Tuesday, September 2, 2008

Power of Knowledge in a new Economy


It may not be possible for the scientists either now or in the near future to build and assemble a computer which will be as perfect as Human Brain; and not even half as perfect as the human brain. Nature has shaped and built the human brain perfectly, its structure, functions are so complex that they have not been able to understand it in detail even today.

The invention of machines in the beginning of the 19th century has led to the mass industrial revolution. This brought several processes of industrial activity under one roof. The factory system was implemented in an effort to organize the industries on modern and scientific grounds. At the beginning, activities were carried out by workers or “people” as called in the modern era who are the creative minds of the organization, the heart and soul of the company and their knowledge is the biggest asset.

The roots of the modern management lie in the machine age of the 19th century. As we have observed that in the last few decades the machine age is being transformed by the information age or the Internet age. In the information/internet age the only irreplaceable capital that any successful organization possesses is the power of knowledge and the ability of its people. The productivity of any organization depends on how effectively / meticulously people share their knowledge with those who can use the same for professional and personal growth.

As the technology has changed its existence from machine age to information age man has learnt the art of accepting newer mechanisms by which he can run a successful business. In any organization information or data is being generated at a very rapid speed, if not at a chaotic rate. Few years back it was fashionable to talk about the difficulty of making good use of raw data. Basically we did not know the ways and means of converting the raw data into information with the help of latest technologies and better management. Information is now available in many forms such as Books, Magazines, news letters, micro formats, data bases, CD-ROMs, internet, intranet and so on. This multiple formats of information complicate’s the process of identifying reliable answers. Thus this has led to the information revolution in the industry. Many companies, and government agencies invested in new system, which promises to provide the cure for poor information management and thus which converts it into knowledge.[Ex. Strong Information Systems, Knowledge Management, Information Resource Centers, knowledge repositories etc..]

Knowledge is undoubtly the biggest driving force for any activity, but the question is who has made up his/her mind is how he/she is going to use this power to make a visible impact. Knowledge is the most powerful tool, which can be used for creating any kind of opportunities, challenges in the information age.


Whether it is an individual against another or by a nation against another, or a company against another.. Knowledge becomes the strongest weapon to face any kind of situation. A company may be rich in many ways and have world class facilities for its people, but it is helpless against a company which has better skilled with great intellect ability people to work for.

There is an explosion of knowledge happening in the world today. This has led to the concentration of too much power in the hands of few. Knowledge is a double edged sword, which has to be managed carefully. If used properly with foresight it may hasten the process of growth and development; if used otherwise it may cause unimaginable disaster.

Any knowledge that is divisive, that does not give one the sense of belongingness, unity with all men and women in an organization, is at risk of being misused. Knowledge which makes one conscious of the fact that we are all one, that our fates are linked with one another, and that we cannot be happy till every single individual among us is happy is needed for all of us to be successful in life. I strongly believe that whatever knowledge we acquire in our life will never go waste, in one or the other way it guides us towards the brighter part of our life.

As Swam Vivekananda once said every soul is potentially divine, I am of the opinion that every individual has a great source of knowledge and everybody has the potential to create miracles in people’s life. But the question is when, where and how he/she ignites that volcano of knowledge which spreads across people, across communities to enlighten large part of society. We need to awaken our senses and ignite our minds to aquire knowledge and conquer the challenges of life. So let us feel proud to be a part of the knowledge economy, where our knowledge is used to the fullest extent to tranform our life and achieve supremacy in life.