Knowledge Management and Library and Information Science Professionals

Knowledge is the totality of ideas, conserved through human civilization and knowledge management (KM) is a process, which converts the internal and external information of the organization into actionable knowledge. KM has emerged as a key concern of organizations. Better management of knowledge within the organization leads to improved innovation and competitive advantage.
Developing an effective KM system requires a well-balanced approach. Technology is a required foundation for managing knowledge-assets and bringing people together in dispersed organizations. The true drivers of KM are people, policies, organizational culture, appropriate strategies and leadership. This paper discusses how KM should be applied in libraries and the role of library & information professionals in KM process.