Information Centric Management
Information Centric Management is the methodology used to uncover, and leverage, the economic values of information hidden in the depths of most organizations’ balance sheets. It is a working model that is comparably easy for any management team to adopt as a component of the everyday strategy and operations development activities.
Information Centric Management is gradually implemented for long term-usage. It is not, as not uncommon with other methodology implementations, a “big-bang” mega project that will halt everything else on the management agenda until fully implemented. Further, it is not primarily a replacement of current working models. It is an addition that is aimed at developing and deploying in-house capabilities at a pace that does not interrupt other ongoing change programs or business operations.
When assessing, and developing, organization capabilities from an Information Centric perspective, six different areas need to be covered:
Economics – the economics of information and the values to manage
Usage – information usage patterns and usage structures
Needs – focusing on the information that bring value
Sources – ensuring access to relevant information
People – embedding an information centric value approach in the organization
Technology – information access solutions, machine learning, AI etc.
The challenge with information management in general is that all these factors need to be addressed in parallel. Many fear that it would be overwhelming and thus focus on one or two factors at each time, which then, unfortunately, render them limited results, or no results at all as these are tightly interlinked. The most common error is likely to be ambitious projects for the implementation of new technology (IT tools and environments) without keeping track of the other five factors’ development.
Capable IT and software are indispensable tools for Information Centric Management, no doubt, but it should be a consequence of the other factors, not a cause for its own implementation.
Find out more about the widely varying aspects of Information Centric Management and its underlying theories under Insights …