Knowledge economy, according to experts from around the world, refers to the use of knowledge as the primary factor to improvise the economy of a company or a country. For knowledge to grow and prosper, abundance of information as and when required, is very essential.
Data is collated by effective research and collection. By organizing collated data, information can be obtained. By referring to information from different perspectives, growth of knowledge takes place. According to experts from around the world, data and information can be readily transferred and managed. But knowledge gathered by consuming available data and information varies from person to person.
Based on all above facts, businesses around the world are making diligent efforts to make data and information available to its employees at the right time. Businesses are also realizing that, effective management of knowledge across the organization will have huge impact on the bottom line.
Here are some ways to make data and information available to its employees as required.
Resource Center is a popular concept that represents a collection of key data and relevant information at a centralized location. It could be a virtual intranet portal or a physical informative library.
Enabling smart devices to access critical applications and informative database enables employees to get required information on the go. Security of those applications and database is to be taken care of.
Nurturing SME communities will encourage healthy discussions among employees and help them share required data and information. Contradictions in data from different plants engaged in similar processes can be identified and related issues can be sorted out accordingly.
Implementing Enterprise Application Search (EAS) is another popular way to manage data and information across the organization. EAS helps employees to search required data from across different applications in a timely manner. EAS is usually integrated well with the ERP and legacy systems to fetch required data.