Irish organisations are being swamped by the volumes of information now available to them and require new practices to turn this information into intelligence.
These were some of the stark facts presented by Declan O’Brien, BearingPoint Ireland, at a seminar by Irish Computer Society (ICS) and the Global IT Architects Association (IASA).
"The digital revolution has exacerbated the challenge with today’s volumes of information exceeding current ability to manage it," said O’Brien. "New practices need to be implemented to extract and transform the information required to manage organisations effectively."
The seminar tackled the issues of the volume, velocity and variation of data now available to organisations and how to implement practices and procedures to handle them. O’Brien’s new book, entitled "Information Development Using MIKE2.0", was launched at the seminar, whose co-authors of the book include Andreas Rindler and Sven Mueller of BearingPoint.
The book argues that information is probably the most important resource available to business and society and proposes that, "with the right information, organisations can compete more effectively, governments can identify those most in need, and consumers can make better personal choices. But the sheer volume of information created by the digital age threatens to render it useless unless it is properly harnessed".
O’Brien, an IASA certified professional Architect, added that the book presents a new way of looking at how information is used inside organisations so that it can be developed and leveraged as opposed to just being stored. "Method for an Integrated Knowledge Environment (MIKE) provides a common method and architecture to turn disparate sources of data into usable and accessible information."
BearingPoint launched the MIKE2.0 methodology in 2006. "MIKE2.0 provides the open source face of BearingPoint’s IM advisory services and is a key differentiator for us," said O’Brien. This is supported by software including ABACUS/Da Vinci to facilitate more effective bank supervisory and regulatory reporting and HyperCube which analyses ‘Big Data’ to help companies identify opportunities and reduce operational risk.
"The objective of our partnership with IASA Ireland is to ensure that IT architects have the skills and capabilities needed to grow professionally and deliver value to their business," said Jim Gregg, professional development consultant, Irish Computer Society. "Irish Computer Society training courses and events such as this play a major role in achieving that objective. All IT architects will benefit from exposure to techniques such as MIKE2.0."
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