The Advent Of Information Technology
Philippines
The advent of information technology has significantly influenced and changed how businesses are being managed and monitored today (Hunton, Bryant & Bagranoff, 2004). It has brought both positive and negative impacts to the business world. As such, a term double-edged sword is often used to describe it.
To ensure smooth management of the new business set-up, the concept of corporate governance was redesigned to include information technology as a major part of it. New governance and internal control frameworks came up just for this concern to be addressed. This resulted to an increased awareness that IT governance is a major ingredient in achieving every organization's goal of value creation.
In spite of the availability of new governance and internal control frameworks, many organizations still compromised their going concern because of poor enterprise- wide governance. The collapse of Enron in 2002 and the recent 2009 Satyam scandal in India are among the proofs of this predicament. Much more alarming is that in 2008, Satyam was the winner of the coveted Golden Peacock Award for Corporate Governance under Risk Management and Compliance Issues. Because of this, the awareness for both corporate and IT governance must be heightened and taken more seriously
- Yague, Rosemarie M. (2005). Country Report on the State of Information Literacy in the Philippines http://www.deped.gov.ph/cpanel/uploads/issuance/mg/library-hub.pdf http://www.booksforthebarrios.com httyp:/www/elib.gov.ph Librarians often referred to ILSs as library automation systems or automated systems in the 1970s and early 1980s. Before the advent of computers, libraries usually used a card catalog to index their holdings. Computers came into use to automate the card catalog, thus the term automation system. Automation of the catalog saves the labor involved in resorting the card catalog, keeping it up-to-date with respect to the collection, etc. Other tasks automated
The advent of information technology has significantly influenced and changed how businesses are being managed and monitored today (Hunton, Bryant & Bagranoff, 2004). It has brought both positive and negative impacts to the business world. As such, a term double-edged sword is often used to describe it.
To ensure smooth management of the new business set-up, the concept of corporate governance was redesigned to include information technology as a major part of it. New governance and internal control frameworks came up just for this concern to be addressed. This resulted to an increased awareness that IT governance is a major ingredient in achieving every organization's goal of value creation.
In spite of the availability of new governance and internal control frameworks, many organizations still compromised their going concern because of poor enterprise- wide governance. The collapse of Enron in 2002 and the recent 2009 Satyam scandal in India are among the proofs of this predicament. Much more alarming is that in 2008, Satyam was the winner of the coveted Golden Peacock Award for Corporate Governance under Risk Management and Compliance Issues. Because of this, the awareness for both corporate and IT governance must be heightened and taken more seriously
- Yague, Rosemarie M. (2005). Country Report on the State of Information Literacy in the Philippines http://www.deped.gov.ph/cpanel/uploads/issuance/mg/library-hub.pdf http://www.booksforthebarrios.com httyp:/www/elib.gov.ph Librarians often referred to ILSs as library automation systems or automated systems in the 1970s and early 1980s. Before the advent of computers, libraries usually used a card catalog to index their holdings. Computers came into use to automate the card catalog, thus the term automation system. Automation of the catalog saves the labor involved in resorting the card catalog, keeping it up-to-date with respect to the collection, etc. Other tasks automated