Friday, May 27, 2022

Information

Information flow streamlines business flow, nurtures innovation, and accelerates business growth.In smart businesses, information is the power, it..

title Information flow streamlines business flow, nurtures innovation, and accelerates business growth.



In smart businesses, information is the power, it can be tapped from the underlying data and be utilized to turn it into invaluable strategic insight. As a matter of fact, running a real-time digital organization starts with providing real-time information management solutions to conquer dynamic digital management challenges, and build a high-responsive and highly innovative organization.

Information synchronization: In the digital era, what the business needs is not only the faster speed, but also a hyper-connected ecosystem with information-based communication/process synchronization and collaboration-driven relationship harmony. The art and science of information management are about how to clarify information, content, context, optimize information usage and achieve its value to benefit corporate growth. Information management capability directly impacts the business effectiveness, performance, and maturity of the organization.

Information Management is a structural process of aligning the usage of information through the management discipline of assurance (accessibility, reliability, etc.) and exploitation. The refined information allows businesses to perceive customers’ behavior patterns they have never seen before. Those companies that can deliver holistic information Management solutions today will be able to leverage their own information going forward competitively and solving complex business problems thoroughly.

Information intensive innovation: Companies today can abstract business and customer insight to spur people-centric innovation from abundant information which can be refined into knowledge. At the highest level of imagination engagement, we become driven to leverage our imagination and knowledge into creative or innovative results. Knowledge is always based on what's known - the information that's been discovered. However, in order to take any entity to a new place, imagination has to be exercised to uncover and create something new.

Often imagination and knowledge need to go hand-in-hand. Is it like pulling up the information string or plugin imagination switch to light up the business environment with creative ideas flow to nurture information-driven innovation? A great wealth of knowledge fuels imaginations. It also helps to uncover the interdependence and hyper-connection of business nature and bring to the table innovative solutions that meet customers needs, fit the growth perspective of the organization and lead to a new way of doing business. Imagination lets us dream of where we could go, information or knowledge helps us to understand how and what forces we are dealing with in our journey to generate ideas and solve problems innovatively.

Information-based risk management: Information brings both opportunities and risks in business management. The pervasive digitization means “reduced time to information and knowledge” by determining the strategic objective, identifying and assessing risks and adjusting the business speed. The method and kind of information to quantify and manage risks really depend on what the risk is about, so information is a critical element to make a touch upon systematic risk management approaches, shifting from risk mitigation to risk intelligence.

To further the business attention in the risks they have tolerated, information based risk analytics helps to understand the business, and process landscape to consolidate information and generate insight across the enterprise. To respond to the emergent business properties and make data more “visible” for shareholders, link information management to the multiple business domains within the enterprise and their business partners for decisions-making, forecasting, and risk-prevention, etc, leverage emerging properties for making reasonable adjustments.

The power of information is to empower the business with real-time insight across the organization in ways never possible before. Information flow streamlines business flow, nurtures innovation, and accelerates business growth. 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. With these business insights, organizations acquire the ability to reshape intuitive products, services, and customer engagement, with the help of digital technologies, to achieve higher-than-expected business results.

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By: Pearl Zhuhttp://www.blogger.com/profile/[email protected]
Title: Information
Sourced From: futureofcio.blogspot.com/feeds/7911325867416828764/comments/default
Published Date: Thu, 18 Nov 2021 06:46:00 +0000

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