Information Management is the application of information through collection, critical thinking, and interpretation of data. It allows for the analysis and visualization of organized information for efficient and effective decision-making.
The Information Management Process Flow
Information Needs: The first step in the information management process is to establish the information requirements. This step will lead to the next step of data collection.
Data Collection: Once the information requirements have been established, necessary and relevant data is collected from sources such as surveys, focus groups, repositories, data warehouses, archives, etc.
Data Storage: Repositories, such as databases and data warehouses, are used to manage and store data.
Data Preparation: Data will most often need to be converted from diverse data types and formats and cleansed to make it consistent and usable.
Data Analysis: Once data is cleansed, statistical models, visualizations and analysis tools are used to discover and communicate trends and patterns.
Decision Making: Trends and patterns discovered during the analysis allow for interpretation of conclusions which support making informed decisions based on the data.
Strategic Planning: Data informed processes are planned and executed to solve the information needs.