This paper reviews theories and concepts about how to increase the value of knowledge in an organization. It outlines developments in the area of advanced people and knowledge management networks by Meta4, an international software company that has developed a unique knowledge management platform called KnowNet (or Knowledge Network). The paper describes a knowledge management application of KnowNet and Web technology at Skandia. Skandia's system, known as KenNet, was developed as an IT-based knowledge network to enable organizations to utilize the knowledge and ideas of individuals. The KenNet was designed uniquely to augment the activity of Skandia's concept of "futurizing".