Information has special characteristics: it is easy to create but hard to trust, it is easy to spread but hard to control, it is easy to collate but hard to give meaning.
Information drives decision making.
The market value of an information good or service is not only determined by the pattern in which the material is arranged but also by how it is sourced, managed & transferred in either a digital or analog format to optimise its consumption.
Information flow optimisation supports constructive decision-making to better mitigate the risk of strategy execution failure.
Timeliness, Relevance & Perfection are the 3 primary factors that assign value to information.
Every product is essentially a product of information, every person is a manager of information and every organisation represents an information infrastructure.
The information economy at large creates a platform to enable both the ‘traditional’ and ‘new’ economies to prosper with its value determined by all final information goods & services produced by a country within a given time period.
It is of paramount importance that information infrastructures are transformed end-to-end to better structure, streamline & scale the availability, accessibility & completeness of information.
Let’s stop serving mis-information, dis-information or non-information to only add to the information overload leading to misplaced information paranoia.
Recycling is perfect but with a twist to keep it fresh, relevant & timely.
Backward compatibility of new information actually serves to accelerate adoption rates on an ongoing basis.
The four main pillars of an Information Infrastructure are Data, Systems, Technology & People:
- Data: Unstructured characters, figures or symbols to be translated into a format suitable for processing
- Systems: Integrated governance structures to streamline data, information & knowledge flow
- Technology: Complementary networks of hardware & software applications to collect, filter, process, create and distribute data, information & knowledge
- People: Knowledge workers producing both tacit & explicit data, information & knowledge
The effective use of time & energy to manage the trilogy of Data, Information and Knowledge is key to success.
Data must be structured in the right format, placed in the right context and produced at the right time to turn this data into information to be channelled to the right experienced people who have the knowledge to convert this information into new, attractive and exciting value propositions.
A ‘Smart Enterprise’ knows that the optimisation of Information Infrastructures allows for the efficient diffusion of knowledge to empower intelligent learning, organisational development and commercial growth.
Collaborative networks supported by new technologies only amplify this spread of knowledge to help transform the global supply chain of the knowledge economy thereby shifting the balance from the ‘resource owner’ to the ‘knowledge holder’.
For example, 4-D printing is due to transform the supply chain of global manufacturing where the knowledge holder can now print the product at their home location using the right recipe.
Similarly, the internet as an online library shifts the onus from knowledge retention to search, discover & apply methodologies but remember in all this that experience assigns value to information.
Enterprises must understand how things work irrespective of how much the world changes.
Policies, regulations & systems have to be re-invented to move with the times at a global level to allow increased focus at a local level.
Information arbitrageurs run rings around those operating in isolation within an inter-connected world.
Enterprises must pay attention to these kind of developments with their networks taking centre stage.
The increased sophistication of eco-systems only multiplies the speed, capability and efficiency of knowledge sharing among collaborative networks thereby triggering a ‘network multiplier’ effect.
Unlike a multiplier in economics, little data, information or knowledge is lost in translation with the help from new technologies which means change is coming faster than ever before.
Enterprises are required to learn how to make all these changes work better for them.
Let’s make sure unique or new information always beats the market.
Now that’s an uplifting thought.Get More Information
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