A Theory-Based Synthesis Paper on Information Management
A Theory-Based Synthesis Paper OnInformation ManagementIn fulfillment of the requirements for the Masteral in Business Administration Information ManagementSouthville International School and CollegesBy:Ramones, Maria Eloisa S.May 20181. What is information management in a nutshell?It is the management of data, systems, technology, processes and – where the availability of information is critical to organizational success. [Wikipedia]2. How do one manage information systems in an organization? What can be the possible challenges that may arise within the organization while managing information systems?A member/stakeholder in an organization manage information systems by means of creating or involvement in the workflow or cycle of a certain organizational activity: data creation or collection, data storage and usage, and disposition of the information whenever it is necessary.Possible challenges:-Cost of Equipment (Hardware)-Cost of Software (Program/Application)-Training of workforce-Loss of employees3. What is the difference between data and information? Please provide concrete examples for both.
Data is a raw of object either text, words, number, pictures, sound, or video which is unorganized or unstructured. This is a representation of facts, concepts or instructions in a formalized manner suitable for communication, interpretation, or processing by humans or by automatic means.Information is a data or a series of data which is put into context and has been shaped, processed or interpreted. These are data that has been transformed into a meaningful and useful form for human beings.Example: Data – metrics, samples, price, sales, revenueInformation – reports, policies/procedures.4. How does an organization collect information? What types of information is being gathered in order to determine the needs of an organization?An organization collect an information either by software, hardware, personnel and infrastructure and it is done by a source/s – primary source (the researcher is the first person to obtain the data) or a secondary source (the researcher obtains the data that has already been collected by other sources, such as data disseminated in a scientific journal).