Organizations have benefited immensely since the evolution of Knowledge Management (KM). While KM found its place among the business activities, it has been greatly acknowledged that it has created significant opportunities for innovation. Several articles are found in literature that discusses the role of KM in innovation. Most of the articles discuss how Information and Computer Technology (ICT) has been the driver of such contributions through KM. However, there are very few articles that present the innovation trends within the KM domain. The role of ICT is not limited to organizational innovation and has demonstrated its impact on innovation within KM. This article is an effort to present emerging trends focusing on organizational innovation through KM. Some of the prominent ones which will be dealt in detail are the utilization of social networks, incorporation of RFID solutions and the adaptation of cloud computing in KM.