Four products established by the data shop as foundations of knowledge management strategy

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1) Four products established by the data shop as foundations of knowledge
management strategy
For any company that wants to succeed in a global information economy, an intelligent,
comprehensive and easy-to-use system is needed for managing knowledge reserves, as well
as systems for accessing and acquiring new knowledge. From the point of view of the goals
of a society dominated by information technologies, knowledge is the intellect used in the
work.
World practice shows that it is the knowledge economy that becomes a powerful impulse to
accelerate technological development, increase the research intensity and competitiveness of
products, and contributes to diversification of activities (Aarons, et al 2015). This results in
new management requirements. Knowledge is becoming more accessible and highly
specialized. A clear manifestation of this trend is an increase in the number of search engines
that make it possible to instantly find the required information.
There are four elements in knowledge management in the data shop. They include;
1. Knowledge capture and creation
2. Knowledge enrichment and sharing
3. Information retrieval and storage
4. Dissemination of knowledge in data centers
The formation of a company's strategy is based on new management functions, which include
the accumulation of intellectual capital, the identification and dissemination of available
information and experience, the creation of prerequisites for the transfer and assimilation of
knowledge. The process of knowledge management means a specific activity for the

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identification, selection, synthesis, storage and dissemination of real knowledge in the
organization (Dayan, Heisig, and Matos, 2017). Of fundamental importance is the creation of
an interactive learning environment, which allows you to constantly share information and
use all the possibilities for learning new knowledge. It is necessary to note the distinction
between implicit and explicit knowledge.
a) Explicit knowledge is expressed in clear data, messages, words and numbers; they are
more systematized, coded and easily retrieved from local and global databases, e-mail
messages, HTML files, various document management systems, workflow class
systems and other information sources.
b) Implicit knowledge is difficult to express: they are often enclosed in intuition and in
non-analyzable experiences, skills and habits.
Implicit and explicit knowledge are essential components in developing a knowledge
management strategy. There are three main components of knowledge management: people
(they are transferred experience to create new ideas), processes (needed for sharing and
disseminating information), technology (necessary for the rapid and effective work of people
and processes). People solve problems using brainstorming, innovations, creative power and
knowledge gained from experience (Donate and de Pablo, 2015). Teamwork of people
multiplies the knowledge accumulated by the organization and improves the conditions for
achieving potential success. At the same time, organizations need skillfully designed and
efficient business processes to create an atmosphere of collective creativity, since even the
best solutions will not work if they are not distributed for corrections and implementation.
Work goes in the developed groups of people trying to solve a common problem. When an
employee works on innovations, a technological infrastructure is necessary, which provides