Redefining the Data Management Strategy: A Way to Leverage The Huge Chunk Of Data
Chief Information officer ,Mr. Arun Kumar of ABC corporation was watching Television news and seen that huge IT giants like IBM are leveraging upon their existing database to manage and exploit their huge chunk of data to satisfy the needs of their customer in the most appropriate manner .So Arun was thinking of managing the data in his organization and leverage upon the optimal utilization of data so as to come up with best feasible solutions for his clients and satisfy the needs of his clients
Considering the abundance of data available in the globalized economy by business, consumer, suppliers and market. Mr Arun understood that Utilizing this huge chunk of data is extremely important for their businesses to succeed. On the recommendation from Arun, ABC corporation conducted a study to understand the various source of information and they found that the data comes from social media, machines, sensors, staff email, etc .To leverage upon this huge chunk of data and gain a competitive advantage over rivalries there is a requirement to redefine the data management strategy. In the past the company was known to the clients for on time delivery of the project and for satisfying each and every requirement of the client in most appropriate manner but as the popularity of the company has grown its client base also grown significantly as a result company is not able to manage the current client base and faces regular complaints from its clients regarding the quality of the deliverable as well as about the deadline not being met by the developers. Mr. Arun Kumar is thinking of optimizing the current the existing knowledge database present in the company ...
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...hinking of optimizing the existing knowledge base in the form of codes, database etc. Mr.Arun is worried about the growing customer base as well as the variation in the demands of the customers. Mr. Kumar is thinking about how to leverage the existing database of knowledge the company has and how his company can deliver the best to the customers. Mr. Arun is also thinking of contacting few of the consulting firms as well to resolve this issue.Arun is also gauging the option of making a different information center unit which will be responsible for optimizing the database and come up with best suitable data for the business requirement.Beacuse of the growing clientele Mr.Arun is not able to expand his business and stuck in a dilemma whether to hire a consulting firm or whether to have a separate team which will be optimizing the knowledge database the company has.
Why Did Nationwide need an enterprise-wide data warehouse? Nationwide is large mutual insurance company with variety of products. They had each business units operating on their own by leveraging multiple different technology platforms. Data was collected and stored in different forms and structures. They suffered with data redundancy and high operational & maintenance costs.
As the Big Data era advances, the significance of data is changing. In addition to supporting business decisions and transactions, data is often now the good being traded, as companies begin to grasp the seemingly boundless potential value inherent in the data itself. Decreasing storage costs combined with the ability to collect data passively (through technological progress) mean that many companies are finding it easier to justify preserving the data rather than discarding it once its primary function h...
To provide the collaboration, the organization is maintaining the SharePoint. It acts as main collaboration and information management platform for organization’s internal aspect with benefits and pension programs for the personnel of the organization. In this Implementation process, the AUMA admin faced some of the problems in moving and restructuring the content throughout the system for the customer and also optimizing the storage. The experts on the SharePoint was deficient and also the cost of hiring the skilled experts was prohibitive. So a cost-effective, flexible and proven solution is needed
In today’s society, technology has become more advanced than the human’s mind. Companies want to make sure that their information systems stay up-to-date with the rapidly growing technology. It is very important to senior-level executives and board of directions of companies that their systems can produce the right and best information for their company to result in a greater outcome and new organizational capabilities. Big data and data analytics are one of those important factors that contribute to a successful company and their updated software and information systems.
Davenport and D.J. Patil. Data being one of the strategic importance in business has a field in which is becoming a serious job in some sectors. In this reading, it explained that with this method it navigates the world around humans. Being said data scientist are the ones making new discoveries each and every day. “As they make discoveries, they communicate what they’ve learned and suggest its implications for new business directions.”
Currently, businesses want to use the information effectively for competitive advantage to make better decisions that improve and optimize business processes, predict the market dynamics accurately, optimize forecasts to adequately maintain resources to name a few reasons.
Introduction With today’s rate of development in technology, there has also been an immense increase in global information sharing. Innovations in technology and design seem to be emerging in the market almost every month. One of the key aspects of any business is to gather, organize and efficiently apply this information. According to Antonic (2005), economic assets are fast becoming of secondary importance in the market as companies ascribe more importance to intellectual capital. With the right application of knowledge management methods, companies can achieve a competitive advantage by managing the immense amount of information available (Balanced Scorecard Institute, 2002).
"Although fully searchable text could, in theory, be retrieved without much metadata in the future, it is hard to imagine how a complex or multimedia digital object that goes into storage of any kind could ever survive, let alone be discovered and used, if it were not accompanied by good metadata" (Abby Smith). Discuss Smith's assertion in the context of the contemporary information environment
The fascination about information management, the seminar on ‘Hadoop vs RDBMS’ as well as the exposure to data-ware housing made me realize the need of a concrete base in MIS. My long term goal is to conduct research in the field of Information Systems and I look forward to develop my career in the field of MIS and a graduate degree at University of ______, _______will be the right step in that direction.
In most organizations, effective utilization of knowledge increases productivity, creates competitive advantage and, ultimately, improves profits.
System performance is one of the most critical issues faced by companies dealing with vast amounts of data. Companies use database systems and their applications to store, retrieve and handle this data.
Prior to the start of the Information Age in the late 20th century, businesses had to collect data from non-automated sources. Businesses then lacked the computing resources necessary to properly analyze the data, and as a result, companies often made business d...
Article Summary Chan and Khodakarami’s (2014) article titled Exploring the role of customer relationship management (CRM) systems in customer knowledge creation provides clear insight into the capabilities of this concept. The authors write this article around the fact that knowledge creation relies on the ability to gather and convert customer-based data from a variety of sources (Khodakarami & Chan, 2014).
Curtis G. & D. Cobham (2002: 4th edition) Business Information Systems: Analysis, Design and Practice. Essex: Pearson Education Limited
In our world, people rely heavily on the power of technology every day. Kids are learning how to operate an iPad before they can even say their first word. School assignments have become virtual, making it possible to do anywhere in the world. We can receive information from across the world in less than a second with the touch of a button. Technology is a big part of our lives, and without it life just becomes a lot harder. Just like our phones have such an importance to us in our daily lives, database management systems are the same for businesses. Without this important software, it would be almost impossible for companies to complete simple daily tasks with such ease.