Knowledge management is becoming the key strategy to any business and is the new successful management tool. If a company wants to stay ahead of their market they need to take all the data and information available to them and turn this into knowledge that can be used in the various departments and help in building strategies that will create more success. Some large companies have their knowledge management software overseen by a knowledge manager, who has in-depth skills and abilities in collecting and refining data. On a website knowledge management can be controlled by a content management system. This will enable the owner of the website to make sure the site has information displayed that can be classed as knowledge management. Knowledge management will bring together content, ideas and information and enable all of this data to be collated in a way that will be extremely useful for businesses and users of a website. There are many software companies who specialise in the creation of specific knowledge management software solutions. Knowledge management software is one of the tools that boost efficiency as does a project management software package.