Keynote Buchmesse - How Information Managers Add Value
âąDownload as PPTX, PDFâą
0 likesâą525 views
English version of the presentation originally held in German. A presentation with two key themes: 1 - the changing world of business information, why you need 'smart' information to turn raw data into insight. Illustrated by 4 brief cases, ranging from a mature commercial product to an R&B prototype. 2 - the changing role of information professionals. We surveyed 100s of information professionals for our report 'past, present and future of information', this part of the presentations shares some of the key learnings.
Recommended
Recommended
More Related Content
What's hot
What's hot (20)
Viewers also liked
Viewers also liked (18)
Similar to Keynote Buchmesse - How Information Managers Add Value
Similar to Keynote Buchmesse - How Information Managers Add Value (20)
Recently uploaded
Recently uploaded (20)
Keynote Buchmesse - How Information Managers Add Value
- 1. How Information Managers Add Value Showcasing Trends in Smart Information Pim Stouten VP of Strategy, LexisNexis BIS Frankfurt, 09.10.2014
- 2. © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 1
- 3. Smart Information: what is it? How we see the context of Smart Information The huge amount of available data can easily result in âinfobesityâ â an information overload for knowledge workers Raw data needs to be transformed into âsmart informationâ before itâs ready to be consumed, shared and analysed easily and efficiently access With an ever-growing amount of business data, simply having access to information is not good enough © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 2
- 4. Smart Information: what is it? How we define Smart Information Smart Information is making data more easily accessible through Structure+ + Enrichment Analysis Visualisation © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 3
- 5. âContent is the raw material of the 21st century and one that we need to secure long term competitive advantage.â Henning Heinrich, T-Systems International, in Past, Present and Future of Information Management © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 4
- 6. Smart Information: the technology angle Technology drives the change âą Economic success largely depends on correct and timely use of information. âą To become successful, organizations require strategies and technologies to efficiently handle the ever-growing amount of data. © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 5
- 7. Smart Information: the technology angle There are various technology approaches to help turning âdumbâ raw data into useful and smart information. Combining enrichment and analysis helps to turn data truly into insight. © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 6
- 8. Smart Information: the technology angle NLP and machine learning have delivered progress in the fields of: âą Information extraction to detect topics, entities, and more âą Weak signal detection through data mining âą Detecting story lines and/or complex events âą Tonality analyses by detecting the sentiment of a document © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 7
- 9. Smart Information: Google Timeline 1 2 3 Google Timeline prototype Merely showing a list of textual results does not deliver insight into a complex event. The âGoogle Timelineâ prototype converts search results into a timeline. © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 8
- 10. Smart Information: Crime Map Geo information visualised Instead of showing text in the form of local crime news articles, this crime map extracts geo-information from news and plots all events on a map © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 9
- 11. Smart Information: TheBrandTicker Illustration of a brandâs strengths The blue columns show the sector average - weighted by the frequency of mentions of individual brands. Differences between sector average (blue) and the brand - here BMW (green columns) illustrate the strengths of a brandâs image. © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 10
- 12. Smart Information: TheBrandTicker The matrix reflects the competitive dynamics of brands within their industry It shows the sum of positive mentions of the brand on the âValueâ and the âVolumeâ axes, versus the other brands in the industry © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 11
- 13. Smart Information: SmartWatch SmartWatchÂź â Early warning signals Traffic light colours indicate risks per PESTLE category, relating to individual strategic suppliers © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 12
- 14. © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 13
- 15. How does this relate to Information Professionals? Visualisation is key According to our Past, Present and Future of Information Managers report, visualisation of results is becoming key. Presentation methods change âThe presentation of results is beginning to change. Dashboards, infographics and other visual approaches are becoming more significant as information managers deliver results in easy-to-consume packages for a wider community of executives.â © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 14
- 16. How does this relate to Information Professionals? © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 15
- 17. âI see a trend towards appointing people with strong communication skills.â Erwin La Roi, Recruiter at Hatch in Past, Present and Future of Information Management © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 16
- 18. How does this relate to Information Professionals? A changing world means changing requirements⊠New Skills Analytical and communication skills top the chart of our survey, easily surpassing technical or content skills. New Job roles Diploma Newly graduated Information Management students often become web analyst, SEO manager, knowledge manager. © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 17
- 19. How does this relate to Information Professionals? © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 18
- 20. âToday a response is expected within an hour â and in the future it will be expected within five minutesâŠâ Jos Leensen, Hill & Knowlton in Past, Present and Future of Information Management © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 19
- 21. Key challenges for Information Professionals According to our Past, Present + Future Report, information professionals are challenged by: Pressure of workload Internal customers are more demanding than ever. In addition to âsimplyâ providing information, information professionals need to analyse, synthesise, evaluate and visualise information Time pressure Results are needed quicker than ever Information overload An overabundance of information requires better tools to either find the needle in the haystack or to analyse large data volumes. © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 20
- 22. © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 21
- 23. What does the future hold for Information Professionals? Key learnings from our Past, Present and Future report: 1. The workload that information managers are expected to handle creates a barrier to delivering sufficiently researched results 2. Even if using more succinct dashboards, colleagues may not always have the skills or the experience to âdigestâ them. 3. A clear frame of reference is essential to enable information managers to identify and accurately query the most appropriate data sources. © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 22
- 24. © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 23
- 25. What is LexisNexis doing? We are helping professionals through: âą Data enrichment â recognising entities, such as people, companies, geographies, topics âą Smart company information â integration of sources, tools & platforms âą Media Monitoring â More visualisation tools, further integration of social media, embedding broadcast media âą Research & Development â In-house research and development, but also participation in international academic research projects © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 24
- 26. Conclusions Making information smarter is beneficial âą Visual search results are easier to digest and to interpret by end users âą Timely data delivery enables organisations to act immediately upon early warning signals âą Intelligent filtering possibilities help to reduce and overcome âinfobesityâ © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 25
- 27. Conclusions The changing information universe also changes the roles of information professionals âą Analysis and visualisation are becoming more important than data retrieval âą Growing need to understand where relevant information adds most value to your organisation âą Validating information is gaining weight versus information delivery âonlyâ © LexisNexis 09.10.2014 Steilvorlagen fĂŒr den Unternehmenserfolg 26
- 28. Thank you for your attention Pim Stouten VP of Strategy, LexisNexis BIS Frankfurt, 09.10.2014
Editor's Notes
- Showcase 4: SmartWatch â a LexisNexis product â translates textual data into quantitative scores, which are then visualised for ease of use. The âtraffic lightââ colours indicate different risks relating to individual strategic suppliers. We use the âPESTLEâ model to score against different, so-called PESTLE parameters, i.e. Political, Economic, Social, Territorial, Legal, Environmental to give a balanced analysis of the risk position a certain company is in. LexisNexis continuously evaluates R&D in the market, engages in conversation with specialised information workers to understand what they need in their daily workflows. This results in the creation of new products that meet specific target groupsâ needs.
- @AFO Image Licencse needs to be bought http://www.google.de/imgres?imgurl=http%3A%2F%2Flowres.cartoonstock.com%2Fbusiness-commerce-hallucination-hallucinating-hallucinates-data_analyst-data_analysis-cwln5166_low.jpg&imgrefurl=http%3A%2F%2Fwww.cartoonstock.com%2Fdirectory%2Fd%2Fdata_analyses.asp&h=380&w=400&tbnid=5te4HCIC5AWZzM%3A&zoom=1&docid=CEojiuQ0zsIANM&ei=WvsWVJORN5WpyAS5q4DoCw&tbm=isch&iact=rc&uact=3&dur=622&page=1&start=0&ndsp=23&ved=0CDsQrQMwCQ
- We interviewed hundreds of information professionals to get an insight into the dynamics and trends in the world they live and work in. One of the key findings is that results presentation is changing Information managers believe that they will need to spend more time helping colleagues understand results, need to present information in different ways for different audiences, and find new ways to present information to aid understanding â such as dashboards and visualisations.
- As the results of our survey show, the two areas people agree most strongly with are: The need to present information differently and The need to present information in a way that is more easily understood by others
- Further important statistics from our PP+F report relate to the skill set: One of the most striking insights from our survey was the shift in required skills for an information professionalâs job. Many of our interview partners said that communciations skills are increasingly important. This statement from various interviewees is also supported by the data from our online survey, as you can see on the next slide.
- We interviewed hundreds of information professionals to get an insight into the dynamics and trends in the world they live and work in. One of the most striking insights from our survey was the shift in required skills for an information professionalâs job, as this graph illustrates.
- How does Smart Information help Info Pros? We asked information professionals about their challenges and what they think will happen in the near future. Plates that are too full with too many tasks, as well as an overabundance of information are some of the biggest challenges in an information professionalâs job. Expectations from âinformation consumersâ inside organisations are continuously rising: people expect more detail, more analysis, new output formats e.g. dashboards and expect shorter turnaround times on top of that... They need Data diversity Smarter information helps the integration of different data and content types; such as news, financials, statistics and visuals.
- @AFO Image Licencse needs to be bought
- @AFO Image Licencse needs to be bought
- Quote of PP+F: âCombined with excellent user experience â be that for the information manager or their customers â in any given form of visualisation, whilst collecting, managing and analysing information can be a complex job, LexisNexis believes that information delivery should be simplicity itself.â Some highlights of the latest âsmart informationâ developments within LexisNexis. Obviously, many of these are product and technology developments, but some of our activities go beyond that... ⊠in terms of Research & Development: We participate in NewsReader, pan-European scientific research project, with partners from the UK, Netherlands, Italy and Spain.