The proliferation of data in this period of history, one that will be known as the beginning of the Information Age, has been both a blessing and a curse to information managers. (I use the term "beginning of the Information Age" because I believe the rapid development of information and associated technologies we are now experiencing will continue at exponentially increasing speeds for decades to come.)
The blessing of this expansion is found in the availability of all manner of business-applicable knowledge. Information is the key to making correct decisions at the correct time, and capitalizing on every piece of market intelligence in a timely fashion can make a significant difference in winning or losing an important contract or in achieving a better profit margin. Failure to act quickly, and in an informed manner, will result in critically reduced business effectiveness or even complete business failure.
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