Business and Digital Technologies for IT Industry - myassignmenthelp

Question: Discuss about theBusiness and Digital Technologies for IT Industry. Answer: Introduction to guest speaker 1 Damien Cahill has successfully completed 16 years in the IT industry and currently he is working in a famous start up business organisation which has been awarded recently named GECKO governance. He is currently positioned in that organisation as an senior technical business analyst and judgement critical thinking perspective wisdom and open mindedness along with fairness and leadership are the key skills that Damian has in order to become successful in the IT industry as a business leader and analyst. The skills that Damian possesses include proficiency in Microsoft Office 365 and Adobe Fireworks and along with that he has efficiency in performing Dreamweaver in design and premiere Pro along with Google Cloud and WordPress. Damien actually joined gck or governance on work placement as a part of his final semester in his degree course and now he is working as an integral part of the court team of the company. The business organisation is a high-profile start-up company that has immen se potential to grow in the Software Development Industry (Dilley et al. 2016). It is seen that GECKO governance is the first solution in the market that provides fund managers with a life oversight of all the funds Regulation and compliance requirements that funds are on schedule and which are behind that compliance tasks are outstanding and which have been completed already (Mencias et al. 2018). It is seen that the business organisation enables the fund managers to schedule there end to end compliance and the regulatory tasks and then they provide verifiable independent audit trail of compliance in order to satisfy the global financial regulators requirements Summary of Guest Speakers lecture/ workshop/presentation It can be said that blockchain Technology emphasizes on crypto currencies and it can be said that blockchain has come a very long way since the Inception of white paper by Satoshi Nakamoto. In this regard it can be said that credit card companies and banks does have a narrow gaze towards this attempt to solve the currency issue that they think actually needs something to work on (Hernandez 2017). Somehow after the continuous and approval of bank and credit card companies blockchain exists and it can be applied to a wide variety of solutions. In his workshop demonstrated that compliance areas and fund regulations needs a solution that is adaptable scalable transparent and Secure thus with blockchain these requirements can easily be satisfied. It is seen that there are five key Areas where blockchain solution can be utilised and those fund governance operational due diligence new fund launches compliance management and investor on boarding AML or KYC process (Dorri et al. 2017). Overview of Topics/ Facts/ Issues of Interest It can be said that by the KYC process the areas around the redemption process and subscription for mutual and hedge funds Like customer identification program customer due diligence account opening or enhanced due diligence can be managed in an immutable secure blockchain for operational due diligence specifically for hedge funds the blockchains can manage the end to end due diligence process that involves updating and completing the key questionnaires, investment reviews, periodically operational and a swathe of operational risks that includes Information Technology assessments and regulatory compliance and administrative and service provider review (Savu et al. 2017). It can be said that fund governance is the key to the companys blockchain solution that monitors the supervision of Mann delegates and the behaviours of those as well as it provides the regulator and Audit trail of all CP 86 duties and oversight which have been completed already. On the other hand compliance manageme nt area will actually be beneficial to the fund compliance process and specifically around precede your documentation policies, Internal auditing security controls, third party audits and the technological enforcement needed for the management of investment fund compliance (Beck et al. 2016). The business organisation gives the first blockchain solution for the new phone launches and Acetone boarding the management of with the organisation manager is the complex way of launching new funds utilising their blockchain functionality. Apart from using their blockchain functionality the management includes into and coordination along with project management of the new client onboarding and asset transitions along with fund launches across the multiple internal and external entities that includes auditors regulators lawyers and service providers. Investigate and Research one topic, theory, system or piece of technology stated by the Guest Speaker It is worthwhile to mention that with blockchain individuals can imagine a world where contracts Adam between Digital code and a stored in a shared database that is transparent which are also protected from tampering deletion and revision. It is seen that every process is every agreement with ask Sunny when every payments would have a Digital record and signature that should be identified stored valuated and shared (Milani et al. 2016). It is a fact that Virtually everyone has heard that the claims that blockchain will revolutionize the business and will redefine the economics and business organisations operations 2 the enthusiasm was shared but there are some words regarding this issue and that is not just security issues but the collapse of Bitcoin exchange and the recent hacks of other organisations and Institutions make people generally worrisome about the operations of blockchain revolution or solution(Beck et al. 2016). Does it can be said that individual should take time obser ve the outcomes of using blockchain solution and then decisions should be taken widely regarding the utilisation of this solution. Personal Takeaways I personally believe that blockchain solution can revolutionize the economy is and the financial sector are the business sector as a whole but what I believe is that we should take some time to get the outcomes of utilising blockchain solution in business sector and then after adequate evaluation the governments should make policies of utilising this solution in a safe and Secure manner. Introduction to guest speaker 2 Amy Clinton is one of the most experienced training and test developer of Prometric business organisation with a demonstrated history of working in the IT and service industry for a long period of time. She is extremely skilled in recruitment negotiation management of human resources and training and development along with delivery and business development (Schmid et al. 2015). Amy has strong communication skills that enhance her ability in marketing Communications significantly. From the year of 2013 she has been leading a team with responsibility to drive projects to completion within across the teams in Ireland India and United States of America regarding schedule and budgeting. Amy has been recruiting and managing subject matter experts from worldwide in order to consult in the test development process and she has been managing relationships with the subcontractors and writing contracts and tenders for the subcontractors (May et al. 2017). Amy has an experience in developing comp ensation plans for the subcontractors and she has been conducting induction sessions along with conducting interviews too. Summary of Guest Speakers lecture/ workshop/presentation In a workshop she stated that the organisation Prometric currently delivered on an average of 9 million exams for your and the management strives to give a fair opportunity to each and every honest test takers to prove their merits and also to help them to achieve their life long goals career wise and for the advancement of their educational career (Meyer et al. 2016). Amys aim is completely aligned with the management of our organisation she works for and that is providing a professional environment for the test takers to take valid and reliable tests. Amy along with her company operates in the market segment of military state clients business and finance along with healthcares. In the Workshop she stated that the subject matter experts conduct the examination development process and the steps for that is need for examination identified then test specification after that item review comes and then item writing followed by item review and examination assembly and review (Novotny, Wir th and Froehner 2014). After that standard setting study is performed and then examination administration comes last. All the operations are done in office 365 and Secure share and are evaluated effectively. Overview of Topics/ Facts/ Issues of Interest Prometric is known as Prometric Testing in the market of United in the test administration industry. It is seen that the business organisation operates a test centre network that is composed of thousands of websites spread in more than 150 Nations worldwide and many important examinations are administered at the websites of Prometric and those includes European personnel selection office, USMLE, the diplomat of national board, the Indian common entrance and many more. The corporate headquarters of Prometric is located in Canton in the United States of America. Investigate and Research one topic, theory, system or piece of technology stated by the Guest Speaker Prometric the business organisation sales a wide range of services that includes test delivery data management capabilities and test development. The company at ministers and delivered tests to more than 500 clients in the professional governmental academic corporate and it markets. There are more than 3000 test centres of the business organisation spread around the world and that includes every United States state and territory apart from wake Island and whether a test can be administered outside the market of United States depends only on the testing provider (Roghmann, May and Aziz 2014). For an example it can be said that do the business organisation have many test centres across the world but some particulate examinations are only offered within the territory of United States where the client program exists. In this regard it can be said that the locations where test is offered as well as the specific testing processes for the day of the exam are dictated by the clients of the c ompany. It is worthwhile to mention that in Ireland the business organisations local subsidiary is actually responsible for administering the driver theory test. Personal Takeaways I believe in todays world there a lot of opportunities for the companies like Prometrics, but there are various challenges that the company has already faced and might face in future and those are mentioned in this section. In the year of 2009 the business organisation based on massive challenge due to the world by technical issues on one of the crucial MBA entrance exams in India and for that more than 8000 test takers were affected. In the year of 2014 looking at the odds Microsoft ended their exam partnership with the company and not only that the management of Prometric lost their bid for conducting the entrance exam for MBA later on to an Indian company. Recently the management of Prometric lost a contract for conducting a Medical College admission test as they were replaced with another organisation due to their high proficiency in technological aspects and 10 I believe if the management of Prometrics do not stress on integrating their technological capabilities they can face m any more challenges in future. References Beck, R., Czepluch, J.S., Lollike, N. and Malone, S., 2016, May. Blockchain-the Gateway to Trust-Free Cryptographic Transactions. InECIS(p. ResearchPaper153). Dilley, J., Poelstra, A., Wilkins, J., Piekarska, M., Gorlick, B. and Friedenbach, M., 2016. Strong Federations: An Interoperable Blockchain Solution to Centralized Third Party Risks.arXiv preprint arXiv:1612.05491. Dorri, A., Steger, M., Kanhere, S.S. and Jurdak, R., 2017. Blockchain: A distributed solution to automotive security and privacy.IEEE Communications Magazine,55(12), pp.119-125. Hernandez, K., 2017. Blockchain for DevelopmentHope or Hype?. May, M., Protzel, C., Vetterlein, M.W., Gierth, M., Noldus, J., Karl, A., Grimm, T., Wullich, B., Grimm, M.O., Nuhn, P. and Bastian, P.J., 2017. Is there evidence for a close connection between side of intravesical tumor location and ipsilateral lymphatic spread in lymph node-positive bladder cancer patients at radical cystectomy? Results of the PROMETRICS 2011 database.International urology and nephrology,49(2), pp.247-254. Mencias, A.N., Dillenberger, D., Novotny, P., Toth, F., Morris, T.E., Paprotski, V., Dayka, J., Visegrady, T., OFarrell, B., Lang, J. and Carbarnes, E., 2018. An optimized blockchain solution for the IBM z14.IBM Journal of Research and Development. Meyer, C., Ley-Bannurah, S.R., Vetterlein, M., Mayr, R., Gierth, M., Fritsche, H.M., Burger, M., Keck, B., Wullich, B., Martini, T. and Bolenz, C., 2016. 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