Saturday, October 9, 2021

Innovationviainformationsynchronization

Information is the foundation of intelligence, linchpin of organizational competency and puzzle piece of innovation.

We are living in a complex world with an overwhelming growth of information. Information does not live alone but permeates everywhere in the businesses. Developments, inventions, and conflicts are continuously involving, which makes it impossible to have a complete knowledge and understanding of many issues facing the business today. 

To overcome the challenge and deal with fierce competitions, what the business needs is not only the faster speed, but also a hyper-connected ecosystem with information synchronization and relationship harmony.
 
Orchestrate change through information synchronization, for ensuring all organization actions are directed to achieving high performance results: There is no growth without change. Change can be an opportunity, but at the end of the day, it needs to be all about moving us upward. Any change that doesn't reduce the friction people experience in doing their jobs will be perceived as misdirected. Information-based business synchronization enables all functions to work seamlessly and make change happening smoothly. The insight-driven change and the large-scale transformation can create the business synchronization of all functions running at the multiple levels of the organization seamlessly.

Change Management is no longer a spontaneous activity, but a synchronous effort by balancing the main elements impacting change such as people, strategies, processes/ procedures, in which Information is the threshold and the most intensive puzzle piece. The synchronicity of the information management cycle is about processing data, synchronizing information, and capturing business insight to guide the company forward by determining the strategic objective of changes, harmonizing communication and collaboration.

Information is the foundation of knowledge; think knowledge as the business consciousness and treat knowledge as an intangible asset of the organization: There are interrelationships between data, information, and knowledge; when the business needs the data & information, it needs technology; and when it intends to view the data in ways that they can understand, it is Information; and when they further refine information into the knowledge, which becomes the invaluable asset of digital business. The synchronicity of the information management cycle is about processing data, synchronizing information, refining knowledge, and capturing business insight to guide the company forward.

There is false information, knowledge becomes outdated sooner than you think. Knowledge asset scanning is vulnerable to the context of time and place. Thus, knowledge cannot be managed like other hard assets. The convergent information and knowledge management intends to solve such puzzles as: Where is the information we have lost in data? Where is the knowledge we have lost in information? Where is the wisdom we have lost in knowledge? Etc. With exponential growth of information, You need to not only assimilate existing knowledge, more importantly, you also have to keep updating knowledge, create new knowledge, synchronize information and knowledge management by consolidating data, updating information and generating insight across the organization.

Information-intensive, people-centric innovation:
Organizations acquire the information-based innovation and synchronization abilities to reshape products, services, and customer engagement almost real time for gaining competitive advantage. Organizations, like individuals, need to be in flow to communicate fluently and operate smoothly. Streamlining and standardization information management processes is an essential prerequisite to providing effective information - innovation synchronization solutions. The ultimate goal is to ensure information-savvy organizations keep tapping their innovation potential, have the ability to reshape innovative products, services, and customer engagement, to generate business value and delight customers.

With fierce competition and more selective customers, the next level of innovation is coming at seemingly a much faster pace, more change, and more potential disruptions. Information brings about business ideas; business ideas generate lots of information. The synchronicity of the information management cycle enables the organization to improve the speed of the idea-generation, decision-making, innovation management effectiveness, risk prevention and management, impacts the velocity of capital flow, and thus the business responsiveness and innovativeness.

Information is the foundation of intelligence, linchpin of organizational competency and puzzle piece of innovation. Information confluence means breaking down functional silos or geographical borders to streamline information flow and idea flow, taking a transformative journey from running a reactive business to shaping a real-time highly intelligent organization.

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