Renovation innovation

The Central Bank of Oman undergoes complete IT restructuring as part of long-term IT strategy.

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By  Sarah Gain Published  October 17, 2005

His Excellency Hamood Sangour Al-Zadjali, executive president of the Central Bank of Oman (CBO), recently internally inaugurated the IT renovation project, which the CBO is undertaking in order to set up a new system capable of coping with today’s challenges. The bank, recognising that today’s dynamic business environment requires organisations to constantly evolve and upgrade their capabilities and infrastructure, is currently in the process of comprehensively upgrading its entire IT environment. The project aims to implement a well-structured, open-ended information system capable of dealing with the increasing complexity of business requirements. Over the past months, CBO has completed the research phase of this process, which included thorough analysis of the underlying business needs and the macro-level system requirements to meet such needs. Moving ahead, CBO has chosen Gulf Business Machines (GBM) of Oman, the general marketing and services representative (GMSR) for IBM World Trade Corporation (WTC), as its partner to manage the process of determining the right systems, procurement and implementation. Among other tasks, GBM’s expertise will be utilised to assess the extent to which the current IT system should be upgraded. This critical assessment will determine the future needs of the IT Department, staff training, procurement process and the tenure of the implementation phase.

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