Information Management and Big Data: a Framework for Success


Upton, Sheila (2013) Information Management and Big Data: a Framework for Success. IVI Executive Briefing Series.

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Abstract

More than ever before, information can create significant competitive advantage for organizations across all industry sectors. More data is available to organizations from multiple sources, from within the organization and from external sources. However, data may not always be available in the right format or when it is needed, or organizations may not have the skills to make best use of the large data volumes or various data formats available including unstructured data. Additionally new terminology is emerging. The term ‘Big Data’ is generally used to describe data with significant volume, velocity and variety. Irrespective of whether the business priority is to improve information management generally or to understand and make best use of ‘Big Data’, the key is to get right the basics of information management (such as strategy, policies, data quality and life cycle management), as well as the new and changing considerations of information security, privacy, controls and skills. Consequently, organizations need a mechanism to integrate all these aspects of data management in order to understand their current position, agree their target position, and develop a structured approach to achieve their goals.

Item Type: Article
Keywords: data; data volumes; data formats; Big Data; information management; data management; investment; business intelligence and analytics; IVI; innovation; Enterprise Information Management; EIM;
Academic Unit: Faculty of Social Sciences > Research Institutes > Innovation Value Institute, IVI
Item ID: 6393
Depositing User: IVI Editor
Date Deposited: 22 Sep 2015 16:10
Journal or Publication Title: IVI Executive Briefing Series
Refereed: No
URI:

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