What is a business information resource?
A business information resource is any artefact or reference that contains information that’s meaningful to your business.
This can mean Word, Excel or PowerPoint documents, financial reports, regulatory reports, websites, and the people and their associated business terminology.
It does not include data stores, databases and any other, IT-managed resource. Business information is information that is created with the raw data.
Business information resources are the basis of business decision making, but they are rarely managed and governed sufficiently enough to ensure business assurance. Does your IT data governance cover your financial reports?
Why do I need to manage my business information resources?
Making business decisions is hard.
You’ve got to make big calls that will have a big outcome. There can be a lot of risk involved and there’s rarely any certainty.
Imagine knowing your decisions are based on a rock solid foundation because the information you’re receiving from your business is always reliable, accurate and current.
We know that kind of information is not only hard to get, sometimes it’s impossible. Your team just can’t get the information they need to get it to you.
Intralign minimises business risk by making business information resource management easy. When your business information resources are well managed, your team always have what they need to give you what you need.
- No wasted time searching for figures or reports.
- No misinterpretation of what figures mean.
- No breech of privacy or security in third-generation resources.
- No inconsistency between figures.
- No information issues going unresolved.
That means happier staff, reliable figures, clear communication and a solid foundation for business decision making.
That’s business assurance.
Why do you refer to Intralign as a business encyclopaedia?
When you register a business information artefact into Intralign, you are recording all the relevant details about that artefact, such as:
- what the resource contains,
- where it’s stored,
- why it was created,
- what it can legitimately be used for,
- what privacy and security is required for use, and
- when the contents should be considered out of date.
This ensures your team will always have what they need to give you what you need to make the best business decisions.
What’s the business benefit of a business information resource issues management system?
Intralign’s encyclopaedia of business term definitions and business information artefacts allows any staff member who identifies an issue with either the resource or an associated process to raise that issue. All terms and artefacts are assigned an owner, and accountability for the resolution of any issue is transparently assigned. Intralign allows for collaboration in developing that resolution, so all stakeholders can see what’s changing and why, and they can comment or register suggestions as the resolution develops. As the whole process is visible to all, governance teams can monitor the progress of the resolution and ensure no issue goes unresolved.