Information science plays a crucial and increasingly important role in the modern business world. It helps businesses manage and analyze vast amounts of data. In today’s digital age, data is generated at an unprecedented rate and businesses need to extract valuable insights from this data to make informed decisions.
Businesses that can effectively harness and analyze data gain a competitive advantage. Information science enables companies to understand customer behavior, market trends, and their own operations better, leading to smarter strategies and decision-making.
Businesses use information science to assess and mitigate risks. By analyzing data, they can identify potential issues and take proactive measures to reduce risks and vulnerabilities.
Information science aids in strategic planning by providing valuable insights into market trends, customer demographics, and competitor activities. This information is essential for long-term business success.
In the age of e-commerce, information science is fundamental to online business success. It powers recommendation systems, online payment processing, fraud detection, and customer service chatbots.
Information science is vital for ensuring data security and compliance with regulatory requirements. Businesses must protect sensitive customer and financial data, and information science provides tools and techniques to achieve this.
Today, data is the asset from which businesses are gathering critical insights and through which businesses improve performance. The people required to retrieve these insights from data are the kind who do little else. Information science professionals lead the way.
Experienced data scientists and data managers are tasked with developing a company’s best practices, moving toward robust data governance in the organization. They work cross functionally with other teams throughout their organization, such as marketing, customer success, and operations. They are highly sought after in today’s data- and tech-heavy economy and their salaries and job growth clearly reflect that.
At the end of the day, content needs to be findable, and that happens with a strong, standards-based taxonomy. Data Harmony is our patented, award winning, artificial intelligence (AI) suite that leverages explainable AI for efficient, innovative, and precise semantic discovery of your new and emerging concepts. We help you find the information you need when you need it.
Melody K. Smith
Sponsored by Access Innovations, the intelligence and the technology behind world-class explainable AI solutions.