Running IT as information synchronizer enables business management making effective decisions and improving the organizational fluidity and maturity.
With the exponential growth of information and continuous disruptions, Information Management becomes making and breaking point of digital transformation. Information is the lifeblood of the enterprise, the abundance of information brings both significant opportunities for business growth and unprecedented risks which could fail the business even overnight. Information and its life cycle is complex. IT organization has to shift from technology oriented to I-information driven, to become an information synchronizer for optimizing the value of information while minimizing risks.
Information Synchronization: Real-time information is important for responding to changes. Information synchronization is the process of establishing consistency among data from a source to the target data storage and vice versa, as well as the continuous harmonization of information over time. Often, inconsistent or broken business processes result in significant information inconsistencies. Therefore, streamlining and standardizing information management processes is an essential prerequisite to providing effective information integration solutions and achieving information synchronization. Ensuring data quality and establishing strong information governance are critical steps in information synchronization. Data Quality doesn't mean you pursue the perfect data, but the good enough data being transformed into useful information. At the strategic level, the goal of strong information governance is about how to strike the right balance of the long-term focus with some quick wins.
Real-time information delivery: IT is responsible to manage one of the invaluable business assets - information. Information is one of the most invaluable assets besides people in modern businesses. IT is like the digital brain of the organization, retrieving and processing information, analyzing, synthesizing, memorizing and most importantly, providing the business insight about the business opportunities and possibilities. The power of information is to empower the business with real-time insight across the organization in ways never possible before. Therefore, just-in-time information management is crucial for running a real-time digital organization. In the digital era with “VUCA” characteristics, timing is always important to leverage the right information for making effective decisions by the right people. An insightful IT can provide real-time information delivery and ensure information fluidity and business holism. The real-time information can bring business insight and foresight, enable organizations to see the future clearly; enhance businesses competency, re-imagine growth, delight customers, and keep doing things innovatively, to further elevate the digital business maturity.
The power of information helps the business become highly innovative by connecting the wider dots and experimenting with a new way to do things. Running IT as information synchronizer enables business management making effective decisions and improving the organizational fluidity and maturity. Digital synchronization occurs on multiple levels of the organization, it presupposes the ability of each 'link' to articulate their 'strategic intent,’ and presents the recognizable digital rhythm to keep the business not only spinning around but also moving forward with the right pace and drive digital transformation steadfastly.
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