The Different Types of Knowledge and The Role of ICT in The Everyday Life of The Company (Essay Sample)

Knowledge Management
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Introduction
Data refers to raw pieces and bits of statistics and facts without context; information refers to data that has been given context or refined data. In contrast, knowledge refers to information that has been analysed and aggregated and applied in decision-making. Knowledge management involves two types of knowledge: explicit, implicit, and tacit knowledge, and companies will always need a system to manage them. Knowledge management refers to a process of physically creating, storing, and maintaining all or nay applicable knowledge owned by various members in a company (Mardani et al., 2018).
Question One
Discuss the different types of knowledge and the role of ICT in the everyday life of the company. Critically discuss how a manager can effectively transform data and information into effective knowledge with the use of new technologies. For a complete answer, you should explain the differences between data, information and knowledge creation processes.
Types of Knowledge
Explicit knowledge refers to knowledge gained via incidental activities or without awareness that learning is taking place. It is the most basic form of knowledge that is readily accessible and easy to pass along because it is readily accessible (Webb, 2017). When one collects data, organize, process, structure, and interpret it, the result is always explicit knowledge. Explicit knowledge is often easy to articulate, communicate, record and store. Explicit knowledge in an organization includes datasheets, research reports, and white papers.