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Information Management

An information management emphasizes the skills that are needed to sustain and grow a business through marketing, business, technology and management practices, as well as the application of law and ethics.

What Is Information Management?

Information management is the process of storing, collecting, managing and maintaining all types of information in an organization, especially electronic information and data. Information management is a broad phrase that incorporates procedures and policies for managing and sharing information in an organization among individuals, organizations and information systems throughout an information life cycle.

Information management deals with the control and level of an organization’s control and governance of its information assets. Proper information management is usually achieved by an information management professional who constructs effective information management systems that support business guidelines and processes. Information management also is focused on how the information is shared and delivered electronically to various recipients.

Opportunity

As technology and information management for organizations is growing more complex, there is a rising demand for information management professionals of all kinds and in all industries. For example, the job of information systems manager is one of the most in demand in the technology industry today. The Bureau of Labor Statistics or BLS reports demand for these information professionals will rise by 12% through 2026, which is faster than average. Demand for information management and information systems managers will increase as companies and other organizations are expanding their operations to entirely digital platforms. Information systems professionals are responsible for implementing these digital systems and ensuring they work properly and securely.

Employment growth for these professionals will come from the need to improve cybersecurity and information systems that are used by businesses.

Career Paths

BLS states there are 367,000 information systems managers working in the United States as of 2016. The biggest employers of these workers are:

  • Computer systems design and related services: 22%
  • Information: 11%
  • Finance and insurance: 11%
  • Management of companies and enterprises: 10%
  • Manufacturing: 8%

Salaries

The Bureau of Labor Statistics reports the median wage for computer and information systems managers was $139,000 in 2017. The top 10% earned a salary of more than $200,000 per year. Salaries in different industries varied as follows:

  • Information: $153,000
  • Computer systems design and related services: $146,400
  • Finance and insurance: $146,350
  • Manufacturing: $141,000
  • Management of companies and enterprises: $140,900

Where you work as an information management professional will influence how much money you make. Below are some the best cities to work in with an information management degree:

  • San Jose and Santa Clara, California
  • Huntsville, Alabama
  • Seattle, Washington
  • Lexington Park, Maryland
  • Durham-Chapel Hill, North Carolina
  • Raleigh, North Carolina
  • Washington DC
  • Boulder, Colorado
  • San Francisco, California
  • Austin, Texas

Specializations

  • Database and Internet technologies
  • Information systems security
  • Project management
  • Information systems management
  • Medical informatics
  • Information systems
  • Analytics and business intelligence

Certifications

It is more important than ever to enhance your resume and skills so that you can stand out from the competition in the competitive information management marketplace.

One way to accomplish this is to earn your Certified Information Management Professional (CIMP) designation that shows employers that you have a deep knowledge of information management. Available tracks are:

  • Information Management Foundations
  • Data Quality
  • Data Governance
  • Data Integration
  • Master Data Management
  • Data Modeling and Metadata
  • Business Intelligence
  • Data Warehousing
  • Business Analytics

Associations

To improve your knowledge and network connections, consider joining the following associations and groups in this field:

  • Association for Information Systems
  • AIIM – The Global Community of Information Professionals
  • International Federation of Health Information Management Professionals
  • ARMA International
  • International Information Management Association

The information management field is a booming one. You will be very likely to find an excellent job and compensation.


References