11 Incredible Information Management Trends in 2024

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Written By Haisam Abdel Malak
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Information management trends continue to shape the foundation of how organizations navigate, utilize, and safeguard their data assets. In today’s rapidly evolving digital landscape, staying abreast of the latest advancements and shifts in information management is not just a strategic advantage but a necessity for sustainable growth and competitiveness.

These trends help organizations keep track of the latest changes in technology and business methods. This allows them to keep their IM strategy up to date and improve their efficiency. Additionally, they can help organizations identify new opportunities for improving their business processes.

Information-Management-Trends

The key information management trends are:

Trend #1. Increased Focus on Quality

Organizations recognize that the value of data is directly linked to its quality, and as such, they are increasingly investing in methodologies that enhance the accuracy and reliability of their different types of information assets. This trend is closely aligned with information management best practices, emphasizing the need for robust data governance frameworks, standardized metadata, and effective data quality management processes.

Businesses must only collect high-quality information and properly preserve it in order for it to be evaluated later and provide insights to drive business decisions and efficiency.

Collecting poor quality information will increase storage costs, maintenance, increased challenges, and above all drive wrong business decisions.

Trend #2. Greater Adoption of Governance

With the escalating volume and complexity of data, businesses are realizing the necessity of establishing comprehensive policies and procedures to improve data quality, integrity, and compliance. Information governance goes beyond mere data management; it encompasses a holistic approach that addresses legal, regulatory, and organizational requirements.

As data breaches and privacy concerns continue to make headlines, organizations are compelled to enhance their governance practices to mitigate risks and safeguard sensitive information.

Embracing this trend reflects a proactive response to the evolving landscape where a well-defined and executed governance strategy becomes instrumental in unlocking the full potential of data.

Trend #3. Wide Usage of Artificial Intelligence

The widespread adoption of artificial intelligence (AI) has become a vital trend in information management because of its ability to transform the way organizations handle and derive value from their data.

AI’s integration into related processes allows for enhanced data analytics, complete management of information lifecycle, automation of routine tasks, and the extraction of valuable insights from large datasets.

Machine learning algorithms, a subset of AI, enable systems to learn and adapt without explicit programming, making them particularly powerful for identifying patterns and trends in data.

This will surely empower organizations to harness the full potential of their data assets and gain a competitive edge in an increasingly data-driven world.

Trend #4- More Use of Analytics

Leveraging BI tools and techniques allows businesses to extract valuable information from vast datasets, enabling them to identify patterns, trends, and correlations that might otherwise remain hidden. By embracing analytics as a core component of IM, organizations can derive actionable intelligence, optimize operational processes, and make informed strategic decisions.

The benefits of IM, such as improved data quality, streamlined workflows, and enhanced collaboration, are further amplified through the more extensive use of analytics as it empowers organizations to respond swiftly to market changes, customer demands, and emerging opportunities.

Trend #5. Federated Search

Many companies store and manage their information using more than one information management system. This adds needless steps for employees looking for information to carry out a specific business task.

Federated search enables enterprises to overcome silos by searching for information using a single location and receiving results regardless of their original location.

This reduces the number of time employees spend looking for information, increasing productivity and efficiency.

Trend #6. Automate Business Processes

Automation of business processes is critical for businesses that want to be agile and prosper in the digital age. The recent COVID19 pandemic has highlighted the need for digitalization among enterprises.

Organizations that rely on papers and paper-based processes were unable to do business as usual during the lockout.

The adoption of business process automation solutions to create a more efficient and effective work environment is one of the top information management trends we see presently in enterprises of all sizes.

Trend #7. Leverage RPA Technologies

RPA software robots are used to automate manual repetitive operations that employees spend the majority of their time doing.

These robots can replicate employees’ actions and execute them without human intervention, enhancing efficiency and completing tasks more quickly.

Trend #8. Embrace Cloud Deployments

Cloud storage is important for information management because it allows businesses to store their information off-site and access it from anywhere. Additionally, cloud storage is scalable and can be easily expanded as businesses grow.

Whenever practical, your organization should begin shifting its content to the cloud to enable instant access to information without incurring the additional costs of IT gear, software, and infrastructure.

Gartner expects that by 2027, more than 70% of enterprises will use industry cloud platforms to accelerate their business initiatives, up from less than 15% in 2023.

Trend #9. Increased Integration with Other Systems

Most organizations rely on a variety of systems to do business. In order to have an efficient information management program, there should be a wide range of integrations available to allow all systems to obtain information without the need for human intervention.

Integrations can help boost productivity and collaboration among employees from different departments or with outside organizations.

Trend #10. Overcome Information Silos

Information silos refer to the isolated storage of information within an organization. When information is not shared across departments or business units, it leads to inefficiencies and can result in duplicate work. In worst-case scenarios, it can lead to business failures.

Information silos are a problem that can be solved with AI. This is because AI has the capability to aggregate information from different sources, and then present it in a coherent manner.

Trend #11. Fast Accessibility

Fast accessibility has emerged as a one of the top information management trends due to the growing need for instant access to relevant data. The ability to retrieve, process, and utilize data quickly is critical for informed decision-making and maintaining a competitive edge.

Whether it’s for real-time decision support, customer service interactions, or operational efficiency, fast accessibility ensures that stakeholders can retrieve data rapidly, enabling them to respond promptly to changing circumstances and capitalize on opportunities as they arise.

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