Luckily, Ray is acting like a good consultant and has moved on from data collection to analysis and is producing some useful results. The approach that I really like is to use tag clouds and this is one that he has produced.

The reason that I like this tag cloud as a definition of KM is that it puts K in the middle of KM surrounded by all the words that you would expect to see but without a sentence to add false and distracting structure.
From this you can see the things that are being managed (e.g. knowledge, information, data, documents, etc.), how they are managed (process, sharing, organization, people, etc.) and the benefits of doing this (effective, improve, innovation, etc.).
This is excellent work by Ray and is rightly causing quite a buzz in KM circles.
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