Virtualisation Benefits and Challenges

Question: Discuss about the Virtualisation for Benefits and Challenges. Answer: Introduction: Liberty Wines biggest peril with regards the installed IT system was that it lacked the competency to meet with the increasing business. So much that the staff of the company were unable to respond within the stipulated time frame to the queries raised by the customers. The company is losing its clients because of the old IT system which is incapable of supporting the expansion of the business. Due to this it is affecting the companys competitive advantage. Server virtualisation had benefited Liberty Wines both in the business as well as the environment. With regards the latter the company was able to reduce the impact of the carbon foot print by 60 percent. Simply because the usage of the power got reduced substantially as well as the power usage also declined overall. Secondly, since virtualisation led to reduction of servers from ten to less than half i.e. three with an additional back-up server, the cost of office space and other fixed overhead expenditure also lowered. Further since there was a back-up server, the company was secured in case the main server created a problem (ISACA. 2010). The bureau FinCen was not caable enough to fight the various financial crimes taking place in USA prior to 2008 on time simply because the IT system installed was very old unable to support the increasing volume of data accumulation process and its analysis. It was also dependent upon offline system rather than switching to real time system which led to delay in processing and sharing of valuable facts and figures about a particular crime taking place. FinCen needs to upgrade its IT system which would even have the capacity to perform analytical tasks as well. Upgradation of its present system will ensure that the data and valuable information are processed without any loss of substantial time. The bureau launches a FinCen Query Web based App which is a search tool having the capacity to provide real time accessibility to 11 years data of BSA. Financial intelligence is places its reliance upon booming examination of the facts and figures which help in keeping a track of the various illegal activities and thus disrupting the same before it causes any harm. Due to same, FinCen has gained its importance in protecting the national security of a country. It ensures that all the illicit movements of terrorism and money laundering are traced well on time so that the nation is safe from any untoward consequences (Carozza, 2009). One of the reward winning financial crime that was found and disrupted as well by an associate of FinCen was the analysis of huge data by Ann Martin which highlighted the kind of illegitimate act hat was being undertaken between Mexico and USA. She made the crime come to surface about how the money of illegal money of USA was being converted from black to white with the help of some unscrupulous individuals of Mexico. The government appreciated the efforts of Ann (Partnership for Public Service. 2011). However, Ann confesses that the same was possible simply because of the enhanced IT system installed in the bureau which aided her to achieve goal successfully. References: Carozza,D. (2009). Intensifying the Network: An Interview with James H. Freis Jr. Director of FinCen. Retrieved from https://www.fraud-magazine.com/article.aspx?id=430 ISACA. (2010). Virtualisation : Benefits and Challenges. Retrieved from https://www.thedatachain.com/materials/virtulization_wp_27oct2010_research.pdf Partnership for Public Service. (2011). Ann S. Martin. Retrieved from https://servicetoamericamedals.org/honorees/view_profile.php?profile=270