What Is a Business Information Model?

Information management is an increasingly important function of many businesses, as they can gather data much quicker than previous years by using information technology. Companies may create business information models to help them manage this process.

Defined

A business model allows companies to use technology and transform information into a valuable resource for a company. Information models often will include a framework that outlines how the company will gather information and use it to advance the company's overall mission.

Features

Business information models will need inputs from various areas to ensure companies will receive worthwhile economic outputs. Business models focus on increasing the value of a company from the information gathered. Different business departments can have business information models.

Types

Information models may be a company's website. Rather than just allowing consumers to view facts or data on products, the website may include specific links, radio buttons or questions that require an answer. Companies will use these tools to gather information for future business use.

References

• Quick MBA: The Business Model
• GilBane: What is an Information Model & Why do You Need One?