Knowledge management is a newly emerging, interdisciplinary business model that encompasses both technological tools and organisational routines. It is the harnessing, classifying and cross-referencing of information within a business. This is achieved by systematic management of the processes by which knowledge is created, identified, gathered and shared. At Nexus, we design web based knowledge management systems that result in everyone in an organisation being able to access relevant information, no matter where it resides.
All employees are able to share information with other personnel.
Knowledge management is about connecting people to people, and people to information, to create competitive advantage and add value to your business. A knowledge management system will help your organisation to gain insight and understanding from its own experience. Any company that gives its people the organisational knowledge they need, at the point and time needed, can position itself to compete more effectively and succeed much faster. Many companies have vital knowledge resting with one individual and do little to make the knowledge more generally available. Many companies are unaware of their own knowledge base and evidence shows that knowledge is often lost from a company when employees leave.