UUIS8000: ANZ Bank IT Infrastructure and Big Data Journal Analysis

This journal entry analyzes the IT infrastructure of the ANZ bank, focusing on various aspects. The analysis begins with an overview of the bank's current IT infrastructure, highlighting its ability to serve customers while identifying areas for improvement. The author then delves into security threats, emphasizing the increasing risks associated with expanding global networks and sophisticated environments. The journal further explores big data, defining its characteristics and potential impact on organizations, particularly in terms of data analysis and customer management. The author examines how big data technologies can create opportunities for the bank, improving customer service, and providing better decision-making capabilities. The journal provides a comprehensive view of IT infrastructure and its impact on the business.

Running head: JOURNAL
JOURNAL
Name of student
Name of university
Author’s note:

1
JOURNAL
19/09/2019
I analysed the present IT infrastructure of the ANZ bank for initiating the preparation of the
report. The present IT infrastructure of the bank is able to provide the people with services
that are required by the customers but there are several issues raised by the people that are
required to be solved. The technology initiatives of the bank are presently extensively
focussed on the customers.
22/09/2019
I mainly analysed the threat to the security breaches in the bank. It has been concluded that
with the increasing worldwide networks as well as the sophisticated environments, there is an
increased threat to the security breaches. The IT infrastructure could be considered as the vast
field that mainly contains the various components like the network and the security structure,
the storage as well as servers, the business applications, the operating systems and the
databases.
25/09/2019
The various aspects of the big data are analysed. Big data could be described as the sector
that treats the methods of analysing, systematically extracting any information from, or even
deal with the data sets that could be discovered as too complex or even large to be dealt with
by any conventional application software of the data processing. The data with major cases
provides the improved statistical power, while the data with any higher complexity might
lead to the increased false discovery rate. The big data mainly represents all the information
assets that are characterised by significantly high volume, the variety and the volume that are
required for appropriate technology as well as the analytical methods for the transformation
of the value. While the massive increase of the need of data storage has the potential of
transforming the revenues and the operational effectiveness, few of the organisations are
presently been able to monetize and even operationalize the potential of the big data.
28/09/2019
The main prospects where the big data technology could help the organisation are analysed. It
could be analysed that for the ANZ bank, the big data technology would help in creating the
new opportunities and completely new category of the companies like those that helps in
aggregating and analysis the data of the industry. The bank could analyse the generated data
in real time for providing the customers with better improved decisions and services. It could
be analysed that the main sector where the big data technology would have the most impact is
the customer management. The queries of the customers could be efficiently solved and the
required solution would be easily provided to the customers.