Knowledge Management for the Enterprise Report 2022-2023

The KM Market has Come Alive in 2018, Driven by Growing Interest in Artificial Intelligence

The publisher's second publication on this sector presents an in-depth analysis of the knowledge management (KM) market and the solutions that are vital in supporting the needs of today’s digitally transformed and artificial intelligence (AI)-enabled enterprises.

Knowledge Everywhere for Everyone

Knowledge management solutions help companies institutionalize their knowledge and create a “single source of truth” so that the right information is available to all of their employees and customers. These applications equip employees who work in the contact center or other enterprise functions, as well as self-service solutions, to deliver a frictionless customer experience (CX), throughout the customer journey. The new generation of KM solutions is making information available via enterprise, faceted, or federated search, self-service portals, websites, and user communities. Information can also be pushed automatically to agent desktops or customer relationship management (CRM) applications based on context and intents identified in voice and digital interactions. Knowledge management solutions are also increasingly being used to support enterprise-wide AI initiatives that need a large repository of relevant, tagged, and targeted data to be effective.

Getting the right information (answers, FAQs, best practices, calculations, guides, decision trees, etc.) properly formatted and loaded, and keeping it current, has been a time-consuming manual process for decades. But this is changing due to greatly enhanced AI-enabled KM solutions that apply machine learning (ML) to self-identify knowledge gaps, redundant answers, outdated or poor-performing content, and recommend fixes to solve these issues. Employees are still needed to make final decisions about the content, but ML has already reduced the effort by as much as 50%, and more innovation is on the way.

Timely, Comprehensive and Insightful Analysis

The Knowledge Management for the Enterprise report examines the competitive landscape, technology, products, functional capabilities, and the business, servicing, and market trends that are driving rapid adoption and game-changing innovation of KM applications. The report features 5 highly effective KM solutions that address customer and agent/employee-facing functions and other enterprise-wide uses. The vendors covered are: KMS Lighthouse, NICE, Serviceware, Shelf, and Verint Systems. This Report is intended to help companies identify and select the right KM solution to meet their current and future needs.

Report includes

Definition of KM and the distinctions between search, content management, and KM
Market trends and challenges that are driving interest, adoption, and product development in this sector
Knowledge management vendor innovation and near-term roadmaps, including new product features and what is planned to be delivered in the next 12 - 18 months
Insightful discussion of how digital transformation and changes in the post-pandemic workplace are reviving interest in KM
Exploration of how KM solutions are serving up context-based information to deliver an enhanced self-service experience while improving containment rates
How contact centers are leveraging KM as a retention tool by delivering a better way to coach and support agents, improve their performance, and promote higher levels of job satisfaction
A look at how KM is helping enterprises capture and preserve the institutional knowledge of their tenured and retiring workforce
Examination of the asset management workflow in the 5 featured KM solutions, including data acquisition, authoring, review, revision and approval process, publication/distribution, and search capabilities
Review of the KM competitive landscape, including the technology sectors that are developing KM solutions as well as an overview of the 5 featured KM vendors, their product offerings, and packaged solutions
Side-by-side comparative analysis of the technical and functional capabilities of the 5 featured KM solutions
Knowledge management implementation analysis, including vendor methodology, time frames, best practices, professional services, training/workshops, and resources required to implement and maintain the solution
Knowledge management uses, benefits, and return on investment (ROI) analysis
Results of the publisher's comprehensive customer satisfaction survey, which ranks vendors based on customer satisfaction across 10 vendor categories, 9 KM product capabilities, 5 customer-facing capabilities, and 5 agent/employee-facing capabilities
Knowledge management vendor pricing
Detailed company reports for the 5 KM vendors, analyzing product functionality and near-term product roadmap deliverables
Glossary of Terms
Knowledge Management Vendor Director

Please Note: A customer license letter agreement needs to be signed prior to delivery of this product. This letter will be sent to you via email after your order is placed.

1. Executive Summary2. Introduction

3. Research Methodology

3.1 Report Participation Criteria

4. What is Knowledge Management?

4.1 Vendor Definitions
4.2 The Distinctions between Search, Content Management and Knowledge Management

5. Knowledge Management Trends and Challenges

5.1 Knowledge Management Trends
5.2 Knowledge Management Challenges

6. Knowledge Management Market Innovation

6.1 New Product Features
6.2 Emerging Capabilities

7. Knowledge Management Rides the AI Wave

8. The Time is Right for KM, Now More than Ever

8.1 Omni-Channel Capabilities

9. Help Yourself by Helping Your Customers Self-Serve10. Knowledge Management Improves Agent Retention in More Ways than One11. Preserving Institutional Knowledge

12. KM Asset Management

12.1 Structuring and Configuring Content
12.2 Data Acquisition/Authoring
12.3 Review, Revision and Approval
12.4 Publication, Distribution and Management
12.5 Search

13. Knowledge Management Market Activity Analysis

14. Knowledge Management Competitive Landscape

14.1 Knowledge Management Company Snapshot
14.2 Knowledge Management Vendor Offerings and Products
14.2.1 Packaged/Verticalized Applications

15. Knowledge Management Technical and Functional Analysis

15.1 High-Level Technical Summary
15.1.1 Integration
15.1.2 Security and Compliance
15.2 High-Level Functional Summary
15.2.1 Dashboards, Reporting and KPIs

16. Knowledge Management Implementation Analysis

16.1 Knowledge Management Best Practices

17. Knowledge Management Uses, Benefits, and Return on Investment

18. Knowledge Management Pricing

18.1 Premise-Based Pricing
18.2 Cloud-Based Pricing

19. Knowledge Management Vendor Satisfaction Analysis

19.1 Summary of Survey Findings and Analysis: Vendor Categories
19.1.1 Vendor Satisfaction by Category and Customer
19.2 Summary of Survey Findings and Analysis: Knowledge Management Product Capabilities
19.2.1 Knowledge Management Product Capabilities Satisfaction, by Category and Customer
19.3 Summary of Survey Findings and Analysis: Knowledge Management Customer-Facing Capabilities
19.3.1 Knowledge Management Customer-Facing Capabilities Satisfaction, by Category and Customer
19.4 Summary of Survey Findings and Analysis: Knowledge Management Agent/Employee-Facing Capabilities
19.4.1 Knowledge Management Agent/Employee-Facing Capabilities Satisfaction, by Category and Customer
19.5 Customer Background and Insights
19.5.1 Business Units Using Knowledge Management
19.5.2 Top 3 - 5 Knowledge Management Purchasing Drivers
19.5.3 Top 3 - 5 Knowledge Management Challenges
19.5.4 Additional Comments

20. Company Reports

20.1 KMS Lighthouse
20.2 NICE
20.3 Serviceware SE
20.4 Shelf
20.5 Verint Systems

Appendix: Knowledge Management Glossary of TermsAppendix: Knowledge Management Vendor Directory

Table of Figures

Figure 1: Knowledge Management
Figure 2: Vendor Definitions of Knowledge Management
Figure 3: Functional Comparison of KM, Content Management and Search
Figure 4: Knowledge Management Trends
Figure 5: Knowledge Management Challenges
Figure 6: New Product Features, by Vendor
Figure 7: Future Enhancements, by Category
Figure 8: Omni-Channel/Multi-Media Support
Figure 9: Customer-Facing Applications
Figure 10: Agent/Employee Applications
Figure 11: Capturing Tacit Knowledge
Figure 12: Content Structure and Configuration
Figure 13: Data Acquisition/Authoring
Figure 14: Review, Revision and Approval
Figure 15: Publication, Distribution and Management
Figure 16: Search
Figure 17: KM Competitive Landscape
Figure 18: Company Information, as of December 31, 2021
Figure 19: Product Information
Figure 20: Packaged/Verticalized Applications
Figure 21: Technical Components Summary
Figure 22: Integration
Figure 23: Security and Compliance
Figure 24: High-Level Functional Summary
Figure 25: Dashboards, Reporting and KPIs
Figure 26: Implementation Analysis
Figure 27: Implementation Analysis
Figure 28: Knowledge Management Uses, Benefits and Return on Investment
Figure 29: Premise-Based Pricing for a 250-Seat Enterprise or Contact Center Implementation
Figure 30: Cloud-Based Pricing for a 250-Seat Enterprise or Contact Center Implementation
Figure 31: Customer Survey Rating Categories
Figure 32: Average Vendor Satisfaction Ratings, by Category
Figure 33: Product Satisfaction Ratings, by Customer
Figure 34: Implementation Satisfaction Ratings, by Customer
Figure 35: Training Satisfaction Ratings, by Customer
Figure 36: Professional Services Satisfaction Ratings, by Customer
Figure 37: Ongoing Service and Support Satisfaction Ratings, by Customer
Figure 38: Product Innovation Satisfaction Ratings, by Customer
Figure 39: Responsiveness to Product Enhancement Requests Satisfaction Ratings, by Customer
Figure 40: Vendor Communication Satisfaction Ratings, by Customer
Figure 41: Pricing Satisfaction Ratings, by Customer
Figure 42: Overall Vendor Satisfaction Ratings, by Customer
Figure 43: Average KM Product Capabilities Satisfaction Ratings, by Category
Figure 44: Ease of Content Creation Satisfaction Ratings, by Customer
Figure 45: Content Review, Revision and Approval Workflow Satisfaction Ratings, by Customer
Figure 46: Ability to Identify and Notify Users of Outdated and/or Ineffective Content Satisfaction Ratings, by Customer
Figure 47: Ability to Leverage Internal and External Content in a Variety of Formats Satisfaction Ratings, by Customer
Figure 48: Ability to Publish Content for Multiple User Types and Channels Satisfaction Ratings, by Customer
Figure 49: Ability to Create Knowledge Assets from Institutional Knowledge Captured from Subject Matter Experts Satisfaction Ratings, by Customer
Figure 50: Ability to Create Knowledge Assets from Customer and Employee Crowdsourcing Satisfaction Ratings, by Customer
Figure 51: Ability to Auto-Discover Content Gaps Satisfaction Ratings, by Customer
Figure 52: Search Capabilities Satisfaction Ratings, by Customer
Figure 53: Average KM Customer-Facing Capabilities Satisfaction Ratings, by Category
Figure 54: Omni-Channel Support Satisfaction Ratings, by Customer
Figure 55: Ability to Leverage KM in Self-Service Solutions to Improve Containment Rates Satisfaction Ratings, by Customer
Figure 56: Ability to Ensure Consistency of Information Across Channels Satisfaction Ratings, by Customer
Figure 57: Ability to Proactively Provide Real-Time Digital Guidance to Customers Satisfaction Ratings, by Customer
Figure 58: Ability to Improve the Customer Experience Satisfaction Ratings, by Customer
Figure 59: Average KM Agent/Employee-Facing Capabilities Satisfaction Ratings, by Category
Figure 60: Ability to Provide Real-Time Agent/Employee Guidance/Next Best Action Satisfaction Ratings, by Customer
Figure 61: Ability to Improve Agent/Employee Productivity Satisfaction Ratings, by Customer
Figure 62: Ability to Improve Agent/Employee Quality Satisfaction Ratings, by Customer
Figure 63: Ability to Reduce Training/Onboarding Time Satisfaction Ratings, by Customer
Figure 64: Ability to Support Work-at-Home/Remote Staff Satisfaction Ratings, by Customer
Figure 65: Business Units Using Knowledge Management
Figure 66: Top 3 - 5 Knowledge Management Purchasing Drivers
Figure 67: Top 3 - 5 Challenges of your Knowledge Management Solution
Figure 68: Additional Comments about your Experience with the Vendor and/or Product

Companies Mentioned

KMS Lighthouse
NICE
Serviceware SE
Shelf
Verint Systems

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SINGLE USER LICENSE PDF	The product is a PDF.	This is a single user license, allowing one user access to the product.	€4415EUR$4,500USD£3,672GBP
SITE LICENSE PDF	The product is a PDF.	This is a site license, allowing all users within a given geographical location of your organization access to the product.	€8438EUR$8,600USD£7,018GBP
ENTERPRISE LICENSE PDF	The product is a PDF.	This is an enterprise license, allowing all employees within your organization access to the product.	€12657EUR$12,900USD£10,527GBP

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