By Julian Goldsmith, 29 November 1999 13:29
NEWS According to a report out from research house, Ovum, a rapid increase in knowledge management implementations will drive the demand for corporate intranets. The report predicts that the worldwide market for knowledge management technology will reach $12bn by 2004. It suggests that organisations across all sectors are looking at knowledge management for bottom line improvements and that in a knowledge based economy, intellectual capital is a company's prime asset and needs dedicated systems to manage it. The report claims that the most highly favoured way of doing this will be through a corporate intranet, which it says bypasses existing barriers to communication and forces organisations to think through their information strategy. The report's authors claim that organisations can develop collaborative applications such as product development and customer resource management using a corporate intranet.
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