Knowledge management is a new concept in Library and Information science. Knowledge is considered... more Knowledge management is a new concept in Library and Information science. Knowledge is considered as a rich asset these days. The dictionary defines knowledge as the facts, feelings or experiences known by a person or a group of people. Knowledge Management as a new branch of management for achieving breakthrough in business performance through the synergy of people, processes, and technology, its focus is on the management of change, uncertainty, and complexity. K. Navalani said "Knowledge Management caters to the critical issues of organizational adaptation, survival, and competence in face of increasingly discontinuous environmental change.... Essentially, it embodies organizational processes that seek synergistic combination of data and information processing capacity of information technologies, and the creative and innovative capacity of human beings." Information can be considered as a message. It typically has a sender and a receiver. Information is the sort of stuff that can, at least potentially, be saved onto a computer. Data is a type of information that is structured, but has not been interpreted. Knowledge might be described as information that has a use or purpose. Whereas information can be placed onto a computer, knowledge exists in the heads of people. Knowledge is information to which an intent has been attached. In the eighteenth century Dr.Samuel Johnson (1709-84) wrote 'Knowledge is of two kinds. We know a subject ourselves or we know where we can find information upon it'. In the new millennium, however, it is apparent knowledge management is emerging as a dominant force in the overall strategy of organizational management. In July 1999 Tony Blair, the British Prime Minister said, "The knowledge economy is the economy of the future". In knowledge economies, knowledge, expertise and innovation rather than land and machinery are the primary assets of an organization. Such assets must be effectively managed. Knowledge Management caters to the critical issues of organizational adaptation, survival, and competence in face of increasingly discontinuous environmental change. Essentially, it embodies organizational processes that seek synergistic combination of data and information processing capacity of information technologies, and the creative and innovative capacity of human beings. Clearly the goal of knowledge management has sustained individual and business performance through ongoing learning, unlearning, and adaptation. Technologies of computing have inherent limitations. They have difficulty in generating meaningful insights from data as they can't question or re-interpret their programmed logic and assumptions. Given inherent limitations of the technologies of computing, human users of such systems have at least an equally important role in knowledge management. Knowledge management is a part of the continuous business improvement process. It relates to the way an organization works and develops. It recognizes corporate capability and enables skills, knowledge and processes of the organization to be used effectively and creatively to improve business performance. It is more useful to consider
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