Management Information System Report: HSBC Bank, New Zealand

This report provides an overview of the Management Information System (MIS) within HSBC Bank, focusing on its operations in New Zealand. It explores the current situation, IT infrastructure, and the impact of emerging technologies. The report delves into the challenges and issues faced, supported by a literature review discussing information technology trends and strategic planning for MIS. Furthermore, it includes an analysis of Big Data, its potential, applications in the banking sector, and its associated benefits and drawbacks, concluding with future prospects and strategic recommendations. The report highlights the importance of MIS for business success and decision-making within the banking industry, emphasizing the need for adaptability and strategic alignment with overall business goals. It also discusses the evolving landscape of information systems and their impact on organizational structures.

Running head: Global information system 1
Management Information System
Student Name
Institution
Table of Contents

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Part 1: Introduction..............................................................................................................3
1.1 Current Situation........................................................................................................4
Part 2. IT infrastructure and emerging technologies – Management issues........................5
2.1 Issues and Challenges................................................................................................5
Literature Review............................................................................................................6
Big Data – Background and Recommended Strategy: A Report to CEO............................7
What is Big Data?............................................................................................................7
The potential of Big Data................................................................................................8
How businesses are using Big Data (Banking Sector)..................................................10
Business opportunities and benefits from Big Data......................................................10
Problems and drawbacks of Big Data............................................................................12
The future of Big Data and the next steps for taking advantage of Big Data................14
Bibliography......................................................................................................................16

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Part 1: Introduction
The purpose of this report is to clarify what is "Management Information System" (MIS)
in a banking sector in New Zealand. This report will talk about how the management information
system helps distinctive offices in the organization and how the organization used to handle or
manage MIS. The capacities and advantages of utilizing MIS will similarly be analyzed in this
report. MIS can give countless benefits to ventures in the banking sector and it is vital for the
achievement of any business. It includes gathering information and preparing to give valuable
information that is applicable to the procedure of decision making in the organization. Since MIS
is critical for the accomplishment of any business, it is essential to be skilled and knowledgeable
about the topic (Laudon & Laudon, 2009). MIS can give numerous advantages to organizations
in each industry. There is a different requirement for information from every office in an
association. Thus, the management information system helps every office in an unexpected way.
In this paper, we will concentrate on the MIS infrastructure in HSBC New Zealand.
The approach of technology for the world changed the lives of individuals, all over the
place and wherever technology turned into an essential factor in each business utilize. Those
businesses that don't utilize technology are probably going to fall flat and end bankrupt. This
report tells the significance of management information technology in HSBC's working
environment. With the assistance information management systems, HSBC can easily manage all
financial and transactional work, which makes advances more profitable yet not more painful. It
also discusses the HSBC Internet site and how simple the life of a client has made with this
website. This report assesses the situation of the utilization of technology in the working
environment, affected by technology in the workplace of HSBC Bank, the title of execution,
advantages and disadvantages (Boykin, n.d.).

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HSBC is one of the biggest financial and banking administrations associations on the
planet. HSBC was the main remote bank to issue a managing an account permit in New Zealand
in 1987 after the control of the money markets of the nation around the same time. HSBC at first
opened its head office in New Zealand in Wellington, however, in 1989, it was moved to
Auckland, while an officer was kept up in the capital. The bank offers an extensive variety of
keeping money benefits through three worldwide businesses in New Zealand: retail saving
money and riches management, business saving money, and worldwide saving money and
markets. HSBC works in New Zealand as a part of Hong Kong and Shanghai Banking
Corporation Limited, which is incorporated into the Hong Kong SAR.
Website: https://www.hsbc.co.nz/
1.1 Current Situation
HSBC Bank gives an extensive variety of financial and banking services in its work
environment with the assistance of IT and computing. One of the financial services given to its
clients around the globe is the capacity of e-banking, which has turned into an expanding trend
with the universe of the present revolution of the "Internet and Mobile Computing. Nonetheless,
there are numerous issues with e-banking like ethical, security and legitimate, and you should
consider them as it is a threat to your money (About HSBC, n.d.).
Part 2. IT infrastructure and emerging technologies – Management issues
Present day information technology (IT) is considered as the consequence of an assembly
between current computerized processing and correspondence advancements. It is realized to
compute present-day digital communication technologies between current Information
Technology (IT) and the consequence of this meeting. Its significance is in form of an
'information system' which incorporates a sequence of interactions between individuals,

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information, equipment and programming, associations and their social condition. Its
significance is 'the establishment of information system', which incorporates a sequence of
interactions between individuals, information, equipment and programming in the social
condition and their association.
Information and related innovations are presently so essential for the achievement of the
business that the information is consistently considered as an independent issue of development
at a similar level with capital, land and work. Information and technology are critical for the
success of the business, now the information with financial specialists and labourers, the level of
innovation on a general case as an autonomous count. In the twenty-first century, each business
director must realize the job that information technology plays in its association as well as in the
society, under which their association must compete.
2.1 Issues and Challenges
Without completely realizing its communication with social technology, the full
knowledge of information technology is impossible. A total knowledge of information
technology has built up the world, without it being difficult to consider social communication.
IT experts who are unconscious of the social, political and monetary political parts of their work,
they are anxious to keep up the decision making. The consistent reason behind its failure in
Information Technology projects, in reality, is ignored on people (that includes organizational
and managerial) factors. In this manner, a business or IT proficient cannot ignore the soft
components in the information system, which ends up being difficult to get right! Failure because
of their projects in actual tasks is a continuous work in an association, in which management and
passage of human variables, including any business or IT system, information about the business

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have been disregarded, 'medium 'Can have components, the privilege to demonstrate the hardest
to accomplish! emerging technologies.
Literature Review
Discussion: This paper features the rising trend in information technology and its effect
on creating an organization in countries. Changes in Information Technology (IT) and
Information Systems (IS) are so quick and far-reaching that they look for consideration as
capacity working in numerous application zones. Technology Fusion is encouraging numerous
developments and is empowering the improvement of new IT services, products and process.
Developing nations require institutional courses of action to monitor IT and Information System
changes at a worldwide level to take full advantage of new improvements. Remembering the
negative and positive parts of IT for developing nations, a national information management
procedure must be set up with a complete limit building plan. Makers of the policy must be made
aware of its adaptability Information System and IT applications, which are especially reasonable
for their effect on nature and tendency of hierarchical structures, because of which many centre
layers are reduced. (Bowonder, Miyqake, & Singh, 1993)
In the journal, Strategic planning for management information systems, authors said that
the plan for the information system in the association is for the most part not firmly identified
with overall strategic planning processes through which the association gets ready for its future.
An MIS strategic planning process has been hypothesized and represented that associates the
association's "strategy set" to the MIS (King, 1978).
Analysis: This literature explains the changes between the information system and the
upgradation in the association of current enterprises, changes among firms and both. The
developing hierarchical worldview comprises beneficial changes in numerous measurements.

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The information system revolution is especially detectable as far as organizational change as the
two causes and impact. It tends to be shown by thinking about two noteworthy factors: the area
of information and the area of choice rights in associations. In view of the expense of
information transmission and processing, "MIS plan" or "solution for the redesigning the
organization" of decision-making information to exchange information, can be a successful way
to deal with getting the important collocation of decision rights and information. At the point
when information systems change fundamentally, no ideal organizational structure can hope to
be unaffected. Remembering the exchange between incentives, information and decision rights in
a bound together manner, there are new experiences and a superior authoritative arrangement.
This literature in the special issue address different parts of this discussion. In spite of critical
progress, our understanding of the financial job of the information system in associations stays in
our youth. They presumed that the successful design of the advanced enterprise should
additionally decrease the historical contrast between research in information system and research
in financial aspects (Brynjolfsson & Mendelson, 1993).
Big Data – Background and Recommended Strategy: A Report to CEO
What is Big Data?
Large or Small business organization require important data and bits of knowledge. With
regards to understanding the needs of your intended interest group and clients, big data assumes
an essential job. It additionally encourages you to satisfy their requirements. The right data
should be introduced adequately and legitimately broke down. This can help a business
association accomplish diverse objectives (Fernandes, O'Connor, & Weaver, 2012).
In basic words, big data is a mixture of all tools and process identified with the utilization
and management of huge data sets. At the point when Big Data ideas interface with various

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systems and one another, at that point there was a need to realize trends, inclinations and patterns
in huge databases. With big data, business associations can utilize analytics, and the most
profitable clients can realize it. It can also enable organizations to make new services,
experiences and products.
Knowing the value of big data remains a test, however other difficulties, including
financing and rate of profitability and aptitudes, stay at the forefront of a wide range of
businesses that implement big data. Along with this, a survey of Gartner for 2015 demonstrates
that over 75% of organizations are putting or wanting to put resources into expansive data in the
following two years. These findings demonstrate a critical increment from a comparative
overview done in 2012, showing that 58% of organizations have put or are wanting to put
resources into big data within a couple of years.
The potential of Big Data
Organizations that are using Big Data of over 50% will probably observe different
advantages than group under 50%. In the pre-gathering, around 50% of around three
organizations can gauge the effect of multi-channel campaigns around one of every two
organizations in the class. They will probably have the capacity to effectively incorporate the
activity into channels, enhance client feedback, and give customers decisions than the group,
who utilized extensive data of under 50%. These capacities generally mean better deals. It has
been critical to utilize Big Data for some, driving organizations to enhance competition. In
numerous businesses, new business visionaries and established contenders utilize data-driven
techniques to compete, innovate, and capture. You can discover examples of Big Data use from
banking to IT in relatively every field (Cukier & Mayer-Schoenberger).

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As per experts, Big Data can make several new opportunities for development. It can
similarly result in another category of business, for example, collecting and analyzing data of
industry. Most of these organizations will sit in the centre of the big information about products
and services, buyers and suppliers, customer preferences and intentions. In industries,
organizations should begin to aggressively build up their extensive data capabilities.
Aside from the wide scope of big data, real-time nature and high frequency of data are
essential. For example, the capacity to anticipate measurements including buyer devotion was
previously handled back. With big data, such practices are being utilized even more generally. It
adds a considerable measure to the intensity of prescience. Similarly, high-frequency
organizations enable theories to be tried continuously. Also, to these benefits, Big Data helps a
business in a wide range of ways. At present, Big Data is utilized in both private and public areas
(Fisher, DeLine, Czerwinski, & Drucker, 2012).
Big data is best amongst other approaches to use and collect feedback. It encourages you
to see how clients know your product and services. Hence, you can roll out important
improvements and build up your services once more. When you investigate unorganized internet-
based life content, it enables you to feature your general input from your clients. You can
similarly break the reaction in various geographic areas and statistic gatherings. Moreover, Big
Data enables you to test a few varieties of the top of the line PC helped configuration inside
seconds. For instance, you can assemble information about material effect cost, lead times,
execution, and so on. This enables you to expand the profitability and productivity of different
processes of production (Fisher, DeLine, Czerwinski, & Drucker, 2012).

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How businesses are using Big Data (Banking Sector)
The banking business creates a lot of data on a step by step basis. With a specific end
goal to separate themselves from rivalry, banks are embracing expansive data investigation quick
as a feature of their essential technique. The investigation will be an essential distinct advantage
for banks. In this infographic, we will investigate the scale at which banks have embraced
examination in their business (Cukier & Mayer-Schoenberger).
Bigger data can enable customers to pick up a more customized understanding and
accomplish vital showcasing objectives for personal, contextual and relevant offers and
communication. When you send interchanges that are in opposition to dim correspondence or
even superfluous Mastercard offers, shoppers trust that you really know them and are doing their
part to contribute in the genuine relationship. They exploit those recommendations and in
addition promote exchange rates, lifetime value and customer stocks. Customers connect with
financial administrations organizations through different channels - mobile, websites, physical
branches, kiosks, physical branches, ATMs, e-commerce sites, and so on. Data-driven client
insights empower more customized campaigns that increase high transformation and income
growth. Insights of customers can similarly make predictions, which can enable FSI to intercede
in ventures to hold customers.
Business opportunities and benefits from Big Data
Big data is a strong tool. Here are the benefits of big data in banking and finance:
Proficient Risk Management to Stop Frauds and Errors: Business Intelligence (BI)
apparatuses can recognize the potential threats related to gathering pledges forms in banks. With
the assistance of big data investigation, banks can investigate trends in the market and can settle
on increasing or reducing interest fees for various people in the various region. Errors of Data

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Entry mistakes from the manual form can be limited as client data shows too big data about
irregularities. With help of fraud detection matrix, clients who have poor credit ratings can be
recognized so the bank cannot pay them any kind of loan or credit. Amazingly, one more
significant application in banking is restricting the frequency of suspicious financial or
fraudulent transaction which can promote such terrorism or fraud activities (Polonetsky & Tene,
2013).
A personalized solution of banking to the customer: Big Data Analytics can enable
banks to know the behaviour of the client in view of their information designs, shopping
patterns, the motivation for speculation, and contribution from the individual or financial
foundation. This data assumes a vital job in winning client reliability by making individual
banking answers for them. This has a cooperative connection between banks and clients.
Improved banking arrangements can similarly boost the generation of leads (Fernandes,
O'Connor, & Weaver, 2012).
Simple recording of regulatory compliance: Majority of the representatives of the bank
guarantee that ensuring banking services takes into account all regulatory compliance standards
set by the administration 68% of bank workers say that their biggest concern is in services of
banking. BI techniques can assist customers with analyzing and track every single administrative
requirement by experiencing every individual application for exact confirmation.
Advances Total Performance: With performance investigation, worker execution can be
evaluated whether they have accomplished month to month/quarter/yearly objectives. Dependent
upon the data got from the present sales of representatives, huge data investigation can decide
approaches to enable them to better scale. Anyhow banking administrations can be completely

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tried to check what works and what does not (IBM Big Data - What is Big Data - United States,
n.d.).
Successful Customer Feedback Analysis: There will be numerous request and input on
the regular basis of the Bank's Customer Support Centers. Indeed, social media still work as a
voice platform for customer experience. Big Data Tools can enable you to get over the high
volume of information and answer every one of them quickly and adequately. Clients who feel
that their banks are of immediate significance to their reaction, they will stay faithful to the
brand.
All things considered, the banks who don't grow Big Data waves and don't ride, they
won't just remain behind but will end up outdated. Receiving the Big Data Analytics and other
leading-edge devices to replace the current banking division will assume a critical job in
deciding the lifespan of banks in the advanced period (Data, data everywhere, n.d.).
Problems and drawbacks of Big Data
Adaptability
With incredible data, it is essential to have the capacity to scale the on-request all over.
Numerous associations neglect to remember that how projects of big data can evolve and
develop quickly. Consistent stoppage of a task to include extra resources in time for data
investigation. Big data burdens similarly tend to be complicated, making it hard to allocate that
resource. The limit of this expansive data challenge fluctuates by the solution. An answer in the
cloud will scale quicker and faster than on-premises solution (Chen, Chiang, & Storey, 2012).
Absence of ability
Business data are feeling the absence of ability. Not exclusively in the absence of data
researchers, but with a specific end goal to effectively actualize extensive data extends, a modern