7 ways to improve your resource bank: effective management of your organization's information assets can get you answers more quickly, save staff time, and preserve institutional memory.

Information OutlookVol. 11 Nbr. 2, February 2007

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FOCUS: RESEARCH ASSET MANAGEMENT - Cover story

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7 ways to improve your resource bank: effective management of your organization's information assets can get you answers more quickly, save staff time, and preserve institutional memory.

In today's information-driven economy where nearly everyone is a "researcher" in some way, research asset management has become a critical competency. By implementing best practices for research asset management, you can not only deliver extraordinary value for your organization but also firmly cement your own role.

More than ever, success for many organizations depends on quickly finding and acting on various kinds of research assets. Yet even sizable organizations with otherwise sophisticated capabilities vary considerably in how, and how effectively, they manage these diverse research assets.

Research assets include internal information such as plans, presentations, and analyses, and external information such as news items, Web resources, magazines, and industry analyst reports. Research asset management is the combination of people, processes and technology by which an organization manages the high-value internal and external information assets that its professionals at all levels use to gain insights, plan, and execute.

Poor research asset management carries a high price tag. Employees are forced to spend time looking for information, instead of using that information in more strategic and creative ways. Poor "institutional memory" and inadequate information sharing are at best inefficient and at worst extr...

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