Benefits of Knowledge Management in Business Organizations

Companies can no longer run away from the responsibility of finding ways to leverage corporate knowledge. This can be done using technology and other company practices. Traditionally, knowledge management systems focussed on capturing and centralizing knowledge to make it readily available at a later date. Today, the focus is no longer about the knowledge itself but on those who share, hold, and use it. Organizations, therefore, cannot afford to ignore the important place of knowledge management. Here are reasons why organizations must work to adapt knowledge management systems: Faster Access to Knowledge and Information Through knowledge management systems, organizations can

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