Posts Tagged ‘risk mitigation’
The Promise of Information Management
I asked a customer the other day why they were running an Information Management project. Her answer was refreshingly honest:
“I’m not exactly sure,” she said, “It just seems like the responsible thing to do.”
It was a great answer, and it got me thinking about The Promise of Information Management. Why are people doing this stuff? What is it that IM tools and technologies are really designed for? In my experience, the hierarchy of needs for Information Management looks something like this, with each need requiring fulfillment from the bottom up:
The Conventional Hierarchy of IM Needs
At the bottom, there’s the mitigation of risk. Effectively managed information lowers the likelihood of bad things happening to your information, and as a consequence, to your organization. Compliance is still the most common driver for people to invest in Information Management. That’s hardly a surprise since it’s the responsible thing to do. Any organization that faces public scrutiny needs to classify and control its information and implement consistent retention policies.
Higher up the pyramid, we encounter the reduction of cost. If we store our information effectively, we can spend less money storing things we don’t need. We can also recoup time spent on re-creating things we didn’t know existed. There are many ways that effective information management can reduce costs. (These are inevitably the things that end up in all the business cases, under the ROI section.)
Finally, at the pinnacle, there’s the incentive to innovate and to improve the way the organization functions — the ability to meet and exceed performance metrics and offer better solutions to customers, internal and external. Improved awareness, and greater access to knowledge. The benefits of efficient management of information result in people doing better business.
Inverting the pyramid
While these three tiers constitute the promise of information management, the reality is that the needs of knowledge workers are not being met by current IM solutions. Nearly all of the tools designed to manage information will be sold based on the benefits of improved productivity or designing better business process — but in fact are designed primarily to fulfill risk mitigation and/or cost savings. As an ECM consultant, I had to reconcile this bait-and-switch on a daily basis.
With Infovark Personal Edition now perilously close to its first public release, I find myself trying to determine how our new product fits into this information management promise. We’ve turned the pyramid upside down. We put innovation and knowledge awareness right at the bottom, as the platform that everything else is built on. Infovark contributes to cost saving only incidentally (our peer architecture doesn’t require any new servers or centralized storage) and we’ve actively removed a lot of the control, security and access barriers that compliance-oriented solutions offer.
The Infovark Hierarchy of IM Needs
We feel this aligns better with what the vast majority of business people actually need. Most knowledge workers don’t seem to care much about compliance or retention. That’s a management concern. They also seem largely uninterested in cost control. What we hear from people working with information daily is that they want an authoritative source of reliable information, the answers when they need them, and a way to learn what they don’t yet know. They focus on the revenue side of the equation, on pursuing opportunities, on delivering value.
What IM has traditionally seen as base level needs — retention, security and control — we at Infovark see as advanced needs that can be addressed only once we have first fulfilled the more pressing needs of the individuals within the organization. You have to increase transparency and information awareness first, then optimize the way information flows, and only afterward can we look at what risk mitigation policies makes sense.
Yeah, the management team might not buy this approach. But we think everyone else will.
