Knowledge Management in Software Development

“Through zeal, knowledge is gotten. Through lack of zeal, knowledge is lost. Let a man who knows this double path of gain and loss thus place himself that knowledge may grow.” – Gautama Buddha. Knowledge is much complex and complicated than data or processed information, since it is subjective, usually based on experience and highly provisional.

Knowledge management is the systematic management of a company’s knowledge assets for creating values and meeting tactical and strategic requirements. It includes all the strategies, initiatives, processes, and systems that will make a platform to sustain and enhance the storage, assessment, sharing refinement, and the creation of knowledge. Every organization must define knowledge management in terms of its own business goal. Knowledge management is mainly about applying knowledge in new, previously overburdened or novel situations.

It continues cycle comprised of three processes: Knowledge creation and improvement, Knowledge distribution and circulation, Knowledge addition and application. It incorporates both storing and holding of the knowledge perspective, with respect to the intellectual assets. Knowledge management is a systematic and deliberate collaboration of an enterprise’s people, processes, technology, style and structure in order to add value through innovation and reuse.

Knowledge management can be applied through three distinct perspectives: Content, Containers, and Communities which lead to a different definitions and estimations. It can be implemented for executing the knowledge component of business activities as an explicit concern of business in policy, strategies and practice at all levels of the organization. It also helps us maintaining a direct link between an organization’s intellectual assets both explicit (recorded) and tactics (know –how) and positive business results. 

According to cognitive science perspective, in software development knowledge management is the transformation of knowledge in the form of understanding, practical know –how and insights that we all possess in other manifestations like technology, books, practices and traditions within organizations of all kinds and in society. In contrary, according to Technology perspective, knowledge management is the concept which dictates that the information is changed into actionable knowledge and is made available effortlessly in a usable form to the people who can leverage it accordingly on the basis of their requirements.

There are certain applications of knowledge management followed in various key areas. It can be helpful for the globalization of business since the organizations are more universal nowadays i.e... They are operating in multiple nations, multi-cultural and mulch – lingual in nature.

Knowledge management can be used for leaner approaches, organizations are adopted to a lean strategy where they understand clients to focus and value on key processes to continuously increase it. The ultimate goal is to provide perfect value to the client through a perfect value creation process that has zero waste. It helps us to handle corporate amnesia. Everybody is free as a workforce, which creates issues regarding knowledge continuity for the organization and places with continuous learning demands from the knowledge worker. We no longer expect to spend our entire work life with the same organization.

The best we can use knowledge management is through technological advancements. Today’s world is equipped and connected with all kinds of websites, smartphones, and other latest gadgets. Advancement in technology has not only helped in better connectivity but also changed expectations. Companies are expected to have online presence round the clock for fulfilling the needs and information as per the client.

Knowledge management empowers and serves as one of the major consequence to the challenge of trying to handle the complexity in an overloaded work environment. We can best define it as a clustered science of complexity. “To acquire knowledge, one must study. But to acquire wisdom, one must observe. “

Similar Articles

Advanced Office 365

Since its introduction in 2015, Microsoft’s office 365 Advanced Threat Protection (ATP Discussion), has been widely adopted and recommended by all categories of possible users. The security features of this office software product, are part of the factors that has helped it gain public awareness on all ends.

magento for business growth

Magento is a scalable, flexible, and extensible platform, which helps to create the best eCommerce solutions for businesses of every size and type. Recently, Magento 2.3 was launched with new innovative features, optimizations, and back-end enhancements.

Your Easy Guide to Agile Custom Software Development

The business landscape is changing drastically. Digital technologies are rapidly changing the scenario by enhancing the capabilities of the organization to identify the customers’ preferences and provide customized solutions to them.

Leverage Artificial Intelligence to Solve Top Software Testing Challenges

Artificial Intelligence has become an integral part of our routine life. The AI-powered machines, software, and other automated processes reduce human efforts in day-to-day services such as using Google Maps for route planning or taking help of voice assistants like Alexa for shopping online.

 Android App Security Best Practices

A surge in smartphones, tablets, and other mobile devices has empowered customers to find, engage, and interact with their favorite brands at their convenience. As part of this, many businesses offer integrated personalized Android apps to promote their services and strengthen their brand marketing.

How Banks And MCA Businesses Are Using CRM To Reduce Cost And Decrease Churn

In the recent times, many financial businesses such as insurance companies, banks, and other alternative financing services like Merchant Cash Advance businesses understand the importance of easy to use CRM (Customer Relationship Management) and the potential of this software application in helping them to acquire new customers and retain the existing ones while maximizing on their customer lifetime value.  

How Digital Transformation Impacts Enterprise Software Development

Digital transformation refers to a tectonic change in the areas of business, including operations, processes, activities, competencies, and more. It leverages the integration of digital technology in the industry and introduces a paradigm shift from the traditional mode of operation to the modern ways of service to deliver value to the customers.

Legal Practice Management System

A law firm loves winning cases, but it doesn’t like keeping tons of paper documents around without any security. With the increasing technological advancements, more law firms are using litigation document management system.

Why Angular for Web Application Development

You see, if you are even vaguely familiar with the concept of web app development, you'd know that it's a process that is mired in questions and decisions before you can also get started. Also, though there's a good deal of choices involved, perhaps the most consequential is choosing the framework that will be used to deliver the web app for your business.