Should a large corporation model its information system or structure the same way a Startup does?
Well according to this article, the author claims you shouldn’t and I agree. The article stresses that current corporations are attempting to innovate or model their systems by using this analogy of “throwing mud at a wall, slowly and expensively.” Meaning using different methods without much planning at a slow and expensive rate.
How does this relate to Financial Information Systems? Well for one, FIS systems should not be treated like a Startup app such as Snapchat. FIS systems especially ones used in the banking industry must be well planned and tested. The Startup methodology of quickly releasing a product to market and releasing updates to fix bugs and glitches is a poor method for banks that house sensitive and confidential customer information.
It’s understandable, thats companies such as banks would want to quickly release new services or updates to their system like a Startup but when it comes to Financial Information Systems and a business organization like a bank in which hackers are constantly looking for loop holes in their security. The model of “build, measure, learn” cannot be used for the FIS. Rather Financial Information Systems should learn, measure, then build.