Good knowledge management has an extensive positive impact on your company. Cost reduction, improved decision making, faster training of employees and much more. We present 4 reasons why knowledge management is worthwhile for you and your business:

Save money: Reduce costs with knowledge management

Costs can be saved through optimal knowledge management. An information platform like Databrain Sherlock helps you break down data silos and make information in the company more easily accessible. Better information exchange creates the opportunity to work time-efficiently and optimize processes in the company. The result is efficient and productive work. An example that illustrates this new efficiency is the use case VOITH. VOITH is an international machine manufacturer in the paper industry. Before the introduction of Sherlock, VOITH needed several months to create a quotation. Thanks to the smart linking and output of the required items, the complex quotation process could be reduced from 6 months to a few weeks thanks to Sherlock. In addition, VOITH can now rely on a digital twin for flexible configuration. As a result, it is now possible to offer virtual tours of the machine landscape for customers.  This is accompanied by the possibility of live configuration. This means that fewer prototypes have to be built and the costs, times and personnel involved in preparing quotations can be sustainably reduced. More about the success story VOITH meets Sherlock can be found here: “Success Story – VOITH”

Benefit from improved decision making

Secure advantages in the business world with good knowledge management. With good knowledge management software and an environment geared towards it, you manage to sharpen your judgment and speed up decision-making processes. You benefit from the full scope of your company’s collected data, allowing you to make strategically important decisions in real time. This offers a particular advantage in sustainable supply chain management. Here, Databrain Sherlock provides the perfect foundation for keeping an eye on the entire value chain. An exciting blog article including a free whitepaper on the topic of sustainable supply chain management can be found here: “Sustainable supply chain management“

Knowledge management benefits: Avoid duplicate work & unnecessary expenses

Breaking down and connecting data silos simplifies the management of your enterprise information. With the newly gained transparency it is visible what teams in your company are working on. Duplication of work or costs incurred due to poor communication are avoided through the exchange of information. A prime example of this can be found in the automotive industry in tool management: tools worth billions of euros have to be transparently managed at the various locations of thousands of suppliers worldwide. If 10% of the tools cannot be found during an inventory, this can endanger the annual profit, as they would have to be written off. orca was developed on the basis of Databrain Sherlock. The platform helps consolidate hundreds of thousands of tools with data from purchasing, asset accounting, tool management, contractors and supply chain stakeholders. If you want to learn more about orca, go this way: “Orca – Digital and smart tool management“.

Knowledge management prevents the hoarding of knowledge

Knowledge sharing is a key element for the continuity of a company. Here, it is important to avoid knowledge being hoarded and kept under lock and key among individual employees or in departments. Often this happens in error. Information is stored locally or individual software is used, which makes it almost impossible for other departments to gain insight into others work processes. A worst-case scenario. Based on the accumulated know-how, one makes oneself, intentionally or unintentionally, indispensable. An absence due to illness or vacation can have disproportionately expensive consequences for a company. In fact, a department or an employee who is able to transparently share the knowledge he or she has acquired is extremely valuable. Teamwork, transparent communication and good knowledge sharing is the key to success. Databrain Sherlock makes it possible to network man-made knowledge repositories so that the entire organization can benefit from them. The advantage is that once knowledge is stored in a data silo, it cannot be lost. This means that employees have continuous access to the information that is important to them.

Knowledge management – boost growth and innovation

In this day and age, it is becoming increasingly difficult for a company to increase its revenues. Competition is constantly increasing and the competition never sleeps. Knowledge exchange and knowledge management is elementary to gain a resulting advantage. One use case is allsafe. allsafe are experts in the field of load securing. Sherlock enables them to access all their data across all source systems. And they do so via a single unified interface. This makes it possible to implement digital business models without major development effort, which in turn promotes innovation and ensures a competitive advantage. Read more about the use case here: “allsafe – Digital business models in days instead of months”

Sherlock Databrain is an important tool for CIOs at this point. It helps you in the areas of data governance and data quality to improve targeted projects and ensure data quality by providing a unified view of data and data structures.