What are the three (3) components required to successfully conceive a complex set of interoperable processes and implementable procedures and structural elements?

Chapter6–In order to interpret the Information Governance Reference Model (IGRM) diagram, it is recommended that we start from the outside of the diagram. What are the three (3) components required to successfully conceive a complex set of interoperable processes and implementable procedures and structural elements? Please provide a brief rationale for each. 250 wordsChapter Seven – From this chapter,we have learned from “The Path to Information Value” that Seventy percent of managers and executives say data are “extremely important” for creating competitive advantage. In addition, it is implied by the authors that, “The key, of course, is knowing which data matter, who within a company needs them, and finding ways to get that data into users’ hands.” Looking at the Economist Intelligence Unit report, identify and namethe three (3) phases that led to the yard’s rebirth. Please provide a short narrative for each. — 250 wordsRequired TextbookInformation Governance: Concepts, Strategies, and Best Practices• Author: Robert F. Smallwood• Publisher:Wiley• Edition: Use the Most Recent edition