“The objective of [knowledge management systems] is to support creation, transfer, and application of knowledge in organizations.” (Source: reading 1) In order to appreciate the variety of ways in which Web 2.0 technologies are supporting organizational communications and effectiveness, here are just a few examples, covering public and private organizations:
Blogs to build relationships:
The Sun Microsystems CEO, Jonathan Schwartz, publishes a popular blog in which he discusses his company’s strategies, products, opportunities, and challenges. Customers and employees can then engage in an open dialogue with the organization.
Crowd-sourcing to build knowledge base:
Microsoft launched a project – the MS wiki – to create free, complete, up-to-date and reliable documentation about Microsoft products.
Real-time information channelling to increase efficiency:
Wells Fargo uses an enterprise RSS solution to monitor customer data and warehouse schemas, routing inconsistencies and problems to appropriate business analysts in real-time.
Data mash-ups/ consolidation to increase effectiveness.
Government of BC's Family Search Program provides a search facility for parental support enforcement, bringing together 15+ sources of information to assist enforcement officers. As a result, reliability and collection of parental support payments increases and the need for government to provide support payments instead decreases.
It's no wonder then that many organizations are eager to harness their intellectual capital and build virtual communities of practice (Source: reading 2, p. 456, and reading 3, chapter 2). Admittedly, organizations have struggled to identify the true ROI of knowledge management, and one source suggests using the real-options approach. (Source: reading 3, chapter 4) However, many examples suggest that the benefit of effective knowledge management is not just a warm, fuzzy thing. According to one report (p. 11): "IBM's intranet has transformed from a corporate information portal to a platform used by most employees to work and collaborate across the company [... leading to] Productivity savings of an estimated $80.6 million." Not recognizing the value of employees' knowledge can be fatal for a company, as ING Baring learned. (Source: reading 3, p. 20)
One may therefore argue that by using Web 2.0 technologies, in these and many other ways, organizations can perhaps bring forth and productively use both the tacit and explicit knowledge (to which both reading 1 and reading 2 refer) of its members and partners. "[I]t is precisely in applying technology to increase 'weak ties' (i.e., informal and casual contacts among individuals) in organizations [...], and thereby increase the breadth of knowledge sharing, that IT holds promise." (Reference: reading 1 p. 112)