Enterprise information management combines Business Intelligence (BI) and Enterprise Content Management (ECM). Enterprise information management takes these two approaches to managing information one step further, in that it approaches information management from an enterprise perspective. Where BI and ECM respectively manage structured and unstructured information, EIM does not make this “technical” distinction. It approaches the management of information from the perspective of enterprise information strategy, based on the needs of information workers. ECM and BI in a sense choose a denominationalised approach, since they only cover part of the information within an organization. This results in a lack of available information during decision-making processes, market analysis or procedure definition.
Enterprise information underpins all business operations and decisions, and without good information, opportunities to seize competitive advantage are missed. But managing information is no simple task, especially as it explodes in volume and variety. Best-run organizations view information as a strategic asset and use information governance initiatives to deliver consistent, accurate information across the enterprise.
Information Management is the next big thing. Organizations need a single source of truth for all unstructured information with growing volumes and a host of formats, organizations need to manage their information. Lai helps organisations more effectively manage their information to
- Drive faster decision making.
- Improve agility.
- Ensure security.
- Exploit opportunities and
- Reduce the risks of unmanaged enterprise information.
In today’s information-saturated environment, businesses need to maximize the value of enterprise information to improve efficiency and effectiveness. But managing information and processes across interconnected applications and systems is a complex endeavour. With information governance initiatives companies can make the most of their enterprise information, empower people across the business with information access and ownership, improve information transparency, and enable collaboration. Companies can help ensure compliance with retention laws and regulations, can govern information in process to monitor and optimize quality and consistency. Enterprises can improve information quality and gain rich business insights through the power of trusted enterprise information and help ensure quality and consistency throughout the data lifecycle.