“Knowledge management is the process  of transforming information and intellectual assets into enduring value. It connects people with the knowledge that they need to take action, when they need it.”

Several trends will shape the field of knowledge management in the near future. 1) Emerging technology solutions- will become easier and with faster technologies being developed everyday, we will need to keep up. 2) The convergence of knowledge management with e-business. The trend toward portals as the technology tool of choice for knowledge leads to this Keeping data on-line will become the norm. 3) The movement from limited knowledge management projects to move enterprise wide projects. More knowledge=more development. 4) Increasing use of knowledge management to enhance innovation. 5) Increasing use of tacit knowledge (rather than explicit knowledge).

http://www.educause.edu/ir/library/pdf/EQM0044.pdf