Information Systems Strategy for National Australia Bank

Running head: INFORMATION SYSTEMS STRATEGY FOR NATIONAL AUSTRALIA BANK
Information Systems strategy for National Australia Bank
Name of the Student
Name of the University
Author’s note

1INFORMATION SYSTEMS STRATEGY FOR NATIONAL AUSTRALIA BANK
Table of Contents
1. Introduction..................................................................................................................................2
1.1 Discussion about the Company.............................................................................................2
2. Discussion....................................................................................................................................3
2.1 Focus over IT Product Selection............................................................................................3
2.2 Evolution of IS/IT Strategy...................................................................................................4
2.3 Major Challenges faced by the Business...............................................................................5
2.4 Role of IS/IT in contemporary environment.........................................................................7
2.5 Management IS based on managing and controlling Organisation System..........................7
2.6 Execution of IS/IT Strategy...................................................................................................8
3. Conclusion and Recommendations............................................................................................10
References......................................................................................................................................12

2INFORMATION SYSTEMS STRATEGY FOR NATIONAL AUSTRALIA BANK
1. Introduction
1.1 Discussion about the Company
The National Australia Bank (NAB) is considered as the one of the largest financial
based institutions situated in Australia. The bank is considered as one of the largest sector in the
financial sector based in terms of earnings, market capitalisation and number of customer base.
The bank was also ranked as the 21st largest bank in the entire world that had been measured in
terms of market capitalisation (Nab.com.au 2019). The NAB had mostly developed most of their
revenue from the domestic operations. In the present operations of their business, the banking
sector is viewing some major growths with the implementation of Information Systems (IS)
strategy. Hence, with the rise of such kind of competition in the marketplace, it would be
beneficial for the banking sector to develop their information systems and thus offer their clients
with a huge facilitation of the business processes.
In order to facilitate the high business processes, NAB is working for the betterment of
their operational systems. Thus, the banking sector is on the process of implementing a high
network infrastructure based on bringing in transformation of their business processes. With the
implementation of the IT systems in their business processes, they are able to provide better
services to their customers and also enhancing the business sector (Guo and Liang 2016). Based
on the needs of developing the Information Systems, it would be also highly essential to
restructure their IT infrastructure systems. This report thus discusses about the challenges faced
by the business systems and also puts emphasis over the rise of IT infrastructure for mitigating
the faced challenges. The report also focuses over the management of IS based on controlling the
organisational structure.

3INFORMATION SYSTEMS STRATEGY FOR NATIONAL AUSTRALIA BANK