Organizations are increasingly competing based on knowledge as work becomes more information and knowledge-based. Knowledge management helps organizations gain a competitive advantage by capturing information and turning it into meaningful knowledge through connecting data points and providing context. Effective knowledge management relies on synergies between technology, management information systems, and knowledge management to facilitate information transfer and improved decision making across departments in organizations.
5. Workforces are increasingly unstableKnowledge with information Information with meaning Data with context facts ,observation. data pointsConcept of knowledge pyramid