Information Management Review PDF

## Information Management ### What is Management? * According to Harold Koontz, "Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and individuals and can co-operate towards atta...

## Information Management ### What is Management? * According to Harold Koontz, "Management is an art of getting things done through and with the people in formally organized groups. It is an art of creating an environment in which people can perform and individuals and can co-operate towards attainment of group goals." * Kreitner's definition of management: "Management is a problem-solving process of effectively achieving organizational objectives through the efficient use of scarce resources in a changing environment." * Management is a set of principles relating to the functions of planning, organizing, directing and controlling, and the application of these principles in harnessing physical, financial, human, and informational resources efficiently and effectively to achieve organizational goals. ### What is Information Management? * Information management is the process of collecting, storing, and organizing data in a way that allows for efficient retrieval and use. Its purpose is to ensure that the right information is available to the right people at the right time, in order to facilitate decision-making and support the efficient operation of an organization. ### Why is IM is important * Managing information is important to an organization because it allows for increased knowledge, decreased inefficiency, and better creation and implementation of action plans to address areas of opportunity. * Managing your information save you money * Managing your information makes you money * Managing your information keeps you out of trouble. ### Key components of IM * People * Process * Content * Technology ### Resources of IM * Data * Records * Multimedia * Text ### Goals of IM * Supply work, business and consumption process with information. * Improve and speed up business, work and consumption processes through information use and efficient information processing. * Create and maintain competitive advantage through new, IT based word and business processes * Efficient use of organizations information assets. * Reduce unnecessary complexity of information processing system; protects against information overload. ### Todays information corpus * File * Databases * E-mails * Instant messaging(IM) * Electronic Publishing ### Information Requirements * All aspects of information management must be grounded in a consideration of the information requirements (or information needs) of customers or clients of the information systems and services. ### Information Life Cycle The information life cycle is depicted as a circular diagram with the following labels: * Archival * Creation * Storage * Disposition * Processing ### Phases of Information Lifecycle Management * Data Collection * Data Creation * Data Classification * Data Archiving * Data Security * Data Disposal * Data Assignment ### Tools in IM * Information Audit * Information Mapping * Communication Audit ### Benefits of IM * Improved productivity and efficiency * Faster information access * Support business needs * Improved performance * Robust security * Enhanced compliance * Improved risk management * Optimized service delivery * Business intelligence * Business continuity * Disaster recovery * Data analytics The document presents a basic introduction to information management. It defines management, information management, and describes the key components, resources, goals, life cycle, phases and tools of information management. Moreover, it highlights the benefits of using information management in organizations.