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.
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Describe an emerging technology that is used in knowledge and information management
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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 (Been-Dahmen and et. al., 2017). 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 (Benallal and et. al., 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
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communication would reduce the need of physical space that space may be more 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 (Bukunova 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 (Castellano and et. al., 2021). 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
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