Knowledge is an Essential Element at Present World

Abstract

At present knowledge is an essential element of production, next to labor, land and capital. Knowledge is considered as a collection of experience, appropriate information and skilled insight which offers a structure for estimating and integrating new experiences and information. Due to the recent development of science and technology, knowledge becomes an essential part in every organization. In organizations, knowledge is considered as a storehouse of intelligent for the development of the organizations. Achievement of new knowledge is one of the greatest challenges in the building of intelligent systems in every organization. Employees in institutions must be sincere for the creation and sharing of knowledge to increase their effectiveness in the workplace. A knowledge map is the pictorial illustration of the achieved information from a huge collection of data. It helps an organization to realize how the loss of staff influences intellectual capital, to assist with the selection of terms, and to match technology to knowledge needs and processes. This paper highlights knowledge map which contributes a fundamental role for better knowledge management and learning. Knowledge sharing and transfer are good techniques to exchange knowledge among the organizations which help organizations to explain their level of knowledge internally and externally. An attempt has been made here to analyze in brief the significance of transfer of knowledge.