What is knowledge management?
Knowledge management (KM) is something that many financial organizations talk about doing, but that few actually do well. This gap between ambition and execution in KM is unfortunate: effective KM can drive significant outperformance - by improving opportunity identification, risk management, operating efficiency, and various other critical functions.
What needs to change?
A key reason that KM efforts are not more successful is lack of coherent 'language' for KM. That is, different bodies of knowledge in an organization often remain unconnected, not only because they reside in seperate parts of the organization, but also because their shared concepts are never explicitly linked. A well-designed ontology can solve this problem. Ontologies are networks of key terms, ideas, and relationships within a domain. Thus, a financial ontology could serve as the underlying language for more effective KM.
Benefit from a collaborative ontology
The Ontology Project is a collaborative effort among members of the financial community to build such a language for KM. Much like Wikipedia, The Ontology Project aims to be a participatory endeavor - wherein each member contributes some of its own expertise and understanding in exchange for access to other's perspectives. In this way, The Ontology Project aims to create a common framework for investors to navigate not only their own organizational knowledge, but also to explore their partner's knowledge. This framework allows adopters to better assess and utilise available knowledge resources to drive strategies and competitive advantages.
Join the ontology project
We invite all asset managers and asset owners to participate in The Ontology Project. Involvement requires no monetary commitment, and entails as much or little time as your organization wishes to commit. Being a partner in the Project grants the opportunity to more deeply understand how your and other organizations are approaching knowledge management, and to stay at the forefront of thinking on this rapidly evolving area.