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Role of ICT in Knowledge Management

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Keywords
  • Socio Economic And Extension

Abstract

It is inevitable to know about the significant role of ICT in Knowledge Management. Knowledge management comprises a range of strategies and practices used in an organization to identify, create, represent, distribute, and enable adoption of insight and experiences comprising knowledge, either embodied in individuals or embedded in organizational process or practice. The concerted efforts on Knowledge Management typically focus on organizational objectives such as improved performance, competitive advantage, innovation, the sharing of lessons learned, integration and continuous improvement of the organization. KM efforts overlap with organizational learning and may be distinguished from that by a greater focus on the management of knowledge as a strategic asset and a focus on encouraging the sharing of knowledge. KM efforts can help individuals and groups to share valuable organizational insights, to reduce redundant work, to avoid reinventing the wheel per se, to reduce training time for new employees, to retain intellectual capital as employees‘ turnover in an organization, and to adapt to changing environments and markets.

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