Assignment on Knowledge Management- Privacy and Confidentiality

Running head: KNOWLEDGE MANAGEMENT
Knowledge Management
Name of Student
Name of University
Author Note

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KNOWLEDGE MANAGEMENT
Table of Contents
Introduction to the Issue......................................................................................................2
1. Summary of Current Initiatives and Development..........................................................2
2. Issues and Challenges......................................................................................................4
3. Implication of Privacy and Confidentiality in Knowledge Management Practice..........6
3.1. Solution to the Privacy and Confidentiality Issues in KM.......................................7
Conclusion...........................................................................................................................8
References............................................................................................................................9

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KNOWLEDGE MANAGEMENT
Topic: Knowledge Management- Privacy and Confidentiality
Introduction to the Issue
Knowledge Management (KM) is of significant importance as it increases the efficiency
and the productive of an organization by effectively handling all the information and the
resources of a particular business company (Becerra-Fernandez and Sabherwal 2014). The basic
constituents of knowledge management include processes, people, tools and the organization.
Therefore, it can be said that effective knowledge management is a significant need of and
organization. However, concerns about secure knowledge management is quite common and for
ensuring that the process of KM is carried out effectively within an organization, it is necessary
to ensure confidentiality and privacy of the data stored within the system (Hislop, Bosua and
Helms 2018). KM is known for enhancing the value of a corporation or a specific organization
by effectively identifying the assets of the organization and by effectively managing the key
resources.
The key problem that a particular organization can face related to knowledge
management include ensuring confidentiality, trust and privacy within the organization. Various
access control techniques are needed to be in place to ensure operational KM within the
organization. The report discusses the current initiative and development in the field of KM and
its related security and privacy issues. The report analyses several implication of knowledge
management practices and recommends the processes in which these issues can be mitigated or
reduced.
1. Summary of Current Initiatives and Development

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KNOWLEDGE MANAGEMENT
KM deals about the process in which corporations share the resources and expertise to
build intellectual capital, which enables them to increase the competitiveness with the other
organization (Girard and Girard 2015). Several initiatives are taken by organizations across the
globe to promote KM within the organization. Corporations having access to intranets promote
KM so that the staffs of the organization can know about the various developments in
technology, know about the needed corporate data and the proficiency of the various human
resources of the corporation.
Large number of organizations are taking interest and/or implementing knowledge
management initiatives within the organization to improve their competitive advantages.
However, the success of a KM initiative is largely dependent on the process that is undertaken to
implement the same (Wang, Noe and Wang 2014). KM initiatives are needed to be undertaken as
knowledge has proven to be the most imperative factor of the economic life, which largely
affects the business strategies of an organization. Therefore, in recent years, wider explanations
for the amount of attention being paid for knowledge management can be seen within various
business organization. It has been argued that within the context of high technology industry,
new technologies are created that creates inter dependencies among the various business units
(Omotayo 2015). Global competitiveness has a high functional value in firm’s pace and for that
efficiency of the extent of knowledge accumulation is needed to be identified. KM has come to
cover the initiatives that ranges from attempts of organizational learning to use of various
database management tools.
Although several initiatives are taken for management of knowledge within the
organization, there have been a steady increase of the problems and barriers against KM. The
various meaning of, the approaches and the possibilities associated with KM generally results in