Report Strategic Information Systems

Strategic Information System
[DATE]
HEWLETT-PACKARD
[Company address]

Running Head: Report
Contents
Business Process......................................................................................................... 2
Business Requirements................................................................................................. 3
System Requirement.................................................................................................... 4
The Solution: Software and Vendor Selection.....................................................................5
Evaluation of Level of Efficiency.................................................................................... 6
3 ways to utlize cloud model for anhancing effciency...........................................................8
Security risks and guidelines........................................................................................ 10
References.............................................................................................................. 15
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Running Head: Report
Business Process
Commonwealth Bank of Australia established in 1911 and it was privatized in 1991. A
multinational bank, it is headquartered in Sydney, Australia, and also operates in Asia, United
States of America, United Kingdom, New Zealand etc. It has a workforce of approximately
50,000 out of which 6,000 are IT and operation departments. Its financial services include
management of fund, banking related to business, retail and institutional, management of
pension and retirement, insurance and services related to investment and brokerage
(Schlagwein, et al., 2014).
Commonwealth Bank of Australia was facing a lot of issues in the areas like, increase in the
cost of IT infrastructure, contracts of vendor which were inflexible, processes which were
labor intensive. There is a need to help banks in growing and being profitable, to provide
more value to the business of IT, and to attain advantage strategic to the bank, the IT team
should acknowledge its staff, processes which can be automated, change in the methods and
means of IT resources sourcing, provisioning, payment and bring into usable condition
(Turner, 2014). There is a need for cloud based IT operating model so as to transform all
the usable technology, people involved and processes used in the cloud based model. This
will ensure that there is gain in efficiency, savings in cost and leverage to vendor. By
implementing one good cloud computing, automation based on policy and multisourcing in
vendor, Commonwealth Bank of Australia can minimize its spending on IT (Bartoletti, et
al., 2012).
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Running Head: Report
Business Requirements
There is a big requirement for Commonwealth Bank of Australia to implement cloud
computing in its process and day to day working so as to gain overall objective and efficient
to the bank. The process can prove as a very strategic asset to the bank.
IT regards banking sector as a complex environment. On the basis of the bank security,
compliance, and IT systems, a customer established its trust and it is this trust which is very
important for bank for whom it’s functions. All these three functions are affected by cloud
computing.
In between the Enterprise Data System and other internal units, Commonwealth Bank of
Australia sensed IT –related stress and rigidity. In order to overcome, such kind of issues in
the Commonwealth Bank of Australia will have to endorse a brand new vision for IT, there is
a dire need for regaining the capabilities of IT and rebuilding its IT function, for the purpose
of selection and merger of external IT providers. This process will ensure completion of
important and huge projects of IT, eg. Which new bank program.
Commonwealth Bank’s motto is “committed to being Australia’s finest services
organization” through excellent services related to customer. Pan Australia, as mentioned
earlier also, it provides services in business banking, retail, management of funds, investment
products, insurance, brokerage services, etc.. As a 100 year old conglomerate financial
organization, it provides services to the largest customer base, which is almost 3.5million
plus electronic users and a workforce of nearly 50,000 (Bartoletti, et al., 2012).
After the massive core banking modernization program, it came into light that the Bank’s
present IT infrastructure spending are not delivering the correct yield, wherein, more than
half amount was spent on maintaining infrastructure which are very basic in nature and which
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