Application of Ontologies for Knowledge Management

Knowledge management is the deliberate and systematic coordination of an organizational people, technology, process, and structure in order to add value through reuse and innovation.This coordination is achieved through creating, sharing, and applying knowledge as well as feeding the valuable lessons learned and best practices into corporate memory in order to foster continued organizational learning, typically using advanced technology. Ontologies are increasingly seen as a key technology for enabling semantics-driven knowledge processing. Communities establish ontologies, or shared conceptual models, to provide a framework for sharing a precise meaning of symbols exchanged during communication. Many applications benefit from semantically enriched information, including knowledge management and e-business applications. Ontologies have been proven to be really helpful for knowledge management as they are applications for information retrieval, information systems, and system modeling, and they are better ways to store and retrieve knowledge semantically. In this article, we discuss the advantage of using ontologies in the knowledge management.