Saturday, December 26, 2020

Information, Innovation & Interrelationship

 Information is a key enabler to help you achieve strategic business objectives; knowledge is the power for generating business value to benefit your organization and our modern society in the long run.

The digital era upon us is about high velocity, data exponentiality, innovation and people centricity. Information view enhances an in-depth understanding of business flow and catalyzes idea generation. So companies across industrial verticals should transform themselves into the digital business that is based on ‎information, their ability to explore intangible assets such as information and knowledge has become far more decisive to build a competitive business advantage. In reality, information is “gold mine,” and knowledge is power, however, there are the inherent dangers of overloaded information or too much knowledge particularly because of the inconsistencies and incoherence in the body of knowledge that surrounds us. Information savvy organizations apply a framework approach to explore intangible information/knowledge assets and build competitive business advantage for the long term.

The enterprise information/knowledge management framework means a guideline containing approach or model, process, methodology, and the scope of the architect activities: Information and knowledge are the most invaluable assets to every organization and its availability, integrity, and confidentiality can be crucial to how the organization functions or maintains its competency. However, in many organizations that get stuck at the low level of maturity, their data environment is often fraught with inconsistency, redundancy, multiple, sometimes overlapping knowledge platforms, all of which make information management as one of the most difficult, but critical management disciplines. An information/knowledge management framework sets guidelines, defines architectures, models, processes, or methodologies, etc, to enforce information governance disciplines and ensure organizations do what they are supposed to do for improving information management effectiveness and return on investment of knowledge assets.

Information flow streamlines idea flow, Information/Knowledge Architecture is a useful tool to visualize the strategic perspective of information/knowledge management and focus on building information-support solutions to solve complex problems. A fine-tuned information architecture covers management and accomplishment holistically via information management lenses. It has the visual ability to “see” ideas and express them in visual terms via interactive ways. Information is the crucial ingredient of innovation management, thus, more attention needs to be placed on the conditions that allow information/knowledge to flow, connect dots to create new ideas, and generate business value by building a practical management framework, designing an interactive knowledge architecture and taking dynamic knowledge disciplines,

A information/knowledge framework provides a means of classifying various components and their relationships so they can be discussed and understood by the members of that organization: Information/knowledge assets are a blend of resources, not a single asset, and knowledge integrity, availability, and confidentiality can be crucial to how the organization functions or maintains its competitive advantage and fits the business strategy the best. In practice, functional silos, overly rigid processes, or outdated best practices are all root causes of poor information and knowledge management. A powerful information management system enables companies to integrate the critical components of a smart platform, which is “open,” allowing information exchange and participant involvement. It also involves assigning responsibility for knowledge management within the organization, both maintaining and improving knowledge flow, with the goal to improve the organization’s collective learning capabilities and decision effectiveness.

With frictionless information flow, geographically-distributed teams are connected by technology, there arises an opportunity to analyze and reuse the data they create as they go about their activities, and from that to generate valuable knowledge that can be shared to help everyone in their work and keep talent grow and shape a culture of learning and idea sharing. Set g up communities, set up discussion boards, open group conversations, and motivate people to become more informative and insightful for improving the overall decision effectiveness and organizational learning maturity. Further, the Knowledge Management culture needs to fit with the overall organizational culture. It’s like a case of surfing the wave rather than fighting it. If the company environment is very structured, then tailor your knowledge management to go with that. If it's not, go with less structure and embrace the chaos. High mature information management demonstrates the benefits to the digital ecosystem at a much faster rate with much broader impact in the digital era.

An information/knowledge framework provides the basic building block as the base for developing new applications with reusable work: It is a configurable, reusable semi built application with features designed for a specific purpose. Potential information value all depends on how information will be used in the future and this is often exceptionally uncertain. Information/Knowledge Management is the management with knowledge as a focus, involving the use of technologies and processes with the aim of optimizing the value that is generated. There are software tools that help the gathering of tacit knowledge and some are very powerful. An information management framework provides building blocks for developing applications with reusable work and information-support solutions in anticipating problems or applying third-party collaboration tools to engage in real-time information/knowledge management.

More attention needs to be placed on the conditions that allow information to flow and generate value rather than try to manage or control information. The well built information/knowledge management framework, powerful knowledge/learning software app or collaboration tools, and the synchronicity of the information management cycle improve business speed, generate ideas, catalyze innovations, make impact on the velocity of intellectual capital flow, and thus, enforce the overall business responsiveness and performance.

Information is a key enabler to help you achieve strategic business objectives; knowledge is the power for generating business value to benefit your organization and our modern society in the long run. Information systems incorporate both ends and means. When businesses manipulate information in meaningful ways which give you something to interpret and utilize, then you have established the multidimensional business value from the information you get. Information enriched and knowledge savvy organizations are continuously open to new information from the dynamic business environment and are able to circulate information within the system seamlessly and respond to changes proactively and continuously.


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