Master Information Management and Data Governance for Unmatched Data-Driven Success

This is part of our Essential Strategies for Leveraging Information Management in Construction, this section discusses the benefits of streamlining communication and improving document control. Learn how to increase transparency and boost efficiency across all projects for better overall outcomes.

In an age where data has become a currency and a strategic asset, businesses need to be more vigilant than ever about how they manage and govern their information. This is where information management and data governance, along with solutions like Newforma, come into play, acting as the essential pillars of a data-driven organization.

Information Management with Newforma: The Foundation of Data Excellence

Information management, in combination with innovative tools like Newforma, is the systematic process of collecting, storing, organizing, and distributing data within an organization. Here’s why it’s essential:

Data Quality and Integrity: Effective information management with Newforma ensures that data is not only accurate, consistent, and up-to-date but also streamlined and organized, making it readily available for decision-makers.
Accessibility and Retrieval: Newforma enhances information management by making data easily accessible, allowing employees to find the information they need quickly. This accessibility promotes productivity and informed decision-making, further empowered by Newforma's streamlined approach.
Compliance and Security: Managing sensitive data requires strict compliance with regulations and strong security measures. Information management, bolstered by Newforma's security features, helps safeguard data against breaches and ensures compliance with data protection laws.
Knowledge Sharing: With Newforma, efficient sharing of knowledge across the organization is not just a goal; it's a reality. Employees can collaborate and access valuable information with ease, fostering innovation and better problem-solving, all while ensuring data security and governance.

Data Governance with Newforma: Ensuring Data's Credibility and Trustworthiness

Data governance, when complemented by tools like Newforma, is the set of processes and policies that dictate how data is controlled, protected, and used within an organization. Here’s why data governance, enhanced by Newforma, is indispensable:

Benefits Of Information Management & Data Governance

Data Ownership and Accountability

Newforma seamlessly integrates with data governance practices, ensuring clear roles and responsibilities for data management. This combination ensures that someone is accountable for data quality and security, giving organizations peace of mind.

Compliance and Risk Management

Newforma provides organizations with the means to stay compliant with data regulations and improve their risk management associated with data breaches and non-compliance. Data governance powered by Newforma becomes a proactive strategy, rather than a reactive one.

Standardization and Consistency

Data governance is essential for establishing data standards, and Newforma ensures that data is not only standardized but also consistently reliable across the organization. This consistency is vital for accurate analysis and decision-making.

Data Privacy and Ethics

Newforma, in conjunction with data governance, sets the guidelines for collecting, using, and sharing data while respecting individual rights and privacy. This ensures organizations remain ethically sound in their data practices.

The Synergy of Information Management, Data Governance, and Newforma

Information management, data governance, and Newforma are interdependent and work hand-in-hand to harness the full potential of data. Together, they form a solid foundation for data-driven success. This integration of practices and technology empowers organizations to not only manage data efficiently but also ensure its credibility, accessibility, and responsible use, all while leveraging the power of Newforma to streamline and secure their information management processes.

In a world awash with data, organizations that prioritize information management and data governance, with the support of solutions like Newforma, gain a competitive edge. These practices, enriched by technology, not only safeguard data but also ensure its credibility and accessibility, driving success in an increasingly data-centric landscape. It’s not just about managing data; it’s about ensuring data’s integrity and leveraging its potential to drive success, powered by Newforma.

About the author

Carl Veillette
Chief Product Officer (CPO)