The value of information is to empower the business with real-time insight across the organization in ways never possible before.
In reality, information/knowledge management in many organizations are too hierarchical, too centralized for moving with faster speed. Therefore, more attention needs to be placed on the conditions that allow information to flow and generate value rather than try to manipulate or control information.
Information Management should be managed holistically in order to truly capture its business value and improve business responsiveness and maturity: The data is the foundation of creating insight, the insight perceives the new business opportunities and risks. In reality, the organizational modern data environment is fraught with inconsistency, redundancy, and multiple data and knowledge platforms. If there's a lack of quality information and holistic understanding, the business intends to solve symptoms but cause more problems later on or perhaps on the other side of the company.
It’s important to have some more integrated information life cycle management solutions to conquer data challenges, provide data accessibility and availability, ensure transparency and visibility, enable trust and reliability.
Information Management should be managed holistically in order to truly capture its business value and improve business responsiveness and maturity: The data is the foundation of creating insight, the insight perceives the new business opportunities and risks. In reality, the organizational modern data environment is fraught with inconsistency, redundancy, and multiple data and knowledge platforms. If there's a lack of quality information and holistic understanding, the business intends to solve symptoms but cause more problems later on or perhaps on the other side of the company.
It’s important to have some more integrated information life cycle management solutions to conquer data challenges, provide data accessibility and availability, ensure transparency and visibility, enable trust and reliability.
Creating engagement around insight, not reporting the facts: As companies around the world transform themselves into the digital business that is based on information, innovation, and intelligence, it depends on their ability to well align the strategy and execution, for delivering the solid result. To qualify under Advanced Analytics, there needs to be some level of sophistication but obviously the line between simple and advanced is fuzzy sometimes. Businesses need to find parts of the organization that uses analytics effectively to generate business value. So they can develop their best and next practices, scale up and build an intelligent organization.
By leveraging quality information based analysis, improved decision making will only come when insights from the analytics system are directly matched to improved decisions and better outcomes. For any analytics strategy to be managed smoothly, that will often require significant organizational change, education, and evangelism by someone in the senior team, capture digital insight about customers’ need and employees’ engagement; ensuring these insights are used in the process of decision making should be one of the keys to success
Enabling scenario and forecasting to promote decision alternatives: The advanced analysis based on quality information enables business management to predict the emerging trends, prevent risks, and grasp opportunities to innovate. The point of forecasting, which implies a range of outcomes, is not to predict precisely what will happen, but to help you make decisions and take actions to achieve expected results.
Information analysis based scenarios can be very strong planning tools qualitatively, and get you the best time-value result. You can use your scenarios to explore how your current strategies will or will not help you against possible disruption and compare your strategies to your current competitors and even invent future competitors. An effective decision-making scenario takes well alignment of people, process, and technology. After the initial learning curve, the group decision-making sessions are short, productive and well documented, to improve decision effectiveness and analytics maturity.
The digital paradigm arises out of abundant information and fresh knowledge. The value of information is to empower the business with real-time insight across the organization in ways never possible before. Organizations can harness the power of information to provide the business with a more fact-based vision of where to aim and how to get there. Organizations can acquire the ability to reshape products, services, and customer engagement to accelerate performance and improve business maturity.
By leveraging quality information based analysis, improved decision making will only come when insights from the analytics system are directly matched to improved decisions and better outcomes. For any analytics strategy to be managed smoothly, that will often require significant organizational change, education, and evangelism by someone in the senior team, capture digital insight about customers’ need and employees’ engagement; ensuring these insights are used in the process of decision making should be one of the keys to success
Information analysis based scenarios can be very strong planning tools qualitatively, and get you the best time-value result. You can use your scenarios to explore how your current strategies will or will not help you against possible disruption and compare your strategies to your current competitors and even invent future competitors. An effective decision-making scenario takes well alignment of people, process, and technology. After the initial learning curve, the group decision-making sessions are short, productive and well documented, to improve decision effectiveness and analytics maturity.
The digital paradigm arises out of abundant information and fresh knowledge. The value of information is to empower the business with real-time insight across the organization in ways never possible before. Organizations can harness the power of information to provide the business with a more fact-based vision of where to aim and how to get there. Organizations can acquire the ability to reshape products, services, and customer engagement to accelerate performance and improve business maturity.
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