The document discusses applying Lean principles to information management to improve value and reduce costs. It describes how focusing on customer needs, optimizing information flow, reducing waste, and continuously improving can maximize the benefits of information and knowledge. Lean Information aims to specify value, identify value streams, pull information from customers, and strive for perfection in information management.

1. LEAN INFORMATION increasing the value of your information

2. what is this about? if you apply Lean Principles to INFORMATION you will significantly improve the benefits and value of information and reduce the cost of producing it

3. key questions is your business making full use of the information at its disposal? is the information that you need available? when you need it? Does the information have the desired impact?

4. what is information? Click or use Youtube link: http://www.youtube.com/watch?v=tooPnNhPjbs

6. business information is needs driven for example: a Sales Manager may need to understand his sales performance … and where to go with new products

8. competitive advantage through improving the value of information Companies will become merely a shadow of their ‘glory days’ or will vanish if they do not find a way to recreate their market success through a steady stream of innovative products and customer – oriented solutions Miyamoto Misashi – The book of five rings

11. insight is the ability to grasp the key elements of a complex subject, person or situation maximise insight Data Information what? who? where? when? Knowledge how? Insight and wisdom why? Understanding Context independent

13. quantifying the benefit value of information (VOI) is the amount a decision maker would be willing to pay for information prior to making that decision wikipedia

15. Knowledge has to be improved, challenged, and increased constantly, or it vanishes.

28. the key P1 drive optimum use of information P2 maximise the outcome through application of knowledge systems producing data “just in case” unrelated data components in many pockets the status quo Follow the principles for superior business results versus

32. the information cycle can consume huge resources

33. hardware software IT support Implementation & infrastructure storage

34. staff external sources communication training people

38. re-work duplication wait re-entry not used irrelevant not available search wrong data loss common information waste traps to reduce

39. untested assumptions no insights knowledge not captured And knowledge-related traps to limit bias and misperceptions

40. Lean Information reduces waste Re-capture wait rework errors useless lost Information cycle reduce waste Re-capture wait search rework errors useless

41. RapidLeanInfo™ maximise the benefit of information and reduce to cost with a systematic approach

42. Executive sponsorship Team commit-ment Commit to lean vision Set objective for team Team training to deploy Enable team to maximise information value Maximise value Identify blockages, implement best available solutions Reduce Waste Identify waste traps, Reduce waste Review & repeat Evaluate result, Do the same in other areas Lean Information can add 10 – 20% productivity for the average information worker

43. Value increase over time