Reference no: EM133015388

Introduction

PYZ Technology (PYZ Tech) is a new and budding IT firm that orchestrates execution on forward thinking technology based on the five founders that pooled their resources together to develop groundbreaking technology that is creating a lot of controversy across the world. Currently, they have over $300 million in funding and a newly acquired government contract that could span one billion dollars over the course of five years. While the company is eager to get started on manufacturing, they know the importance of building a firm IT structure and they wanted someone with extended knowledge and skill to run other areas of the business while they focus on idea implementation.

They have just hired you as the newly appointed Chief Information Officer (CIO), despite claims that the role is slowly disappearing. In this role you will be responsible for leading the development of the infrastructure design strategy, the master plan and roadmaps, and the annual operating procedures and policy for internal and external customers. Where appropriate, the CIO will work to constantly upgrade these procedures to ensure the alignment with the enterprise's IT and business strategy to achieve the company's goals to remain agile, forward thinking, and challenge the laws of technology.

PYZ Technology Products

Under development for PYZ Technology are two new products that are ready to hit the market. One of these products is very private to the organization; the other is public but only approved for use by the government. The widely controversial Y2X product, a device implanted into the eye of ex-felons, uses a small incision and tracks and records all daily movements. The data for this product is housed on cloud servers that are owned, operated, and controlled by PYZ Tech. The government will lease space and data according to their needs.

The second product, which has not been communicated to the public, is Y2i; it is a duplicate of Y2X but is designed for infants and toddlers as a tracking device that is implanted in the wrist to help combat child abduction. They are currently working on approvals for trials to gain FDA approval, and they are working hard to keep the information confidential until they are ready for release.

Scenario Details

The company wants to allow freedom for creativity in the workplace; however, with half of their workforce working remotely, they feel it is important to monitor and control employee access, especially to sensitive and confidential client data. There are plans for PYZ Tech to grow globally as an organization, and they want to start off by maximizing their value and creating operation efficiency that governs growth in potential for capitalization on "big data" through their use of data volumes in order to increase recognition and use of that data for additional monetary gain.

Compliance pressures, cybersecurity concerns, big data volumes, and increasing recognition that information itself has value has contributed to the growing interest in information governance. PYZ Tech trusts your judgment and hopes that you will provide them with the guidance they need in order to get off on the right foot.

Below is the copy of the current organization chart.

Organization Chart

• Explain the need for a Strategic Plan for IT within PYZ Tech.
• Discuss what Method/Model is recommended for PYZ Tech.
• Explain why this Method/Model is the best choice.
• Discuss how the strategy will be linked to organizational strategy.