Enterprise Information Management (EIM)

Hi friends
In the next few posts, we shall learn more about Enterprise Information Management (EIM). Today we shall introduce the idea of EIM and define it briefly.

The subject has three important aspects to it.

1. Enterprise
2. Information
3. Management

Let me define what each of these terms mean.

Enterprise:

The word ‘Enterprise‘ can be defined in various ways.
Oxford dictionary defines Enterprise as

1. a project or undertaking, especially a bold one
2. Bold resourcefulness
3. A company or business

Business Dictionary defines Enterprise as
“Entire business group or corporation comprising of all local and international main and sub offices, divisions, subsidiaries, and departments”

Information:
The word ‘Information‘ can be defined in various ways.
Oxford dictionary defines Information as

1. Facts of knowledge provided or learned
2. what is conveyed or represented by a particular sequence of symbols, impulses, etc

Business Dictionary defines Information as
“Raw data that

1. has been verified to be accurate and timely,
2. is specific and organized for a purpose,
3. is presented within a context that gives it meaning and relevance, and
4. which leads to increase in understanding and decrease in uncertainty.

The value of information lies solely in its ability to affect a behaviour, decision, or outcome. A piece of information is considered valueless if, after receiving it, things remain unchanged.

Management:
The word ‘Management‘ can be defined in various ways.
Oxford dictionary defines Management as

1. the process of managing

Business Dictionary defines Management as

“Organization and coordination of the activities of an enterprise in accordance with certain policies and in achievement of clearly defined objectives.
Management is often included as a factor of production along with machines, materials, and money. According to the management guru Peter F. Drucker (1909-2005), the basic task of a management is twofold: marketing and innovation.
Practice of modern management owes its origin to the 16th century enquiry into low-efficiency and failures of certain enterprises, conducted by the English statesman Sir Thomas More (1478-1535). ”

Enterprise information management (EIM):
EIM is the name for the field that combines business intelligence (BI) and enterprise content management (ECM). Enterprise information management (EIM) takes these two approaches to managing information one step further, in that it approaches the information management discussion from an enterprise perspective. Where BI and ECM respectively manage structured and unstructured information, EIM does not make this rather “technical” distinction. It approaches the management of information from the perspective of enterprise information strategy, based on the needs of information workers. ECM and BI in a sense choose adenominationalised approach, since they only cover part of the information within an organization. This results in a lack of available information during decision makingprocesses, market analysis or procedure definition.

I hope that was useful. Please do write your comments about this post.

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