session 10 managing knowledge for the digital firm

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SESSION 10 SESSION 10 MANAGING KNOWLEDGE FOR MANAGING KNOWLEDGE FOR THE DIGITAL FIRM THE DIGITAL FIRM

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SESSION 10 MANAGING KNOWLEDGE FOR THE DIGITAL FIRM. KNOWLEDGE MANAGEMENT IN THE ORGANIZATION. Organizational learning Creation of new standard operating procedures and business processes Knowledge management Set of processes Creates, gathers, stores, maintains, and disseminates knowledge. - PowerPoint PPT Presentation

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Page 1: SESSION 10 MANAGING KNOWLEDGE FOR  THE DIGITAL FIRM

SESSION 10SESSION 10

MANAGING KNOWLEDGE MANAGING KNOWLEDGE FOR FOR

THE DIGITAL FIRMTHE DIGITAL FIRM

Page 2: SESSION 10 MANAGING KNOWLEDGE FOR  THE DIGITAL FIRM

Organizational learningOrganizational learning

Creation of new standard operating Creation of new standard operating procedures and business processesprocedures and business processes

Knowledge managementKnowledge management

Set of processesSet of processesCreates, gathers, stores, maintains, and Creates, gathers, stores, maintains, and disseminates knowledgedisseminates knowledge

KNOWLEDGE MANAGEMENT IN THE ORGANIZATION

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Knowledge BaseKnowledge BaseStructured internal knowledge (explicit Structured internal knowledge (explicit knowledge)knowledge)

External knowledge of competitors, External knowledge of competitors, products and marketsproducts and markets

Tacit knowledgeTacit knowledgeInformal internal knowledge which Informal internal knowledge which resides in the minds of employees and resides in the minds of employees and has not been formally documented in a has not been formally documented in a structured formstructured form

KNOWLEDGE MANAGEMENT IN THE ORGANIZATION

Systems and Infrastructure for Knowledge Management

Page 4: SESSION 10 MANAGING KNOWLEDGE FOR  THE DIGITAL FIRM

Organizational MemoryOrganizational Memory

Stored learning from organization’s Stored learning from organization’s historyhistory

Used for decision making and other Used for decision making and other purposespurposes

KNOWLEDGE MANAGEMENT IN THE ORGANIZATION

Systems and Infrastructure for Knowledge Management

Page 5: SESSION 10 MANAGING KNOWLEDGE FOR  THE DIGITAL FIRM

IT Infrastructure for Knowledge Management

Figure 11-1

KNOWLEDGE MANAGEMENT IN THE ORGANIZATION

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• Consists of creating or processing Consists of creating or processing informationinformation

• Carried out by workers who are divided Carried out by workers who are divided into into • knowledge workersknowledge workers who primarily who primarily

create knowledge and informationcreate knowledge and information• data workersdata workers who primarily process and who primarily process and

disseminate informationdisseminate information

INFORMATION AND KNOWLEDGE WORK SYSTEMS

Information Work

Page 7: SESSION 10 MANAGING KNOWLEDGE FOR  THE DIGITAL FIRM

Office systems: Office systems: any application of IT that any application of IT that intends to increase productivity of information intends to increase productivity of information workers in the office.workers in the office.

• Manage documentsManage documents

• Support scheduling for individuals and groupsSupport scheduling for individuals and groups

• Support communicatingSupport communicating

• Manage dataManage data

• Example: Word processing, voice mail, and Example: Word processing, voice mail, and imagingimaging

Distributing Knowledge: Office and Document Management Systems

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Document imaging systemsDocument imaging systems

A way to reduce problems stemming from A way to reduce problems stemming from paper work flowpaper work flow

Convert documents and images into Convert documents and images into digital form digital form

Can be stored and accessed by the Can be stored and accessed by the computercomputer

Distributing Knowledge: Office and Document Management Systems

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Components of an Imaging System

Figure 11-3

Distributing Knowledge: Office and Document Management Systems

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Knowledge Work Systems (KWS)Knowledge Work Systems (KWS)

Information systems that aid knowledge Information systems that aid knowledge workers in creation and integration of new workers in creation and integration of new knowledge knowledge

Knowledge work is segmented into highly Knowledge work is segmented into highly specialized fields and each field has a specialized fields and each field has a different collection of KWS.different collection of KWS.

Creating Knowledge: Knowledge Work Systems

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Requirements of Knowledge Work Systems

Figure 11-6

Creating Knowledge: Knowledge Work Systems

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Computer-aided design (CAD)Computer-aided design (CAD)

Virtual reality systemsVirtual reality systems

Investment workstationsInvestment workstations

Examples of Knowledge Work Systems

Creating Knowledge: Knowledge Work Systems

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Groupware:Groupware: a tool that provides functions a tool that provides functions and services that support the and services that support the collaborative activities of work groupscollaborative activities of work groups

Intranets and Enterprise Knowledge Intranets and Enterprise Knowledge EnvironmentsEnvironments

Enterprise information portalsEnterprise information portals

Sharing Knowledge: Group Collaboration Systems and

Enterprise Knowledge Environments

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An Enterprise Information Portal

Figure 11-7

Sharing Knowledge: Group Collaboration Systems and

Enterprise Knowledge Environments

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IntranetIntranet for applications requiring for applications requiring publication of documents by a small publication of documents by a small number of authors and with relatively number of authors and with relatively static informationstatic information

GroupwareGroupware for applications requiring for applications requiring extensive coordination and managementextensive coordination and management

Sharing Knowledge: Group Collaboration Systems and

Enterprise Knowledge Environments

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Effort to develop computer-based systems Effort to develop computer-based systems that behave as humansthat behave as humans

ARTIFICIAL INTELLIGENCE

What is Artificial Intelligence?

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The Artificial Intelligence Family

Figure 11-8

ARTIFICIAL INTELLIGENCE

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Stores information in active formStores information in active form

Creates mechanism not subjected to human Creates mechanism not subjected to human feelingsfeelings

Eliminates routine and unsatisfying jobs Eliminates routine and unsatisfying jobs

Enhances organization’s knowledge base Enhances organization’s knowledge base by generating solution to specific problems by generating solution to specific problems that are too massive and complex to be that are too massive and complex to be analyzed by human beingsanalyzed by human beings

Why Business is Interested in Artificial Intelligence

ARTIFICIAL INTELLIGENCE

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Expert Systems:Expert Systems: Knowledge intensive computer Knowledge intensive computer program that captures the expertise of human in program that captures the expertise of human in limited domains of knowledgelimited domains of knowledge

How Expert Systems WorkHow Expert Systems Work

Knowledge BaseKnowledge Base

Rule Base Rule Base

Knowledge FramesKnowledge Frames

ARTIFICIAL INTELLIGENCE

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Rules in an AI Program

Figure 11-9

ARTIFICIAL INTELLIGENCE

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Frames to Model Knowledge

Figure 11-10

ARTIFICIAL INTELLIGENCE

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Only certain classes of problems can be solvedOnly certain classes of problems can be solved

Knowledge base of expert systems cannot learn Knowledge base of expert systems cannot learn or change over time. Keeping knowledge base up or change over time. Keeping knowledge base up to date is a problem.to date is a problem.

Can represent only limited forms of knowledge: Can represent only limited forms of knowledge: IF-THEN knowledgeIF-THEN knowledge

They are most effective in automating lower level They are most effective in automating lower level clerical functionsclerical functions

Drawbacks of Expert Systems

ARTIFICIAL INTELLIGENCE

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Case-based Reasoning (CBR)Case-based Reasoning (CBR)

Artificial intelligence technologyArtificial intelligence technology

Represents knowledge as database of Represents knowledge as database of cases and solutionscases and solutions

Organizational Intelligence: Case Based Reasoning

ARTIFICIAL INTELLIGENCE

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How Case-Based Reasoning Works

Figure 11-12

ARTIFICIAL INTELLIGENCE

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Hardware or software emulating processing Hardware or software emulating processing patterns of biological brainpatterns of biological brain

How Neural Networks workHow Neural Networks work

The network is fed a training set of data for which The network is fed a training set of data for which the inputs produce a known set of outputs and the inputs produce a known set of outputs and conclusions. Computer learns the correct solution conclusions. Computer learns the correct solution by exampleby example

Address the problems in pattern classification, Address the problems in pattern classification, prediction and financial analysis, and control and prediction and financial analysis, and control and analysisanalysis

Neural Networks

OTHER INTELLIGENT TECHNIQUES

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A Neural Network

Figure 11-15

OTHER INTELLIGENT TECHNIQUES

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Problem-solving methods Problem-solving methods

Promote evolution of solutions to Promote evolution of solutions to specified problems specified problems

Use a model of living organisms adapting Use a model of living organisms adapting to their environmentto their environment

Genetic Algorithms

OTHER INTELLIGENT TECHNIQUES

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Integration of multiple AI technologies into Integration of multiple AI technologies into a single application a single application

Takes advantage of best features of Takes advantage of best features of technologiestechnologies

Hybrid AI Systems

OTHER INTELLIGENT TECHNIQUES

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Software programs Software programs

Use built-in or learned knowledge base to Use built-in or learned knowledge base to carry out specific, repetitive, and carry out specific, repetitive, and predictable tasks or make decisions on predictable tasks or make decisions on the user’s behalf.the user’s behalf.

Intelligent Agents

OTHER INTELLIGENT TECHNIQUES