Abstract: The paper addresses issues related to the confusion surrounding conceptual understanding of tacit knowledge and its transferability in organization's realm from an original perspective. Lately, at every level: country, industry and organization, attention to knowledge has intensified due to the realization that in "post‑capitalist society" (Drucker, 1993) knowledge is increasingly replacing traditional driving forces of economy: labor, capital and natural resources as the primary factor in economic growth. Knowledge use is now considered as imperative in all aspects of an organization. In literature there exist various typologies of knowledge, however, in organizational science most common classifications of knowledge include two general types: tacit and explicit. This paper brings clarity to the concept of tacit knowledge, nexus between tacit and explicit knowledge and effects of advances in technologies on the codification capability of tacit knowledge. It argues that many types of tacit knowledge that were considered as inexplicable just recently thanks to new technologies have become transferable. Drawing examples from knowledge science literature the author questions the rigid belief of some scholars in ineffability of tacit knowledge. The author also claims that organizations need to reassess their knowledge related strategy, particularly, in relation to tacit knowledge if they would like to develop sustainable competitive advantage from effective knowledge use. Findings: The author shows how new technologies are changing our perception of tacit knowledge and why it is time for organizations to reevaluate their knowledge strategy. Originality/Value: By showing a clear correlation between technological advancement and tacit knowledge transformability the paper contributes to the theoretical understanding of tacit knowledge.