Enterprise Information Management: Vision Of Success Article

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Enterprise Information Management: Vision of Success

Enterprise information management (EIM) is the name for the field that combines business intelligence (BI) and enterprise content management (ECM) based on the needs of information workers.

Author: Amarpreet97

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EIM takes these two approaches to managing information one step further, in that it approaches the information management discussion from an enterprise perspective. EIM approaches the management of information from the perspective of enterprise information strategy, based on the needs of information workers.

The Components of EIM
The goal is management of information, data and content to meet the needs of the business. The entire framework of EIM has to exist in a business environment. The unique intersection of the business environment and your organization will determine how business is accomplished. EIM in a small company or in a developing nation is not going to require the same makeup as EIM in a highly regulated and/or advanced corporation. Hard economic times will necessitate different component interaction than good economic times.

But in general, the key components a business-person must pay attention to for success are the Business model of the company, the information and its lifecycle, applications of the various technologies, organizational changes and its compliance, culture of the company and guidelines and policies for its governance. The EIM manages all enterprise content, including reports, forms, memos, catalogs, Web pages, databases and spreadsheets. Hence, there are many components to EIM that must interact with each other. EIM requires a commitment to doing things differently as far as data and content is concerned.

Approaches
The current market demonstrates two clear and distinct approaches to EIM. The first one is where a separate disclosure layer is put over the sub-solutions ECM and BI. The rise of Microsoft Sharepoint 2007 with the information worker paradigm has caused an acceleration of the acceptance of these kinds of solutions.

The other approach is found in large platform vendors that offer integrated solutions for both BI and ECM. The market shows signs of these platform vendors moving in this direction, but reality is that although vendors like IBM, Oracle Corporation, Microsoft, SAP AG and EMC are making progress, they still have a long way to go.
Gartner is one of the analyst firms paying specific attention to EIM and the progress vendors are making in this field.

An EIM Vision of Success
Regulatory drivers are well known as shapers of information and data policy, but many organizations still treat regulations as an afterthought. The benefit of EIM in terms of compliance comes from:
• Being compliant at a reasonable cost.
• Being flexible in the event that a regulator knocks on the door demanding full data lineage of your financial reports.
• Focusing on business affairs instead of regulatory matters.

Recent Market efforts

Hewlett Packard
Last month, HP Business Intelligence Solutions unit has unveiled deeper MDM, Information Quality and Information Governance services that expand on the data integration and BI consulting practice HP gained with the late 2006 acquisition of Knightsbridge. According to the company it is an ideal position to offer impartial advice and implementation services around a cohesive MDM, data quality and data governance strategy.

iWay Software
iWay Software announced the new iWay Enterprise Information Management (EIM) Suite, which includes iWay's new Data Quality Center (DQC) and Master Data Center (MDC) products. Designed to provide complete business visibility with speed and accuracy, the suite is claimed to lower the total cost of information management by addressing enterprise information needs in a single platform with reusable services.

IBM
IBM, Enterprise Information Management Inc, Evergreen Energy Inc subsidiary C-Lock Technology Inc and Foxconn/Hon Hai Technology Group, declared on 4 March, 2009 that they have signed a global agreement to jointly deliver and deploy GreenCert, the world's first enterprise content management system that can accurately calculate and certify the amount of greenhouse gas emissions produced by a facility, in the Asia Pacific region. It will promote energy saving, carbon reduction and other green energy opportunities.

Infosys and Microsoft Share Vision for Effective EIM
In 2006, Microsoft outlined a broad vision for enabling seamless access to people and information as well as upcoming solutions to help employees find, use and share information more quickly, easily and securely. To help make this vision become reality, Microsoft is depending on partners such as Infosys Technologies Limited, one of Microsoft’s global Systems Integration alliance partners.

Many organizations can start with EIM and have no incremental increase in spending. Therefore, all organizations can generate a huge ROI from EIM. Organizations with knowledge workers worldwide need accurate head counts and an understanding of employee’s expertise and competencies to properly match people, roles and tasks.

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Enterprise Information Management: Vision of Success