swiss data bank - information management

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© 2014, Swiss Data Bank, the first data management bank – http://www.databakers.ch Page 1 on 9 Information management, or the true story of everyday mistakes. Data, what a big meaning for a tiny word. The word « data » is used for almost everything. But what is data exactly? According to Wikipedia, data is « an abstract concept can be viewed as the lowest level of abstraction, from which information and then knowledge are derived. ». So it is a piece information or knowledge. If we think as knowledge as information assimilation and processes, then data is information. Now we have something to work with: Information. In a perfect business world, a worker would use the right information at the right time. Unfortunately it is not always the case. I read once that about 35% of the managers are using, at least once, the wrong information during meetings. Sound enormous, isn’t it? Let’s have some more percentages. In a normal working day, 40% of the time is spent for searching the right information, causing 12% of loss of revenue and increasing labor cost by 20% 1 . And when the right information is found it is wrongly distributed in 58% of the cases 2 . But why? Why so many mistakes? Why so much lost of time and money? This is due to the way we organize and manage information today. As a worker you have multiple sources of information: Revenue lost 12% Labor costs 20% Wrong informaVon usage 35% InformaVon search Vme 40% Wrong informaVon recipient 58% First you have the paper, organized and filled in big files or in storage boxes, with liYle informaVon for where exactly to find it. And when you are nearly to find it, you realize that the paper containing the informaVon you need is not there anymore, because someone else didn’t feel the need replacing the document where it should be filled. So, in our small example, the worker needs to find out who took the document, asking to give it back, and search for the informaVon he needs. But what if both of those workers need the same informaVon at the same Vme? We could extend this example to printed documents not on the printer or the fax anymore (irritaVng isn’t it?). What a waste of Vme. Second you have the phone calls (or any voice transfer of informaVon). It is easy to imaging that someone, important, calls you without asking you if he is disturbing you, to give you urgent informaVon. In this case you have two choice, either to leave everything to concentrate on the phone call and get the informaVon, taking a long Vme to get back on what you where doing when the call is finished, or the conVnue and not being concentrated and loosing some part of this urgent informaVon. And here what to do? Sending an email to the person asking for more informaVon about the call? Analyzing what you have got and trying to deduct the rest? No maYer what the choice is, they all lead to a high waste of Vme. Third you have the office documents, produced by all workers, someVme modifying the same document at the same Vme. What is the right informaVon, how to merge all those informaVon? Having mulVple versions of the same document? And managing different versions, how to be 100% sure that you will work on the right version? This o_en happens for meeVngs, where people come with different versions of the minutes of the same meeVng and therefore are talking about subjects having the wrong updates. In this case someone needs to go out of the meeVng, print mulVple copies of the right version of the minutes. And you can be preYy sure, that at this Vme, someone who needs to print of a 100 page document urgently uses the printer. What a waste of Vme. Fourth you have the internal records, coming out from the central database. The worker needs to prepare a purchase order for a customer. He finds mulVple entries for the same item, with the same descripVon, but labeled differently and much more important with different reference numbers. Which one to choose? Going back to his manager to ask for the right part number? Assuming that the one in stock is the right item? Again, due to an input mistake, the worker faces a dilemma leading to a waste of Vme. Fi_h, you have the long streams of data. The worker has to deal with thousands of excel lines and columns of raw informaVon. Trying to sort out and organize it in an usable form to be able to analyze the informaVon. And a_er 2 hours of hard work, Excel closes suddenly without any noVce. A_er the crash message, the worker restarts Excel and he just realized that the autoc save had not been enabled. Two hours lost, to which you can add the demoVvaVon of the worker.

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A short view of where information management stands and some tracks to enhance your productivity and your return on investments.

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Page 1: Swiss Data Bank - information management

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©!2014,!Swiss!Data!Bank,!the!first!data!management!bank!–!http://www.databakers.ch! ! Page%1%on%9!

Information*management,*or*the*true*story*of*everyday*mistakes.*%Data,%what%a%big%meaning% for%a% tiny%word.%The%word%«%data%»% is%used% for%almost%everything.%But%what% is%data%exactly?%According%to%Wikipedia,%data%is%«%an%abstract%concept%can%be%viewed%as%the%lowest%level%of%abstraction,%from%which% information%and% then%knowledge%are%derived.%».%So% it% is%a%piece% information%or%knowledge.% If%we%think% as% knowledge% as% information% assimilation% and% processes,% then% data% is% information.% Now% we% have%something%to%work%with:%Information.%In%a%perfect%business%world,%a%worker%would%use%the%right%information%at%the%right%time.%Unfortunately%it%is%not%always%the%case.%I%read%once%that%about%35%%of%the%managers%are%using,%at%least%once,%the%wrong%information%during%meetings.%Sound%enormous,%isn’t%it?%Let’s%have%some%more%percentages.%In%a%normal%working%day,%40%%of% the% time% is% spent% for% searching% the% right% information,%causing%12%%of% loss%of% revenue%and% increasing% labor%cost%by%20%1.%And%when%the%right%information%is%found%it%is%wrongly%distributed%in%58%%of%the%cases2.%%%

%But%why?%Why%so%many%mistakes?%Why%so%much%lost%of%time%and%money?%This%is%due%to%the%way%we%organize%and%manage%information%today.%As%a%worker%you%have%multiple%sources%of%information:%%%

%

Revenue%lost%12%%

Labor%costs%20%% Wrong%

informaVon%usage%

35%%InformaVon%search%Vme%

40%% Wrong%informaVon%recipient%

58%%

First%you%have%the%paper,%organized%and%filled%in%big%files%or%in%storage%boxes,%with%liYle%informaVon%for%where%exactly%to%find%it.%And%when%you%are%nearly%to%find%it,%you%realize%that%the%paper%containing%the%informaVon%you%need%is%not%there%anymore,%because%someone%else%didn’t%feel%the%need%replacing%the%document%where%it%should%be%filled.%So,%in%our%small%example,%the%worker%needs%to%find%out%who%took%the%document,%asking%to%give%it%back,%and%search%for%the%informaVon%he%needs.%But%what%if%both%of%those%workers%need%the%same%informaVon%at%the%same%Vme?%We%could%extend%this%example%to%printed%documents%not%on%the%printer%or%the%fax%anymore%(irritaVng%isn’t%it?).%What%a%waste%of%Vme.%

Second%you%have%the%phone%calls%(or%any%voice%transfer%of%informaVon).%It%is%easy%to%imaging%that%someone,%important,%calls%you%without%asking%you%if%he%is%disturbing%you,%to%give%you%urgent%informaVon.%In%this%case%you%have%two%choice,%either%to%leave%everything%to%concentrate%on%the%phone%call%and%get%the%informaVon,%taking%a%long%Vme%to%get%back%on%what%you%where%doing%when%the%call%is%finished,%or%the%conVnue%and%not%being%concentrated%and%loosing%some%part%of%this%urgent%informaVon.%And%here%what%to%do?%Sending%an%email%to%the%person%asking%for%more%informaVon%about%the%call?%Analyzing%what%you%have%got%and%trying%to%deduct%the%rest?%No%maYer%what%the%choice%is,%they%all%lead%to%a%high%waste%of%Vme.%

Third%you%have%the%office%documents,%produced%by%all%workers,%someVme%modifying%the%same%document%at%the%same%Vme.%What%is%the%right%informaVon,%how%to%merge%all%those%informaVon?%Having%mulVple%versions%of%the%same%document?%And%managing%different%versions,%how%to%be%100%%sure%that%you%will%work%on%the%right%version?%This%o_en%happens%for%meeVngs,%where%people%come%with%different%versions%of%the%minutes%of%the%same%meeVng%and%therefore%are%talking%about%subjects%having%the%wrong%updates.%In%this%case%someone%needs%to%go%out%of%the%meeVng,%print%mulVple%copies%of%the%right%version%of%the%minutes.%And%you%can%be%preYy%sure,%that%at%this%Vme,%someone%who%needs%to%print%of%a%100%page%document%urgently%uses%the%printer.%What%a%waste%of%Vme.%

Fourth%you%have%the%internal%records,%coming%out%from%the%central%database.%The%worker%needs%to%prepare%a%purchase%order%for%a%customer.%He%finds%mulVple%entries%for%the%same%item,%with%the%same%descripVon,%but%labeled%differently%and%much%more%important%with%different%%reference%numbers.%Which%one%to%choose?%Going%back%to%his%manager%to%ask%for%the%right%part%number?%Assuming%that%the%one%in%stock%is%the%right%item?%Again,%due%to%an%input%mistake,%the%worker%faces%a%dilemma%leading%to%a%waste%of%Vme.%

Fi_h,%you%have%the%long%streams%of%data.%The%worker%has%to%deal%with%thousands%of%excel%lines%and%columns%of%raw%informaVon.%Trying%to%sort%out%and%organize%it%in%an%usable%form%to%be%able%to%analyze%the%informaVon.%And%a_er%2%hours%of%hard%work,%Excel%closes%suddenly%without%any%noVce.%A_er%the%crash%message,%the%worker%restarts%Excel%and%he%just%realized%that%the%autocsave%had%not%been%enabled.%Two%hours%lost,%to%which%you%can%add%the%demoVvaVon%of%the%worker.%

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©!2014,!Swiss!Data!Bank,!the!first!data!management!bank!–!http://www.databakers.ch! ! Page%2%on%9!

%We% all% have% been% faced% to% those% cases%many% times.% This% is% due% to% the% way% we% organize% the% work% and% the%information.%Today%most%of%us%still%have%a%“work%on%paper”%culture.%And%we%work%like%that%since%human%being%discover%it%could%paint%on%walls.%This%overall%waste%of%time,%could%be%deeply%reduced%by%simples%tweaks,%in%the%paper%case%you%could%say%that%no%one% takes% a% document% out,% the% person% who% needs% a% document%makes% a% copy,% and% that’s% all,% no%more% lost%document.%You%could%log%your%phone%calls,%so%you%could%replay%them%to%be%sure%of%the%information.%This%is%called%information*management.%As%the%result%of%a%better% information%management,%you%increase%your%compliance,%your%security%and%your%revenues.%You%also%define%the%information%as%an%enterprise%asset%and%therefore%define%it%as%a%value.%Without%setting%up%the%right%information%management,%you%won’t%be%able%to%face%new%upcoming%information.%Social% medias% are% one% of% the% biggest% sources% of% external% information.% And% now% you% have% to% manage% this%information% as% well,% in% different% languages% by% the% way.% 43%% of% the% external% information% comes% from% social%medias.% In% manufacturing% 32%% of% the% information% comes% from% external% sources% (that% is% 1/3% of% the% overall%information%used,%that%is%a%lot).%%

%Information%source%per%sector3%

%IT*and*the*gap*to*information*management*

%At% the% beginning,% electronically% storing% all% the% information% was% a% big% concern,% as% storage% space% was% very%expensive.% Today% it% is% not% the% case% anymore.%According% to% a% recent% article,% the% cost%of% a%disk%holding% all% the%world%music%costs%less%than%600$%(60TB%in%WAV,%but%only%6TB%in%MP3).%Space%is%now%cheap%enough%to%hold%all%your%needed%information.%But%how%to%store%information?%How%to%store%the%80%%of%unstructured4%information%to%hard% disks?% We% all% started% with% two% types% of% storage:% Files% systems% (replacing% the% physical% cabinets)% and%databases.%Let’s% start%with%database.%Databases%hold%only%20%%of% the%overall% information% in%a% company5.%As%per%design,%their% hold% structured,% indexed% and% therefore% searchable% data% (so% called% records).% The% records% are% linked% to%others% on% a% structured% relationship.% Most% of% the% time% those% records% are% presented% to% the% worker% through%interfaces%and%some%transformation%might%be%applied%through%applications.%Everybody%accessing%the%database%have% exactly% the% same% information.% And,% when% updated,% a% record% has% a% lock% system% preventing% multiple%updates%at%the%same%time.%IT%guru%thought%it%would%be%the%future%of%storage.%But%what%happens% if% you%have% structured% information% (like%a% customer%address)% in%unstructured% information,%like% a% fax% letter.% You% could% store% it% “as% is”% in% a% database,% but% the% internal% mechanism% of% a% database% is% not%designed%to%find%data%in%unstructured%information.%Databases%need%index%and%relations%that%must%fit%all%records,%and%database%have%predefine%size% limitations.%So%unstructured% information% is%stored%on%file%systems.%With%file%systems%you%can%create%a%“file%structure”%so%called%directories%to%organize%your%information.%You%can%duplicate,%

0%% 10%% 20%% 30%% 40%% 50%% 60%% 70%% 80%% 90%% 100%%

Media%&%Entertainment%

Consumer%Goods%

Travel/Hospitality/Airlines%

Life%Sciences%

Retail%

UVliVes%

Energy%&%ressources%

Banking/Financial%Services%

Average%

Insurance%

Manufacturing%

TelecommunicaVons%

High%Tech%

Internal%sources% External%sources% From%Social%Media%

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©!2014,!Swiss!Data!Bank,!the!first!data!management!bank!–!http://www.databakers.ch! ! Page%3%on%9!

move,%delete,%restore%or%even%change%the%information%exactly%the%way%you%want.%That%is%pretty%cool%when%it%is%your%own%file%system.%But%you%are%not%the%only%one.%Working%on%the%same%documents%leads%in%errors%of%versions%(like% the% example% before).%Unwanted%move%or% deletion,%makes% it% difficult% to% find% the% files% and% therefore% the%information.%And%small%file%structures%make%you%search%in%thousands%of%files,%when%deep%file%structures%make%it%even%more%complicated%to%find%the%right%file.%Just%a%file%name%change%can%direct%to%data%loss.%More%than%34%%of%data%losses%in%a%company%are%due%to%a%human%factor,%when%only%6%%by%viruses%(that%where%potentially%brought%in%by%workers).%

%Common%cause%of%information%loss6%

%In% terms%of%data% losses,%do%you%know%that%a% recent% Intel%publication%mentions%that%recentering%20MB%of%data%takes%an%average%of%19%days,%that%the%cost%per%MB%is%around%8’000$%to%recreate%data%from%Scratch%and%60%%of%small%business%facing%a%total%information%loss%go%bankrupt%within%6%months7?%Sounds%crazy,%isn’t%it?%

%So% you% probably% asked% your% IT% gurus% to% secure% your% file% systems% and% databases% to% prevent% a%major% loss% of%information.%But%back%to%the%storage,%why%is%it%so%complicated%to%have%the%right%information%available?%I%can%imagine%that%at%the%beginning%of%IT%when%the%storage%was%expensive%and%with%tiny%capacities,%it%was%a%great%solution.%We%had%to%determine% which% information% should% be% stored% on% those% storages.% But% storage% is% like% email,% long% time% ago%(about% 20% years),% enterprise% emails%were% complicated,% so% people%where% focusing% on% the% real% information% to%transfer.%As%emails%became%far%more%easy,%we%all%started%to%receive%a%lot%of%mail,%drowning%the%vital%information%in% a% sea% of% useless,% uninteresting% flow% of% information.% Data% storage% had% the% same% revolution,% were% vital%information%is%stored%next%to%the%funny%cat%picture%just%downloaded%from%Facebook.%But%why%IT%people%don’t%find%out%new%solutions?%Why%is%it%so%complicated%to%have%the%right%information%at%the%right%time?%I%personally%think%that%it%is%historical,%when%IT%people%first%appeared%in%companies,%working%in%their%ivory%towers%far%far%away%from%the%business%considerations%and%dictated%the%business%on%how%they%should%work.%We%tried,%without%a%lot%of%success,%to%create%a%new%kind%of%internal%position%call%Business%Analyst.%Their%job%is%to%understand%the%business%needs%and%translate% it%to%an%IT% language.% It%seems%that%the%IT% language%is%so%difficult%that%we%need%translators.%When%you%go%to%the%doctor%or%to%your%mechanic,%do%you%have%a%translator%with%you?%No%I%am%sure%not.%They%do%the%effort%to%understand%what%your%needs%are%and%they%explain%to%you%what%they%do%in%an%understandable% language% (anyway% they% try).%So%what% is% so%different%with% the% IT%guys?%Sometimes%math%teachers%are%more%understandable.%

Mechanical*Failure,*42%*

Human*Error,*34%*

SoCware*Failure,*15%*

Viruses,*6%*Natural*

Disaster,*3%*

Number%of%days%to%recenter%

20MB%

19% dollars,%the%cost%to%recreate%1MB%from%scratch%

8000% %%of%small%business%going%bankrupt%within%

6%months%

60%

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©!2014,!Swiss!Data!Bank,!the!first!data!management!bank!–!http://www.databakers.ch! ! Page%4%on%9!

While%writing%this%article,%an%example%comes%to%my%mind:%A%manager%was%asking%the%IT%department%for%a%new%server%with%a%SQL%database%for%a%special%project%(a%small%one).%His%target%was%to%setup%the%Database%to%compute%some%results%and%when%finished%the%server%could%be%recycled;%it%should%not%take%more%than%10%days.%After%filling%the%request%form,%detailing%the%reasons,%the%needs%and%the%approvals,%the%IT%department%took%about%2%days%to%answer%that%it%would%take%4%days%to%setup%the%server%and%the%DB%and%gave%the%costs%(about%5’000$).%So%far,%already%6%days%elapsed%before%the%business%project%can%start.%The%manager%took%his%laptop%at%home%and%went%to%a%famous%cloud%service.%It%took%him%less%than%1%hour%to%get%his%Database%setup%for%less%than%100%bucks%for%a%month%of%usage.%And%this%without%loosing%the%time%of%filling%the%internal%order%form%and%justifying%the%needs.%What%else?%In%general,%IT%people%are%not%used%to%information%management%and%business%concern.%And%now%we%have%to%deal%with%internal%information%and%external%information.%%By%the%way%we%didn’t%talk%about%applications%and%interfaces%(how%the%information%is%presented%to%the%worker).%You%have%3%kinds%of%applications:%%

%%

The% third% type% of% application% is% interesting% in% illustrating% the% gap% between% IT% and% information%management.%Most%of%the%time%this%kind%of%application%is%first%chosen%from%a%feeling%(and%certainly%not%for%a%business%need,%this%consideration%comes%much%later).%It%almost%always%starts%with%the%same%scenario,%the%CEO%or%any%CxO%hear%something%from%a%friend%or%a%relative.%This%application%is%really%great%you%should%implement%it%for%your%business,%…%blablabla…%Then%he%goes%to%the%CIO%to%see%how%to%implement%the%application%within%the%organization%(we%still%haven’t%business%needs%defined%yet).%The%CIO%and%the%CFO%will%work%on%an%estimated%budget%(mostly%wrong).%And% when% accepted,% the% CIO% takes% the% lead% initiate% the% project,% implies% his% teams.% And% after% a% while% start%focusing%on%business%needs.%Even%if%the%application%is%great,%even%if%it%can%bring%better%tools%that%may%concern%information.%Without%information%the%business%is%unable%to%perform%its%job.%Business%should%define%the%needs%and% lead% the%project,%no?%Due% the%actual%approach,% some%of% such%project% I’ve% seen% took%more% than%10%years%with%huge%teams%to%tweak%the%application.%Some%applications%are%so%complicated%to%upgrade%or%change,%that%it%becomes%easier%to%deal%with%those%legacy%systems%by%adding%multiple%layers%on%top%of%them.%%%

But*the*sun*returns*%Last% day% I% was% thinking% about% information% management,% and% I% came% into% the% conclusion% that% information%management%is%a%question%of%culture%and%feeling.%Let’s%explain%myself.%If%you%take%a%teenager,%I%can%still%find%his%courses%in%the%mess%he%left%in%his%bedroom.%When%the%parents%have%a%clean,%wellcorganized%house.%On%is%a%pro%of%search% and% the% other% is% a% pro% of% organization.% Two% different% cultures% of% information.% Let’s% take% another%example;%a%Pakistanis%worker%will%need%wellcdefined,%structured%information,%while%a%French%worker%can%do%his%job% with% just% some% peace% of% the% same% information.% Two% different% cultures% of% information.% % By% applying%corporate%information%governance,%through%storage%and%applications,%some%of%the%workers%are%more%efficient,%but%other%are%much%less%efficient.%%IT% departments% know% about% the% GAP,% and% they% tried% to% reorganize.% First% by% trying% different% hierarchical%structures,% like% being% under% CFO% or% COO.% Then% by% trying% to% apply% standard% governance,% workflows% and%processes% coming% from% well% known% frameworks.% Finally% they% changed% the% project% management% process% by%using% different% methodologies.% But% all% those%modifications% didn’t% permit% a% real% deep% change% in% information%management.%The%GAP%is%still%here.%By%the%way%adding%frameworks,%processes,%governance%and%workflows%leads%in%leak%of%imagination.%%

The%first%one%is%used%because%it%is%the%internaVonal%standard%so%to%be%compeVVve%and%to%do%the%same%as%everybody,%you%use%it.%

The%second%is%used%at%maximum%of%%20%%of%what%the%applicaVon%is%able%to%do.%But%you%pay%the%100%%of%the%opVons.%

The%third%is%the%complicated%one.%The%applicaVon%needs%so%much%modificaVons%to%fulfill%the%worker%needs%that%the%license%costs%are%much%more%lower%than%the%IT%project%team%to%tweak%the%applicaVon.%And%even%a_er%years%the%worker%sVll%cannot%use%it%correctly.%

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©!2014,!Swiss!Data!Bank,!the!first!data!management!bank!–!http://www.databakers.ch! ! Page%5%on%9!

Imagination% leads% to% innovation%and% improvements% focused%on%business%needs.% Imagination%should%be% in% the%center%of%all%information%management%solutions%and%not%just%ideas.%%We%need%imagination%in%order%to%organize%solutions% for%managing% so%many% sources% of% information% and% so%many% format% of% the% same% information.% The%world% is% not% black% or% white,% or% 0% or% 1,% so% why% should% information%management% be% the% same,% only% storage%should.%%We% already% saw% that% data%management%must% be% defined% by% the% business.% And% IT% language%must% change% to%match%the%business.%To%handle%the%changes%we%can%see%3%new%talents%(according%to%a%MGI%report)8:%%

%%Some%organizations%already%work%organized%like%that;%think%of%Nuclear%research%or%Space%agencies.%

%

%Information%management%framework%(or%how%it%should%be)%

%Some%technology%innovations%also%develop%slowly.%Did%you%ever%heard%of%Object%Oriented%File%System?%No.%It%is%a%sort%of%file%system%with%the%ability%to%add%information%criteria,%like%the%database%index%(so%called%metacdata).%Mostly% all% of% those% systems% use% a% database% for% the%metacdata% and% a% linked% file% system% for% the% information%storage.% Search% engines% and% Document% management% systems% are% also% technologies% used% in% information%management.%But%as%always%before%using%those%useful%tools,%it%is%first%a%human%question%and%of%how%to%work.%Information% security% and% governance,% as% well% as% information% quality,% must% be% defined% by% the% business.%Technology%support%must%take%care%of%the%information%integrity.%%All%those%effort%will%permit%to%definitely%define%the%information%as%an%asset.%And%by%having%assets%you%raise%your%overall%value.%You%will%be%able%to%cut%down%your%costs,%being%more%competitive,%more%reactive,%and%even%being%able%to%predict%the%future.%%According%multiple% reports% from%Ventana% Research% and% Channel% Insider,% by%managing% the% information% in% an%innovative%way,%the%Return%on%Investment%is%very%high.%You%can%cut%your%costs%by%56%%while%increase%the%speed%of%analysis%by%70%%and%produce%more%accurate%results%by%61%%or%even%enhance%decision%making%by%80%.%

Technology*support**

• Providing%the%support%of%the%informaVon.%Working%for%(and%not%against%anymore)%the%business.%

Deep*analyLcal**

• Performing%staVsVcal%analysis,%being%able%to%handle%large%amount%of%informaVon%to%derive%business%insights.%

InformaLon*manager**

• Being%able%to%analyze,%interprete%and%challenge%the%results,%and%take%the%right%decisions.%

Deep%analisys% InformaVon%management%

IndexaVon% Analisys%

Raw%

Data%

%Storage%

*%PresantaVon%*%ReporVng%*%Connex%content%*%Alerts%*%PredicVons%

Technologies%support%

InformaVon%needed%Source%needed%

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©!2014,!Swiss!Data!Bank,!the!first!data!management!bank!–!http://www.databakers.ch! ! Page%6%on%9!

%Benefits%of%information%management9%

%Data*as*an*Asset,*Value*of*information*

%Defining%information%as%an%asset%permits%to%manage%it%like%any%assets%managed%by%a%bank.%So%we%were%be%able%to%manage%information%the%same%way%as%a%bank%manage%your%assets.%And,%as%any%asset,%information%will%have%therefor%a%value.%To%be%able%to%define%the%value%we%use%the%math%formula:%%

!"#$%!!"#$!"##$%!!"#$ ≈

!"#$%!"#$ !*

%To% first% understand% the% value% of% information,% it% is% preferable% to%walk% thru% a%wellcknown% example,% and%what%better%example%than%you%personal%information.%What%is%the%value%of%your%credit%card%information,%or%your%email%history?%According% to%a%2011%survey%done%by%Aricent%and%Frog%design,%your%biggest%asset%value% is%your% social%security% number% or% your% government% ID% at% $240.00% per% year% and% the% lowers% value% is% your% demographic%information%at%$3.00%per%year.%And%the%overall%value%of%your%personal%information%is%$674.20%per%year.%%

BeYer%factcbased%decision%making%

Retain%and%analyze%more%informaVon%

Disover%new%correlaVons%and%paYerns%

Redue%risk%

Increase%the%speed%of%analysis%

New%product%innovaVon%

Customer%experience%improvement%

Produce%more%accurate%results%

Reduce%unusefull%processes%

Cost%saving%

80%%

74%%

74%%

70%%

70%%

66%%

66%%

64%%

59%%

56%%

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%Personal%data%value10%

%Now%we%are%convinced%that%information%as%a%value%and%by%being%managed%as%an%asset,%we%can%easily%calculate%this%value.%As%we%saw%all%information%doesn’t%have%the%same%value.%For%instance,%government%and%financial%information%as%a%very%high%value,%when%construction%or%administrative%services%are%much%lower.%%

!Information%value%vs%Risk11%

Social%security%number%/%government%ID%

Credit%card%informaVon%

Digital%communicaVon%history%(chat%logs,%text%messages,%

Web%search%history%

Physical%locaVon%history%(phone%or%car%GPS)%

Web%browsing%history%

Health%history%(medical%records,%diet,%health%rouVnes)%

Online%adverVsing%click%history%

Online%purshasing%history%

Social%profil%(hobbies,%interests,%religions%and%poliVcal%

Contact%informaVon%(phone%number,%email,%mailing%

Demographic%informaVon%

%$240.00%%

%$150.00%%

%$59.00%%

%$57.00%%

%$55.00%%

%$52.00%%

%$38.00%%

%$5.70%%

%$5.70%%

%$4.60%%

%$4.20%%

%$3.00%%

USD/year%

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©!2014,!Swiss!Data!Bank,!the!first!data!management!bank!–!http://www.databakers.ch! ! Page%8%on%9!

!In%order%to%calculate%the%value%of%an%information%asset%we%have%to%consider%two%other%variables:%the%source%and%the%time.%The%source%will%determine%the%truth%level%of%the%information.%Even%if%trust% is%a%subjective%feeling,%we%all%know%that%some%sources%of%information%don’t%verify%it%before%publishing%it.%For%this%variable%he%mitigation%factor%is%the%risk%management.%The%question%is%not%shall%you%trust%the%information%or%not,%but%what%level%of%trust%should%you%give%to%the%information%and%if%wrong%are%you%able%to%sustain%the%potential%risks.%The%time%will%determine%the%value%over%time.%This%is%managed%by%the%information%lifecycle.%In%this%case%you%have%to%manage% retention% time%of% information% and% the% value%over% time.%As% an% example% a% bank% transfer% as% a% high%retention% time%but% the% high% value% of% the% information% is% short% in% time% counter% the% log% of% transactions%whose%value%increase%with%time.%%%

So*in*summary*%We%have%seen,%that%there%is%a%lot%of%time%wasted%due%to%the%mismanagement%of%information.%We%also%seen,%that%due%to%the%GAP%of%understanding%between%IT%and%business%information%management%is%not%accurate%and%lead%to%potential%lost%or%misusage.%We%have%explored%some%clue%to%enhance% information%management,%by%defining%new%roles%or% talents%and%the%value%added%return%on%investment%of%information%management.%Finally%by%defining%information%as%an%asset,%we%saw%what%is%the%value%of%the%managed%information.%And%finally%when%you%ask%manager%if%they%see%a%benefit%to%redefine%information%management,%you%see%that%85%%of%them%answer%yes12.%And%you?%

%%And%now,%welcome*to*the*digital*world*of*information.%!!!!About*the*author*Nicolas%Lecocq,%creator%of%Swiss!Data!Bank,!the!first!data!management!bank,%is%a%visionary%with%demonstrated%success%for%over%20%years%in%creating%robust%information%management%architectures%and%infrastructures.%He%is%an%expert%in%strategic%direction%to%senior%management%in% information% technologies.%His% skills% in%developing% strategic%plans% for% implementations% in% the% information%management%world%are%well%known.%

% %

7%% 8%%

85%%

InformaLon*management*benefits*

Not%sure%

No%

Yes%

Page 9: Swiss Data Bank - information management

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©!2014,!Swiss!Data!Bank,!the!first!data!management!bank!–!http://www.databakers.ch! ! Page%9%on%9!

A%great%thanks%to%IBM,%TATA%Consultancy,%Gartner%group,%Intel%Corporation,%McKinsey,%and%all%others%for%the%great%reports%and%documentation.%Raymond%Félix,%Pascal%Simonetto,%Mario%Simoes,%Renatto%Lanzetti,%Pascal%Kotté,%Michael%Morris,%Dimitri%Tsiolis,%Nathalie%VogtcLecocq%for%their%support,%inputs%and%reviews.%

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1%% 4Office%automation,%Affordable%Document%Scanning%and%Imaging%Solutions,%http://www.4office.ca/smartcsolutions/documentcmanagementcsolutionsc2/%% Gartner,(report(on(Electronic(Management%2%% Go%Anywhere,%Managed%File%Transfer%101:%What’s%in%it%for%me?,%http://blog.goanywheremft.com/2014/07/08/mft101cwebinarcsummary/%3%% IBM,%The%Big%Data%&%Analytics%Hub,%http://www.ibmbigdatahub.com/infographic/wherecdoescbigcdataccome%% TATA%Consultancy%services,%http://sites.tcs.com/bigcdatacstudy/tag/unstructuredcdata/%4%% IBM,%Innovate%with%new%analytics%tools%and%technologies,%http://www.ibm.com/analytics/hk/en/whatciscsmartercanalytics/innovatecwithcanalyticsctools.html%5%% IBM,%Innovate%with%new%analytics%tools%and%technologies,%http://www.ibm.com/analytics/hk/en/whatciscsmartercanalytics/innovatecwithcanalyticsctools.html%6%% BACKUPSilo,%Online%Backup,%http://www.backupsilo.com/services.php?Backupc1%7%% Data%Bits,%The%Cost%Of%Data%Loss%&%How%To%Avoid%It,%http://www.databitsnews.com/theccostcofcdataclosschowctocavoidcit/%% Intel%corporation,%White%paper,%http://www.intel.com/content/dam/doc/whitecpaper%8%% McKinsey%&%Company,%Big%data:%The%next%frontier%for%innovation,%competition,%and%productivity,%http://www.mckinsey.com/insights/business_technology/big_data_the_next_frontier_for_innovation%9%% Ventana%Research,%Big%Data%is%Broken%Without%Integration,%http://marksmith.ventanaresearch.com/2013/02/22/bigcdataciscbrokencwithoutcintegration/%% [ci]channelinsider,%Big%Data%Means%Big%Prospects%for%the%Channel,%http://www.channelinsider.com/storage/slideshows/bigcdatacmeanscbigcprospectscforcthecchannel.html%%10%% Aricent%and%Frog%Design,%Smart%Home%Opportunity:%Balancing%Customer%Data%and%Privacy%% More%With%Mobile,%http://www.morecwithcmobile.com/2013/06/pricescandcvaluecofcconsumercdata.html%11%% McKinsey(Global(Institute,(report(on(Big(Data(( MBA(Skool,(BIG%DATA%BIGGER%OPPORTUNITIES,%http://www.mbaskool.com/businesscarticles/operations/1206cbigcdatacbiggercopportunities.html%12!! ZDNet,%Unstructured%data:%Challenge%or%asset?,%http://www.zdnet.com/news/unstructuredcdatacchallengecorcasset/6356681%