Transaction processing TPS
Serve operational managers and staff. Perform and record daily routine transactions necessary to conduct businesses. Allow managers to monitor status of operations and relations with external environment. Serve predefined, structured goals and decision making
Practical:
Performs and records the daily routine transactions necessary to conduct business
Practical:
Performs and records the daily routine transactions necessary to conduct business
Online Analytical Processing (OLAP)
• Supports multidimensional data analysis
–Viewing data using multiple dimensions
–Each aspect of information (product, pricing, cost, region, time period) is different dimension
–Example: How many washers sold in the East in June compared with other regions?
• OLAP enables rapid, online answers to ad hoc queries
Practical:
OLAP supports multidimensional data analysis, enabling users to view the same data in different ways using multiple dimensions. Each aspect of information— product, pricing, cost, region, or time period—represents a different dimension. OLAP enables users to obtain online answers to ad hoc questions such as these in a fairly rapid amount of time, even when the data are stored in very large databases, such as sales figures for multiple years
–Viewing data using multiple dimensions
–Each aspect of information (product, pricing, cost, region, time period) is different dimension
–Example: How many washers sold in the East in June compared with other regions?
• OLAP enables rapid, online answers to ad hoc queries
Practical:
OLAP supports multidimensional data analysis, enabling users to view the same data in different ways using multiple dimensions. Each aspect of information— product, pricing, cost, region, or time period—represents a different dimension. OLAP enables users to obtain online answers to ad hoc questions such as these in a fairly rapid amount of time, even when the data are stored in very large databases, such as sales figures for multiple years
Data Mining, 5 types of information obtainable from Data mining
Analysis of large pools of data to find patterns and rules that can be used to guide decision making and predict future behavior.
• Finds hidden patterns, relationships in datasets –Example: customer buying patterns
• Infers rules to predict future behavior
• Types of information obtainable from data mining:
1. Associations
2. Sequences
3. Classification
4. Clustering
5. Forecasting
• Finds hidden patterns, relationships in datasets –Example: customer buying patterns
• Infers rules to predict future behavior
• Types of information obtainable from data mining:
1. Associations
2. Sequences
3. Classification
4. Clustering
5. Forecasting
Three main ways that intellectual property is protected
1. Trade secret: intellectual work or product belonging to business, not in the public domain
2. Copyright: statutory grant protecting intellectual property from being copied for the life of the author, plus 70 years
3. Patents: grants creator of invention an exclusive monopoly on ideas behind invention for 20 years
2. Copyright: statutory grant protecting intellectual property from being copied for the life of the author, plus 70 years
3. Patents: grants creator of invention an exclusive monopoly on ideas behind invention for 20 years
Cloud computing
–On-demand computing services obtained over network
• Infrastructure as a service (IaaS)
• Software as a service (SaaS)
• Platform as a service (PaaS)
–Cloud can be public or private
–Allows companies to minimize IT investments –Drawbacks: Concerns of security, reliability –Hybrid cloud computing model
Practical: style of computing in which IT services are delivered on- demand and accessible via the Internet.
• Infrastructure as a service (IaaS)
• Software as a service (SaaS)
• Platform as a service (PaaS)
–Cloud can be public or private
–Allows companies to minimize IT investments –Drawbacks: Concerns of security, reliability –Hybrid cloud computing model
Practical: style of computing in which IT services are delivered on- demand and accessible via the Internet.
Data redundancy
Data redundancy is the presence of duplicate data in multiple data files so that the same data are stored in more than one place or location. Data redundancy wastes storage resources and also leads to data inconsistency, where the same attribute may have different values.
Database management system (DBMS)
– Interfaces between applications and physical data files
– Separates logical and physical views of data
– Solves problems of traditional file environment
• Controls redundancy
• Eliminates inconsistency
• Uncouples programs and data
• Enables organization to centrally manage data and data security
– Separates logical and physical views of data
– Solves problems of traditional file environment
• Controls redundancy
• Eliminates inconsistency
• Uncouples programs and data
• Enables organization to centrally manage data and data security
Business Intelligence Infrastructure
Array of tools for obtaining information from separate systems and from big data
- is a contemporary term for data and software tools for organizing, analyzing, and providing access to data to help managers and other enterprise users make more informed decisions.
Using data analysis tools and applications to help business make more informed decisions. Actually, one can see BI as the transformation on raw data into a meaningful form that can be used for business purposes.
- is a contemporary term for data and software tools for organizing, analyzing, and providing access to data to help managers and other enterprise users make more informed decisions.
Using data analysis tools and applications to help business make more informed decisions. Actually, one can see BI as the transformation on raw data into a meaningful form that can be used for business purposes.
Web beacons (web bugs)
Tiny software programs invisibly embedded in e-mail messages and Web pages that are designed to monitor the behavior of the user visiting a Web site or sending e-mail.
– Tiny graphics embedded in e-mails and web pages
– Monitor who is reading e-mail message or visiting site
– Tiny graphics embedded in e-mails and web pages
– Monitor who is reading e-mail message or visiting site
Responsibility, Accountability, Liability, Due to process
• Responsibility
– Accepting the potential costs, duties, and obligations for decisions
• Accountability
–Mechanisms for identifying responsible parties
• Liability
– Permits individuals (and firms) to recover damages done to them
• Due process
–Laws are well-known and understood, with an ability to appeal to higher authorities
– Accepting the potential costs, duties, and obligations for decisions
• Accountability
–Mechanisms for identifying responsible parties
• Liability
– Permits individuals (and firms) to recover damages done to them
• Due process
–Laws are well-known and understood, with an ability to appeal to higher authorities
Five-step process for ethical analysis
1. Identify and clearly describe the facts.
2. Define the conflict or dilemma and identify the higher-order values involved.
3. Identify the stakeholders.
4. Identify the options that you can reasonably take.
5. Identify the potential consequences of your options.
2. Define the conflict or dilemma and identify the higher-order values involved.
3. Identify the stakeholders.
4. Identify the options that you can reasonably take.
5. Identify the potential consequences of your options.
6 steps in evaluating software tools
1. Identify your firm´s collaboration challenges
2. Identify what kinds of solutions are available
3. Analyze available products cost and benefits
4. Evaluate security risks
5. Consult user for implementation and training issues
6. Evaluate product vendors
2. Identify what kinds of solutions are available
3. Analyze available products cost and benefits
4. Evaluate security risks
5. Consult user for implementation and training issues
6. Evaluate product vendors
Decision support systems DSS
Serve middle management. Support non routine decision making. May use external information as well TPS/MIS data. Model driven DSS. Data driven DSS
Practical:
Combine data and sophisticated analytical models or data analysis tools to support semi structured and unstructured decision making
Practical:
Combine data and sophisticated analytical models or data analysis tools to support semi structured and unstructured decision making
Executive support systems ESS
Support senior management. Adresses nonroutine dessinions. Incorporate data about external events (new tax laws or competitors) as well as summarized information from internal MIS and DSS. Ex. digital dashboard with real-time view of firm´s financial performance
Practical:
Help senior management address non-routine decisions requiring judgment, evaluation and insight because there is no agreed-on procedure for arriving at a solution
Practical:
Help senior management address non-routine decisions requiring judgment, evaluation and insight because there is no agreed-on procedure for arriving at a solution
Enterprise Applications
Systems for linking the enterprise. Span functional areas. Execute business processes across the firm. Include all levels of management. Four major applications (Enterprise systems, SCM, CRM, knowledge management systems). Collect data from different firm functions and store data in single central data repository. Resolve problems of fragmented data
Enterprise systems (also known as enterprise resource planning (ERP)
are used to bridge the communication gap between all departments and all users of information within a company. Enterprise systems truly allow a company to use information as a vital resource and enhance the bottom line.
Supply chain management SCM
Manage firm´s relationships with.
Share information about:
- Orders, production, inventory levels, delivery of products and services
Goal:
- Right amount of products to destination with least amount of and lower cost
Practical:
These systems help supply chain members to share information about orders, production, inventory levels, and delivery of products and services so they can turn the supply process more efficient.
Share information about:
- Orders, production, inventory levels, delivery of products and services
Goal:
- Right amount of products to destination with least amount of and lower cost
Practical:
These systems help supply chain members to share information about orders, production, inventory levels, and delivery of products and services so they can turn the supply process more efficient.
Knowledge management systems KMS
- Supports processes for capturing and applying knowledge and expertise (how to create, produce and deliver products, services)
- Collect internal knowledge and experience within firm and make it available to employees
- Link to external sources of knowledge
Practical:
These systems collect all relevant knowledge in the firm, and make it available to improve business processes and management decisions.
- Collect internal knowledge and experience within firm and make it available to employees
- Link to external sources of knowledge
Practical:
These systems collect all relevant knowledge in the firm, and make it available to improve business processes and management decisions.
Management Information Systems MIS
Serve middle management. Provide reports on firm´s current performance, based on data from TPS. Provide answers to routine questions with predefined procedure for answering them. Typically have little analytic capability
Practical:
Provides reports on organizational performance to help middle management monitor and control the business
Practical:
Provides reports on organizational performance to help middle management monitor and control the business
Models of informed consent
An opt-out model permits the collection of personal information until the consumer specifically requests that the data cannot be collected.
An opt-in model prohibits businesses from collecting any personal information unless the consumer specifically takes action to approve information collection and use
An opt-in model prohibits businesses from collecting any personal information unless the consumer specifically takes action to approve information collection and use
Search engine optimization - SEO
Businesses utilize search engine optimization (SEO) to improve their website’s organic listings on SERPs. Process of getting traffic from organic/natural search results on search engine without paying the search engine service.
- Reputation or popularity; Relevance; User satisfaction (Bounce Rates, CTR, etc)
- Reputation or popularity; Relevance; User satisfaction (Bounce Rates, CTR, etc)
Enterprise resource planning (ERP) systems
• Suite of integrated software modules and a common central database
• Collects data from many divisions of firm for use in nearly all of firm’s internal business activities
• Information entered in one process is immediately available for other processes
• Collects data from many divisions of firm for use in nearly all of firm’s internal business activities
• Information entered in one process is immediately available for other processes
CRM packages typically include tools for:
– Sales force automation (SFA)
• Sales prospect and contact information
• Sales quote generation capabilities
– Customer service
• Assigning and managing customer service
requests
• Web-based self-service capabilities
– Marketing
• Capturing prospect and customer data, scheduling and tracking direct-marketing mailings or e-mail
• Cross-selling
• Sales prospect and contact information
• Sales quote generation capabilities
– Customer service
• Assigning and managing customer service
requests
• Web-based self-service capabilities
– Marketing
• Capturing prospect and customer data, scheduling and tracking direct-marketing mailings or e-mail
• Cross-selling
Flashcard set info:
Author: CoboCards-User
Main topic: Jölgalen
Topic: Jölgalen
Published: 29.11.2018
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