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This article provides a comprehensive overview of the current state of knowledge management in various industries, including construction, software companies, and multinational companies. The study covers various aspects of knowledge management, such as the role of leadership, the impact of technology support, and the interrelationship between big data and knowledge management.The findings of the study indicate that effective knowledge management is crucial for business success, particularly in today's fast-paced and rapidly changing business environment. The study highlights several key factors that contribute to successful knowledge management, including:1. Leadership commitment and support: Strong leadership commitment and support are essential for the successful implementation of knowledge management initiatives.2. Technology support: The use of technology can significantly enhance the effectiveness of knowledge management initiatives by facilitating the sharing and storage of knowledge.3. Big data and analytics: The integration of big data and analytics can provide valuable insights that can inform knowledge management strategies and practices.4. Knowledge sharing and collaboration: Encouraging knowledge sharing and collaboration among employees can foster a culture of innovation and creativity, leading to improved business outcomes.5. Continuous learning and improvement: A commitment to continuous learning and improvement is essential for maintaining a competitive edge in today's rapidly changing business environment.The study also identifies several challenges associated with knowledge management, including:1. Cultural barriers: Changing the culture of an organization can be a significant challenge, particularly if there are strong silos or a lack of trust among employees.2. Technical barriers: Implementing technology support for knowledge management can be complex and may require significant investment in infrastructure and training.3. Information overload: With the increasing amount of information available, it can be challenging to manage and filter relevant information from non-relevant information.4. Lack of resources: Developing and implementing a comprehensive knowledge management program can require significant resources, including time, money, and personnel.5. Measuring success: Developing effective metrics for measuring the success of knowledge management initiatives can be challenging due to the intangible nature of knowledge.Overall, the study highlights the importance of effective knowledge management for business success in today's rapidly changing environment. The findings provide valuable insights for organizations seeking to implement or improve their knowledge management strategies and practices.