In my last post on Actionable Information Management Principles: People, I presented my principles and actions related to people. There are 5 principles related to people:
- Principle #1 – Information Is An Asset
- Principle #2 – Information is Shared
- Principle #3 – Information Must Be Available
- Principle #4 – Fact-based Decision Making
- Principle #5 – Information Improves Our Clients Life
Further to my last post, here are my principles and actions related to process.
Principle #6 – Business Requirements Drive Information Management and Solution Design
Information Management is an important creator of value that must be understood and not treated as a 'black box'
- Know the business question(s) that you’re trying to answer
- Leverage what exists in your current information infrastructure and strengthen existing structures wherever possible
- Focus primarily on what’s needed by the business
- Think about where the information is coming from, who owns it, and why they should give you the information needed
Principle #7 – Harnessing information and intelligence is a corporate priority
Information has not only an intrinsic value in and of itself, but also it is the key to increasing the value of all assets owned by the organisation
- Design our core business processes to embed good information management practice and reduce duplication and re-work for our staff. Information management will be embedded into our business processes
Principle #8 – A common business and technical language is essential
Information costs money and a common language about it is needed in order to have effective storage, retrieval and sharing of information
- Both unstructured and structured data must have a common definition throughout the Company to enable sharing of data - especially for performance management and consolidated reporting. A common vocabulary will facilitate communications, enable dialogue to be effective and facilitate interoperability of systems.
Principle #9 – Information management requires large step change and long haul commitment
Change is a feature of the business environment and the rate of change is increasing. It is complex and that is not a reason for inaction
- Develop a National Information Management Strategy and Roadmap
Principle #10 – Comply With Our Statutory Requirements
We operate within a complex web of regulation that requires effective information management
- Put appropriate governance in place to ensure that State, Federal and international requirements such as Sarbanes-Oxley are complied with.
Over the next few days my posts will cover the remaining 2 categories: