Knowledge Management and Transfer Evolution: Best Practices and Caterpillar’s Trailblazing Approach

Resource Type
Report
Publish Date
04/25/2024
Author
Innovation Research Interchange
Topics
Knowledge Transfer, Artificial Intellegence, Create a future-ready workforce
Associated Event
Publication

This report outlines best practices for knowledge management and transfer in innovation and R&D, crucial for companies facing challenges with retaining valuable knowledge amid increasing turnover and retirements. The practices, sourced from the IRI Research Technology Management Journal, emphasize capturing and transferring knowledge effectively across industries, highlighting the importance of sharing experiences, data, and resources. Caterpillar Inc.’s approach serves as a best-in-class example, showcasing specialized teams dedicated to ensuring accessible data and viewing knowledge as actionable information, setting a standard for prioritizing these processes within organizations seeking to enhance their capabilities.

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