Information Governance Desired Goal of the System

Question: Discuss about the Report for Information Governance for Desired Goal of the System. Answer: Introduction Information Governance or IG can be seen as the process of ensuring efficient use of resources of an organization to achieve the desired goal of the system. IG is a multidisciplinary structure that deals with the policies and processes for managing the information and hence using it for satisfying the operational requirements of the organization (Smallwood 2014). This work is aimed to review to article related to information governance. In his article Debreceny (2013) has discussed the research that was done on IT governance, associated risk and the values of the system, further the challenges and the opportunity encountered during the research has been presented for a deeper understanding of the subject. The second article SpremiĆ¡ et al. (2013) have discussed the implementation of IT governance standards and business continuity management in the banking sector in Croatia and Bosnia. The authors have discovered a novel technique of combining the technology and the planning perspective for business continuity management. Analysis The IT governance is the framework that ensures the support of IT infrastructure to enable and ensure the strategic goals of the organization. The IT governance is an umbrella which contains specific domains like Business Continuity Management, regulations, service management, project governance, etc. (De Haes and Van Grembergen 2015). With the recent evolution of computer and allied accessories and services the information and IT governance have become almost one (Community.aiim.org, 2016). The article authored by Debreceny (2013) has discussed the broader aspect of the IT governance and SpremiĆ¡ et al. (2013) have discussed BCM (Business Continuity management) for IT governance in the two countries. Strategic Information Systems (IS) management ensures the utilization of the existing knowledge for forecasting the results of the processes according to the requirement. BCM fall under the umbrella of Information system management, it ensures resilience to the business and easy and fast trouble shooting framework (Jrvelinen 2013). The main issue that has been addressed in the first paper has been due to the issue that has been faced in Accounting Information System (AIS). As has been mentioned in the paper, there is a wide range of research interest in the area of IT Governance, the research areas that have caught the fancy of the researcher are risk management, management of values and value delivery which helps in sorting out the problems of both AIS and MIS (Management Information System). The research in the domain of ITG have helped in better functioning of business by helping in the evolution of business strategic planning with the help of IT enabled tools, setting up of effic ient technological platform for better performance and firm management (Debreceny 2013). In the second paper, the authors have emphasised the importance of the BCM techniques which has emerged again with the advent of the internet and e-business. With the evolution of the technology the BCM has become an integral part of the Information System (IS). The businesses today need the services to be available round the clock for ensuring continuous availability, hence making the BCM the most vital tool for each business (SpremiĆ¡ et al. 2013). The literature review done by the author of the paper suggests that the investment dimensions of ITG demands assurance of facilitation of the strategic and the tactical goals of the organization. ITG is the subset of the corporate governance although the line that existed between them is slowly fading with the advent of the mobile computing devices. The umbrella of corporate governance covers various parameters and ITG is evidently the most important one and the penetration of technology has eased the different aspects of the business (Bnten et al. 2014). The literature review done by SpremiĆ¡ et al. (2013) shows the emergence of separate discipline for IT around 15 years ago. The emergence of the technology has reduced the separation between the IT and managerial disciplines with the emergence of online business platforms as mentioned before. The high availability systems which have an uptime for almost 99%, are deciding the fate of business with advanced user feedback too ls that records data throughout the day. Theses system decides the various scenarios for availability depending upon the availability, downtime, tolerance, etc. An adaptation form the paper shows the impact of downtime upon the user of the online services. The continuously available services that have an uptime of more than 99.99% had no impact upon the tolerance level of the user, the system with little lower rate of uptime 99.9% created a business interruption, but a system with lesser uptime resulted in business losses that could be very vital for an organization. Business Continuity Institute (thebci.org 2016), has defined the BCM as the holistic management process that help the system in identification of the potential threats to an organization and helps in making the system more versatile and resilient to stress. The risk management in an organization can be assessed with the help of tools like audits and quality assessments of the system. The aspects that have to be properly scrutinized include the Information System (IS) and the IT. The aim of such audit that is carried out in the system is to understand the key business processes and the impact of IT upon them. This helps in contingency analysis, the security threats to the system and a better and efficient control of the system. After the identification of the contingencies, the required steps have to be taken into account for prevention, they are acceptance (organization lives with the risk), reduction (necessary steps are taken to reduce the impact), avoidance (nullifies the problem) , sharing (shares among the people for reducing the impact). According to Debreceny (2013) the core issue with the ITG lies with the alignment of ITG and the allied processes of the system. Many researchers have worked upon the strategic alignment of the system for setting a proper technological direction. Since all the decisions are taken by the finance department of the system, hence the major consumer of the IT services of a system is the finance department as it need to understand the various aspect of the project its progress and the real need and demand. Also IT helps the top brass of the organization to keep track of the system progress thus helping them to take decisions that are in best interest of the company. The increased integration of the various chains into one system too has made the decision maker dependent upon the real time data generation for which the internal audit function plays a major role in deciding the different aspect of the system functions (Huber 2013) . The author also feels that the revenue invested in audit and the resources allotted for audit is very low and should be increased for a better system. Further in his paper the author has given the research direction for researchers, he has mentioned that process maturity is an important aspect of ITG and due importance should be given to it for a better system. Conclusion In this article, the various aspects of information governance were discussed in detail for better management of the system. For a better understanding of the subject, two articles have been critically compared, contrasted and analyzed. The first article which discusses the IT governance for information governance, the risks and values have helped in understanding the challenges and the opportunities that make or mars a system. The second article detailed the development of business continuity management over a decade and implementation of technology and planning for better information governance. The analyses of the two articles have helped in developing a better understanding of the subject. 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