but also ensure that knowledge is accessible, reviewed, updated, or discarded.

Explicit knowledge is found in: databases, memos, notes, documents, etc.

While explicit knowledge is clear and straightforward, implicit knowledge refers to intuitive processes based on experience which lead to the result: offering a small discount for your regular customer or arranging the vegetarian snack for your biggest investor. This type of knowledge is often context dependent, personal in nature and requires action, commitment, and involvement.

It is difficult for knowledge management systems to obtain this type of knowledge but it can be encouraged and promoted by systems of knowledge management: supporting collaboration within company through knowledge networks or searching for advice or expert in professional networks.

Tacit knowledge is found in the mind of the people. It refers to cultural beliefs, values, attitudes, mental models, skills, capabilities and expertise an individual can have. The essence of tacit knowledge is intuition and experience.

Embedded knowledge is acquired through various processes, products, culture, routines. The management integrates way of handling problems into the company's procedures. This is dynamic, contextual and dispersed knowledge which manages interaction.

Embedded knowledge is found in: rules, processes, manuals, organizational culture, codes of conduct, ethics, products, etc. Although it can be written it is not explicit because it is not immediately apparent why doing something in a certain way is beneficial to the organization.


Online knowledge management

With knowledge management, the main company resource becomes the knowledge itself: company's documents, employees and procedures. In order to use full potential of company's knowledge, an intelligent system is required.

Technology tools that support knowledge management are called knowware. Most knowledge management software packages include one or more of the following tools: collaborative computing tools, knowledge servers, enterprise knowledge portals, electronic document management systems, knowledge harvesting tools, search engines, and knowledge management suites. The most effective are online platforms, for example Tally Fox, can be set up in 60 seconds.

Online knowledge systems deal with different types of knowledge which ensures numerous benefits for any company:

Explicit knowledge: Once an online platform is established, databases and company documents are no longer office limited. Keeping papers in folders in endless drawers is a thing of a past. Your online storage space is not only practically unlimited but it is far easier to handle document search and editing. While working on a project all the files are kept in one central location, and everyone works off of one central copy.  Furthermore, it is less complicated to merge and obtain new databases. Two companies' databases can be adjoined with just a few clicks.

Implicit knowledge: Social interaction initiates experience exchange. Tacit knowledge is based on experience.  Workers within the company have various means to communicate while using online platforms: instant messaging, file sharing even video conferencing. If an urgent problem occurs, the person in charge can be contacted and access the data within seconds even if he or she is not in the same room or even in the same continent. Internet has enabled easy access to people with the right skills within the company but also around the world. Employers can hire experts with specific knowledge needed, searching through professional networks. Having all the right people connected and gathered within one system makes the job easier done. In addition, cultural change and innovation are achieved.

Embedded knowledge: All the company knowledge is actually embedded within knowledge management online platform. Information, relevant for the company and how it is handled by employees in problem solving tasks is stored and kept on one place and available to whom it may concern. Managing and controlling the knowledge is easier to achieve and executives have a wider range of options.

Knowledge management seeks to make the best use of the knowledge because knowledge is power but only when shared and properly used.

More Stories By Jim Taylor

Jim Taylor has been a writer and a business content developer since 2008. He mostly writes about business strategy and technology.

@ThingsExpo Stories
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
The IoT Will Grow: In what might be the most obvious prediction of the decade, the IoT will continue to expand next year, with more and more devices coming online every single day. What isn’t so obvious about this prediction: where that growth will occur. The retail, healthcare, and industrial/supply chain industries will likely see the greatest growth. Forrester Research has predicted the IoT will become “the backbone” of customer value as it continues to grow. It is no surprise that retail is ...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of bus...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by FinTechEXPO. ICOHOLDER give you detailed information and help the community to invest in the trusty projects. Miami Blockchain Event by FinTechEXPO has opened its Call for Papers. The two-day event will present 20 top Blockchain experts. All speaking inquiries which covers the following information can be submitted by email to [email protected] Miami Blockchain Event by FinTechEXPO also offers s...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Cloud Expo | DXWorld Expo have announced the conference tracks for Cloud Expo 2018. Cloud Expo will be held June 5-7, 2018, at the Javits Center in New York City, and November 6-8, 2018, at the Santa Clara Convention Center, Santa Clara, CA. Digital Transformation (DX) is a major focus with the introduction of DX Expo within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive ov...
DXWorldEXPO | CloudEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors! In this blog post, we provide 7 tips on how, as part of our world-class faculty, you can deliver one of the most popular sessions at our events. But before reading...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...