Knowledge is one of the most important assets for every organization or industry. Knowledge management systems typically includes knowledge discovery, assessment, sharing, reuse, and acquisition. Unfortunately, due to the lack of effective and active knowledge management solutions, knowledge is often undocumented, not shared, difficult to access, and most times is at risk of getting lost.
If you are still unaware of how important a knowledge management system is for your organization and hasn’t still considered having proper knowledge management solutions, here’s what you should know first. It’s estimated that poor knowledge management costs companies over a billion annually, while organizations with an effective knowledge management system have increased their productivity by a huge percentage.
How can you have an effective knowledge management system? Today, a number of Knowledge Management system software are available to help you organize and manage your organization’s documentation, such as Auros – an active knowledge management system that helps simplify the way knowledge is discovered, shared, secured, and managed.
With effective knowledge management software, such as Auros, the cost of the inefficiency of knowledge management can be significantly reduced and your industry’s productivity can be improved.
Here are the Key Benefits of Effective Knowledge Management Software
Knowledge management software allows users to easily get access to accurate information without interrupting coworkers with emails, and chats. Thus, less time is spent in recreating existing knowledge, allowing employers to spend more of their time focusing on something more important work.
Reduction in Recurring Errors
Since knowledge is already shared and available to all, employees processing the same works become more aware of the work and are able to prevent themselves from making similar mistakes made by other employees. When information isn’t shared properly and efficiently, employees are destined to make the same mistakes over and over again.
Better Decision Making
When information is shared about employees’ experiences, research, and discovery, it becomes easier for the rest of the employees to access and evaluate that information in order to consider all things accurately before making any decisions.
With documented and shared processes, information is passed on accurately from one end to the other without getting distorted. This ensures that everyone is on the same page.
Increased Rate of Innovation
When information is shared and knowledge is gain, it can lead to new innovation. When employees share what they have learned and discovered, it encourages others to strive for new ideas and developments that benefit the organization.
Due to the existing information, the employees can swiftly find the information they need to resolve problems and deliver better measurements.
If you’d like to see how Auros, an active Knowledge Management system, can help your team, schedule a consultative briefing with Auros Knowledge Systems. During the 45- minute briefing, a lead Auros application engineer will discuss the benefits of the software with you, and answer any questions that you have. To set up your briefing, visit AurosKS.com/briefing.