Most SMEs store documents in SharePoint and call it done. But without a clear knowledge lifecycle – defined owners, review cycles, and a plan for what happens to knowledge that lives in Teams chats, emails, and people's heads – SharePoint quietly turns into a data graveyard. In this article I look at where SharePoint genuinely delivers, where it structurally can't, and what it takes to close the gap. Including how Microsoft Foundry, Azure AI Search, and MCP servers can surface knowledge from Confluence, Jira, or ServiceNow at runtime – without migrating a single file. The technology is ready. The question