Information System Strategy for ANZ Bank

INFORMATION SYSTEM STRATEGY 1
Information System strategy
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Executive summary
Information technology has evolved. Evolution in information technology has been
motivated by the exponentially increasing need for more secure, robust, reliable systems.
Sensitive information requires a high level of integrity to meet the confidence level requirement
of clients. The need for speed in storage and retrieval has also motivated shifting from the
traditional information storage systems.
In history, the first information storage system was the human brain. Accounts and other
information were dependent on the human capacity to remember. It was inconvenient, and the
invention of writing and reading led to paper information storage. Paperwork faced the
challenges of fading writing ink, vandalism, and tiresome. Later the computer work use came
into play. The data systems were mainly offline, but online software was then invented. This
article delivers a report in the manager's capacity to the CEO on the information system in
banking.

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Table of Contents
Introduction................................................................................................................ 3
Organization background........................................................................................... 3
AZN bank structure.................................................................................................... 4
ANZ mission............................................................................................................... 5
Relationship with the government and other organizations.......................................5
ANZ business strategy................................................................................................ 5
Organization URL........................................................................................................ 6
IT infrastructure and emerging technology................................................................6
ANZ current information technology infrastructure....................................................6
Challenges of managing the information technology infrastructure...........................8
Emerging technology in information infrastructure....................................................9
Cloud computing..................................................................................................... 9
Mobile phones....................................................................................................... 10
User interface........................................................................................................ 10
Analytics................................................................................................................ 10
The technology already in use.................................................................................. 10
Recommendation on the emerging technology to incorporate................................11
Justification of recommendation............................................................................11
Big data.................................................................................................................... 11
The potential of big data.......................................................................................... 12
How organizations are using big data......................................................................12
Business opportunities and benefits from big data..................................................13
Drawbacks of using big data.................................................................................... 13
Future of big data..................................................................................................... 14
Steps to take advantage of big data........................................................................14
The recommended strategy to leverage big data....................................................14
Identify the resources required............................................................................. 15
Create a vibrant team of experts..........................................................................15
Reasons ANZ bank should consider investing in big data........................................15
The key areas big data is likely to be applied in ANZ bank Future planning............15
.Risks of big data...................................................................................................... 16
Storage and retention........................................................................................... 16

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Cost management................................................................................................. 16
Incompetent analyst.............................................................................................. 16
How to mitigate the above risks...............................................................................17
Supporting tools, solutions, and skills required in big data......................................17
How to measure the success of big data initiative...................................................17
Composition of the governing body of big data........................................................17
Conclusion................................................................................................................ 18
Recommendation..................................................................................................... 18
References............................................................................................................... 19

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Introduction
The highest percentage of the New Zealand population has at least once been involved in
a trade. Some people are involved in the trade as a profession while others are in search of
consumers' goods. The business in the discussion is not limited to the product or the field.
Mining, real estates, agriculture, art, and service delivery are considered to fall under the same
capacity. The criterion in use is consideration of monetary exchange. At times the exchange
involves no business activity in cases like inheritance, gifts, or donations.
When the above scenarios involve a large amount of money, security concerns of the
holder becomes a subject to risk (Ani, 2017) Also, some people have the willingness and
capacity to carry out business activities but suffer financial disadvantages. Further, valuable
items like documents and expensive metals like gold and silver subjected the owners to the
security threat hence the demand for safety.
The above threats and risks became a business idea. Individuals in the BCs era
established a small organization where they gave out grain loans and received interest in a larger
amount of the same commodity. Later, they used gold and other valuable items until the use of
money came into being Bakhtizin, Loginov, Shkuta, & Abramov, 2018).
People who had accumulated high amounts of valuable items and money got an
assurance of their security when stored in the organization. This is how banking came into being.
The idea and the activities spread throughout the universe. Many countries have banking
institutions, and New Zealand is no exception.
Organization background
The organization in discussion in this report is ANZ bank. The bank is the leading among
the largest in New Zealand owing to its capital, employees, and facilities. The bank has about

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9000 employees, 199 branches, 652 ATMs. The assets amounts to $163 673.50 and $1,347,867
liabilities. This statistics is a clear indicator that the bank is the second-largest and third in
capitalization across Australia (Baller, Dutta, & Lanvin, 2016).
ANZ is located in Australia; it is a multinational bank with its headquarters located in
Melbourne. Being a multinational bank suggests that it operates across the continent, Australia.
Major business processes Services offered
ANZ bank has the expertise, competence, and agility in banking. It is vibrant in market
colonization and dominance through marketing and gathering of resources to finance the
activities of the organization. The bank offers a variety of services explained each explained
concisely to fit in the limited word count of this report (Rubtcova, & Pavenkov, 2018)
The bank offers individual banking services to assist individuals in managing their
finances. These include opening and checking accounts, savings accounts, debit and credit cards
as well as the provision of insurance services (Bui, Hussain, & Kim, 2017). The bank also
provides loans to individuals and businesses for personal use and development. The bank also
offers digital banking services, which include sending text alerts, e-Statement, and online bills
payment.
AZN bank structure
The bank is owned by a group of shareholders and constitutes of some other businesses
absorbed through a merger. The organization is managed by the executive manager in the
assistance of several managers in the various departments.