Problem Statement

Problem finding In this document I would like to clarify the problem area by stating and explaining what the problem is, the intervenient variable, the relationships between those variables, the area or field the problem is sitting and what it aims to measure.

Problem Statement  What is the relationship between I.C.T and Knowledge Management and how can they foster development for real-time companies? This problem area encompasses two different variables namely, I.C.T and knowledge management. The area also addresses the relationship between the two, what they aim to measure by stating the level of effort and the impact they provide for developing real time companies and the entities or the intended targets they aim to focus which are the real time companies. From this problem area, some other important questions may also arise and that is why the need to take them into consideration as well. The open questions are:

 How can we enhance knowledge processing and innovation with the use of I.C.T in real-time companies?  What is knowledge and how do real-time companies distinguish it from information?  How can real-time companies realize when information becomes knowledge?  Do real-time companies have sufficient successfully with technological change?

knowledge

to

cope

Technology alongside with knowledge management will clearly become more helpful in dealing with information overload. Techniques such as automation can reduce the load of persons attempting to perform certain tasks repetitively and perform more productively. There is some promise, as yet unfulfilled, that intelligent agents may in the future help persons to prioritize the messages they receive. Technology and well managed knowledge also help managers to select only the required information needed to make several important and strategic decisions as well that play important role in the organization success. (Malhotra, Y., 1993) Finally, it should be emphasized again that this document has dealt with managing human knowledge with the help of I.C.T. Human knowledge will continue to be a valuable resource for the foreseeable future, and technology to help leverage it will be increasingly valuable and capable.

References Malhotra, Y. (1993), ‘‘Role of information technology in managing organizational change and organizational interdependence’’, BRINT Institute, LLC, New York, NY, available at: www.brint.com/ papers/change/