If we are to manage our business, political, economic, academic, and medical affairs with full awareness of what we are doing, we need to view the way that we organize society through the meaningful modelling methods of information systems architects, rather than the financial modelling methods of quantitative economists, investment bankers, and management accountants.
For, while money is a type of information, and so can be represented in the semantic models developed by information systems architects, this is not possible the other way round. The meaning of information, and hence its value, cannot be satisfactorily represented in quantitative financial models.
Business enterprises began to be aware of this relationship around 1980, at the birth of the Information Society, with IBM in the UK having a marketing slogan ‘Manage data as a corporate resource’. Before this time, data-processing managers had typically reported to finance directors, for some of the first applications to be automated were accounts payable and receivable and payroll.
To address the growing importance of data and information in business, many companies appointed a Chief Information Officer (CIO) on a par with the Chief Financial Officer (CFO), both reporting to the Chief Executive Officer (CEO), as this diagram illustrates.
However, while information systems architects have all the tools and methods we need to create the global information system that could bring order and harmony to our deeply troubled world, this has not happened because money is the primary immortality symbol in society today, assuaging the fear of death, caused by the sense of separation from the Immortal Ground of Being we all share—as Love.
See information and system.