Information audit as an important tool in organizational management: A review of literature

Abstract

This article considers information as a strategic asset in the organization just as land, labour and capital. It elaborates how information assets help organizations to meet its organizational objectives and also examine issues that led to the proliferation of information assets; because of the proliferation of data and information, it becomes difficult for organization to make effective use of these information assets to meets its objectives. This leads to management of information assets and management of information risk. These two areas are critical to organization. It was concluded that information audit is the effective tool that could be used to manage the information asset and information risk. Also that information policy should be drawn; information professional should be among those handling information-related issues.

Keywords

Information information asset information audit information management

Get full access to this article

View all access options for this article.

References

Adler

Stringer

Yap

(2016) The valuation and pricing of information assets. Pacific Accounting Review 28(4): 419–430.

Ayinde

(2017) Information Audit of the School of Arts and Social Science, Adeniran Ogunsanya College of Education, Lagos State, Nigeria, Library Philosophy and Practice. Available at: https://digitalcommons.unl.edu/libphilprac/1602/ (accessed 25 July 2018).

Barker

Cobb

Karcher

(2009) The legal implications of electronic document retention: changing the rules. Business Horizons 52(2): 177–186.

Blasé

Rao

(2013) Information as an asset. Financial Times. Available at: https://www.ft.com/content/0919f8b2-6105-11e3-b7f1-00144feabdc0 (accessed 24 June 2018).

Borek

Parlikad

Webb

. (2013) Total Information Risk Management: Maximizing the Value of Data and Information Assets. Newnes, Australia: Morgan Kaufmann.

Botha

Boon

(2003) The information audit: principles and guidelines. Libri 53(1): 23–38.

Bowes

(1995, May) How best to find and fulfill business information needs. In: Aslib Proceedings 47(5): 119–126. MCB UP Ltd.

Buchanan

Gibb

(1998) The information audit: an integrated strategic approach. International Journal of Information Management 18(1): 29–47.

Buchanan

Gibb

(2008) The information audit: theory versus practice. International Journal of Information Management 28(3): 150–160.

10.

Buckland

(1991) Information and Information Systems (No. 25) . ABC-CLIO.

11.

Burk

Horton

(1988) Infomap: a complete guide to discovering corporate information resources. In: Infomap: A Complete Guide to Discovering Corporate Information Resources. Englewood Cliffs, NJ: Prentice Hall.

12.

Campengi (2008) The information opportunity report: harnessing information to enhance business performance. Available at: http://www.eurim.org.uk/activities/ig/voi/The_Information_Opportunity.pdf (accessed 25 June 2018).

13.

Choo

(2002) Information Management for the Intelligent Organization: The Art of Scanning the Environment. Medford, NJ: Information Today, Inc.

14.

Cohen

(2012) It’s Not the Size of Your Data, It’s How You Use It. Available at: https://www.forbes.com/sites/reuvencohen/2012/06/05/its-not-the-size-of-your-data-its-how-you-use-it/#6ddaa0e63a9b (accessed 12 June 2018).

15.

Corrall

(2008) Information literacy strategy development in higher education: an exploratory study. International Journal of Information Management 28(1): 26–37.

16.

Dandago

Rufai

MAS

(2012) The effect of information management on the financial performance of banks in Nigeria (2006–2010). International Journal of Arts and Commerce 1(5): 263–278.

17.

Dante

(2008) Information and knowledge organizational audit: genesis of an integration. Brazilian Journal of Information Science 2(2): 3-15.

18.

Dobson

(2002) Beyond the information audit: checking the health of an organization’s information system. Searcher 10(7): 32–37.

19.

Dubois

CPR

(1995) The information audit: its contribution to decision making. Library Management 16(7): 20–24.

20.

Frost

Choo

(2017) Revisiting the information audit: a systematic literature review and synthesis. International Journal of Information Management 37(1): 1380–1390.

21.

Griffiths

(2010) Where next for information audit?. Business Information Review 27(4): 216–224.

22.

Halbwirth

Sbarcea

(2005) The spotlight on knowledge management. In: Joint presentation by Sue Halbwirth and Kim Sbarcea at the NSW KM Forum, held at Standards Australia, Sydney, 7th September.

23.

Harvard Business Review (2010) Unlocking the value of the information economy, Harvard Business Review, Analytic Services Report, 2011. Available at: http://eval.symantec.com/mktginfo/enterprise/other_resources/bhbr_unlocking_value_info_economy_21028773.en-us.pdf (accessed 12 June 2018).

24.

Henczel

(2001) Department of Justice and Attorney-General, Brisbane, Queensland, Australia. In: The Information Audit: A Practical Guide. München: KG Saur, pp. 206–212.

25.

Henczel

(2000) The information audit as a first step towards effective knowledge management: an opportunity for the special librarian. Inspel 34(3/4): 210–226.

26.

Henczel S and Graham R (2015) Demystifying the Information Audit: SLA Master Class (SLA, 2015). Available at: https://www.sla.org/wp-content/uploads/2015/06/1650_Demystifying-the-Information-AuditHenczel.pdf (accessed 25 June 2018).

27.

Henczel

(2017) Information audit and impact assessment. In: The Emerald Handbook of Modern Information Management. Emerald Publishing Limited, pp. 271–288.

28.

Henczel

Robertson

(2016) The widening horizons of information audit. Qualitative & Quantitative Methods in Libraries 5(3): 561–571.

29.

ISO (2009) ISO Guide 73:2009 – Risk Management – Vocabulary. Available at: http://www.iso.org/iso/iso_catalogue/catalogue_tc/catalogue_detail.htm?csnumber=44651 (accessed 10 July 2018).

30.

ISO 9001 (2015) International Organization for Standardization. Available at: https://www.iso.org/files/live/sites/isoorg/files/archive/pdf/en/documented_information.pdf (accessed 12 June 2018).

31.

Kilzer

(2012) Information audit: keys for understanding the academic library. Technical services quarterly 29(3): 200–206.

32.

Klassen

Borek

Parlikad

. (2012) Quantifying the business impact of information quality – a risk-based approach. In: European conference on Information Systems, p. 239.

33.

LaRosa

(1991) The corporate information audit. Library Management 14(2): 7–9.

34.

Laudon

(2015) Management Information Systems: Managing the Digital Firm Plus MyMISLab with Pearson eText – Access Card Package. Boston: Prentice Hall Press.

35.

Lewis

Snyder

Rainer

Jr (1995) An empirical assessment of the information resource management construct. Journal of Management Information Systems 12(1): 199–223.

36.

Manyika

Chui

Brown

. (2011) Big data: the next frontier for innovation, competition, and productivity. Report, McKinsey Global Institute, McKinsey & Company.

37.

Merzuki

Latif

(2009) Information management (IM) for academic staff advancement programme in higher institutions. Journal of Technology Management & Innovation 4(1): 94–104.

38.

National Archive (2017) Identifying Information Assets and Business Requirements, pp. 1–24. Available at: http://www.nationalarchives.gov.uk/doc/open-government-licence/open-governmentlicence.htm.

39.

Oppenheim

Stenson

Wilson

(2003) The attributes of information as an asset (ed.). In: Advances in Library Administration and Organization. Emerald Group Publishing Limited, vol. 20, pp. 123–147.

40.

Orna

(1990) Practical Information Policies: How to Manage Information Flow in Organizations. Aldershot: Gower.

41.

Orna

(1999) Practical Information Policies. Aldershot, UK: Gower Publishing, Ltd.

42.

Pieterse

(2007) The six dimensions of corporate information management. Available at: Toolbox.com (accessed 12 June 2018).

43.

Ptacek

(2008) An Information Audit of a Business Intelligence Portal. Master’s Paper.

44.

PWC report (2012) Beyond cyber threats: Europe’s First Information Risk Maturity Index; A PwC report in conjunction with Iron Mountain. Available at: http://www.continuitycentral.com/BeyondCyberThreats.pdf (accessed 15 May 2018).

45.

Roglaski

(2006) The rising importance of enterprise content management. DM Review 16(11).

46.

Sarbanes–Oxley (2002) Sarbanes–Oxley Act of 2002, Pub. L. No. 107-204, 116 Stat. 745. Available at: http://www.sec.gov/about/laws/soa2002.pdf (accessed 12 June 2018).

47.

Sharma

Singh

(2012) An evaluative study of information audit and knowledge management audit. Brazilian Journal of Information Science: Research Trends 5(1).

48.

St. Clair

(1997) The information audit: defining the process. Info Manage 4(6): 5–6.

49.

Stephens

(2005) The Sarbanes–Oxley Act: records management implications. Records Management Journal 15(2): 98–103.

50.

Tieto (2013) White paper on Information Management: Financial Times, White paper: Information Management. Available at: https://www.tieto.com/sites/default/files/files/information-management-white-paper.pdf (accessed 12 June 2018).

51.

Underwood

(1994) Checking the Net: a soft-systems approach to information auditing. South African Journal of Library and Information Science 62: 59–59.

52.

Vo-Tran

(2011) Adding action to the information audit. The Electronic Journal Information Systems Evaluation 14(2): 167–282. Available at: www.ejise.com/issue/download.html?idArticle=777 (accessed 12 June 2018).

53.

Wurzler

(2013) Information Risk and Risk Management, Internet Security Alliance & American National Standards Institute. Available at: https://www.sans.org/reading-room/…/information-risks-risk-management-34210 (accessed 12 June 2018).