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Video 3_eI5r55XhU

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# Video 3_eI5r55XhU **Source:** [https://www.youtube.com/watch?v=3_eI5r55XhU](https://www.youtube.com/watch?v=3_eI5r55XhU) **Duration:** 00:08:32 ## Sections - [00:00:00](https://www.youtube.com/watch?v=3_eI5r55XhU&t=0s) **Untitled Section** - ## Full Transcript
0:01when i started out in my first it job i 0:04met a guy let's let's call him bob 0:06bob knew 0:08everything 0:09if you wanted to know how our 30 year 0:12old billing system worked you called bob 0:15network down bob kick it you're running 0:17again 0:18where the stash of the good coffee was 0:20kept 0:21see bob 0:22and then not one month into my 0:24employment bob sent out a company-wide 0:27email informing us of his imminent 0:30retirement no joke this caused 0:32management some major worries and bob 0:34spent his last few weeks furiously 0:37documenting everything he knew 0:39this is an example of a lack of recorded 0:42enterprise knowledge what we needed all 0:45along was a proper 0:48knowledge 0:51management 0:55system 0:58now knowledge management helps to not 1:01only 1:02create organizational memory but also 1:05aids operational efficiencies increased 1:07collaboration and identification of 1:10skill gaps let's take a look 1:13so knowledge management is the process 1:14of identifying organizing storing and 1:17disseminating information within an 1:19organization when knowledge is not 1:21easily accessible it can be incredibly 1:24costly to a business 1:26so where should this knowledge be 1:28harvested and stored well in something 1:32called a k 1:34m 1:35s or knowledge management system 1:38supported by 1:41a knowledge 1:43base 1:48but 1:49well what is 1:51knowledge we can probably define it into 1:53three types 1:55tactic implicit and explicit so tactic 2:01knowledge 2:02is typically acquired through well 2:05experience and it is intuitively 2:08understood so for example leadership 2:10skills or recognizing facial expressions 2:13a tactic knowledge is difficult to 2:14codify and it's difficult to write down 2:18there's also 2:19implicit 2:22knowledge 2:23and impressive knowledge is kind of the 2:25the know-how knowledge that has not been 2:28written down or recorded yet but this is 2:30the stuff that was that was in bob's 2:32head 2:33while this type of knowledge may not be 2:35initially obvious it can be captured 2:37with the right tools and with the right 2:39processes and unlike tactic knowledge 2:41implicit knowledge can usually be 2:43codified and then finally there's 2:47explicit 2:49knowledge 2:51information that is captured within 2:54various document types such as manuals 2:56and reports and guides and you'll find 2:58explicit knowledge in databases white 3:01papers and case studies 3:04the goal of knowledge management is to 3:06make this valuable enterprise knowledge 3:08accessible to anyone who needs it and 3:11when they need it in order to achieve 3:13this businesses need to implement a 3:15system for capturing storing and 3:17disseminating information through the 3:19company 3:20an effective knowledge management system 3:22typically goes through three main stages 3:25so let's take a look at those 3:28so knowledge 3:29[Music] 3:31and then stage one 3:33is really the knowledge 3:35creation 3:39so knowledge creation is where 3:40organizations identify and document any 3:42existing or new knowledge that they want 3:45to circulate across the company figure 3:47out what it is we need to store 3:49speaking of that stage two is knowledge 3:53storage 3:54and this is the stage that describes 3:56where an its system is used to host 3:58organizational knowledge for 4:00distribution 4:01information may need to be formatted in 4:03a particular way to meet the 4:05requirements of that repository 4:07and then number three we have knowledge 4:10sharing 4:14this is the final stage in which 4:16processes to share the knowledge are 4:18communicated broadly across the 4:19organization 4:21so what knowledge management tools do we 4:25have 4:26at our disposal 4:31well there's there's a whole bunch we'll 4:33just cover a few of them and the first 4:35of those is a content management system 4:38or a cms 4:40this is an application which manages web 4:42content where end users can edit and 4:45publish content and content here could 4:47be document like you know an faq or it 4:50could be some other form of media like a 4:53piece of audio or or a video 4:56that cms could be hosted on a public 4:58website if this is intended for customer 5:00consumption or it can be hosted on an 5:02intranet for internal use 5:05document management systems or dms 5:10go beyond the web to act as a 5:12centralized storage system for digital 5:14documents such as pdfs images and word 5:17processing files a great place to store 5:19how-to guides or lessons learned 5:21documents 5:22and while cms and dms systems are 5:25typically curated 5:28a data 5:30warehouse 5:33is something that aggregates data from 5:36different data sources into a single 5:39central consistent data store often 5:42through automated collation 5:44a data warehouse can support data 5:48analysis data mining artificial 5:50intelligence and machine learning 5:53data is extracted from these 5:55repositories so that companies can 5:56derive insights to make data-driven 5:59decisions 6:00now we've already talked about some 6:02benefits of knowledge management 6:04specifically maintaining enterprise 6:06knowledge but there are many reasons to 6:08embrace a knowledge management strategy 6:12like for example identification of 6:15skill 6:16gaps 6:20when teams create relevant documentation 6:22around implicit or around tactic 6:26knowledge or consolidate explicit 6:28knowledge it can highlight gaps in core 6:31competencies across teams great 6:34information to use when building a 6:36training plan or figuring out hiring new 6:38resources 6:40now knowledge management can also aid in 6:42data 6:43security 6:48and in this case knowledge management 6:50systems enable organizations to 6:52customize permissions control or 6:54viewership control and the level of 6:56document security to ensure that 6:57information is shared only in the 7:00correct channels or with selected 7:02individuals 7:03and if employees know that a knowledge 7:05management system is a go-to place to 7:07find relevant information 7:09this will also lead to operational 7:14efficiencies from faster decision making 7:17and improved productivity 7:20knowledge management systems can be 7:21created by skilled employees and 7:23harvested through natural language 7:25processing of existing document sources 7:28and when employees are armed with the 7:30right tools and strategies knowledge 7:33management practices make it easier to 7:35onboard new employees assist a more 7:38productive workforce who know where to 7:40look for the answers and enable customer 7:43self service support portals 7:46because well without one we're exposed 7:48to the risk of losing institutional 7:50knowledge when employees are no longer 7:52around for us to ask 7:54and 7:55look i know this is a long shot but bob 7:58if you are watching 8:00just where did you hide away the good 8:01coffee pods 8:04thanks for watching and please consider 8:06to like and subscribe to our channel 8:09also in the comments let us know about 8:11other tech topics you'd like us to cover 8:13so we can continue to bring you content 8:15that's relevant to you 8:17like well some of these videos here 8:30you