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Information Insights: Creating Value in Client-Driven Information

By  Douglas Vargo Douglas Vargo  on 2015-09-17 10:00:00  |  Featured in  Communications
Douglas Vargo
Posted By Douglas Vargo
in Communications
on 2015-09-17 10:00:00

Information.InsightAchieving excellence in information management is more important than ever.

The vast amount of data available from within and outside of an enterprise creates an opportunity to evolve and differentiate a competitive organization as a truly information-led, client-driven business optimizing an effective information management strategy. 

However, with all of the information available to an enterprise, the challenge, and ultimately the reward, is in finding the gold. In the quest for information gold, organizations must ponder a few critical questions.

  • How can we identify the information that will save time and add value to our work?
  • How can we enrich and share the information that will drive breakthroughs?
  • How can we find and set a gold standard for information management that considers all team members – content creators, collaborators and consumers.
  • How can we embrace these various roles by considering the potential value of information and data from all perspectives?
  • As we go about our daily activities, can we find a rhythm in considering how valuable certain information is, how it can be further enriched, and who else could benefit from it.

Today, organizations are striving to be truly information-led, information-driven, high-performing businesses. Information is a vital corporate asset that is crucial to achieving operational excellence and strategic corporate decision-making – impacting everything from products and partnerships to clients and consumers.  

Bye, Bye ‘My Data’ Mindset

Information management touches every component of an enterprise. For an organization to fully realize the opportunities of its data, it must move from a ‘my data’ mindset to a mindset that realizes the power of information that is managed, enhanced, shared and valued. This requires organizations to create an information management ecosystem that unifies key components – all working together.

  • Technology
  • Data
  • Content
  • Processes
  • People

Information.Insight.ParagonBy making information management a natural part of the analytical and operational activities an enterprise conducts every day, it can collectively maximize the value of data and corporate information. 

For example, take a moment to consider the information on your computer that is not being shared - is there inherent value in this information? If you consider it valuable, consider then how others might benefit from it. 

By creating and maintaining an effective information ecosystem, you will allow others to benefit, and may provide the exact spark needed for a big idea. Creating an information ecosystem takes key commits, including:

  • Executive Sponsorship: In order to build an information ecosystem you will need executive sponsorship to drive importance and attention to the value of information.
  • Vision & Strategy: Too many times organizations set off by just buying the latest and greatest technology ... and unfortunately these same organizations subsequently fail at achieving their information management goals. A vital part of your information journey is to establish a vision and strategy that cuts across all major aspects of an information program addressing the people, process, technology and information layers.
  • Identified Benefits: In today’s business environment, it is not enough to just develop and enhance your information management program chiefly behind the scenes. Your information management initiatives must be rooted in tangible and visible business benefits - identified key metrics and calculated tangible improvements.  

The goal of an information ecosystem is to understand and learn how to optimize, share and store relevant data safely and securely – all the while improving and enhancing the visibility and collaborative promise of data for all users. For businesses, this will mean that the right information is available for the right purpose more efficiently. For IT users, it will enable finding the right data sources and integrating them to provide timely business insights.

Enterprise Responsibility

Information management is the collective responsibility of every member of an enterprise – content creators, collaborates and consumers share a role in taking advantage of the opportunity that operational data management excellence delivers.

By learning to optimize the latest in information management technology, and encouraging an enterprise-wide buy-in, a business will not only improve the visibility, use, reuse and collaborative power of its data – it will empower its entire community with a winning advantage: Information Insight.  

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Douglas Vargo

Douglas Vargo

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Doug Vargo is Vice President and leader of Paragon’s Digital Information Management team. Doug provides business process and technology solutions that apply to the generation, management, use, compliance and disposition of enterprise content. Paragon’s Digital Information Management team focuses on ensuring organizations have effective, pervasive content management strategies, business processes and technology to ensure the right content is available at the right time, for the right person. Prior to joining Paragon, Doug was the Director of Records Information Management for Rusco, Inc., where he was responsible for the implementation and validation of Document and Records Management Systems at several life sciences companies with a specialization FDA compliance. Doug holds a BS in Environmental Science from Slippery Rock University, PA.

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