In this paper it is explained what Knowledge Management (KM) is and why it will play an important role in the future. This implies that KM is indeed more than just the sophisticated use of information systems or distributed databases for complex tasks. With the introduction of the Maurer-Tochtermann model for KM and the description of the basic elements of new techniques, it can be demonstrated quite readily that KM is indeed something fundamentally new. At the end of this paper a system developed in Europe called Hyperwave will be mentioned briefly as perhaps being the leading example of this new type of software, i.e. software for KM systems.
Hermann A. Maurer