Tuesday, May 24, 2022

Innovation

Digital synchronization occurs on multiple levels of the organization, and presents the recognizable digital rhythm to keep the business not only spinning around but also make transformative change seamlessly.

With the overwhelming growth of information and abundant knowledge, potential value depends on how the information will be used again in the future as well as how knowledge can be refined into unique business insight, and this is often exceptionally uncertain. 

Potential directly impacts business's potential of organization for running a real-time intelligent business. Information potential is an investment, for catalyzing information-enabled innovation, improving revenue, and catalyzing business growth.

Unleash potential via information based “superconsciousness”: By accumulating useful knowledge, people gain the “incremental consciousness” about their own potential; how to develop their professional competencies to get the work done resourcefully and innovatively. Collaboratively by managing an effective information cycle and integrating knowledge management, organizations can explore the “super-consciousness” of the business to achieve organizational value. The purpose of Information Management is to process raw data, abstract information from it, refine it into knowledge and capture deep insight/foresight from the abundance of information to grow the business and maximize its full potential. The cognitive ability of the organization depends on how effectively they can make data-based, on-time decisions in a consistent way to solve problems that really matter with logical steps.

Information/knowledge management processes need to become more dynamic, holistic, people-centric, or intelligent:
Information is more complex, intangible and dynamic compared to the physical asset; in fact, besides people, information is the most invaluable asset and investment in the organization nowadays. In face of unprecedented uncertainty and complexity, nothing is certain with the rapid information/knowledge flow. Uncertainty per se is not a problem, it poses a risk for those who have a fixed mindset and creates opportunities for those with a growth mindset. To improve knowledge management effectiveness, more attention needs to be placed on the conditions that allow knowledge to flow and generate business value rather than try to control it. You have to make information based assumptions or “forecasts” in a structural way, capture emerging trends and prevent risks on the way. The goal of integral information/knowledge management is to keep knowledge flow and updated, so people across the organization can apply refined information or fresh knowledge to make sound judgments, right decisions, generate new ideas, and improve business intelligence.

Integrate information, knowledge and idea management, etc, into a holistic innovation management:
The digital era upon us is about innovation. A responsible use of knowledge is not an impediment to the imagination. Knowledge savvy employees at all levels are more open to new ideas, co-create fresh knowledge, and experiment with alternative ways of doing things. Knowledge is rather a way to freedom of creativity. In the context of knowledge work centric processes where a team of knowledge workers are collectively working on achieving shared process goals. Knowledge workers become more innovative by leveraging multidimensional thought processes and interdisciplinary knowledge to connect wider dots for generating fresh ideas. Imagination is also needed to be able to apply the previous knowledge to a different context for generating fresh insight and solving problems innovatively.

Information Technology is often the driving force behind digital transformation. Digital organizations today need to redefine themselves in which information is the linchpin, talent can develop and learn more rapidly than anywhere else. Behind high responsive high informative business, it’s information technology and knowledge management synchronization. Digital synchronization occurs on multiple levels of the organization, and presents the recognizable digital rhythm to keep the business not only spinning around but also make transformative change seamlessly.

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