After identifying a problem with a critical business process within your bank, you discuss the situation with the Chief Information Officer (CIO) of your bank. The CIO tasks you to take on the issue and evaluate the problem and further proffer a solution to be presented to the board of directors of your bank. The CIO requires this as a detailed report with the following expectations;

1. A sufficient definition of the identified problem to be tackled with its current impact on business operations.

2. The objectives that your solution hopes to achieve.

3. A strategy that proposes three emerging technologies as alternatives for addressing the problem.

4. An elaboration of the selected alternative, its ability to solve the problem and its impact on business objectives.

5. This should be a formal report that captures the required technical terminologies but written in a language that is understandable to all parties.

6. The report should be between 5 and 8 pages with the following outline;

a. Table of Contents

b. Executive Summary

c. Introduction (Background of the problem and objectives)

d. Strategy recommendation (Alternative definitions and selected solution)

e. Expected Business Outcome

f. Conclusion

g. References