Knowledge management is a technique of organized assembly, alteration, preservation as well as management of knowledge within businesses, alongside systems created to extract the most of that date. It refers specifically to utilities and ways developed to preserve date and knowledge held by individuals who make up the organization. It is at once a software bazaar as well as a part of consultancy practice is related tofields like competitive intelligence. A key focus of knowledge management has to do with knowledge which is not simple to digitally codify, like individual records.

The course of knowledge management also is known by a a couple other terms of it's various developmental stages. One example is 'corporate learning' and that possesses the following basic objectives: acknowledging, collecting and arranging existing information and helping the invention of new information. Knowledge management has endured since civilization began, either in the guise of debates, brainstorming sessions or in more formal methods like apprenticeships and professional training tutoring programs.

However, it's only today that knowledge management is being integrated as a legitimate business practice, and thus it has seen the invoking of particular data and information technology practices, the enactment of intranets within corporate environments and so on. All these things are a part of a bid to found knowledge management systems.

Knowledge management systems comprise of a widely distributed hypermedia way for the categorizing of knowledge, encouragement of creativeness and the seizure, storing and distributing of that expertise and awareness. The word hypermedia is used to name a medium by which audio, video and text intersect to create a lateral style of information keeping and circulation. So to put it another way, the phrase “hypermedia” may be used as an continuation of the phrase 'hypertext'.

For instance, the Internet is an case in point of hypermedia, but the same thing cannot be said a movie on a Digital Video Disc. The World Wide Web is utilized as an area where which global knowledge iskept, used and sent through PC's which are wired to the World Wide Web. The net is an area that may be effectively utilized to install knowledge management systems effectively, just as the office intranet system can in addition be used. On itself, it is not a knowledge management system. Although, it can be utilized to keep and retrieve a knowledge management system.