Banks spend on knowledge management. (IT News).Banking is an information-centered activity and the capability to make information and knowledge available at the right time, in the right place, and without delay, is a key requirement. However, the adoption of knowledge management (KM) among European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. banks is in its infancy infancy, stage of human development lasting from birth to approximately two years of age. The hallmarks of infancy are physical growth, motor development, vocal development, and cognitive and social development. . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. an IDC survey, only 20% of Western European banks are currently using a KM application. IDC expects this situation to change in the near future, and KM will become a priority for the banking sector. Due to an increasingly competitive environment, European banks are ramping up efforts to implement knowledge-based systems According to the Free On-line Dictionary of Computing (FOLDOC), a knowledge-based system is a program for extending and/or querying a knowledge base. The Computer User High-Tech Dictionary defines a knowledge-based system that could "link" or "connect" people to people and people to knowledge. IDC predicts IT spending on knowledge management systems in the European banking sector will amount to $155.4 million this year and will record a 38.5% compound annual growth rate (CAGR CAGR See: Compound Annual Growth Rate ) over the 1999/2004 period. To achieve this European banks will have to overcome cultural and organizational resistances. www.idc.com |
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