Project 1 – Question 2 - Part b
How can an organisation facilitate the good performance of an information system by introducing elements of a knowledge management system? What is the difference between an information system and a knowledge management system, and how can the two operate in support of each other? Upload your answer for assessment.

Introduction
Some people say that money makes the work go around. Others believe that knowledge and power are the real reason that the world works the way it does. This simple turn of phrase symbolises the considerable power that knowledge and information have. They are both significant from a world stage to a business and personal level. With so much information and knowledge in the business world, organisations need to harness and store this information and knowledge, hence the need for IM & KM systems.
IM
An information management system can be the technological solution developed to capture and store pieces of information. It is a system composed of people and computers that process or interprets information. Information management systems are also computer software databases used for cataloguing and storing information.
Information management systems will aim to:
- Catalogue information into searchable directories, taxonomies or ontologies
- Map where in the organisation certain types of experience is located
- Have a system for connecting people who know, with people who need to know
- Have a system for enabling information to be extracted and shared

There are 6 components that must come together in order to produce an information system: 1. Hardware – the computer itself, storage and communication devices 2. Software – the computer program 3. Data – the facts used by the program to produce useful information 4. Procedures – the set of rules or guidelines that govern the operation of