The Components of Big Data and Knowledge Management Will Change Radically How People Collaborate and Develop Complex Research

Abstract

Emerging as a rapidly growing field, big data is already known for promising success and having considerable synergies with knowledge management. The common goal of this collaboration is to improve and facilitate decision making, fueling the competition, fostering innovation, and achieving economic success through acquisition of knowledge to various applications. Knowledge in the entire world or inside any organization has already expanded itself in various directions and is exponentially increasing with time. To withstand the current competitive environment, an intensive collaboration of knowledge management with different approaches and algorithms of big data is required. Classical structuring is becoming obsolete with the increasing amount of knowledge components.