ITT Corporation On December 20, 2007, EDO Corporation merged with ITT Corporation to form a top-ten U.S. defense supplier.


ITT TSO

Knowledge Management

EDO's Knowledge Management definitions:

Knowledge

Is information that is evaluated and systematically organized in the human mind, based on experience, so that it can be used in positive manner to perform tasks.  

Some examples of Knowledge:
 
Paying bills based on the Accounts Payable Report and the clerk's experience.
Performing a test on equipment based on a test procedure and the technician's experience.
Using information on the competitor's web site to counter the introduction of a new product using information on your products and marketing experience.
Reacting to a newspaper article about your company's lower stock price based on article and CEO experience.
Responding to an unknown blip on a radar display based on training and technician experience.

Knowledge Management

Is similar to information management with the addition of coupling information with experience and sharing this knowledge with the appropriate personnel so that it leads to a more competently and efficiently operated organization.

An example of Knowledge Management:
 
Take the process of paying a bill by an experienced Accounts Payable Clerk.  The clerk uses information/procedures and experience. 
 
The experience is captured by a Knowledge Engineer interviewing the clerk about: 
  • Past problem solutions
  • Workarounds
  • Omissions in the written procedures
  • Ideas for improving the process
  • Tips & tricks
  • Comments
Account Payable information is coupled with the knowledge extracted from the clerk and put in a media format that can be distributed and used over and over by new or less experienced personnel to perform the payment task effectively. 
 

 

 


Note:  Knowledge Management media delivery formats include: Computer Based Training (CBT), an organization's Intranet/Portal Web Site, and improved process documentation.

A typical Knowledge Management System delivers information coupled with captured expertise to the appropriate personnel automatically or on demand.

A typical Information Management System does not capture expertise, it delivers information to applicable personnel automatically or on demand.

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Updated: January 28, 2008