View from the Top by Dr. Stefan Wess, CEO
Welcome to the Age of “Big Data”
Smart Information Management represents comprehensive creation, management, analysis, intelligent processing and provision of all information relevant to a company’s business processes, regardless of source, format, user, location or device.
Contents created and managed in a component content management system are uniquely combined with mined and generated knowledge about products, customers, their profiles, suppliers, and much, much more, in a knowledge management system to deliver intelligent, smart information and unparalleled added value. This enables organizations to optimize business-critical processes, to obtain founded decisions in extremely flexible and dynamic markets, and to better understand and recognize emerging developments and issues, in order to be able to react correctly and in time. In the day and age of “Big Data”, companies and executives face two very big challenges:
- Quality Challenge: to deliver THE precise information required
- Quantity Challenge: to analyze a large amount of information in real time
The apparent divergence of these two goals results from the fact that, to date, substantial IT resources were needed to ensure for high-quality (semantic) analysis and indexing of large quantities of data. Data mining and traditional business intelligence systems have been processing large amounts of structured data for quite some time now, such as data appearing in ERP sys-tems and databases. However, in the field of unstructured data, Smart Information Management is taking on a new pivotal role as a crossover technology. It facilitates the high-quality analysis of large quantities of unstructured data and the intelligent proc-essing of information in a way that is easy on resources while also making the information useful for relevant business processes.
Businesses and organizations benefit considerably from higher-quality results and smarter decisions derived from larger quantities of pooled data - and at lower costs.
Empolis Information Management GmbH