Strong information system essential for development

By Web Desk Oct 30th, 2012 ( 1 Comment )

Karachi: The workshop on “the role of Information Systems in Compliance and Controls” was organized by COMMECS Institute of Business and Emerging Sciences (CIBES), the other day.

Among others, the workshop was addressed by Muhammad Shahid Javed, an Information System Expert and Head of Operational Risk & Internal Control Division – Burj Bank Ltd.

Speaking on the occasion, Javed explained that Information Systems are the backbone of any business and organization. However the mediums are different and had been developed from time to time. Nowadays information systems are dependent upon Information Technology and after the I.T and Computer revolution, it is not possible to ignore or bypass importance of the emerging technology.

He said that business students should know the value and usage of I.T for the business processes, because it is through I.T that we get facts, figures and data at a high speed, keeping with today’s environment so that the process of decision making could be made also very fast. By the development of Information Systems in an organization, the process of compliance and control becomes very systematic and decreases the chances of errors.

Talking about Burj bank he said that, “Our commitment to the concept of responsible banking drives the strategy of aligning our business, products and people to collectively pursue the improvement of life in our community and the country”.

He further added that, “Alhamdulillah, today Burj Bank is the fastest growing Islamic Bank in Pakistan and in the years to come, we will make Burj Bank a mark of exemplary growth and excellence in Islamic Banking. With the support of our strong investors and the strength of a dedicated team; we will transform Burj Bank into the Islamic Bank of choice”.

The academic session was conducted for MBA students to emphasize the importance of Information systems in their future business decision making. In the end, the Management of COMMECS thanked Shahid Javed for sparing his time to deliver his views and experiences with the students.