This study, Disaster Recovery Database Backup System Model and Banks' Survival, examines the role of effective and efficient database backup system in the life of financial institutions with Zenith Bank Plc as the case study. This study resulted from the fact that "Zenith Bank" faces a significant amount of responsibility as a new generation private gone public bank. According to experts in IT "Even if an ATM is down for two hours, it becomes a huge issue and customer complaints start to pour in". Thus, continuity becomes very crucial in the financial services industries.
The general objective of the study is to examine the role of improved disaster recovery database system model in bank survival and business continuity. Zenith Bank is used as a case study because of its success story in terms of Information Technology applications. In carrying out the study quantitative and qualitative method of sample collection were used while questionnaires were distributed to 120 respondents from the 'Bank' and its subsidiary Zenith Medical Centre all in Abuja. Likert-type scale is used to obtain respondents' opinion, while Friedman Chi-square is used as statistical tool to critically analyze the responses. The findings include: banks are database services organization, therefore, need disaster recovery database backup to continue in business in the face of threats and incidents.
The conclusion is that Zenith Bank should continue to put in place improved disaster recovery plan in line with global best practices. The recommendation includes; other banks should put effort to have effective and efficient database backup system model in order to prepare for incidents, and the CBN as the regulatory umpire should direct financial institutions in Nigeria to put in place good and reliable disaster recovery database backup system model because "the shrewd one sees disaster and proceeds to hide himself". The study suggests that there should be research to identify areas prone to disaster incidents in Nigeria both in physical attacks and cyber attacks.
Table of Contents
Chapter one, Introduction
1.0 Introduction
1.1 Background to the study
1.2 Statement of the problem
1.3 Objectives of the study
1.4 Research questions
1.5 Purpose of the study
1.6 Scope of the study
1.7 Significance of the study
1.8 Limitation of the study
1.9 Operational definition of terms
1.10 Research methodology
Chapter two, Review of related literature
2.0 Introduction
2.1 The Conceptual framework
2.1.2 The Theoretical framework
Chapter three, Research methodology
3.1 Introduction
3.2 Research Design
3.3 Population of study
3.4 Sample size
3.5 Sample procedure/ Technique
3.6 Instruments for Data collection
3.7 Process of Data Collection
3.8 Method of Data Analysis
3.9 Validity of the instrument
3.10 Reliability of instrument
Chapter four, Data presentation, analysis and interpretation
4.1 Introduction
4.2.1 Demographic data of respondents
4.2.2 Analysis of Respondents’ responses on questionnaires variable
4.2.3 Discussion and interpretation of findings
4.2.4 Summary
Chapter five, Summary, Conclusion and Recommendation
5.1 Introduction
5.2 Summary
5.3 Conclusion
5.4 Recommendations
Research Objectives and Focus
This study explores the critical role of robust disaster recovery database backup system models in ensuring the business continuity and survival of financial institutions, specifically using Zenith Bank Plc as a case study to investigate how effectively IT infrastructure can be shielded against natural and man-made disasters.
- Examination of database-related disaster challenges facing the modern banking sector.
- Assessment of current disaster recovery plans and their effectiveness in maintaining business operations.
- Identification of proactive strategies to mitigate risks before, during, and after a disaster event.
- Comparative analysis of the bank’s disaster management position against global best practices.
- Analysis of the relationship between technical disaster recovery readiness and organizational survival.
Excerpt from the Book
1.1 Background to the study
One of the Scripture in Proverb Chapter 22 verse 3 posits that ‘The shrewd one sees the danger, and conceals himself but the inexperienced keep right on going and suffers the consequences.’(New World Translation of The Holy Scriptures, 2013) Today, more than ever dangers in form of disaster lurks on all geo-political zones of Nigeria, more than ever the aftermath of climate change is changing the nature of living and working in Nigeria, more than ever dark cloud of insecurity in Nigeria is on high-red-alert.(www.opinionnigeria.com assessed June 14 2019 All organizations, institutions both public and private cannot deny the challenge of unforeseen disasters both natural and man-made.
To illustrate:
In 2012, there was great over flooding of the Niger-Benue river coasts that affected communities in the area and the Bar Beach of the Lagos areas. Properties worth millions including bank gadgets were wrecked and destroyed. There is also the issue of insurgent in North East, gunmen attacks in all corner of Nigeria especially in Zamfara, Kaduna Yobe and Kastina States. The results have been disruption of businesses, social life and other daily activities. Banks in these areas sometimes are worst hit (The Guidance, The Sun, Leadership, Punch Newspapers 4th September, 2012).
Besides, constant power outage, and inconsistent power supply from the vendors affect businesses nationwide. It is not uncommon to see businesses operating with alternative power supply through the use of power generating-sets that are also prone to power failure.
Summary of Chapters
Chapter one, Introduction: Outlines the background of the study, the problem statement regarding disaster risks in Nigerian banking, and the research objectives aimed at examining the role of database backup models.
Chapter two, Review of related literature: Provides a theoretical and conceptual framework for understanding disasters, disaster recovery planning (DRP), and the database approaches utilized by financial institutions.
Chapter three, Research methodology: Describes the research design, population, sampling techniques, and data collection instruments used to conduct the empirical study.
Chapter four, Data presentation, analysis and interpretation: Presents the statistical analysis of survey data gathered from respondents regarding their bank's disaster recovery strategies.
Chapter five, Summary, Conclusion and Recommendation: Summarizes the study findings and provides actionable recommendations for banks and regulatory bodies to enhance disaster preparedness.
Keywords
Disaster, Recovery, Database, Backup, Banking, Zenith Bank, Business Continuity, IT Infrastructure, Risk Management, Data Integrity, Financial Security, Cyber Threats, Nigeria, Disaster Recovery Planning.
Frequently Asked Questions
What is the core focus of this research study?
The study investigates the necessity and implementation of disaster recovery database backup system models in financial institutions to ensure business survival in the face of various operational threats.
What are the primary themes addressed in the work?
Key themes include the impact of disasters on banking operations, the importance of proactive disaster recovery planning, the role of IT in maintaining business continuity, and adherence to global best practices.
What is the primary objective of this research?
The main objective is to evaluate how effective disaster recovery database models contribute to a bank's survival and its ability to maintain uninterrupted services despite technical or environmental crises.
Which research methodology was adopted?
The study employs a mixed-method approach, combining empirical research through structured questionnaires and interviews with a doctrinal review of existing literature to analyze the research variables.
What does the main body of the work cover?
The main body examines the conceptual and theoretical frameworks of disaster management, details the methodology for gathering data from Zenith Bank staff and IT vendors, and provides an analysis of the survey findings.
Which keywords define this research?
The research is characterized by terms such as Disaster Recovery, Database Backup, Business Continuity, Financial Institutions, Risk Management, and Information Technology.
How does the research specifically analyze Zenith Bank’s IT infrastructure?
The study evaluates the bank's transition to advanced storage solutions, such as NetApp technology, to overcome bottlenecks in end-of-day processing and data recovery, linking these technical upgrades to the bank's operational flexibility.
What conclusions does the author draw regarding regulatory bodies?
The author concludes that regulatory agencies, such as the Central Bank of Nigeria (CBN), must enforce strict compliance and regular supervision regarding disaster recovery plans to ensure systemic stability across the financial industry.
- Quote paper
- Leslie Acheson Wey (Author), 2019, Database Backup System for Banks, Munich, GRIN Verlag, https://www.grin.com/document/512588
