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As the Knowledge Era unfolds, it is
witnessing a boom in the volume of Knowledge Management initiatives undertaken,
by companies and non-profit organizations, to enhance internal collaboration,
retain employee know-how and maximize overall performance. In
the 2002/2003 KPMG Knowledge Advisory Services survey
about Knowledge Management practices in Europe (profit & non-profit
sectors), 80% of the respondents recognized Knowledge
as a strategic asset and 78% believed having lost business
opportunities due to unsuccessful exploitation of available knowledge.
These findings, in comparison with those of the 1998 & 2000 surveys,
show an evolution in the use of Knowledge Management, which used to
be separated from daily business.
Insights from another study, conducted by the IDC,
show that worldwide Knowledge Management services spending has been
rapidly growing from $2,3 billion in 2000 to reach $12,696 billion in
2005, with the USA market representing only 48%.
From eBusiness Trends:
Knowledge
Capital - The 21st Century Leverage
The focus of Knowledge Management today, unlike early
generations, has shifted from automation of information capturing and
processing to a much more strategic vision of Knowledge Management.
In the face of information overload and accelerated pace of change,
the way knowledge is handled can spell out the difference between success
or failure. Winners are those that can transform available information
to purposeful knowledge and translate this purposeful knowledge to action
and results.
MindCooker can help companies successfully exploit the
golden opportunities of Knowledge Management by enhancing their capability
to mobilize and leverage their Knowledge asset. MindCooker is much more
than a standard KM solution. It brings KM into the heart of business
to get the maximum of company-wide knowledge and expertise.
To illustrate, an instructor preparing a training course
about a certain product can make use of the product fact sheet previously
created by a marketer and originally intended as sales aids. Similarly,
a marketer creating a brochure can make use corporate information published
by the communication people and originally intended to build one of
the company’s intranet or internet sites....
Findings from the KPMG survey confirm this trend,
as 83% of the respondents are using Knowledge Management
to realize synergies among units. The outcome, on the other hand, seems
very promising: 68% reported better teamwork and 64%
have achieved increased speed and responsiveness.
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