Information Management in Macedonia

Topics: Corporation, Information technology, Management Pages: 1 (348 words) Published: February 10, 2013
Information management in the Macedonian companies

Information management is the collection and management of information from one or more sources and the distribution of that information to one or more audiences. This sometimes involves those who have a stake in, or a right to that information. Companies have struggled with information challenges for years. A decade ago, large companies began to address this issue by spending billions of dollars on cutting-edge information technology solutions. Today, advances in information technology have reduced the cost and complexity of harnessing these capabilities, making it possible for midsize companies to increase the scope of the information they can collect and distribute. The number of companies in Macedonia that use information technology is relatively small. The reason for this is the fact that Macedonian companies don’t realize the importance and effect that the information technology can have on the company. In Macedonia midsize enterprises are mostly shooting in the dark, but large companies like banks, insurance companies and mobile operators use information technology that helps them speed up the decision-making and information flow and giving them a window into their business that they never had before. One of the leading banks in Macedonia, NLB Tutunska banka A.D Skopje is aware that information is a key resource for modern business, and that information management has a direct impact on the efficiency and performance of the company. They have a highly secured intranet where people in the company can share information of all sorts, which can be accessed by everybody within the company. This helps managers to analyse developments in the company in real time in order to solve problems and exploit opportunities. Experts predict that in years to come more Macedonian companies will use information technology to become a “real-time enterprise” i.e. an organization that is able to react instantaneously to...
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