What is Information Management
Information Management is the application of information through collection, critical thinking, and interpretation of data. It allows for the accuracy and visualization of organized information for efficient and effective decision-making.
Data and information are the main strategic business assets that influence organizational productivity, drive competitive advantage, create efficiency, and are essential for fact-based decision-making.
After stakeholder needs are identified, necessary data is collected, processed, and organized. It is then validated and amended to verify the correct information is derived from the collected data. Data validation ensures the integrity of the attained information while reducing its complexity. At the same time, data analysis helps clarify facts. For example, diagnostic analytics examines data to answer the questions "What happened?" and "Why did it happen?", and includes such techniques as data discovery anddata mining;predictive analytics can help predict future probabilities and trends. Once the data is analyzed, and the information is extracted, the information is presented to a client through reporting and visualization, allowing proficient comprehension of the outcomes.
Those with degrees in Information Management find themselves in a rapidly growing career field. Information management professionals are in demand to contribute to high performing teams to maximize the value of information management solutions with a goal of reducing costs while increasing process integrity and efficiency.