Saturday, October 5, 2019

The Transcendence of Information Management

Information Management has an expansive impact on the business, economy, politics, culture, and human behavior.

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.

The transcendence of information management into strategy management: Information is permeating everywhere in the business. The effective and productive Information Management activities and scenarios should understand and manage complexity, know how to prioritize based on the business needs, communicate extensively, focus on information refinement and adoption to achieve its business value. High-intelligent organizations across the vertical sectors proactively invest in strategic information management solutions, abstract insight for making informed management decisions, transcend information management into solid strategy management, so they are able to ride change curves faster than competitors and move forward with accelerated speed. In these organizations, information strategy is the key ingredient of business strategy which enables executives to make information-based decisions and build up an analytics-driven culture. Information Management is a linchpin to weave all crucial business elements to a set of differentiated enterprise capabilities for improving the success rate of strategy management and the overall organizational maturity.

The transcendence of information management into innovation management: Information brings about business ideas; business ideas generate lots of information. Information is one of the most time-sensitive pieces to the digital innovation puzzle. The potential value of information depends on how the information will be used again in the future for either running a business or managing innovation in a structural way. Innovations happen at the intersection of people and Information Technology. Information Management makes information useful to provide innovative ideas. The art and science of information management are to optimize its usage, refine information into customer insight and business foresight, bring to the table innovative solutions that meet customers’ needs and fit the growth perspective of the business. The effectiveness of Information Management improves decision effectiveness, optimizes resource management and risk management, takes a structural approach to manage innovation and provides sustained competitive advantage.

The transcendence of information management into human capital management: Human Capital includes all the talent, competencies, and experiences of your employees and managers. The term “Human Capital” makes sense to convey the vision of running a people-centric digital organization which needs to keep growing and unleashing the collective human potential, even the term seems to be a bit "cold.' In fact, Human Capital is always the largest intangible asset of a company which has to keep investing, nurturing, and growing to ensure the long term prosperity of the business. Human Capital is about potential, if unleashed, can transcend the organization or our society to reach the next level of maturity. Information based talent management is always important to help identify talent gaps in the system and ensure the right people with the right capabilities getting the right information being put in the right position to solve right problems timely. Data-rich, information-sharing culture creates business harmony.

Information Management has an expansive impact on the business, economy, politics, culture, and human behavior. Information Management is a living open system more than the sum of its parts. It’s an overarching management umbrella covering various management disciplines. The transcendence of information management makes a significant impact on digital transformation in multidimensional ways.


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