Effective Implementation and Governance of Information Security Policies
The advent of information technology in determining the business opportunities through online medium has also pushed information security on slippery grounds. Therefore efficient managerial skills are required to combat the risks associated with information security.
The facilities of Information Communication Technology (ICT), especially in the fields of online shopping has opened up fresh grounds of transfer of confidential information pertaining to business and financial matters into wrong hands. Therefore, a holistic approach of combating these illegal issues needs to be taken up by the managers.
Breach of important data and online frauds can be combatted by efficient implementation and governance of information security policies. The magnitude of fraud is also dependent on the type and size of the organization. A balanced approach where the technical, human as well as organizational factors are taken into account is essential. Acquisition of new technologies and raising awareness among the stakeholders about information security, especially through compliance training can be effective in this regard. Information security of a company is directly related to the market, share price and sales of a company. The report of any such breach may affect customer loyalty, thereby destroying the goodwill of the company.
Prior researches like those conducted by ‘Ezingeard and Bowen-Schrire’ (2007), or ‘Whitman and Mattord’ (2012) emphasize on efficient management of these problems by managerial and administrative bodies. This article by Soomro, Shah and Ahmed recommends similar solutions in more in-depth and contemporary format.
Combatting the fraudulent use of Big Data Analytics is of utmost importance in the current age of technological advancement.
Data-intensive technologies, also regarded as Big Data programs, while on one hand, has helped in making significant advances in business process management, on the other hand, it has also resulted in capturing, storage, analysis maltreatment of essential data by the by illegal personas, which has a severe impact on the business prospects of a company.
Much study has gone into this field which can be exemplified by the invention of Large Synoptic Survey Telescope (LSST), which is said to record 30 trillion bytes of image data on a single day.
According to (Chen & Zhang, 2014), the impact of Big Data problems are felt on almost every field, including policies of business, public administration, national security, as well as scientific researches. Older data-curation methods are unable to manage the ever-growing complicated database and transmission of essential data. As such, several Big Data tools and techniques like adequate optimization methods, a check on the statistics of a company, modern data-mining techniques, along with machine learning and artificial intelligence are suggested. A constant check on the visualization approaches and changing trends of social networks must also be analysed carefully. Some of the software tools to combat Big Data problems include ‘Apache Handoop’, ‘Dryad’, ‘Skytree server’, ‘Tableau’, ‘SQLstream s-Server’, and ‘Apache drill’ to name a few.
Efficient use of features like granular computing, cloud computing, bio-inspired computing, and quantum computing are recommended as possible IT tools to combat problems pertaining to Big Data, which has a direct impact on business process management.
Tools and Techniques to Combat Big Data Analytics Problems
The different cultural background of the people working as a team on virtual media has a significant bearing on outsourcing of and through information technology.
In the modern world, management of strategic outsourcing forms an essential part of any business. The cultural factors and its nuances has not been studied much in the process of outsourcing. With the growing trends of plurality, in terms of IT needs of a company, much emphasis has been started to be attached to the outsourcing with the aim of improvement in brand equity and business.
One major problematic area is the cost of outsourcing on a mass scale, which would cater to the socio-cultural as well as spacio-temporal frames. Linguistic differences can lead to a communication gap, which, in turn, may further enhance the difference in work ethics. The linguistic gaps probes a serious problem during customer-dealing. Difference in the legal structure can also be a hindrance.
However, past researches, like those by Guindi and Kamel (2003), suggest that a tactful amalgamation of these diversities can actually improve the business through outsourcing over a large area. Following a similar trend Gurung and Prater suggests that the issue of psychic distance offers a framework of study that is new and more comprehensive, and trust and cooperation among a big and talented virtual teams can help the company attain success in outsourcing and business through the use of IT, in spite of many hindrances.
This article by Mitreva, Taskov, and Crnkovic shows how IT tools in the form of technologically advanced laboratories and associated instruments, all conforming to ‘Total Quality Management’ (TQM) can help combat the problems of HPV (Human Papilloma Virus) at the Clinic for Gynecology in Skopje, Macedonia.
Technological advances and new methods of testing in a well-equipped diagnostic laboratory helps to enhance the current business processes.
The disease was caused due to genetic or sexual transmission of affected DNA cells. It had been incurable for a long time due to the absence of adequate IT infrastructure that would help to detect and treat the problem by use of the right kinds of trainings. Lack of proper information and training in this fields was another cause which limited the scope of laboratory usage.
Pro-active teaching and training in this field with the provision of adequate facilities has significantly improved the business prospects by addressing not just the disease but the very cause of the disease, and prevention of the same, that could reduce the cost of treatment for the patients. These preventive measures are taken by proper monitoring, controlling and making vaccinations of the disease compulsory, especially through a correct execution of the laboratory. It also triggered information sharing on international scale regarding the treatment of critical diseases.
In the last few decades, the application of game theory has made significant contributions in corporate innovation and the enhancement of different fields of business processes.
The elements that make a game interesting are significantly being used by administrative bodies to improve the work culture by setting up innovative and interactive modes of communication and performance among the stakeholders. Three cases are taken up to study the creative drive provided by gamification to corporate business ventures.
Cultural Aspects and Nuances of Strategic Outsourcing
A paper titled ‘Business Model Design Games: Rules and Procedures to Challenge Assumptions and Elicit Surprises’ by Sune Gudiksen talks about how gamification seeks to improve business model through a dynamic and holistic approach.
The paper ‘Toolkit-based Modeling and Serious Play as Means to Foster Creativity in Innovation Processes’ by Klaus-Peter Schulz, Silke Geithner, Christian Wölfel and Jens Krzywinski shows how unanimous creative efforts in the development of products and services, when viewed from the perspective of game theory, can foster goal-oriented collaborative strategizing among the stakeholders, thereby leading to the formation of a distinct corporate identity.
In third case, the notion of ‘crowdsourcing’ has been addressed by citing examples of live cases, regarding how a raging disproportion between ‘crowdsourcing’ and ideation can be addressed and regulated to enhance value creation.
Thus, the article shows how games and their theories act as innovative IT tools to stimulate creativity within an organization.
The quality and safety of food is largely dependent on the managerial skills associated with food supply chain, which in turn, is determined by the traceability of faulty parameters in the field.
Modern technologies help to abide by the principles of traceability, fulfilling the requirements, and thereby ensuring optimization of business processes.
The ever-growing health consciousness among people, especially in context of food necessitates a strategic approach towards food supply chain management. The use of well-equipped automation to identify problematic areas and ensure quality and reliability of food, both in small as well as large scale, helps to abide by the legal terms and secure the business prospects of a company. The use of IT tools like bar code, data matrix, Quick Response (QR) code, as well as radio frequency identification (RFID) are successfully deployed by managers to identify and solve problems in food-supply chain. The implementation of an efficient ‘traceability system’ (TS) is extremely important. Several procedures like probabilistic model, qualitative methods, spreadsheets and algorithms have been extensively suggested by prior studies as possible tools.
Therefore, according to (Dabbene, Gay & Tortia, 2014), orienting the management policies for effective use of TS, along with other IT tools like HACCP (hazard analysis and critical control point), may benefit the business of food supply chains to a large extent.
Deutsche Telekom Innovation Laboratories makes use of certain IT tools to foresee the changing trends of market, and manage responsively to encompass certain changes within the organization with an aim to enhance value creation and improve the business prospects of the company.
The article focuses on the adoption of certain strategic measures to meet the needs highlighted through corporate foresight. In this case, the size and operative area of Deutsche Telekom (DT) being huge, the IT tools need to be spanned across the large volatile environment that is prone to operational errors due to lack of relevant infrastructural amendments that can be adequately foreseen and relevant changes foreseen. The problems circulate chiefly around the T-Labs which constitute the central research and innovation unit within the concerned telecommunication organization. The chief problem lies at the very root, that is, in the proper detection of problems, which results in miscommunications, and further complication. The decision makers and foresighters are not sufficiently convinced, which hinders responsible and strategic reactionary changes within the functional system.
IT Tools Combatting HPV at the Clinic for Gynecology in Skopje, Macedonia
As preventive measure, IT tools like Real-Time Delphi analysis, Internet based broadsheet search, online competition of ideas, corporate directories, and the like are implemented. The corporate foresight is largely based on the model proposed by Daft and Weik ‘Organizations as Interpretation Systems’. The new system largely makes use of the ‘PEACOQ Scouting Tool’, the ‘PEACOQ Gate 0.5’ interface, along with a ‘Foresight Landing Page’ which facilitates crowdsourcing within the organization. Thus, an application of modern IT tools helps to integrate strong corporate foresight within the system.
The growing use of ‘Industrial Internet and Factories of the Future’ (Industrie 4.0) is viewed as revolutionary agent in the field of industrial activities. It encompasses the Cyber-Physical Systems (CPS), which seeks to elicit autonomous and intelligent exchange of information that helps to manage the business processes and facilitates productivity.
Toro, Barandiaran and Posada (2015) holds that the models proposed by Industrie 4.0 would further motivate the paradigmatic shift in the adoption of Knowledge Based Intelligent Systems. Industrie 4.0, through CPS, aims to enhance the broader fields of Industrial Big Data, Industrial Cloud or Internet Computing, Cyber Security, Industrial Automation, Visual Computing, Product Life Cycle Management, and the like. The process suggests usage of certain efficient features like Automation ML, its semantic version ReApp, Zentrales Innovationsprogramm Mittelstand (ZIM), and Virtual Engineering Object (VEO). These features aim to enhance the IT infrastructure by mooth flow of knowledge and information, especially in the manufacturing processes, of industries.
Under the umbrella of Graphical User Interface, several modern IT tools like OWL-DL, Mahout, or MongoDB are used as case examples for statistical analysis of database function, visualization, communication and standardization of various aspects within an organization.
Thus, a conceptual study of the use of Industrie 4.0 helps to understand how its real-time use would benefit business process management, especially in manufacturing industries.
Earlier forms of ‘Life Cycle Assessment’ (LCA) tools were unsuitable in keeping pace with changing modern trends of availability of data and rapid change in technology, chiefly because they approached environment and technology as two separate entities. As such, modern LCA tools are required for a synthesis of these phenomena, to enhance economic output, especially in the field of photovoltaic (PV) technologies, by appropriating adequate framework that encompasses forecasting and risk management, along with comparative analysis of the past and present challenges.
This article presents four major challenges in this regard, which are – creation of proper LCA prospects, adequate social engagements, integration of contemporary risk management tools, adequate LCA based tools to address complicated decisions.
These challenges can be addressed by the use of structured scenarios which promotes future developments through mono-crystalline photovoltaic devices, development of a model where stakeholders are informed and engaged in the decision-making process, precision of statistical information by incorporating materials like carbon nanotubes (CNT) s. This process is followed by modern data analysis methods based on an amalgamation of electricity and Cadmium-Tellurium (CdTe) panels or other crystalline-based products, all of which helps to identify uncertainties in terms of environmental impacts and drives the decision-making process accordingly.
The article makes sufficient use of the reports from U.S. Environmental Protection Agency’s (EPA) Science to Achieve Results program, the National Science Foundation (NSF), and the Department of Energy (DOE).
The prospects of PV technologies can be improved by the use of the aforementioned LCA features, although these technological methods are universally applicable in other domains as well. However, they cannot work independently without the support of the institutional organization and modernized data sharing methods.
Modern, innovative and knowledge-based technological devices need to be designed for a more efficient study of bioeconomy. The application of these information channels can be implemented through a holistic managerial development aimed at enhancing resource allocation and value-chain system, pertaining to bioeconomy or the economic turnovers through organic products.
According to Golembiewski, Sick and Bröring (2015), the major challenges in the path of technological and innovative in the process of bioeconomy improvement are threefold. Firstly, Bioeconomy is rooted to diversified scientific disciplines which limit the prospects of study, especially through a modern approach. Secondly, the complexity is further heightened by emerging trends of complicated technological advancement, which results in cognitive distancing. Thirdly, the widespread commercialization and diffusion of technologies in the market poses a significant challenge, which involves various business processes like effective cost management and customer responses determining changes in the development and distribution of products.
The challenges can be overcome by adoption of efficient ‘technology and innovation’ (TIM) management through collaborative learning efforts among farmers and researchers. Through the implementation of TIM, open innovations are suggested through as approachable methods towards gaps within the competency. Sustainable innovation can come through sharing of technological advances, the unanimity and competitive spirit in gathering of similar resources can improve value chains, which in turn garners innovative technology adoption and diffusion for an increased profitability. Davis’ ‘technology acceptance model’ along with distribution of knowledge and the formation of a perception of the usefulness of the technologies among customers is viewed as a catalyst for business.
Thus, a nuanced format of TIM technologies and a comprehensive, interdisciplinary study and distribution of the same helps to enhance business prospects and value chains with respect to bioeconomy.
Accurate maintenance of Electronic Medical Records (EMR) is extremely important for efficient performance in the healthcare industry. The adoption of emerging technologies has resulted in a paradigmatic shift in the workflow of healthcare services.
Increasing demographic changes in the aged population of developed or developing and industrialized states have hugely increased the workload and responsibility of healthcare systems, which necessitates the urgent use of new technologies to meet the physiological need of the population.
Evolutionary trends in information technologies pertaining to the medical field like health sensing, big data analysis and cloud computing in the healthcare industry serves to easy access of health-related concerns. Technological advancement facilitates EMR, EHR (Electronic Health Record), and Personal Health Record (PHR), through efficient retrieval of medical information and medical data mining. Multiple modes of image retrieval have enhance the detection of problems and application of remedial measures. Security and privacy protection is also ensured through the implementation of CIA (Confidentiality, Integrity, and Availability) methods. The provision of e-health facilities is one of the newest developments in the field. One such tool is provided by the company Accenture, in the form of Accenture Medical Imaging Solution which facilitates an automatic process of real-time data collection and their distribution over the medical centre’s cloud storage, in spite of physical distance between the patient and the medical bodies.
Growing technologies have come to regard patients as consumers, whereby they are empowered to take responsibility of their own health. The technologies hugely boosts preventive care and fosters collaborative activities for enhancement of healthcare.
Thus, the article suggests possible solutions regarding how emerging technological advances helps to tackle the growing complications of health, thereby optimizing the business processes of the medical organizations.
Clean-tech innovations have largely started to use the analytical tool of ‘Technological Innovation System’ or TIS. However, the application of this framework is subject to limitations, particularly geographical. In this regard, the earlier use of TIS system were able to traverse the transnational boundaries, which has become increasingly difficult for the modern systems. These transnational behaviour being directly related to economic development, it is extremely important to adopt the same at present.
Some of the challenges faced by the transnational dimensions of the clean-tech TIS include failure to internalize the environmental cost benefits along with an existing inability to compete financially, relying on support from the government to increase the market stimulus.
According to Gosens Lu and Coenen (2015), the transnational activities can be improved by scientific cooperation on international basis with special emphasis on R&D, mobilizing skilled personnel across the globe, activity-based management of cooperation among transnational corporations, the global market having cut-throat competition it is wise for new clean-tech systems start their operations by focusing on niche areas. Once established in these local markets, global markets can be approached thereafter. Institutions like Global Environmental Facility (GEF), World Bank, IMF and Regional Development Banks can be approached for financial support. Institutions like National Learning Systems, International Technology Transfer, and Global Production Networks have been referred to for a plurality of perspectives.
Thus, global economies can optimize their business processes by gradually exploring transnational dimensions through efficient implementation of TIS.
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