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READIT-2007 - Indira Gandhi Centre for Atomic Research

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KM will play an essential role, and those organisations that deploy it early on will have<br />

an edge.<br />

The integration of industrial safety objectives with KM tools could give rise to<br />

Industrial Safety knowledge management systems that use knowledge to improve safety<br />

per<strong>for</strong>mance by lowering the in<strong>for</strong>mation barrier that prevents organizations from<br />

realizing highest safety standards.<br />

2. KNOWLEDGE MANAGEMENT IN INDUSTRIES: NEED<br />

The objectives of knowledge management in an organization are to promote<br />

knowledge growth, knowledge communication and knowledge preservation in the<br />

organization (Steels, 1993). It entails managing knowledge resources in order to facilitate<br />

access and reuse of knowledge (O'Leary, 1998a).<br />

Knowledge Management is highly essential in industries because<br />

• Too much in<strong>for</strong>mation impedes decision-making.<br />

• For managers, relevant in<strong>for</strong>mation is more important than "in<strong>for</strong>mation<br />

anywhere".<br />

• Knowledge based working environment is as important as IT <strong>for</strong> effective<br />

knowledge management.<br />

• Effective knowledge management pays.<br />

• Knowledge management is a vital tool <strong>for</strong> competitive advantage.<br />

Knowledge Management delivers benefits like:<br />

• Increased productivity by managing in<strong>for</strong>mation assets better<br />

• Improved access to in<strong>for</strong>mation<br />

• Make organisation more knowledge oriented<br />

Knowledge Management in an industry allows its employees to learn about new<br />

technologies, have discussions, get technical queries answered and even draft project<br />

proposals. This may result in a reduction in training time and a boost in productivity due<br />

to better sharing of knowledge among its employees.<br />

Knowledge Management addresses the issues effectively like:<br />

• Ignorance of what knowledge exists, or of where to find it; and<br />

• Keeping a regularly updated record of who knows<br />

3. KNOWLEDGE MANAGEMENT: ROLE OF LIBRARY<br />

In knowledge based economy, libraries functioning in industrial establishments<br />

always referred to as Knowledge <strong>Centre</strong>s. The prime objective of libraries is to serve the<br />

users with ample in<strong>for</strong>mation using tools, techniques and methods of Knowledge<br />

Management. Libraries play a major role in the production, diffusion and utility of<br />

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