Application of Knowledge Management in Library and Information Centre

Knowledge management comprises a range of strategies and practices used in an organization to identify create, represent, distribute and enable adoption of insights and experiences knowledge management is basically a business concept aimed at enhancing and improving operations to gain profits and competitive advantage. Knowledge management has been used in many subject fields for years long the term KM is recently discussed in the field of library and information science. This paper aims at establishing the importance of knowledge in the knowledge economy, impact of information technologies on libraries, library's role in knowledge management and improvements in library services and user satisfaction.