scholarly journals Challenges of IT Governance in the Financial Sector: A Study from Saudi Arabia

TEM Journal ◽  
2020 ◽  
pp. 1580-1587
Author(s):  
Wafa Najjar ◽  
Shrouq Alharbi ◽  
Heba Fasihuddin

The financial sector plays a significant role in the economics of all nations. The Saudi Arabian economy ranks amongst the top twenty in the world. Consequently, the financial sector occupies a critical position within Saudi Arabia. Contemporary digital technology has rendered the financial sector heavily dependent upon information technology (IT) as a means of enhancing and extending its operational scope. Hence, efficient governance is required to streamline and utilize information technology. Moreover, the pivotal importance of the financial sector requires that IT governance challenges have to be swiftly identified. However, there is a manifest absence of scholarship regarding IT governance issues not only in the widest sense, but also specifically in the context of the financial sectors. This research seeks to identify the inherent challenges associated with IT governance in Saudi Arabia's financial sector with a view to generalizing any findings and contributing to future research in this field.

Author(s):  
Gaurav Chaudhari ◽  
Pavankumar Mulgund

This paper aims to explore the importance of COBIT 5 as a framework, in ensuring the effective “Governance of Enterprise Information Technology (GEIT)”, and to promote the understanding of the five COBIT 5 principles. A comprehensive literature review has also been performed taking into account a total of 56 research papers published in the last decade on COBIT. The data collected from these research papers was analyzed in order to identify various trends- commonalities, differences, themes, and the nature of study. The research papers have been categorized first on basis of their scope and secondly on their nature (empirical, conceptual or descriptive). Towards the end of the paper, we have provided an overview of our findings on the strengths and weaknesses of the research papers studied, and have made suggestions for future research.


2020 ◽  
Vol 1 (1) ◽  
pp. 79
Author(s):  
Sufi Sufi ◽  
Julian Sabri

The application of information technology in the era of the Industrial Revolution 4.0 has provided great convenience and impact on various sectors of life in a country, including the ease of promoting tourism. One of the topic that is developing in the world of modern tourism is digital tourism. The use of digital technology is one of the methods developed by the Ministry of Tourism in promoting tourism in Indonesia. This study produces an outcome regarding the implementation of local government policies in the tourism sector in Lhokseumawe City and the strategies used in promoting tourism towards the tourism era 4.0. Data collection techniques in this study by making observations (observations), interviews (interviews), and documentation. Meanwhile, data analysis techniques are carried out through data reduction, data presentation, and drawing conclusions / verification. It is hoped that the Lhokseumawe City government will cooperate with all elements of tourism actors, both private and public, so that every policy can run well and the benefits of tourism can be felt by all people.ABSTRAKPenerapan teknologi informasi dalam era Revolusi Industri 4.0 telah memberikan kemudahan dan dampak yang sangat besar bagi berbagai sektor kehidupan dalam sebuah negara, termasuk kemudahan dalam mempromosikan pariwisata. Salah satu topik yang berkembang dalam dunia pariwisata modern adalah digital tourism. Pemanfaatan teknologi digital ini merupakan salah satu metode yan gdikembangkan oleh Kementerian Pariwisata dalam mempromosikan pariwisata di Indonesia. Penelitian ini menghasilkan luaran tentang implementasi kebijakan Pemerintah Daerah dalam bidang pariwisata di Kota Lhokseumawe dan strategi yang digunakan dalam mempromosikan pariwisata menuju era pariwisata 4.0. Teknik pengumpulan data dalam penelitian ini dengan melakukan pengamatan (observasi), wawancara (interview), dan dokumentasi. Sementara teknik analisa data dilakukan melalui reduksi data, penyajian data, dan penarikan kesimpulan/verifikasi. Diharapkan kepada pemerintah Kota Lhokseumawe agar bekerjasama dengan semua elemen pelaku pariwisata baik itu pihak swasta maupun masyarakat agar setiap kebijakan dapat berjalan dengan baik dan manfaat pariwisata dapat dirasakan oleh semua kalangan masyarakat.


2017 ◽  
Vol 32 (1) ◽  
pp. 109-129
Author(s):  
Jean B. Price ◽  
Nancy Lankton

ABSTRACT IT governance is important to the success of most business enterprises. One form of IT governance is the use of board-level IT committees. This study examines committee charters, which are the basic foundation for an effective committee. Based on prior literature and theory, we develop a framework and six propositions for assessing IT committee charter components including committee characteristics, member characteristics, and roles and responsibilities. We test the propositions by exploring the IT committee charters and information from other sources for 23 Fortune 500 companies. We find that most IT committees have more members and meet more often than required by the charter. All but one committee has at least one member with IT expertise as defined in our study. Also, most roles and responsibilities are focused on the five IT governance focus areas prescribed by the Information Technology Governance Institute. However, the roles are not consistently specified in all charters. Suggestions for future research and guidelines for practice are provided.


2016 ◽  
Vol 7 (2) ◽  
pp. 60-64
Author(s):  
Wella Wella ◽  
Stella Aprilia Sirapanji

Not only for enterprises, educational institution use information technology for teaching and learning. Universitas Multimedia Nusantara (UMN) aware that IT is very important in the world of education. To measure effectiveness in IT governance, UMN needs audit information system using the COBIT 5.0 framework in order to determine the extent to which the performance of the IT department and also know the UMN produce a solution to every problem is unresolved. The object of this study is the Department of Information Technology UMN. This study uses COBIT 5.0 with 5 domains that is Evaluate, Direct and Monitor (EDM); Align, Plan and Organize (APO); Build, Acquire and Implement (BAI); Deliver, Service and Support (DSS) and Monitor, Evaluate and Assess (MEA). At 37 the process of the 5 IT governance domains belonging to COBIT 5.0 by using the stages of COBIT 5.0 is filtered into 10 processes. The data collection was done by interviewing the manager of IT department, observation of documentation, and the distribution of questionnaires to the two heads of divisions within the IT department manager for IT departments demand UMN. The results of this study each domain is at 1 st level (incomplete). Capability level values achieved by EDM01 is 81.84%, EDM02 is 76.17%, APO01 is 73.28%, APO02 is 67.72%, APO03 is 52.30%, APO05 is 66.44%, APO07 is 64.20%, APO08 is 75.19%, BAI01 is 56.33%, and BAI02 is 65.20%. Keyword: Audit Information System, Capability Level, Framework COBIT 5.0, IT Governance


2018 ◽  
pp. 523-540 ◽  
Author(s):  
Leonidas Anthopoulos ◽  
Marijn Janssen ◽  
Vishanth Weerakkody

Smart cities have attracted an extensive and emerging interest from both science and industry with an increasing number of international examples emerging from all over the world. However, despite the significant role that smart cities can play to deal with recent urban challenges, the concept has been being criticized for not being able to realize its potential and for being a vendor hype. This paper reviews different conceptualization, benchmarks and evaluations of the smart city concept. Eight different classes of smart city conceptualization models have been discovered, which structure the unified conceptualization model and concern smart city facilities (i.e., energy, water, IoT etc.), services (i.e., health, education etc.), governance, planning and management, architecture, data and people. Benchmarking though is still ambiguous and different perspectives are followed by the researchers that measure -and recently monitor- various factors, which somehow exceed typical technological or urban characteristics. This can be attributed to the broadness of the smart city concept. This paper sheds light to parameters that can be measured and controlled in an attempt to improve smart city potential and leaves space for corresponding future research. More specifically, smart city progress, local capacity, vulnerabilities for resilience and policy impact are only some of the variants that scholars pay attention to measure and control.


Author(s):  
Eva M. Pomerantz ◽  
Cecilia Sin-Sze Cheung ◽  
Lili Qin

A significant goal in many countries around the world is promoting children’s motivation so that they may achieve at their full potential. There is much evidence supporting the idea that parents play a significant role in either facilitating or undermining children’s motivation. The focus of this chapter is on how relatedness between children and their parents shapes the development of children’s motivation and ultimately achievement. Three sets of ideas about how relatedness between children and their parents contributes to children’s motivation are reviewed. An integration of the three sets of ideas is provided to highlight key themes as well as suggest innovative directions for future research.


Author(s):  
Eva M. Pomerantz ◽  
Cecilia Sin-Sze Cheung ◽  
Lili Qin

A significant goal in many countries around the world is promoting children's motivation so that ultimately they achieve at their full potential. There is much evidence supporting the idea that parents play a significant role in either facilitating or undermining children's motivation. The focus of this chapter is on how relatedness between children and their parents shapes the development of children's motivation as well as achievement. Three sets of ideas about how relatedness between children and their parents contributes to children's motivation are reviewed. An integration of the three is provided to highlight key themes as well as suggest key directions for future research.


10.28945/4039 ◽  
2018 ◽  

Aim/Purpose: To provide a summary of Technology vs. Ecology, especially outlining how a "wild animal" (aka hunter-gatherer) became the putative "master of the world" Background: Schultz is Professor Emeritus of Information Technology and has published numerous books and articles on: ethics and IT; ecology and IT; and database design Methodology: Standard research techniques utilizing material from refereed articles and books Findings: Humans are not superior and need to become a species among species in order to avoid near-term species extinction. Future Research: A rewrite of the book: new book outlines how to become a species among species. It will be incorporated into a book "People Places and Things: After the metaphysics." this book will redo metaphysics from the point of view of humanity as a species among species.


2019 ◽  
pp. 247-264 ◽  
Author(s):  
Leonidas Anthopoulos ◽  
Marijn Janssen ◽  
Vishanth Weerakkody

Smart cities have attracted an extensive and emerging interest from both science and industry with an increasing number of international examples emerging from all over the world. However, despite the significant role that smart cities can play to deal with recent urban challenges, the concept has been being criticized for not being able to realize its potential and for being a vendor hype. This paper reviews different conceptualization, benchmarks and evaluations of the smart city concept. Eight different classes of smart city conceptualization models have been discovered, which structure the unified conceptualization model and concern smart city facilities (i.e., energy, water, IoT etc.), services (i.e., health, education etc.), governance, planning and management, architecture, data and people. Benchmarking though is still ambiguous and different perspectives are followed by the researchers that measure -and recently monitor- various factors, which somehow exceed typical technological or urban characteristics. This can be attributed to the broadness of the smart city concept. This paper sheds light to parameters that can be measured and controlled in an attempt to improve smart city potential and leaves space for corresponding future research. More specifically, smart city progress, local capacity, vulnerabilities for resilience and policy impact are only some of the variants that scholars pay attention to measure and control.


1995 ◽  
Vol 10 (4) ◽  
pp. 239-247 ◽  
Author(s):  
Jaak Jurison

This paper views information technology (IT) outsourcing decisions as classical make-or-buy decisions. In essence, these decisions consist of finding an acceptable balance between benefits and risks. The principal contribution of this paper is the development of a model that describes the relationship between outsourcing benefits and risks. It draws on work from two streams of research: transaction cost theory and modern financial theory. The model can assist managers in determining whether outsourcing or in sourcing is a better choice for a particular IT function and in evaluating and comparing competing vendor proposals. The model can also serve as a framework for future research in IT governance issues.


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