scenarios will be helpful because of its flexibility as there are no cases such as proving ordisproving hypotheses (Cave, 2017). It will also introduce unexpected and new results in thecourse of its study hence leading to the research being shaped in the appropriate directions. Given that the research at hand specifically deals with challenges of informationgovernance, it will be ideal for handling it under the case study research design methodology. Itis also within the use of the case study that the information attained will be an accurate subjectthat had high relevance. The case study will deliberately isolate the banking sector which is asmall study group, and the individuals who can be interviewed if need be will be the bankers,banking customers as well as bank management (Kerwin-Boudreau & Butler-Kisber, 2016). Aspart of the plan and design of the case study on how to address the study, the information usedwill be collected from the past work, which has been done by the researchers in this field.Data analysisThe rise in the use of information technology in companies has come with its challenges,and for the case of the banking sector, the issue of using information technology has also facedits share of challenges. On the matters of information governance, the banking sector hasexperienced an array of challenges, and the paper will cover the said aspects. The governance of
INFORMATION GOVERNANCE8information technology. The common entities that the use of information technology will containare social security numbers, driver licenses, customers’ passwords, passport number, sensitivefinancial information like PCI (payment card data), and medical information such as PHI(personal health information) (Kerwin-Boudreau & Butler-Kisber, 2016). From thesecomponents, it is evident that the banking sector normally handles huge information, and by that,it can be said to be “big data.” The said data do vary widely as they come from different andnumerous sources, which can also be monetized. The banking sector has made it compulsory to have Information Governance (IG) in theirmanagement to help in improving on how it handles the personal identifiable information (PII)data life cycle (Alhassan, Sammon & Daly, 2016). The information governance also aims atcoming up with a strategy that will help in balancing the value and risk elements of informationwhich are received and created by the organization within the banking sector.The bankingsector, like any other sector, do find information governance as a costly endeavour because of thecompliance with regulations. The maintenance of aspects such as email communication withinthe banking sector will increase the storage volume at a high rate. The use of email communications in activities such as attachments to numerous receiversmeans that the dozens of attachments sent to numerous receivers will increase the volume of datato be stored (Macur, 2013). The consequences of such activities mean that the banking sector
You've reached the end of your free preview.
Want to read all 15 pages?
- Spring '19