Sunday, December 29, 2019

The Monthly Insight of Information Management: The Characteristics of Information System Dec. 2019

With the fast pace of changes, the information management challenges will only intensify.

The aim of modern Information Management has often been described as getting the right information to the right person, in the right format and medium, at the right time, in order to make the right decisions. The value of information is qualitative, measurable, and defined uniquely by an organization.

    


The Characteristics of Information System 



Information System vs. Digital Ecosystem Information is permeating into every corner of the business and becomes the lifeblood of digital organization.Digital technology is lightweight but more powerful. Information Technology System is the "nerve system "of the digital business which is like the switch connected to the dynamic ecosystem continually evolving and expanding in the modern world.

Holistic Information Management Digital is the era of information abundance, information provide significant opportunities for business growth, also brings unprecedented risks when mismanaged and cause the business failures all the time. With the fast pace of changes, the information management challenges will only intensify. Managing information and the information position of an organization is what ought to be called Information Management. Information doesn’t stand still, but permeating into every corner of the business. Thus, Information management life cycle is complex, it’s important to take a holistic approach for processing and refining information to improve the organizational decision effectiveness and achieve its business value.

Three Characteristics of Information Management System A system is a group of interacting, interrelated, or interdependent elements forming a complex whole. A system has a purpose to perform a set of functions to achieve well-defined goals. A system which is composed of interacting and interdependent pieces has a specific structure which is defined by its components and processes - the interrelationship between components. Managing information and the information position of an organization is what ought to be called Information Management. Information Management is a system with interdependent processes, technologies, and a set of interdisciplinary practices for moving the business to a dynamic, iterative, integral and interactive digital flow.

The Transcendence of Information Management Besides people, information is the most invaluable asset in businesses today. Not only is information interesting economic goods, but the value is also difficult to determine, it could be utilitarian, intrinsic, extrinsic, hedonistic, social, practical epistemic, etc. Managing information and the information position of an organization is what ought to be called Information Management. The tricky bit with information is that, depending on the level of granularity and aggregation, you can use it for multiple purposes. The transcendence of Information Management into various business management accelerates business performance and unlocks business potential.

Three Perspectives of Information Management? Information is growing exponentially, and become one of the most invaluable business assets of the business. However, in many companies, the organizational modern data environment is fraught with inconsistency, redundancy, and multiple data and knowledge platforms, it causes confusion and decelerates business speed. Digital IT organizations should take an integral and holistic approach to manage the information cycle, and ensure that reliable information has been provided to the right people for making the right decisions at the right time. Here are three perspectives of information management.

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