Current economic scenario demands for faster and continuous innovation for survival. With these demands on Innovation, organizations don’t find required knowledge at times. Also to add to it, there is a considerable loss of knowledge due to aging of workforce. Most of this knowledge is Tacit and is not expressed in clear terms.
To get most out of Engineering/ PLM / PDM system, it is important that Knowledge is captured and can be reused easily by whole organization.
Knowledge & Information Management are terms generally misused in context of systems. Prof Ray R. Larson has done a detail study on this subject .[Ray R. Larson 1997, SIMS 202: Information Organization and Retrieval] According to him, Data, Information, Knowledge and Wisdom can be defined as follows:
- Data – The raw material of information
- Information – Data organized and presented by someone
- Knowledge – Information read, heard or seen and understood
- Wisdom – Distilled and integrated knowledge and understanding
Taking forward we have put every thing in a simple formula:
Data + Organisation = Information + Experience = Knowledge + Synthesis = Wisdom
We provide Consulting Services around Engineering Knowledge Management & help organizations capture knowledge as part of PLM process. We also provide suitable mechanism to retrieve knowledge from system, thus reducing overall knowledge loss in an organization