Manage Knowledge and Information

Manage knowledge
and Information

Table of Contents
INTRODUCTION...........................................................................................................................2
MAIN BODY...................................................................................................................................2
Two types of existing technology that can be used in knowledge and information system.. 2
Describe an emerging technology that is used in knowledge and information management 3
Explain the following:............................................................................................................3
Outline three key features of management information systems and decision support systems
................................................................................................................................................4
Explain how risk management plans can be used in making decisions about actions to be
taken for a business................................................................................................................5
TASK 2............................................................................................................................................6
Business Expansion Report....................................................................................................6
Financial Policy and Procedures............................................................................................6
Financial Data.........................................................................................................................7
Administration........................................................................................................................7
Expenses 2016, 2017, 2018.............................................................................................................7
Profit and Loss Statement.......................................................................................................8
Exception report for 2016.......................................................................................................9
Staff Survey Result...............................................................................................................11
Customer Feedback..............................................................................................................11
Forecast Spreadsheet Template............................................................................................11
E-mail to management..........................................................................................................12
Meeting with the management Team...................................................................................12
Communication Plan............................................................................................................13
CONCLUSION..............................................................................................................................14
REFERENCES..............................................................................................................................16
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INTRODUCTION
Knowledge is very essential in every field; it require appropriate relevant information that
is very beneficial in terms of enhance brilliancy. In the prospective of organization, it is very
important to encourage the efficiency of the company and decision making process. Knowledge
is glue as well as learning together(Araz and et. al., 2020). Both terms play very crucial role in
student’s life, especially in schools, colleges and universities. If they don’t have appropriate
knowledge, they will face many difficulties in understanding the text. Management of knowledge
including the process of generating, accumulating, sharing and using knowledge for changing
organizational performance. It is a creation of new skills and abilities as well as competencies
and sharing the utilize of knowledge through organizational behaviour. In the prospective
knowledge management is very comprehensive encompasses various elements from
identification of knowledge to developing available the appropriate knowledge at the right time
to the right users. It focused on various activities such as generating new knowledge, acquiring
valuable knowledge from outside sources, using accessible knowledge in decision making. This
report composes of two types of existing technology that can be used in knowledge and
information management. It can be included emerging technology that is also used in knowledge
information system.
MAIN BODY
Two types of existing technology that can be used in knowledge and information system.
In the prospective of technology that support knowledge management that involve the
artificial intelligence, AI technologies involving those used for knowledge acquisition and case
based reasoning systems, electronic discussion groups and computer based stimulation, data
bases, decision support systems, enterprise resource planning system, expert’s system and
administration (Chen, Leng and Labi, 2020). Information system using the information
technology that has improved efficiency and productivity in such areas as sales and product
delivery through changing work procedure. However, there is no evidence that has increased
knowledge work. They have various mode of communication such as e mail, cell phones and
spend more time managing this information rather than using it. Although the early thinking was
that improved communication would reduce the need of physical space that space may be more
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important not less essential to knowledge work. In the prospective of information technology, it
involves the development, maintenance and the utilization of computer systems and software and
network for the processing and distribution of data. IT administration is the discipline in various
forms of how it is managed in term of priorities and requirement of the commercial enterprises
and organization. There are two types of knowledge management system first one is enterprise
wide knowledge management system that provide the key advantage of streamlining work and
maintaining company productivity.
Knowledge work system it gives business wide knowledge management that focuses on various
systems.
There are two types of technology that used KMS and IT management are given below:
Data base management system: it is a system software for developing and managing databases
that make it possible for users to create, protect, read, update and delete data in data base.
Describe an emerging technology that is used in knowledge and information management
Automated artificial intelligence and machine learning are one of the most advanced
emerging technologies affecting the information technology sector (Choi and et. al., 2020). There
are various types of emerging technologies such as artificial intelligence it is used for design the
mimic the human cognitive process, cloud computing, Nano medicine, 3 d bio printing and the
most important is robotics, it is the design, engineering and use of robotic machines to perform
partially or fully automated physical cognitive functions. Emerging technology is a term that
generally used to recognise or describe a new technology it may refer to the continuing
development of an existing technology. It can have a slightly various meaning that used in
several areas such as media, business, science and education.
Explain the following:
 Correlation calculation: The term correlation refers to a statistical measurement that
every company applies in order to analyse the degree of movement for two or more
securities shaving relation with each other (de Azevedo and et. al., 2020). Such kind of
calculation is done in order to manage firm’s portfolio having range between -1.0 to +1.0.
This shows the relationship between all the variables that they are related or not.
 Short term and long term analyses: The short term refers to a maximum period of up-
to one year or 12 months and long term comprises of time period more than three years
and lasts up-to thirty years. It includes the time period for assets held by the company.
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