Let’s begin with the basics.
What is information management? It’s the collection, arrangement, organization, interpretation, and manipulation of data.
Why do we need information management?
Raw data makes sense to the person only when it becomes information. Information is a significant asset for every business organization. Therefore, each company needs people to analyze the data they’ve obtained and utilize it to enhance commercial productivity. Let’s how you benefit an organization with MSIM.
THE GOALS OF MSIM PROGRAMS
The Master of Science in Information Management (MSIM) degree program creates leaders for the future. In the business realm, IM professionals contribute to the advancement of commercial success. A company’s marketing decisions rely on information collected and managed by IM experts. They ensure that the company’s business procedures run smoothly with full efficiency and integrity. Let’s review some significant objectives of online MSIM programs:
- MSIM courses train students to be capable of addressing information needs in companies. These students use their skills to manage information assets.
- These programs help create professionals who can establish information policies for different organizations. They also contribute to the development of information systems and services.
- These degree programs prepare experts to fill the gaps between the technical staff and the non-technical personnel in a company. They provide leadership qualities required for such intermediary positions.
THE IMPORTANCE OF MSIM
Information dictates an organization’s operations, plans, policies, and business strategies. Therefore, an efficient IM expert is necessary to improve its efficiency and gain a competitive advantage. The Master of Information Management enables students to function successfully in a company and contribute to its productivity. Here are some vital responsibilities an IM professional performs for the organization:
- Studying information management enables you to administer the lifecycle of your company’s financial activities. You protect the organization’s vital and sensitive data while sharing important info with cooperative agencies. You also get support for necessary initiatives.
- In research work, MSIM allows you to identify which information is available and how to access it. Information management studies bolster an individual’s decision-making, problem-solving, and risk-taking abilities. With these soft skills, he/she can hope to produce better results.
- As organizations obtain information from their customers, customers’ consent is essential here, so is their privacy. Any data breach endangers people’s private info. Such data leakages can render a company susceptible to thousands of dollars fine and possible restrictions. Here, IM experts ensure that their employers are complying with the government-enforced regulations in this case. Moreover, they uphold their company’s security and transparency.
CAREER OPTIONS WITH MSIM
A 2019 survey asked employees regarding their most common information management challenges. More than 40% stated that files were either labeled incorrectly or saved in the wrong folder. Some 80% of companies are planning for a digital transformation in the future. Half of them expect to implement document automation. Hence, A graduate in information management can hope to find career opportunities in multiple departments, including but not limited to:
- Data Analytics Manager: They manage a team of data analytics in an organization. Not only do they interview to employ people, but they also oversee the functioning of the entire department. A manager makes an average sum of $50,000 annually.
- Metadata Analyst: Metadata is data about data. Analysts maintain, organize, and update metadata. They collaborate with their IT counterparts and leverage metadata to enhance marketability. The yearly income of a metadata analyst is around $70,000.
- Cybersecurity Analyst: These analysts are responsible for protecting sensitive data against breaches. They look for suspicious activities, create emergency plans, and report security leaks. An analyst can make $76,000 annually on average.
- Senior Data Analyst: These analysts excel in collecting, organizing, and analyzing data. They transmit their report to other departments in the organization so the company can make informed decisions. They can earn annually $78,000 on average.
- Information Architect: An information architect’s job is to research user interests and preferences. They meet with focus groups to organize, implement, and validate information architecture. They earn more than $100,000 on average every year.
Handing a massive amount of information will be a challenging task for future business generations. A 2019 study by AIIM shows that the incoming business info will multiply 4.2 times the present volume in two years. More than half of this information will either be unstructured or semi-structured. Organizations will require the services of IM experts to make sense of this information. The content management challenge will drive the business world to keep moving for a digital transformation.