Knowledge Management: A vital concept for every organization

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Have you ever heard about “Knowledge Management”? It is the process by which an organization collects, arranges, communicates, and analyses its knowledge in a way that is easily available to employees is known as knowledge management. This information consists of people skills, training manuals, commonly asked questions, and technical resources. Data mining and a technique of operation to push information to users so they may quickly access it are both part of knowledge management. A knowledge management plan entails an analysis of corporate objectives and a detailed look at the instruments to meet a company's demands. The basic objectives of knowledge management are to increase organizational effectiveness and save knowledge in a format that is simple to access. Knowledge management tries to present the appropriate information to a person at the appropriate moment. This could be accomplished through: storing knowledge in a knowledge management system and structuring it to handle particular business activities; sharing information with those who can gain from it; enhancing procedures and technology to make knowledge more easily accessible; and encouraging the creation of new knowledge to support lifelong learning.