For this piece of that assignment, you will write the introduction to your final portfolio project (3 pages), comprehensively describing the industry

This individual is responsible for making sure the culture of the company is maintained by keeping an eye on what staff is doing. The CIGO is responsible for developing, implementing, leading, and managing an organization's information governance strategy. There is a lot of data that retail businesses have to deal with, both public and private. Sam Walton founded Walmart in Arkansas, the United States, and it now has operations all over the world (McMillon, 2017). More than 12,500 retail outlets serve 260 million people each week in 28 countries, making Walmart one of the world's largest and most dynamic corporations (McMillon, 2017). Walmart is a non-profit company that aims to connect small-scale farmers to contemporary markets by promoting collaboration. Walmart's primary goal is to satisfy the needs of its consumers, and this is accomplished. They choose for efficient transportation of commodities and modular data storage. In order to keep track of inventory, boost sales, and streamline operations, Walmart needs an information system. Beginning with a small shop that brought farmers and customers together, Walmart has grown into a global retail powerhouse (Elder, 2019).

An outdated information system at Wal-Mart needs an upgrade to handle a greater volume of data. They employ customer relationship management (CRM), electronic data interchange (EDI), and radio frequency identification (RFID) to engage with customers, transmit data externally, and monitor products. In order to make transactions as simple as possible for its consumers, Walmart also makes use of transaction processing systems (TPS). Additionally, Walmart utilises a wide range of technologies, including the usage of a website for convenience of shopping, an application for a pre-order of items that can be picked up at local stores, and home delivery of goods (Barragan, 2019). Employees are expected to comprehend the value of information governance (IG) via the CIGO, who also shares the company's mission and vision. Board members, CEOs, and other high-level managers consult with the CIGO to develop policies and procedures, which the CIGO then oversees across the company. Board members, executives, and group employees must work together and adhere to the IG in order to effectively handle information.

By improving performance, boosting the company's value, and safeguarding the interests of shareholders, information governance enables multinational corporations like Walmart to compete successfully across borders (Barber, 2018). Leading to a shortage of technology progress, Walmart had difficulties integrating the IG from the beginning. A customer relationship management system (CRM) was put in place to deal with the influx of new client data, reduce errors, and keep things organised. The structure and principles provided by IG helped the company adapt to the shift. It acted as a road map for the company in terms of educating its workers on the new technology. TPS, RFID, and EDI are new technologies that have been deployed recently, and training staff on these new technologies enhances their self-confidence and helps them perform better. Management of healthcare and access to data is also part of the CIGO's responsibilities. When IG is properly implemented, better and more efficient outcomes may be produced.

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