Questions:
Information management is mainly concerned with the infrastructure that is being utilized for collection, management, preservation, storage and even delivery of information. There are a few guiding principles, which enable information to be available to the right people at the appropriate time (Eroshkin et al. 2017). The following interim report provides a brief discussion on the concepts of information governance and information security with Procter and Gamble as well as usage of IT and IS in an organization in Guyana, Medical Pharmacy. According to Smallwood 2019, information governance can be referred to as the distinct strategy for proper information at any specific organization. This type of governance is responsible for balancing the subsequent risk that information is presenting with the value that information is providing subsequently. Such governance helps with legal compliance as well as operational transparencies and even reduces the total costs, related to the legal discoveries.
Any organization has the core responsibility of establishing a logical and consistent framework for staff for handling fata via different procedures and policies of Information governance (Mikalef et al. 2020). All of these policies and procedures can provide guidance for the proper behaviour about organization or employees handling all electronically stored information. Daneshmandnia 2019 has stated that information governance can be termed as extremely important for an organization as it can encompass over record management and as a result, it is able to incorporate information protection or security, data governance, risks’ management, importance and knowledge management as well as IT management. Privacy and security aspects are improved and the organizational management is able to focus on authenticity and integrity with an effective business continuity. Information governance involves business, legal and compliance driven and the components include access management, categorization and cyber security (Van Grembergen and De Haes 2018). The main principles of information governance include compliance, transparency, retention, integrity and retention.
Information Security
As per Norbekov 2020, information security refers to the distinct practice to prevent unauthenticated accessibility, utilization, disclosure, modification, disruption, destruction and even inspection of information. There are three vital and significant objectives of information security and these include confidentiality, integrity and availability. Different information risks are successfully mitigated with the incorporation of information security and it includes prevention and reduction of the core probability of inappropriate or unauthorized accessibility to data or even modification and disruption of information. It even includes various actions that are intended to decrease the distinct effects of these incidents.
As per Norbekov 2020, information security refers to the distinct practice to prevent unauthenticated accessibility, utilization, disclosure, modification, disruption, destruction and even inspection of information. There are three vital and significant objectives of information security and these include confidentiality, integrity and availability. Different information risks are successfully mitigated with the incorporation of information security and it includes prevention and reduction of the core probability of inappropriate or unauthorized accessibility to data or even modification and disruption of information. It even includes various actions that are intended to decrease the distinct effects of these incidents.
The highly secured information might undertake any format and the main focus is maintaining a balanced protection of the information. Moody, Siponen and Pahnila 2018 have mentioned that it is termed as vital or important for ensuring that the organization would be able to remove their existing issues and complexities and ensure that their organizational productivity is not hampered, under any circumstance. It is mainly accomplished through a structured procedure of risk management, which includes identification information as well as associated assets, impacts, threats and vulnerabilities, evaluation of the risks, deciding on the process of addressing or treating the risks by avoiding, mitigating, sharing and accepting them accordingly. It is also needed to monitor different activities for making adjustments as necessary for addressing any issue, improvement opportunity and change.
The main importance of information security is to reduce the risks of data breaches as well as attacks within every information technology system and a proper application of security controls would be needed for preventing unauthenticated accessibility to the confidential information (Stewart and Jürjens 2017). It is also required for the prevention of disruption of different services like denial of service attacks and also protection the information technology networks and systems from subsequent exploitation by outsiders. facing any issue or difficulty in managing the business processes and operations (Stone et al. 2018). The modification of data in P&G should be done in an efficient manner, so that the new product or future products are launched in a safe and secured methodology. The senior leadership has taken this decision for ensuring that they are able to face high competition in the market and also improve their performances accordingly.
Data collected by the organization was required to be integrated for considering their higher level data and also viewing performances accordingly. iii) The next aspect that the senior leadership has considered for information governance was that they have involved advanced analytics in the business processes and operations. It is the data analysis methodology, which utilizes predictive modelling, deep learning and even business process automation for gaining results (VORONKOVA et al. 2017). The involvement of different statistical methods can ensure that P&G would be able to forecast their sales for 12 months and even analyze business information from different data sources accordingly.
iv) The senior leadership of P&G has also ensured that they are considering a few vital IT activities in the business, known as IDS or information and decision solutions for befitting the organizational support for undertaking accurate decisions for the business. The sales and marketing domains of the organization are needed to be focused for checking their technical and human capabilities accordingly. Moreover, information and decision solutions even worked in the respective business for the purpose of consolidation of systems and then integrating them into an extremely smaller set of globalized platforms.
v) Another role or responsibility of senior leadership in P&G is that they have included global business services for using third party providers regarding every information technology capability (Prajogo et al. 2018). However, the managers have also realized that it can be extremely difficult for the outside entity to work in a closer manner with the subsequent executives of P&G for their vital decisions related to information security and governance. Each of these external
provider cannot understand the respective business for creating their respective innovations and hence also consider different IT capabilities for system designing, architectures and innovation as well as decision making.
provider cannot understand the respective business for creating their respective innovations and hence also consider different IT capabilities for system designing, architectures and innovation as well as decision making.
v) They have also ensured that they are considering a central repository for data and with the involvement of different software tools, the analysts would be able to take up suitable decisions. The traditional methods of software and hardware are eradicated with the inclusion of IDS in P&G and have included advanced technological tools for collaboration as well as strategic development.
vi) The senior leadership of P&G has also considered digitization and the main objective was proper standardization, automation as well as integration of systems and even data for the distinct purpose of creating a real time decision making and operating environment. Hence, it is expected that the organization would be highly technology enabled and business values would be driven with information governance and business value would be driven as well as competitive advantages (Hwang, Lin and Shin 2018).
vii) They have allowed to consider different data and enabling technologies in P&G and these are being linked to the centralized data warehouse. For this purpose, the senior leadership has allowed to develop a web based customizable dashboard for tracking the most relevant data and every individual employee. Different business sufficiency models would be considered for forecasting of the product market combinations and sales (Davenport, Iansiti and Serrels 2013).
These two types of statistical models for forecasting were time series based forecasting model and the propensity model. 2.3 Critical Analysis of the use of Information Systems and Information Technology and process of its impacts in Medical Pharmacy The process of decision making is needed to be supported and effective value is needed to be created for individuals and organizations and communities. It is the cycle of procedures, which support the organizational learning activities. Hence, information needs would be identified and acquired as well as organization and storage of information (Abdrakhmanov et al. 2017). Medical Pharmacy is a renowned organization in Guyana that has been doing business for several years and have successfully maintained a chain of 8 pharmacies in the entire country. Being a part of the pharmaceutical industry, the information is needed to be updated and data should be safe and secured, under every circumstance.
The organizational management has ensured to implement IS and IT in their business for gaining maximum efficiency and effectiveness. The entire cycle of information management includes different stakeholders, who are solely responsible to assure the respective quality, utility and accessibility of acquired information. These individuals are also responsible for the safe storage and disposal and also for decision making procedure (Cook 2017).
There are a few stakeholders, who have the right to originate, distribute, delete or even change information as per the organizational information management policies. Medical Pharmacy has been able to successfully execute their business processes, by aligning information management through IS and IT. The organizational management has included technology for social media management and also for involving cloud services. They have been able to use the technology in marketing in social media platforms through proper software and telecommunications network (Zhou et al. 2018). As a result, the employees have been able to interact with their customers, even in the current Questions: Information management is mainly concerned with the infrastructure that is being utilized for collection, management, preservation, storage and even delivery of information. There are a few guiding principles, which enable information to be available to the right people at the appropriate time (Eroshkin et al. 2017). The following interim report provides a brief discussion on the concepts of information governance and information security with Procter and Gamble as well as usage of IT and IS in an organization in Guyana, Medical Pharmacy.
According to Smallwood 2019, information governance can be referred to as the distinct strategy for proper information at any specific organization. This type of governance is responsible for balancing the subsequent risk that information is presenting with the value that information is providing subsequently. Such governance helps with legal compliance as well as operational transparencies and even reduces the total costs, related to the legal discoveries. Any organization has the core responsibility of establishing a logical and consistent framework for staff for handling fata via different procedures and policies of information governance (Mikalef et al. 2020). All of these policies and procedures can provide guidance for the proper behaviour about organization or employees handling all electronically stored information.
Daneshmandnia 2019 has stated that information governance can be termed as extremely important for an organization as it can encompass over record management and as a result, it is able to incorporate information protection or security, data governance, risks’ management, compliance and knowledge management as well as IT management. Privacy and security aspects are improved and the organizational management is able to focus on authenticity and integrity with an effective business continuity. Information governance involves business, legal and compliance driven and the components include access management, categorization and cyber security (Van Grembergen and De Haes 2018). The main principles of information governance include compliance, transparency, retention, integrity and retention.
Information Security As per Norbekov 2020, information security refers to the distinct practice to prevent unauthenticated accessibility, utilization, disclosure, modification, disruption, destruction and even inspection of information. There are three vital and significant objectives of information security and these include confidentiality, integrity and availability. Different information risks are unsuccessfully mitigated with the incorporation of information security and it includes prevention and reduction of the core probability of inappropriate or unauthorized accessibility to data or even modification and disruption of information. It even includes various actions that are intended to decrease the distinct effects of these incidents. The highly secured information might undertake any format and the main focus is maintaining a balanced protection of the information. Moody, Siponen and Pahnila 2018 have mentioned that it is termed as vital or important for ensuring that the organization would be able to remove their existing issues and complexities and ensure that their organizational productivity is not hampered, under any circumstance.
It is mainly accomplished through a structured procedure of risk management, which includes identification information as well as associated assets, impacts, threats and vulnerabilities,evaluation of the risks, deciding on the process of addressing or treating the risks by avoiding, mitigating, sharing and accepting them accordingly. It is also needed to monitor different activities for making adjustments as necessary for addressing any issue, improvement opportunity and change. The main importance of information security is to reduce the risks of data breaches as well as attacks within every information technology system and a proper application of security controls would be needed for preventing unauthenticated accessibility to the confidential information (Stewart and Jürjens 2017). It is also required for the prevention of disruption of different services like denial of service attacks and also protection the information technology networks and systems from subsequent exploitation by outsiders.
Governance in Procter and Gamble
P&G has considered information governance in their business processes and operations and the senior leadership played a vital role in providing maximum competitive advantages to the organization. They have implemented different strategies and plans for ensuring that P&G is able to secure their confidential information successfully (Davenport, Iansiti and Serrels 2013). These roles and responsibilities of the senior leadership for information governance are provided in the
following paragraphs:
P&G has considered information governance in their business processes and operations and the senior leadership played a vital role in providing maximum competitive advantages to the organization. They have implemented different strategies and plans for ensuring that P&G is able to secure their confidential information successfully (Davenport, Iansiti and Serrels 2013). These roles and responsibilities of the senior leadership for information governance are provided in the
following paragraphs:
i) The chief information officer and Group President of P&G has ensured that they are developing a series of different processes and systems, which allowed as well as emphasized the utilization of upgraded data and advanced analytics for the core purpose of driving their process of decision making in the organization.
ii) Data up gradation is a vital aspect for information governance of any organization to ensure that they are able to deal with only updated data and the organizational management is not facing any issue or difficulty in managing the business processes and operations (Stone et al. 2018). The modification of data in P&G should be done in an efficient manner, so that the new product or future products are launched in a safe and secured methodology. The senior leadership has taken this decision for ensuring that they are able to face high competition in the market and also improve their performances accordingly. Data collected by the organization was required to be integrated for considering their higher level data and also viewing performances accordingly.
ii) Data up gradation is a vital aspect for information governance of any organization to ensure that they are able to deal with only updated data and the organizational management is not facing any issue or difficulty in managing the business processes and operations (Stone et al. 2018). The modification of data in P&G should be done in an efficient manner, so that the new product or future products are launched in a safe and secured methodology. The senior leadership has taken this decision for ensuring that they are able to face high competition in the market and also improve their performances accordingly. Data collected by the organization was required to be integrated for considering their higher level data and also viewing performances accordingly.
iii) The next aspect that the senior leadership has considered for information governance was that they have involved advanced analytics in the business processes and operations. It is the data analysis methodology, which utilizes predictive modelling, deep learning and even business process automation for gaining results (VORONKOVA et al. 2017). The involvement of different statistical methods can ensure that P&G would be able to forecast their sales for 12 months and even analyze business information from different data sources accordingly.
iv) The senior leadership of P&G has also ensured that they are considering a few vital IT activities in the business, known as IDS or information and decision solutions for befitting the organizational support for undertaking accurate decisions for the business. The sales and marketing domains of the organization are needed to be focused for checking their technical and human capabilities accordingly. Moreover, information and decision solutions even worked in the respective business for the purpose of consolidation of systems and then integrating them into an extremely smaller set of globalized platforms.
v) Another role or responsibility of senior leadership in P&G is that they have included global business services for using third party providers regarding every information technology capability (Prajogo et al. 2018). However, the managers have also realized that it can be extremely difficult for the outside entity to work in a closer manner with the subsequent executives of P&G for their vital decisions related to information security and governance. Each of these external
provider cannot understand the respective business for creating their respective innovations and hence also consider different IT capabilities for system designing, architectures and innovation as well as decision making.
provider cannot understand the respective business for creating their respective innovations and hence also consider different IT capabilities for system designing, architectures and innovation as well as decision making.
v) They have also ensured that they are considering a central repository for data and with the involvement of different software tools, the analysts would be able to take up suitable decisions. The traditional methods of software and hardware are eradicated with the inclusion of IDS in P&G and have included advanced technological tools for collaboration as well as strategic development.
vi) The senior leadership of P&G has also considered digitization and the main objective was proper standardization, automation as well as integration of systems and even data for the distinct purpose of creating a real time decision making and operating environment. Hence, it is expected that the organization would be highly technology enabled and business values would be driven with information governance and business value would be driven as well as competitive advantages (Hwang, Lin and Shin 2018).
vii) They have allowed to consider different data and enabling technologies in P&G and these are being linked to the centralized data warehouse. For this purpose, the senior leadership has allowed to develop a web based customizable dashboard for tracking the most relevant data and every individual employee. Different business sufficiency models would be considered for forecasting of the product market combinations and sales (Davenport, Iansiti and Serrels 2013). These two types of statistical models for forecasting were time series based forecasting model and the propensity model.
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