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What is Institutional Memory?

What is Institutional Memory?

Institutional memory is the sum of the information, documents, and experiences that an institution has accumulated from its establishment to the present day. Companies constantly share information and documents with official institutions, employees, and customers. Some of these documents are kept as a legal requirement, while others are stored in the company archive. These components that make up the corporate memory also serve as a source for how the company will respond to future situations.

What is Institutional Memory?

Institutional Memory

Institutional memory is the sum of the information, documents, and experiences that an institution has gained from its establishment to the present day. Companies constantly share information and documents with official institutions, employees, and customers. Some of these documents are kept compulsorily, and some are archived by the company. These components that make up the corporate memory also form the basis of how the company will respond to the situations it faces in the future.

Let's Get to Know Institutional Memory in Brief

As mentioned at the beginning of the article, institutions constantly share information and documents over time. The records of this information and these documents serve not only as historical evidence but also as resources for addressing various situations encountered over time.

Especially considering today's business and association life, it is essential that decision-making mechanisms operate quickly. Institutional memory also serves as an important resource in situations requiring rapid decision-making.

In the recent past, records forming institutional memory were included in institutional archives in the form of files and were researched and revealed there when needed. Fortunately, thanks to the rapid development of technology and the digitization of document storage, it has become much easier to store and access information and documents when necessary.

Data Gains Skill

I am sure you gradually grasp the importance of keeping the documents collected over time in a certain order for companies that value corporate memory. It is possible to talk about two basic processes and types of content management tools that ensure the proper storage of information and documents:

  • EBYS (Electronic Document Management System): Manages internal and inter-institutional correspondence.
  • DYS (Document Management System): Records official letters.

Apart from EBYS and DYS, tools offered by the private sector are also available. These tools are specially designed according to the characteristics of the institution and are equipped with modules that can fully meet the institution's needs.

Using software with integrated features is necessary for creating, storing, and accessing corporate memory when necessary. Commercial institutions or foundations and associations that attempt to create a corporate memory without any of the aforementioned tools are likely to fall behind in a competitive environment.

For More Efficient Foundation and Association Management

Foundations and associations that make the right decisions regarding the digitization of their corporate memory have the chance to operate their decision-making mechanisms quickly in response to encountered situations as well as in managing legal processes. Especially since they are in constant exchange with many other institutions and people, they must make decisions much faster to achieve their goals.

Integrated solutions not only contribute to managing corporate memory but also to the process management of all types of institutions. For foundations and associations, this includes managing member relations, dues and donations, events, and many similar processes. Cloud technologies, one of today’s most important innovations, allow for the simultaneous recording and viewing of information and documents. From this alone, the importance of digitalization and applying digital solutions in corporate memory management becomes evident.

It is very important for foundations and associations to create a long-term institutional memory. Technology must be used to make decisions quickly, achieve goals, and make past experiences accessible in the future. Aidango is a holistic solution where foundations and associations can safely store information and documents that make up their corporate memories while benefiting from administrative conveniences.

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