Knowledge Management: Competencies and Professionalism, Essay Example

The research regarding Knowledge management has been a core discussion among the researchers and the scholars from years.  The years passed and there is a speedy improvement in the field of Information and communication technologies. The development in the field of knowledge management helps the organizations to get utmost advantage and to spread out the information into related organizations. The maximum benefits may vary from organization to organization in terms of knowledge management. Moreover, in this research we are going to explore about the organization regarding knowledge management. In this research we will explore the following departments related to Knowledge management such as:

• Drivers
• Features
• Techniques
• Execution

The above mentioned characteristics need to be examined through Knowledge Management. The research will involve the execution of Knowledge Management and the benefits we obtain by implementing tools (Barachini, Stauss, & Al-Hawamdeh, 2008). Employee associated with utilizing patterns of customer behavior from Knowledge management, i.e. a financial analyst would seek facets of the store or organization that may become bankrupt, similarly, human resource managers would seek information of a successful potential employee, employees working in a credit card department would like to get information associated with credit card debts payments from potential customers and also to analyze the legitimate credit card transactions against the falsified ones, marketing department executives would like to extract information associated with product purchases (Kransdorff, 2012). For instance, any online store would like to know what kind of brands are more popular for shoes; Adidas, Nike or Reebok. If all the mentioned information is available to any organization’s different departments, than efficient decisions will be made accordingly. Credit card department may focus and target potential customers to prioritize for minimizing fraudulent and fake transactions. Similarly, human resource department can short list based on background checks and hires the most appropriate candidate. Likewise, the marketing department will focus on demands of customer for different products. Accordingly, after making all the departments capable of taking efficient and informed decisions based on insights from knowledge management, businesses may reconstruct their objectives, strategies, goals and offerings on different products.

However, Knowledge management techniques are not limited to the mentioned benefits that it injects in to business processes and decisions, law enforcement agencies also use Knowledge management for detecting and analyzing probability of crime scenarios and environment of these crimes. Moreover, stock exchange can utilize Knowledge management techniques for detecting fake activities, so do pharmaceutical organizations by mining data for predicting effectiveness in compounds and to reveal innovative chemical objects that may directly contribute for a specific disease. Similarly, knowledge management is utilized by the airline industry to forecast delayed flights, so do weather experts for predicting weather by analyzing patterns. They can forecast the weather by informing the time and day for weather types such as sunny, warm, cloudy, bright skies, snow, cold, heavy or natural disaster. Furthermore, trust organization and nonprofit organizations also use Knowledge management techniques for accessing the prospect of donations from donors for any sort of charity work or cause.

Deployments in the Past

As mentioned earlier, Knowledge management specialist abstracts value data from the data warehouse, however, the strategy for pulling off valuable information is to identify relationships and patterns that are located within the stored data archives. Certainly, in the past, humans have always searched for patterns of activity i.e. astronomers looking at starts, weather forecasts. Likewise, in this current information age, humans are still eager to identify and understand patterns of activity. For instance, predictions for election results, new launched products, popular products, temperature variances due to global warming. We can roughly say that over the past 30 years, there is an evolution in a slow pace from data processing to Knowledge management. In the late 1960’s data was organized and collected by organizations by database management methods that facilitated data organization along with queries. Moreover, Online Transaction Processing technique was one of the routine methods for retrieving and storing data at a rapid pace. It was possible because OLTP which is “a class of program that facilitates and manages transaction-oriented applications, typically for data entry and retrieval transaction processing” (Com & Jielin, 2007) and “also refers to computer processing in which the computer responds immediately to users’ requests” (Com & Jielin, 2007) was considered to be one of the advancements in computing.

System Characteristics Implementation

The information and knowledge is considered as the major positive feature of any organization especially in today’s digital environment. The core field of any organization depends upon the Information and communication technologies (IT) that connects any organization through Knowledge Management and helps to make a communication bridge between organizations. In addition, the information technology in any organization provides a platform to exchange knowledge and information. In many organizations, the executives are obtaining help from Knowledge Management in order to get the information regarding latest technology. Moreover, the core foundation of providing knowledge in the field of Computers and networks in an organization is based on Knowledge Management. Following are the tools utilized by Knowledge Management:

• Intranets.
• Extranets.
• Virtual Private Networks Web conference.
• ETC Organization learning.
• Innovation.
• Sharing.
• Implementing.

Work Cited

Barachini, F., Stauss, K. A., & Al-Hawamdeh, S. (2008). Knowledge management : Competencies and professionalism. Singapore: World Scientific.

Com, J. W. N., & Jielin, D. (2007). Network dictionary Javvin Technologies, Incorporated.

Kransdorff, A. (2012). Knowledge management [electronic resource] : The death of wisdom : Why our companies have lost it, and how they can get it back / arnold kransdorff New York, N.Y.] (222 East 46th Street, New York, NY 10017) : Business Expert Press, 2012; 3rd edWu, Z.