Research Paper First Draft

Running Head: INFORMATION GOVERNANCE

INFORMATION GOVERNANCE 8

Information Governance

Student Name: Sunil Kumar Parisa

University of Cumberland’s

Date: 03-21-2020

TABLE OF CONTENTS

INTRODUCTION …………………………………….….. 1

LITERATURE REVIEW………………………………………2

METHODOLOGY/ DATA COLLECTION…………………..3

FINDINGS/ RESULTS…………………………………….…..4

DISCUSSION………………………………………………..…5

CONCLUSION………………………………………………..6

REFERENCES…………………………………………………7

INTRODUCTION

In the modern world, the corporation's data has become an essential part of any organization. Organizations create and keep essential customer and transaction data to guide the process of decision making. (Deepak 2018) Information governance encompasses all the activities concerned with data collection, analysis, and interpretation in the process of decision making. Modern businesses are fueled by the availability of information and data. Information and data have become one of the most critical business assets. Information technology has huge impacts on modern businesses in the modern world. Information governance is very critical in the process of managing the organizational data, which helps in the decision-making process; information governance ensures that the information collected is kept safe from intruders. Organizations follow certain information control processes to secure their information. (Smallwood, 2019) This report outlines the information governance research in the sequence of; literature review, methodology, findings, and conclusions, and the final section cover the resources used in this research in the pages below.

LITERATURE REVIEW

Information governance had a long history around the 20th century when various organizations developed the concepts of information and data capture. Prior to that, many organizations and corporations kept huge manual records with corporate information and data. (Rasouli et al, 2016) Traditional systems did not provide for effective systems for managing huge data sets. The majority of the companies and corporations used manual approaches to manage their information, which made retrieval of that data cumbersome and a tedious process. Information governance developed due to the need to secure essential information for businesses. One of the crucial steps in the development of information governance was EDRM. (Mikalef et al, 2018) The model had the initial function of identification and solutions of the previously existing systems. The early developers of the information governance appreciated that the traditional systems were highly inefficient and resulted in significant losses in business. The 21st century marked the start of the information age. Many organizations started depending on the information in various aspects of life and business functions. (Deepak 2018) The development of the technology of data storage and the advancement of information systems became very important in information governance.

METHODOLOGY/ DATA COLLECTION

This research will use the quantitative techniques in carrying out the study on information governance in modern corporations. The tool of data collection that will be applied will be the questionnaire. The questionnaire will consist of both closed-ended and open-ended questions. The random sampling method was employed in selecting the study sample. Before the process of data analysis, data were cleaned to ensure that any missing figures were reconciled and outlier figures ruled out. The data collected was analyzed using Static data analysis software.

FINDINGS/ RESULTS

Corporations are investing in investment in information governance through technologies that help keep data secure. However, some important regulations govern the management of data and information by the organizations. Some organizations which ignore these regulations risk facing the court processes. (Smallwood, 2019) Many organizations have limited knowledge of the regulations that govern information storage and sharing. Information governance has a long history, but the start of the 21st century marked an important point in the application of information governance. Organizations that employ information governance face the risk of system intrusion by hackers. Information systems have enabled corporations to act with more efficiency and increased significantly business operations and profits.

DISCUSSION

Information governance is a concept that is integrated into the management, processing, archiving, controlling, and retrieving essential information of the organization. (Smallwood, 2019) Information governance allows organizations and corporations to comply with the globalization requirements in the business. Many businesses are producing big data and information which need to be managed effectively. This is achieved through the use of technology that has the capacity to store big organizational data and makes the process of retrieving that information easy. (Deepak 2018) The businesses face a number of compliance issues when handling some confidential information about their clients or customers. Disclosure of customer's data is unethical; such data should only be shared after obtaining consent from the customers. The modern technology used by corporations to store data and other information handle large data, which provides important information about the direction and the future of the business. Corporate decision-makers use the data and the information generated by information governance systems to make rapid decisions when there develops a problem in the general organizational management. Information governance is not only restricted to storing organizational data. It also allows the organization to share data amongst the several departments or other similar organizations. Information governance is very effective in the process of monitoring the volume of sales. Information governance helps to integrate the various and diversified business processes and increases the general visibility of the entire information landscape in the organization. (Rasouli et al, 2016) The storage of data by an organization or a corporate is followed by strict regulations and compliance approaches. Information collected by corporations is always subjected to the risks of disclosure and loss due to advanced cybercrimes. There are many regulations that require organizations and businesses to keep the confidential information they collect safe. When intruders access the system of organizations, they access important information that can result in losses to the organization and the individuals or the employees. (Smallwood, 2019)

CONCLUSION

Modern organizations and corporations are investing so much of their resources to purchase systems that allow them to effectively store the huge data that their corporations generate. Information and data is a very important asset in modern businesses. If any business has to accomplish its mission and vision, it must invest in information system advancements. Information governance allows the organizational leadership to keep a timely record of the daily activities taking place in an organization. Organizations are able to detect any drastic decline in sales or the number of customers served in one day and make essential changes before things go out of hand. (Rasouli et al, 2016) Information systems allow the process of information sharing to facilitate departmental achievement. The sharing of information across the organizational departments ensures that the platform used does not compromise the confidentiality of the information. Corporations must secure their information systems by using the services of a cyber expert or application of other technologies that secure systems against intruders. Cybercrime can result in financial damages to an organization or corporation. Corporations that have invested in information governance are leaping from the benefits which accompany information governance, such as timely decision making and improved efficiency.

REFERENCES:

Deepak, S. (2018). Right to information act 2005 a study of its implementation in himachal pradesh.

Rasouli, M., Trienekens, J. J., Kusters, R. J., & Grefen, P. W. (2016). Information governance requirements in dynamic business networking. Industrial Management & Data Systems, 116(7), 1356-1379.

Smallwood, R. F. (2019). Information governance: Concepts, strategies and best practices. John Wiley & Sons.

Coyne, E. M., Coyne, J. G., & Walker, K. B. (2018). Big Data information governance by accountants. International Journal of Accounting & Information Management.

Kern, R., Mandelstein, D. J., Milman, I. M., Oberhofer, M. A., & Pandit, S. (2016). U.S. Patent No. 9,286,586. Washington, DC: U.S. Patent and Trademark Office.

Mikalef, P., Krogstie, J., van de Wetering, R., Pappas, I., & Giannakos, M. (2018, January). Information Governance in the big data era: aligning organizational capabilities. In Proceedings of the 51st Hawaii International Conference on System Sciences.

Certification of Authorship

Submitted to (Professor’s Name): Dr. Mary Cecil

Course: __ITS 833________________

Student’s Name: __Sunil Kumar Parisa____

Date of Submission_03/21/2020_____________________

Purpose and Title of Submission: __Research Sentence Outline____________________

Certification of Authorship: I hereby certify that I am the author of this document and that any

assistance I received in its preparation is fully acknowledged and disclosed in the document. I

have also cited all sources from which I obtained data, ideas, or words that are copied directly or

paraphrased in the document. Sources are properly credited according to accepted standards for

professional publications. I also certify that this paper was prepared by (me)

for this purpose.

Students’ Signature: ___________Date____03/21/2020________