information management

Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.

information management

the process of gathering, processing and interpreting data both from the firm's external environment and from inside the firm, generally using the information technology provided by COMPUTERS.

All business functions such as production, marketing and distribution involve both physical tasks and parallel information-processing activities. Computers, communications devices and other information technology hardware can be deployed to perform routine accounting, record keeping and order processing functions cheaply and efficiently In addition to these basic data-processing tasks, information technology has enabled firms to collect more data than previously could be handled by the firm and subject it to more detailed analysis. This has the advantage of dovetailing production, marketing and distribution activities within the firm. In addition, greater communication with customers and suppliers through their computers facilitates closer relationships with these customers and suppliers, leading to, for example, just-in-time production and supply (see JUST-IN-TIME (JIT) SYSTEM). Such information technologies as COMPUTER-AIDED DESIGN and COMPUTER-AIDED MANUFACTURE facilitate the rapid development of new products or modification of existing products and the prompt production of such products through FLEXIBLE MANUFACTURING SYSTEMS, thereby allowing the firm to gain a COMPETITIVE ADVANTAGE by responding rapidly to changing customer requirements. See COMMUNICATION, BUSINESS PROCESS RE-ENGINEERING, INTERNET, ECOMMERCE, WORLD WIDE WEB, CUSTOMER RELATIONSHIP MANAGEMENT.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
A latest research namely Global Laboratory Information Management Systems Market has its complete summary provided in such a pattern that the reader will get the correct direction and guidance through vital information mentioned in the report.
Critique: Exceptionally well organized and presented, impressively informative and enhanced with the inclusion of an Afterword (The Future of Knowledge and Information Management), "Practical Knowledge and Information Management" is an extraordinary and unreservedly recommended addition to professional, community, corporate, college, and university Library Science & Information Management collections and supplemental studies curriculum reading lists.
"Metadata for Information Management and Retrieval" also includes: an introduction to the concept of metadata a description of the main components of metadata systems and standards an overview of the scope of metadata and its applications a description of typical information retrieval issues in corporate and research environments a demonstration of ways in which metadata is used to improve retrieval a look at ways in which metadata is used to manage information consideration of the role of metadata in information governance.
"They've been in business for over fifteen years and are now providing full service information management to all of Central Washington, with the added benefit of helping to support Columbia Industries, a local nonprofit.
In addition, the DOJ required Iron Mountain to divest of Recall's records and information management facilities in 13 US cities; this transaction closed on May 4 and the assets were sold to Access CIG, LLC, a privately held provider of information management services throughout the United States, for total consideration of USD 80m, subject to adjustments.
The report states that the rising replacement of legacy solutions with commercial off-the-shelf (COTS) solutions is anticipated to boost the sales of laboratory information management systems at the global and the regional levels.
A Gartner report on technology trends that drive information management summarizes these on the basis of the function each technology plays in the process of IM, namely - describing, integrating/storing, sharing and governing information.
Within the overall discussion of challenges for the health information management workforce at the national level, there are also specific challenges relating to demographics in the current workforce.
The conference affords the opportunity to share ways to integrate environment, energy, and geospatial information management into Defense operations.
In response to the State University of New York's announcement that information management skills be assessed system-wide, SUNY at Fredonia created an information literacy assessment tool, which included both pre-test and post-test components.
Kodak's CARESTREAM Information Management Solutions (IMS) are designed for IT staffs who need to orchestrate growing patient information across an enterprise, a region or countrywide.

Full browser ?