Tuesday, January 28, 2020

The Monthly Summary: The Contextual and Philosophical Understanding of Information Management Jan. 2020

 Managing information and the information position of an organization is what ought to be called Information Management. 

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 Philosophical Understanding of Information Management  

The Philosophical and Conceptual Understanding of Information vs. Knowledge The digital era upon us is about the exponential growth of information, abundant knowledge, and the rapid pace of changes. While information is an ingredient of knowledge; in order to interpret information, you need knowledge. Both information and knowledge are not equal to insight, but they are the foundation to capture insight and allow people to make the right decisions at the right time.

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.

The Intrinsic, Extrinsic and Epistemic Aspects of Information and Knowledge Management Information nowadays is the invaluable resource and asset of organizations, and information assets need to be managed successfully. Back to fundamentals, CIOs are Chief Information Officers, and one of the most important responsibilities for IT is to ensure the right people getting the right information, extract sufficient knowledge and unique insight to help them make the right decision at the right time and location. But more specifically, what is Information Management theoretically, philosophically, strategically and tactically, and what are the intrinsic, extrinsic and epistemic aspects of information management?

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 that is composed of interacting and interdependent pieces has a specific structure that 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.

Take a Journey of a Thousand Steps for Information Management IT is only increasing in importance and relevance with each passing day. IT shifts from “T” technology-focused to “I” driven - information, intelligence, innovation, and improvement. Information Management is the overall process of aligning the use of information through the management, assurance, and exploitation, guide the business in the right direction and deliver services and solutions. It is a thorny journey with a thousand steps. IT leaders should set principles to ensure information is managed effectively and guide the business in the right direction and deliver value-added services/solutions effortlessly.

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