Case Scenario: Optimizing Database and Information

Management for CaribBank

Background:

CaribBank is one of the leading financial institutions in the Caribbean, providing a range of banking

services across several island nations. As the bank grows, it faces increasing challenges in managing its

vast and diverse data resources. The bank uses a traditional file$-$based data management system, leading

to several issues, including data redundancy, inconsistency, and difficulty accessing timely information.

To address these issues, CaribBank's management has decided to explore implementing a modern

Database Management System $($DBMS$)$ to streamline data management, enhance data security, and

improve overall operational efficiency. The bank's leadership is particularly interested in understanding

the benefits of relational DBMS$,$ critical principles of database design, and the role of data administration

and quality assurance in maintaining the integrity of their data resources.

The bank seeks your expertise to develop a comprehensive database and information management

strategy in the Caribbean, where data protection regulations and infrastructure limitations vary across

different island nations.

Presentation Requirements:

Your task is to create a video or audio presentation addressing the following key areas:

$1.$ Challenges of Traditional File$-$Based Data Management:

ECFS$2002$ Understanding the Multifaceted Role of the Early Years Practitioner $2024/2025,$ Semester $1$

THE UNIVERSITY OF THE WEST INDIES GLOBAL CAMPUS Page $5$

o Problems Encountered: Discuss the specific challenges CaribBank faces in managing

data within a traditional file environment, such as data redundancy, inconsistency, lack of

data integrity, and difficulty in data retrieval.

o Impact on Operations: Explain how these challenges affect the bank$$s daily operations,

decision$-$making processes, and customer service.

$2.$ Benefits of a Database Management System $($DBMS$)$:

o Capabilities of DBMS: Outline the significant capabilities of a modern DBMS$,$ including

data storage, retrieval, and management capabilities.

o Relational DBMS: Discuss why a relational DBMS is mighty for banking operations,

focusing on its ability to manage complex data relationships, enforce data integrity, and

provide flexible query capabilities.

$3.$ Principles of Database Design:

o Design Considerations: Identify and explain essential database design principles, such

as normalization, data modeling, and the importance of indexing.

o Application to CaribBank: Provide examples of how these principles would apply to

CaribBank$$s specific needs, including managing customer information, transaction

records, and compliance data.

$4.$ Information Policy, Data Administration, and Data Quality Assurance:

o Information Policy: Discuss the importance of establishing a robust information policy

that governs data usage, access, and security within CaribBank.

o Data Administra