This is the third and final article in our knowledge management series, and it’s the one we’ve been building toward: the payoff.
In part one, we looked at how knowledge management depends on content that’s discoverable, enriched, maintainable, and verifiable. In part two, we walked through how to choose the right content management system to support it. Now, the why. Because the truth is, most organizations have more knowledge on hand than they realize.
Quite simply, organizations are sitting on mountains of content and knowledge that they are often not equipped to use.
- For an association, it may be a body of knowledge or competency framework that serve as the backbone for their credentials and members’ expertise.
- For an enterprise, it’s the wisdom, know-how, and IP your teams have accrued over the years.
- And for many organizations, it’s the standards and practices that evolve alongside the fields and industries they serve.
In many cases, much of it is stuck in Word documents, PDFs, and spreadsheets, not at its full potential, and certainly not actionable.
But it’s this knowledge that is the true differentiator from competitors. This is what needs unlocking.
The whole point of knowledge management is converting what you know into fuel for the business. It can’t happen without automation and the right structure in place, but it is attainable and worth the effort.
5 Ways Knowledge Management Creates Value for Your Business
1. Recommend the right thing
- The foundation: With connected, tagged content, you can aggregate everything related to a single subject in a short amount of time. Whether they’re five-minute learnings, modules, articles, or events, as long as they’re tagged to a subject, you can find them quickly. For example, let’s say you want to find everything that relates to talent acquisition. You query on the subject and the system finds all the related objects. All you have to do is decide how to use them.
- The payoff: This is a wonderful start to building a recommendation engine, and it’s built on top of content you already have. Wherever a learner is on their journey, they can always benefit from the relationships you created between pieces of content in your system. When you build relationships between content, you create knowledge assets. And as these assets compound, the knowledge model matures, and the recommendations become smarter.
2. Meet people where they are (so they keep coming back)
- The foundation: With proper metadata management, the right knowledge can be served to the right learners. Building on the idea of a recommendation engine, you can develop different types of tags and other data to help give learners what they need when they need it.
- The payoff: Better matched knowledge is more relevant and meaningful, which engages learners more than one-size-fits-all learning. If you standardize learner roles and statuses and map those to content types and subjects, you can serve those learners the best knowledge for the moment. And that means creating engaged learners who come back for more!
3. Keep content updates efficient
- The foundation: Content maintenance can be tough, but with proper knowledge management you can more efficiently scope your work and reduce effort. Let’s say there’s a shift in talent acquisition policy, and you need to update every piece of content that relates to talent acquisition. Doing a keyword search will get you part of the way there, capturing content that actively discusses the subject. But it won’t catch the piece that discusses hiring pipelines and never literally mentions “talent acquisition.” Rich metadata lets you scope effort and work by what’s actually
- The payoff: Your organization’s credibility and credentials are built on accuracy, so these types of updates are essential to avoiding trust erosion with learners. A well-built knowledge management system with robust relationships can put these fears to rest because you build several rich ways to discover the same content. And because of that, scoped work for content maintenance takes less time and money.
4. One source of knowledge, infinite potential for integration
- The foundation: A good CMS comes with a powerful API, which opens potential for your knowledge to be discovered and used. The same talent acquisition content can be used in many different places: your app, your LMS, your member portal, and more. An API also gives AI a powerful tool to access your content, whether as part of your application or for internal research.
- The payoff: An API opens doors for interoperability with other systems, but it also means having all your content accessible from one place. If your knowledge model is structured properly, it means having the ability to package, license, and sell content at the required granularity that serves your learners and ultimately your business!
5. Reach new markets without starting over
- The foundation: You can use insights about your learners and where they live to create specialized content for different locales. Let’s say California passes a new talent acquisition law with requirements that go beyond federal standards. Instead of rewriting all your talent acquisition material, you could rapidly draft learning content specific to the new California requirements, attach the appropriate metadata, and only show it to HR teams and hiring managers operating in that state. Similarly, if other states follow suit with their own laws, you could quickly adapt and deploy that same content structure for those other state-based audiences.
- The payoff: Adapting to regional regulations in weeks instead of months means staying compliant and getting to new markets ahead of competitors. This is about efficiently expanding reach with the same products with smart filters and relevant, purpose-built content. And the agility with which you can do this comes from all the time you’ve invested in building out these knowledge assets.
What a CMS can’t do for you
Building a capable knowledge management platform is half the battle. While a CMS is essential for storing structured content, it can’t make strategic decisions on how to architect the knowledge, how your business can take action on the knowledge, and the myriad ways learners can and/or should engage with the knowledge.
Holmes Corporation has spent decades doing this for credentialing, professional learning, and assessment. We don’t hand you a tool and walk away. We architect the model, craft the content, develop systems to maintain and support it, and all alongside your team every step of the way.
If you think your organization is sitting on untapped knowledge that’s worth more than you’re getting from it, we’d love to help! Reach out to us at [email protected].
