Saturday Brain Storming Thought (81) 03/10/2020-By Vr Avinash Kulkarni
Information Management
It is the cycle of processes that support the organization’s learning activities ie
1) identifying information needs
2) acquiring information
3) organizing and storing information
4) developing information products & services
5) distributing information
6) using information
Purpose of Information Management
It is to design, develop, manage and use information with insight and innovation
It support decision making and create value for individuals, organizations, communities and societies
Information Management policy
It is a set of rules for a type of content
These policies enable organization to control and track things like how long content is retained or what actions users can take with that content
Features of Information Management
1) Flexible – it should allow you to analyze and evaluate data from multiple sources as needed and in multiple ways depending on your needs
2) Easy to use – Managers should not required or need of advanced knowledge in information systems in order to get what they need
Key skills for information systems manager
1) analytical and problem solving skills
2) strong technical skills
3) the ability to work well under pressure
4) attention to detail
5) teamworking skills
6) organisation and time management
7) interpersonal and communication skills
8) management and leadership skills
Challenges for Information Management
1) paper based information gathering
2) time stamping information
3) recording of tasks
4) access to documentation
5) managing multiple sources of information
6) quickly querying information
Types of information management failures
1) Correspondence failure
It refers to when design objectives are not met when the system has been developed
2) Process failure
This type of failure occurs when an information system is not delivered in the specific time allocated or is costs more than the amounted budgeted for the project
3) Expectation failure
This type of failure views information system failure as the failure of system in meeting stake-holders requirements, expectations or values
4) Interaction failure
This refers to the end users usage of the information system about regular using or it’s implementation
More information More confusion
We don’t have hours to end to contend with everything that competes for our attention
Strategies for Information Management
1) contemplate in advance the kind of information you seek
2) identify the vital information carriers
3) streamline your intake capacity
4) beware of information crutches
5) establish a distribution system
6) be thoughtful when sending information
7) design responses
8) do away with paper
9) constantly review and update
10) acknowledge the benefits of remaining organized
Primary Components of information management
1) People
2) procedures and instructions
3) data
4) software
5) information technology infrastructure 6) internal controls
Types of information management
1) Transaction processing systems
2) management information systems
3) decision support systems
4) executive information systems
Information
It is meaning that can be communicated
This includes any data that can be interpreted by the human senses to become knowledge
Types of uncertainty in information management
1) ambiguity
2) known unknowns
3) unknown unknowns
4) future events
Information management analysis
1) search
2) source validation
3) information gathering
4) original research
5) aggregation
6) mapping
7) categorization
8) modelling
9) summary
10) interpretation
Information management as assets
1) Strategies, plans, goals and objectives to improve an organization future
2) information sold to customers
3) intellectual property
4) trade secrets
5) projects
6) training materials
7) marketing media
8) sales collaterals
9) customers list
10) operations
11) decision support
12) financial reports
13) organization culture
14) legal & compliance
15) Research & Development
Code of conduct for valuers under Information Management
Declaration given by valuer for every valuation report
1) I shall ensure that I maintains written contemporaneous records for any decision taken, the reasons for taking decision, and the information and evidence in support of such decision
This shall be maintained so as to sufficiently enable a reasonable person to take a view in the appropriateness of my decisions and actions
2) I shall appear, cooperate and be available for inspections and investigations carried out by a authority, any person authorised by the authority, the registered valuers organisation with which I am registered or any other statutory regulatory body
3) I shall provide all information and records as may be required by the authority, the tribunal, appellate tribunal, the registered valuers organisation with which I am registered, or any other statutory regulatory body
4) I while respecting the confidentiality of information acquired during the course of performing professional services, shall maintain proper working papers for a period of three years or such longer period required in its contract for a specific valuation, for production before a regulatory authority or for a peer review
In the event of pending case before the tribunal or appellate tribunal, the record shall be made till the disposal of case
