Create a 14 page essay paper that discusses Information Risk Management.
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In the day to day life a person has to overcome various risks. He must be capable enough to handle them in an efficient manner. There are certain risks that are common to all the people in this world. The world has faced many risks out of which many have taken a toll on human lives.
Global connectivity has contributed to the risk factors and people are more prone to such risks. Communication plays a major role in today’s world and it has also contributed to the increasing risks. The modern society is more prone to risk due to the invention of various products.
During the 17th and 18th centuries people were highly affected by the wars that arose between various countries. It had a serious influence on the people’s lives and they had to struggle even to make their day to day living.
The influence of risk does not end with these technical and communicational levels. Instead it opens its wings in the natural calamities also. Natural disasters like earthquakes, storms, floods also pose serious risks to human lives. These natural disasters have increased when compared to the past. This is due to the biological changes and the increased levels of pollution and hazardous chemicals. Global warming is also one among the reasons for such risks. All these lead to deaths which make the existing situation worse. Apart from these risks financial risks have also been a part of this world. Most of the organizations go through a tough phase during financial crisis and this is a serious problem to the organizations. Though risks can be avoided people struggle a lot overcome these issues. According to Ale risk is related to decision making and both go hand in hand. The decisions and the activities decide the way an organization or human life handles the risks. (Ale, 2009).
Researches and surveys specify that people should be ready to face any risks. Uncertainty is a part of risk and people find it hard to overcome the risks when it arrives at a situation when they do not expect such incidents. Estimating the risk is not an easy task and it involves various similar issues. Risk management is a part of the recovery process and the management depends on the nature of risk. Organizations have to strive hard to overcome such risks that may be financial or physical. (Fragniere, 2007).The assets of the company are the first one to get affected and the organization must make sure they cope up and work hard to get back to the normal situation.
Information management is the process of collecting and processing the information. Information systems simplify the manual processing by automating the operations and procedures. The information system includes the essential features that an organization requires. It is designed as a complete system that can manage the operations in the organization. (Zorkoczy, 1982).Automation is the greatest advantage of information systems. The required operations are specified and they are automated using the information system. This assures that the result is accurate. The system includes a database which stores the records and files. The database is efficient in maintaining the data security and integrity. The data can be retrieved as and when needed. Implementing an information system requires the competition of certain predefined tasks.(Turban, et al., 2006).
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