It is interesting – if you ask five people what Information Management is – you will get 7 different definitions. Recently I was in a panel discussion on this subject. Here is my take on this.<\/p>\n
Information management is kind of an esoteric term – data but view in a context. Information becomes an asset and as any other physical assets of a company, it has associated value that is linked to the age of the asset. As with any other type of asset the information depreciates over time. Because of its nature – you cannot touch it – most of the companies ignore managing the information in the same way as the typical assets. However – it has its own value and sometimes it is considerable. If for example organization spent 2 million dollars on developing a research or a GIS map, if the users cannot find it – it is a waste.\u00a0 So adding monetary and time value to the information is critical and people responsible for information should define and communicate this. Information should be put under quality control and protected. Again – because of its nature these concepts are the same but implementation must be different. As with other assets – information has its own lifecycle. Another important aspect is that information should have associated accountability within organization.<\/p>\n
There are few elements that information must be based on:<\/p>\n
To address these, the organizations should build the supporting elements – starting from the most basic, to more sophisticated where information value is realized:<\/p>\n
It is interesting – if you ask five people what Information Management is – you will get 7 different definitions. Recently I was in a panel discussion on this subject. Here is my take on this. Information management is kind …<\/p>\n