Information management is the practice of collecting, managing and distributing information. Data can be acquired from a wide range of sources, and can come in a variety of formats. Then it must be stored securely in an organized and structured way that both meets relevant regulations and policies and ensures it is accessible to authorized employees. Strong information governance is essential to effective information management.
Accordingly, more and more businesses are looking to transition from information management to knowledge management systems. But what exactly are the differences between knowledge management and information management? Are there any concepts and terms from information management that you can use to help your organization implement knowledge management effectively?
Data — no matter how secure and organizations — proves its worth only when it’s used to deliver value to the business. In other words, the bits and bytes must be turned into information in order to be useful intellectual capital. Enter knowledge management: the process of capturing, distributing and effectively using knowledge.
This definition might make knowledge management sound a lot like information management, but in this context, the word “knowledge” means a processed form of information that goes beyond merely extracting facts from collected data. Knowledge discovery focuses on the application of information: Knowledge creation is what happens when people refine information into something useful.
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