Sample Solution
The implementation of new technologies can be a risky endeavor with potential vulnerabilities that must be considered and addressed. Technology is always advancing, and while it can bring numerous benefits, it is important to understand the risks associated with introducing new technology into any system. Potential vulnerabilities involve a number of security concerns such as data breaches, malware attacks, unauthorized access to sensitive information, or system failure due to poor design. As many organizations move towards cloud-based systems they are at even greater risk should one of these issues occur.
The likelihood for potential vulnerabilities in new technologies varies depending on the type of technology being implemented. Generally speaking, there is a higher risk when introducing more complex systems such as artificial intelligence (AI). With AI based systems particularly there can be unforeseen consequences due to interactions between different pieces of code or data inputs which could lead to unexpected or unwanted outcomes (Ohlmeyer & Greitzer 2019). Additionally, when implementing any type of technology it is essential that an organization conduct thorough testing before officially rolling out the product which can help reduce potential risks.
To ensure successful implementation without running into too many major pitfalls organizations should prepare a comprehensive power point presentation outlining all aspects involved in introducing any kind of new technology. This presentation should include things like cost analysis/budgeting considerations for implementation as well as security protocols necessary for protecting user data and other related topics like employee training needs prior to full adoption (Girard et al., 2018). By having this detailed plan in place prior to launch organizations can minimize their chances for encountering serious problems down the line.
the national bank. Regardless, the financial difficulties increased around the 2000s and called for additional severe changes and regulation to address the provisos. Bank of Ghana Act 2002 (Act 612) was proclaimed to additionally state the freedom of the national bank from administrative impact, keep up with cost solidness and elevate monetary approaches to improve development of the financial framework (Appiah-Adu and Bawumia, 2016; Mawutor, 2014).
The widespread financial idea was acquainted in Ghana in 2003 with take out division of banks, increment entrance and contest for capital preparation and make a level stage for banks. The base capital necessity was expanded to GHS 7 million and banks were supposed to accomplish this by 2006. Directly following the different changes, the Financial Demonstration 2004 revoked the Financial Demonstration 1989 to blend existing financial regulations, control banks and other related issues (Adjei-Frimpong, 2013; Swamp, 2007; IMF, 2011). The Financial Demonstration 2004 was likewise corrected as the Banking (Alteration) Act 2007 to allow the foundation of a Worldwide Monetary Administrations Community to support the progression of unfamiliar direct venture and pay from unfamiliar cash overwhelmed expenses. The Financial Demonstration 2007 presented the general financial permit for widespread and seaward banking, Class I banking permit for general banking and Class II financial permit for seaward banking. The Ghanaian money was redenominated in 2007 to compare 10,000 to one dollar. The base capital prerequisite for banks was additionally expanded to GHS 60 million to cause contest and fabricate the limit of banks to take part in bigger exchanges. Unfamiliar possessed banks had a two-year ban and nearby banks, a five-year ban to meet the prerequisite.
The Parliament of Ghana passed an alteration bill to the Bank of Ghana Act 2004 in August 2016. The 2016 Demonstration is to connect escape clauses the 2004 Demonstration, carry guidelines at standard with global accepted procedures, strengthen the independence of the national bank, present new capabilities and wipe out the impact of the Money Pastor in selecting board individuals. The nation likewise went into an IMF-upheld Expanded Credit Office Program in 2015 which determined zero-funding by the national bank to government rather than the 5% supporting ceil passed by Parliament.
Examination of current realities and issues
SWOT examination is a business examination procedure or technique plan device utilized to assess the qualities of a substance to take advantage of chances for development, address shortcomings and moderate dangers to decide strategies that will best adjust the capabilities and assets to
