The Banking Executive Magazine - Septmber Issue 2021

IT Governance for Banks and SMEs the BANKING EXECUTIVE 22 ISSUE 153 SEPTEMBER 2021 get access to a greater variety of apps. • Security: ChromeOS utilizes sand- boxing technology, which means that each software runs independ- ently from one another. In case of malware infection, infected soft- ware can not affect other software on the device. Chromebooks have a security chip that encrypts sensitive data, as well as a Verified Boot feature that pre- vents malware from running during the boot. There is also built-in virus protection in Chromebook to be safe at all times. Windows 11 does not have a na- tive sandboxing feature like ChromeOS, but we expect to see this feature soon. With the require- ment for a TPM (Trusted Platform Module) chip, Windows 11 pro- tects PCs similarly to ChromeOS by encrypting sensitive data. • Running Windows on Chrome- book is possible, but this is for ex- perienced users. • In terms of cost, Chromebooks are affordable and offer decent per- formance, and the introduction of Android apps is increasing their ca- pabilities. Microsoft is fighting back with claims that Windows will give laptops better perform- ance and battery life, but the sim- ple way to get online and Google services is to use a Chromebook. For banks and SMEs who are look- ing for more affordable hardware requirements, then Chromebooks may be an option. To run Android apps and Linux applications, then ChromeOS is a better choice. On the other hand, to run Win32 apps, the latest games, and consumer software, Windows 11 is the only choice. Overall, Windows 11 and ChromeOS do share a couple of sim- ilarities, most notably in terms of vi- sual interface, however, they do have major differences. Due to its nature, ChromeOS is more secure, however, Windows 11 is more powerful and it should be able to run any application or game. ChromeOS has support for Linux applications, but we expect to see that on Windows soon. The biggest strength of ChromeOS is the support of Android apps. Many Chromebooks, even the older mod- els, can download and run apps na- tively from the Google Play Store. Android apps have been present on ChromeOS for years, while Windows 11 is just starting to implement native support for Android apps. Hardware requirements and the reliance on Amazon App Store are the biggest drawbacks when it comes to running Android apps on Windows. IT GOVERNANCE FRAMEWORK FOR NEXT GENERATION OPERAT- ING SYSTEM As part of a broad IT Governance agenda, banks and SMEs are urged to seriously address the dilemma of ap- propriate choice of next generation operating system. Banks and SMEs should develop a strategic IT Governance framework for the transition to the next genera- tion operating system taking in con- sideration the following: • Operating system features • Applications support including the support of android apps • Security • Hardware requirements • Cost IT Governance Framework for Next Generation Operating System