Financial Knowledge Management

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Each financial company starts to codify the processes and proprietary knowledge sooner or later. The longer company exists, the bigger the data stockpile becomes. And thus the cost of lost opportunities with knowledge being covered in dust.

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And thus the cost of lost opportunities with knowledge being covered in dust.With the first waves of digitalisation corporations approached the issue in the manner that seemed reasonable back then — file storage, which is obvious while GUI was not invented and the only way to communicate with the machine is command prompt. Further this road knowledge base designers (not that it had been a profession, though anyone who is responsible for knowledge base creation became such a designer by definition) stick to the mental model of keeping documents stored as files, approaching a base in a way one would organize a collection of documents - directory with files.Inertia of this thinking is so strong that until now huge companies with sufficient budgets are sticking to the file storage paradigm.

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