Information Value Management (IVM)

This is a great read by Ariku. It is awesome how he discusses the culture of “silo type” data management and how this “paralyzes the enterprise view of data.” Yes. It does!! I absolutely love Maslow’s hierarchy of needs model and I can see how the model would apply to data management. This is worth a read.
~~~~Felicia

Ariku's Blog

Introduction and Terminology

Information Management (IM)

a framework for managing all dimensions of enterprise data

This framework includes operational applications and their respective data repositories:

  • operational databases
  • data lakes
  • data appliances
  • data warehouses
  • MDM
  • social media
  • imported data from external sources

The management dimension includes data governance elements such as:

  • quality
  • safety
  • the information life cycle
  • standards and policies
  • and procedures for defining and handling data elements and structures

Information Value Management (IVM)

IVM is the subset of Information Management that focuses on maximizing the benefits that accompany high quality data. It’s a process for transforming raw information into refined actionable intelligence. It’s defined by best practices that ensure data quality by employing processes that determine if the information your organization is collecting is useful.

IVM is based on the premise that information cannot reliably support your business decisions and actions until measures, standards, and best practices designed to produce…

View original post 899 more words

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