Friday, October 23, 2020

The Monthly Insight of Information Management: Information & Intelligence Oct. 2020

Digital is the age of creativity and innovation, and creativity is all about connecting the dots.

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.

           Information & Intelligence

Holistic Information Management Digital is the era of information abundance, information provides 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.

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. Here is the philosophical and conceptual understanding of information vs. knowledge.

Digital Master Chapter VII Introduction: Digital Intelligence Digital shift is a mind shift, which also comes with information shift, a shift that organizations will take advantage of information to gain knowledge and insight, a shift to drive culture and transformation toward a more intelligent enterprise, a shift from playing smart tools to being an intelligent business, it’s about building such cohesive, agile and intellectual capabilities to adapt to the continuous change and unpredictable disruptions.

Information Technology Architecture as a Practical Tool to Improve IT Management Maturity Information is the lifeblood of the enterprise, but if not properly managed, it becomes an underutilized asset or even the business liability. Information and its management cycle are complex. Organizations, especially large enterprises should develop a practical information technology architecture as a framework to concentrate on the business information requirements that support the company’s growth, achieve the value of corporate information as a resource and define how it should be used strategically to best business advantage.

Build a Cognitive Digital Business to Unleash its Potential The effects of an increasingly digitized world are now reaching into every aspect of organizations. Today’s businesses are dynamic and complex, they have to keep improving their cognitive ability to solve tough problems and implement great ideas successfully. Either at the individual or organizational level, cognition involves exploring a variety of meanings, absorbing and digesting information from varying sources, it’s a sort of perception and insight. Digital organizations are information oriented and people-centric, it’s important to improve their collective cognitive maturity to accelerate business performance and unleash its full potential.

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