Why every business needs effective knowledge management?

Knowledge management is a system of established processes for collecting and sharing knowledge and skills within a company. Proper knowledge management in companies ensures that all employees have access to the information they need to perform at their best and grow their skills.

It also makes it easier to onboard new hires and transfer projects to other individuals or teams. In addition, good knowledge management helps prevent situations where only one employee knows how to carry out a critical task, which can be detrimental if they take an extended or permanent leave. Read the full article.