Data and Information Management Systems are the New Oil

By: | August 11th, 2017

geralt / Pixabay

The most valuable companies in the world today: Facebook, Apple, Amazon, Netflix, Google–a group of companies sometimes referred to as FAANGS–and the like have one thing in common: They are exceptionally good at collecting data on people and analyzing it. This may be one of the reasons for recent highs in the stock market, led almost entirely by companies like these that know how to leverage information.

Today all information systems and data must be seen from the the viewpoint of business and management in order to be as valuable and useful as possible to a company or organization. Organizations like the state police in the U.S. are using social media not only to help the public get to know them but to do a better job finding and catching criminals. This means police must not only be well versed in criminal justice but also in IT, social media technologies, and data analytics.

Some of the hottest topics in information systems management today include IT security, mobile computing, and social networking. In this new age of information, which is just getting started, businesses have gone online and new forms of business intelligence and analysis have been created to improve on every element of business.

The collection and dissemination of data has made databases, computer networks and IT systems the most important parts of a company or organization.

Interfacing with Data Providers Outside the Organization

Global geographic information systems (GIS), for example, have led to the emergence of LIDAR technology and an increase in spatial data stored in the cloud. Organizations must use data resources of this kind and integrate them into their IT systems in order to provide better products and services to customers.

The following video is an overview of the Information Systems Management bachelor’s degree program at IE University in Madrid. It includes a discussion of the knowledge and skills needed to work in today’s rapidly changing IT technology environment.

David Russell Schilling

David enjoys research and writing about cutting edge technologies that hold the promise of improving conditions for all life on planet earth.

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