Initiatives for digitization and knowledge management increasingly go hand in hand in the evolving global information society. While digitization initiatives refer to joint or collaborative efforts to convert existing library holdings, whether in print, graphic, audio, or a combination of all, into digital format commonly known as “electronic resources,” knowledge management (KM) refers to a range of practises used by organisations to identify, create, represent, and distribute knowledge. In today’s electronic environment, digitization activities have emerged as a pillar of knowledge management. The paper begins by highlighting the challenges that institutions face in transitioning from a physical environment to a digital one. The objectives of the study are then outlined, including providing a clear understanding of digitization, exploring knowledge management strategies, categorising digital tools, analysing digitization processes in KM methods, and examining an example of digitization in a library setting. The future scope of digitization of KM methods in libraries is also discussed, including the potential integration of AI and machine learning technologies, virtual and augmented reality, and more sophisticated analytics and reporting tools. The paper concludes by emphasizing the importance of assessing the current workforce and gradually increasing digitalization with proper support from both employees and management.