Lesson 1 Text Format FINAL
Lesson 1 Text Format FINAL
Course Description
This course provides the students with an introduction to the core concepts of data and
information management.
What is Data?
Raw facts, or facts that have not yet been processed to reveal their meaning to the end-user or
unorganized form (such as alphabets, numbers, or symbols) that refer to, or represent,
conditions, ideas, or objects. Data is limitless and present everywhere in the universe.
Categories of Data
Structured data – is comprised of clearly defined data types whose pattern makes them easily
searchable.
Unstructured data – “everything else” – is comprised of data that is usually not as easily
searchable.
What is Information?
Data that has been processed and arranged/organized in a meaningful form is known as
information.
Definitions:
data that have been processed so that they are meaningful;
data that have been processed for a purpose;
data that have been interpreted and understood by the recipient.
Data and information are interrelated. Data usually refers to raw data or unprocessed data. It is
the basic form of data, data that hasn’t been analyzed or processed in any manner. Once the
data is analyzed, it is considered as information.
Data is the foundation of information, which is the bedrock of knowledge—that is, the body of
information and facts about a specific subject. Knowledge implies familiarity, awareness, and
understanding of information as it applies to an environment. A key characteristic of Knowledge
is “new” knowledge that can be derived from “old” knowledge.
Information Resources
Records – a piece of evidence about the past, especially an account of an act or occurrence kept
in writing or some other permanent form
Text – it is a written or printed work
Multimedia – use of a variety of artistic or communicative media
What is Management?
Management brings together all Six Ms i.e. Men and Women, Money, Machines, Materials,
Methods, and Markets. They use these resources to achieve the objectives of the organization
such as maximum sales and profits, business expansion, etc.
Information management (IM) refers to the collection, organization, storage, and maintenance
of data, including documents, images, knowledge bases, code, and other types of virtual media.
IM grew out of traditional data management, which focused on storing and maintaining physical
media.
Wikipedia Definition
This cycle of information organization involves a variety of stakeholders, including those who are
responsible for assuring the quality, accessibility, and utility of acquired information; those who
are responsible for its safe storage and disposal; and those who need it for decision-making.
Stakeholders might have the right to originate, change, distribute, or delete information
according to organizational information management policies.
Information management embraces all the generic concepts of management, including the
planning, organizing, structuring, processing, controlling, evaluation and reporting of
information activities, all of which is needed in order to meet the needs of those with
organizational roles or functions that depend on information. These generic concepts allow the
information to be presented to the audience or the correct group of people. After individuals
are able to put that information to use, it then gains more value.
Information management is closely related to, and overlaps with, the management of data,
systems, technology, processes and - where the availability of information is critical to
organizational success – strategy. This broad view of the realm of information management
contrasts with the earlier, more traditional view, that the life cycle of managing information is
an operational matter that requires specific procedures, organizational capabilities and
standards that deal with information as a product or a service.
Purpose
The purpose of information management is to: design, develop, manage, and use information
with insight and innovation. Support decision-making and create value for individuals,
organizations, communities, and societies.
• People: Not only those involved in IM, but also the creators and users of data and
information.
• Policies and Processes: The rules that determine who has access to what, steps for how
to store and secure information must be stored and secured, and timeframes for
archiving or deleting.
• Technology: The physical items (computers, filing cabinets, etc.) that store data and
information, and any software used.
• Data and Information: What the rest of the components use.
IM is often confused with content management or knowledge management. While all three
processes are related, and there is some overlap, they do have some differences. Content
management deals with data (blocks of text, images, videos, and more) a website uses, and the
covers to organize and display the data (e.g. XML tags or HTML coding). Knowledge
management is similar to library science and deals with information for training and education,
as well as knowledge and expertise transfer, and passing on lessons learned.
Content Management – deals with data (block of text, images, videos and more) a website uses,
and covers to organize and display the data (e.g. XML tags or HTML coding)
Knowledge Management – Similar to library science, and deals with information for training and
education, as well as knowledge and expertise transfer on lessons learned.
'Information management' is an umbrella term that encompasses all the systems and processes
within an organization that enable the creation and use of corporate information. In terms of
technology, information management encompasses systems such as: ... web content
management (CM) digital asset management (DAM)
Information Management Body of Knowledge (IMBOK), which is a framework that breaks down
management skills into six knowledge areas and four process areas.
1. Retrieval: Accessing and collecting knowledge from available sources (e.g., databases, books,
digital archives).
2. Reading: Processing and understanding the retrieved information.
3. Recognition: Identifying relevant information and transforming it into subjective knowledge
based on personal or organizational needs.
4. Re-interpretation: Analyzing and re-evaluating the subjective knowledge to derive new
insights.
5. Reviewing: Sharing and evaluating knowledge within the public domain to ensure accuracy
and relevance.
6. Release: Publishing or disseminating validated knowledge for broader use.
7. Restructuring: Organizing and optimizing knowledge to make it more accessible and useful in
future contexts.
The words data and information are often used interchangeably, but there is an important
distinction, especially in the world of information management. Data are raw facts. Information
is data that has been processed, structured, interpreted, and organized so that it can inform
decisions and plans. Companies can get data from many sources, including the following:
Legacy Systems: Used for data that has been piling up for a long time. A company's
legacy systems (e.g. learning management, employee records, and financial history) all
contain useful data that can be tapped.
Data Creation: Transactions, manufacturing, making payments, purchasing, and
employee reviews (to name a few) all create data. For a retailer, the data could be how
many hammers and saw sales their point-of-sale system tracked. For a manufacturer, it
could be the number of computer monitors that were assembled. For a delivery
company, it could be the time a package was dropped off at a designated location.
Data Collection: Data that comes from external sources, such as weather trends, news
reports, road closure notices, or hiring trends. This kind of data can be purchased or
collected for free.
1. Lower Maintenance Cost: Modern systems are built with better technology that
requires less upkeep and fewer resources.
2. More Efficient: New systems improve operational efficiency by leveraging the latest
technologies and streamlined processes.
3. Higher Performance: Enhanced processing capabilities lead to faster and more reliable
system outputs.
4. Scalable Application: New systems are designed to grow with the business,
accommodating future expansions and upgrades more easily.
The image emphasizes the benefits of transitioning from an outdated legacy system to a more
efficient, scalable, and cost-effective modern system. It highlights how organizations can
improve performance, reduce costs, and avoid risks associated with obsolete technologies by
investing in system upgrades.
The process of information management in project-based work encompasses the following key
stages:
1. Collection - The collection of project information can take various forms, including
written, video, oral, audio, and electronic formats. It is crucial to gather only the
necessary amount of information required to meet project objectives, ensuring that it
remains relevant and manageable. Equally important is ensuring the quality and
reliability of the data, verifying that it is accurate, trustworthy, and capable of
supporting informed decision-making throughout the project lifecycle.
Organizing, filtering, and refining the collected data to ensure that only relevant, high-
value information is retained, making it more accessible and actionable for the team.
4. Dissemination - involves consideration of questions such as: what information is to be
distributed, to whom, in what format, how often, under what circumstances and using
what security protocols?
5. Archiving - Archiving takes place after a period of time, usually determined by a mix of
company policy and judgment. Because of the large volumes of information archived, an
effective classification system that anticipates future uses is essential
Storing information that is no longer actively needed but may be valuable for future
reference or compliance purposes, preserving it securely for later access.
Safely and securely destroying information that is no longer required, ensuring that
sensitive data is irretrievable and compliant with privacy and regulatory requirements.
By integrating these stages into the project lifecycle, teams can maintain control over their
information, reduce risks, and enhance their ability to deliver successful outcomes on time and
within budget.
Summary
Importance of IM:
Ensures accurate, relevant, and timely information for business operations.
Helps organizations reduce costs, increase revenue, and stay compliant.
IM strategies guide organizations in managing their data assets effectively.
Studying Information Management provides students with essential skills to handle data
effectively, support business strategies, and drive informed decision-making.