...“Role of IT Systems in Virtual Stores Implementation” Table of Contents Business Objective 3 The Business Model 3 IT landscape for this Business 4 1. IT System for Cloud based Mobile Payments 5 2. IT System for Vendor Management Software 6 3. IT system for Inventory Management/ Logistics 7 4. IT system for Business Intelligence / Analytics 8 Business Objective Keeping in mind that in future we could find stores where shoppers can browse the shelves in virtual reality, we came up with an idea for a startup which could give the future shoppers a rich digital shopping experience on the go. Internet of things will change how we shop, as well as how products are presented to us. As a pilot project we plan to set up “Virtual Grocery Store” in locations like metro stations where people can literally do their grocery shopping while waiting for trains. Taking an hour a week for grocery shopping can be a real drag for people residing in metro cities. So we devise a way to have the store come to people. The technology will give shoppers the power to make better buying decisions and eliminate some shopping irritations. The Business Model The walls are plastered with posters that resemble the aisles and shelves of a supermarket. They’re lined from top to bottom with the products you’d normally see while grocery shopping. The only difference is that you can’t just grab the product and check out. The groceries each have a QR code which the shopper scans...
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...FOR CIOS Emerging Business Technology Priorities Landscape: The Business Technology Agenda Playbook by Marc Cecere and Charlotte Wang March 22, 2016 Why Read This Report Key Takeaways In the age of the customer, the focus of technology management must shift toward winning, serving, and retaining customers. Understanding how and where to prioritize this shift is a critical aspect of technology leadership. This report describes the landscape of options CIOs must navigate to lead in the age of the customer — options that both simplify existing information technology (IT) services and accelerate new business technology (BT) capabilities. Focus Scarce Resources On Business Technology Initiatives Strategic business capabilities create perceived differential value in the mind of the customer. By focusing scarce BT resources on strategic capabilities, CIOs can dramatically shift the role of technology management in creating superior customer experience and delivering customer value. This is an update of a previously published report; Forrester reviews and revises it periodically for continued relevance and accuracy. Reduce Complexity By Simplifying IT Legacy In the age of the customer, business must become agile and operate at the speed of the market. To achieve agility, CIOs must remove the complexity of the underlying technology surrounding generic capabilities by engaging the executive team to compromise on generic technologies. Prepare The Technology Organization With New Skills...
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...what drove the need to collect and analyze data? Organization | Drivers for Data Collection and Analysis | Amazon.com | * Change in customers tastes * Fulfillment center’s inventory needs * Customer demographics * Marketing for customers * Innovation * Gaining customers loyalty * S3 data | Wal-Mart | * Future plans * Customer tastes * Customer demographics * Supply chain efficiency * Inventory | Brose | * Sales * Organization in operating * Inventory * Accurate forecasting * Resources for production | Partners Healthcare | * Optimization of treatments * Cost-effective medication * Customer demographics * Patient personalization engine | Facebook | * Design modification * Advertisement * Development * Data consultation * Big data production | 2. What are the benefits and what are the risks in any “big data” undertaking? Benefits of Big Data Applications | Risks in Employing Big Data Applications | Predictive analysis | Relies a lot on technology | Data consultation | Transparency issues | Diversification | Privacy issues | Market development | Ethical issues | Product development | Stealing of data | Less costs | Property rights issues | Less human error | Correct usage of big data, it wont be as affective if used in a wrong way | 3. What tools and skills are required to affect the positive leveraging of data within the enterprise? * tools: *...
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...Facts SAP HANA® – An In-Memory Data Platform for Real-Time Business Objectives Solution Benefits Quick Facts Fast, broad, and meaningful insight at your service Fast, broad, and meaningful insight at your service Real-time analytics No matter what business you’re in, your success may depend on one thing: insight. Not just insight gleaned from standardized reports and data, but insight gleaned from data across your entire enterprise – data that you can use the very second it’s created to help your business thrive. That’s the power of real-time business insight – and that’s the power of the SAP HANA® platform Historically, real-time business insight has not been possible because separate analytical and transaction databases require that numerous complex data models have to be built in order to make data meaningful to business users. There are also scale limitations, as large data sets from different sources in the company can’t be used simultaneously to provide meaningful and instant answers to complex questions. SAP HANA breaks traditional database barriers to simplify IT landscapes, eliminating data preparation, preaggregation, and tuning. You can instantly access huge volumes of structured and unstructured data, including text data, from different sources. SAP HANA is a completely reimagined platform for real-time business. It transforms business by streamlining transactions, analytics, planning, predictive, and sentiment data processing on a single in-memory...
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...a new corner office and it belongs to the Chief Analytics Officer (CAO). For businesses with access to large data streams, analytics holds the key to making fast and accurate decisions. CAOs can now use data for a variety of purposes. It can help manage operational efficiencies, discover customer needs, identify new markets, give shape to new products and value-added services and develop defensible differentiators. In other words, the onus to support the organizational business strategy now falls upon the CAO. And assisting CAOs with this goal is the science of analytics. Analytics is being recognized as a key business differentiator across the industries. All business functions in every organization recognize the need of quality data to drive decisions. In this competitive world, every critical decision counts CAOs are tasked to make this data and insights to make it available to anyone, anytime and anywhere. —In the current digital era, lack of actionable insights means loss of business momentum, customer attrition and erosion of market share. CAOs are therefore careful when they embark upon the analytics transformation journey. They know it requires the ability to balance the business landscape with technological developments. Through targeted business and technology capabilities realized by a proven methodology that prepares , analyses and visualizes the data ahead of business need, analytics has the latent power to transform businesses. What is the alternate to EDW...
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...IT Security Controls and Countermeasures Best practice in information security and compliance would be to be in association with a security facility to discuss the challenges that the company faces in regards to data protection, compliance and the Internet. They would also recommend ideas as to how to organize secure environments without using expensive or outdated methods. Examples of this would include: * The cloud security risk for the company. This is a technology that is sought after by many companies. It is popular because of the flexibility, pay-for-use and less hardware that needs to be used. * Security regulation compliance for companies. Being compliant with The Data Protection Act and PCI-DSS payment card regulations is difficult because it’s time consuming and expensive. * The changing of a company’s threat landscape. This is important to constantly survey for any changes to the threat landscape. Malware is one big issue; which is becoming more and more sophisticated. * Security education and training for companies is very important to the security that is necessary to reduce any human error. * ISSA5173 security standard is the brainchild of the Information Systems Security Association (ISSA-UK). This is used to combat any needs a company may face and to create new security standards for the company by looking at policies, procedures and the education of employees. One critical step that needs to be addressed is to have a more detailed education...
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...Converting data into business value at Volvo Case Study 1 By Michael Miller To Dr. Darlene Ringhand CIS 500: Information Systems and Decision Making Strayer University Prince George’s MD Campus The cloud infrastructure that Volvo included into its networks was a very good idea. They applied this idea to all the aspects in their cars. The idea of including this technology in their product I’m sure customers today would love and depend on the technology. Volvo product has hundreds of sensors that generate data that is utilized not only by the car itself but also by the cloud back to the manufacturer. Volvo has systems that data is collected from a multitude of different things. The cloud that Volvo uses has the ability to share information about any particular vehicle and any problem that they may be having and stop issues before the vehicle fails to operate. Volvo Corporation transforms data into knowledge by having centralized data which will be able to make a lot more accurate predictions and by letting the company to get a chance to better target marketed campaigns and understand profitability of customers. Volvo performs forensic examinations to cars that were in accidents to understand problems with vehicles and take steps to help from them happening. The data is such at a high where Volvo can almost have real time analysis to help them in supplying great service to the customers. The real-time information system that Volvo has implemented is base of collecting...
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...certain visionary once said” are a hard one to compare and comment on. Though both highway’s and gore’s introductory and concluding paragraphs are effective and persuasive, both of them use a different vocabulary style. Firstly, Highway’s introduction is very descriptive which paints an image in our mind (readers).whereas gore’s introduction in “The Moment of Truth” is effective because of providing scientific data to prove we are in a crisis and about criticism of the former president of the united states Mr. George Bush’s irresponsiveness to the number of environmental issues. Highway’s introductory paragraph is catchier because he use a descriptive way of narration which he gained from his real life experiences on the beauties of his countryside’s landscapes. (2) Highway’s description of the landscapes of northern Canada paints a beautiful image in the reader’s mind. The words used to represent the beauty of the landscape. And also Al Gore’s introductory paragraph in “The moment of truth,” is also equally effective. He starts off with letting the readers about the big crisis we about experience. He makes it even more interesting by explaining the meaning of crisis in Chinese and the characters’ meaning. This makes the introductory paragraph more informative too. The whole reading “The moment of truth” is categorized based on the Chinese characters for crisis mentioned in the introductory paragraph. Secondly, Highway’s conclusion in “What a Certain Visionary Once Said” was...
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...Converting data into business value at Volvo Case Study 1 By Michael Miller To Dr. Darlene Ringhand CIS 500: Information Systems and Decision Making Strayer University Prince George’s MD Campus The cloud infrastructure that Volvo included into its networks was a very good idea. They applied this idea to all the aspects in their cars. The idea of including this technology in their product I’m sure customers today would love and depend on the technology. Volvo product has hundreds of sensors that generate data that is utilized not only by the car itself but also by the cloud back to the manufacturer. Volvo has systems that data is collected from a multitude of different things. The cloud that Volvo uses has the ability to share information about any particular vehicle and any problem that they may be having and stop issues before the vehicle fails to operate. Volvo Corporation transforms data into knowledge by having centralized data which will be able to make a lot more accurate predictions and by letting the company to get a chance to better target marketed campaigns and understand profitability of customers. Volvo performs forensic examinations to cars that were in accidents to understand problems with vehicles and take steps to help from them happening. The data is such at a high where Volvo can almost have real time analysis to help them in supplying great service to the customers. The real-time information system that Volvo has implemented is base of collecting...
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...A University of California at Los Angeles (UCLA) professor of Earth was studying images taken from the Mars Reconnaissance Orbiter (MRO). The images were revealing signs of plate tectonics. Mars was showing signs of what looked like fault systems. An Yin had said, “When I studied the satellite images from Mars, many of the features looked very much like fault systems I have seen in the Himalayas and Tibet, and in California as well, including the geomorphology.” What this means is that the way that the martian landscape looks is very similar to Earth’s and easily could have been formed the same way the Earth landscapes did. The cliff sides on Mars are very comparable to the ones in California’s Death Valley. Mars is divided into two plates which he refers to as Valles Marineris North and South. (Wolpert,...
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...should pursue the Blue Ocean Strategy of becoming a nationwide data collection network. According to the United States Postal Service’s (USPS) website they have 211,264 total vehicles as of 2014. The U.S. Government Accountability Office states that the USPS has the largest civilian fleet of vehicles in the world. The USPS also has delivers to every address in the United States- this requires an extensive delivery network. The USPS should exploit their vehicle fleet and extensive delivery routes to outfit their vehicles with sensors to become a data collection network. According to an article in Popular Science, the Postal Service’s fleet of vehicles could be equipped “with an array of cheap sensors, mail trucks could wireless deliver real time information on weather, pollutants, traffic, road conditions, and even locate gaps in cell phone coverage and television signals” (Dillow, 2010). The data collected could have homeland security implications as well, as noted in Popular Science, by sensors being able to identify chemical-biological threats as well as radiological threats. Threats are always prevalent to an organization, especially one that is trying to implement a new business opportunity to their existing business. The USPS is unique because they have threats that come from the private sector and threats that come from Congress in the public sector. The threats from the private sector come from other data collection companies who already have the technology and infrastructure...
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...In Chapter 9: “The Destination is You,” Stephens compiles the ideas of technological advancement and customer purchasing decisions in the chapters previously mentioned above and further discusses big data, which is currently being utilized in many different retailers. Big data has allowed companies to go beyond their own generated customer research results to a larger degree, where they can gain access to large amounts of customer related data from web searches to credit scores. If correctly analyzed and used, these data can provide a significant amount of benefits to the business as it helps them narrow down to their customer’s true interests and behaviors and avoid them from opportunity costs like the time and money invested on irrelevant processes (Stephens 199). Not only are companies the one using big data to better understand their customers, but consumers too are beginning to find their...
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...The Big Data Challenges Markesha Peterson Dr. Lazzara Information Technology For Management October 28, 2012 Volvo Car Corporation is now capturing massive amounts of data from their vehicles. (Strader 2011) Rich Strader who sat in the CIO’s chair at Volvo for a twelve month stint is now convinced that, in this world today the consumers now value smart tech as much as automotive engineering. Strader feels manufacturers need to create vehicles that are in effect, highly connected, data-rich IT environments. The data that’s captured from the cars are opening up opportunities to turn resources in to something that allows Volvo to build better cars, and helps the customer have a better experience. (Strader 2011) The idea of them wanting to capture information internally from their vehicles to better the quality of their products for consumers is ground breaking. In this case study, I fill that Volvo integrated the cloud infrastructure into its networks perfectly. They decided to embed sensors and CPUs throughout the car, as an alternative for capturing data. The data that is captured for use within the vehicles transmission via the cloud back to the manufacturer, is detected from the brakes all the way to the central locking system. This idea was a way for the company to ensure the quality of the data stored covered all aspects of the vehicle. The way Volvo implemented the cloud infrastructure was a structured,...
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...HOW FUTURE IT TRENDS WOULD IMPACT ORGANIZATIONS BUSINESS STRATEGIES TO DRIVE INNOVATIONS, ADD VALUE AND GAIN COMPETITIVE EDGE? Chamika Waidyalankara (ECU ID: 10217155) ACBT – Semester II MBA5709 - Information System Challenges in Management Table of Contents 1.0 Introduction 3 2.0 Future IT Trends 4 Internet of Things 4 Cloud Computing 4 BYOD (Bring Your Own Device) 5 Enterprise Mobility 5 Big Data 6 Enterprise Social Networking 6 3D Printing 7 Wearable Computing 8 3.0 Uses and Impact of future technology on organizations 9 4.0 Published case studies and Observations 15 5.0 Key Findings 16 Changing customer landscape 16 Rise of collaborative models 16 Personalization of products and services 16 6.0 Conclusion 17 7.0 Bibliography and References 18 1.0 Introduction Information technology (IT) is an area in which new developments are taking place more and more rapidly. IT has gone through many evolution cycles and today we are in the era of Web 2.0 and 3rd Platform of IT. Technology we used during last decade has become museum exhibits and what was then showcased in Science fictions has become more reality today. Consumer and business tech are merging, where the two going to be barely separable. The 3rd Platform is changing the way we interact with everything. Speculating on what's going to happen over the next few years is of course entertaining. The future of business has always been driven by developments in technology, and the digital revolution...
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...researcher presents findings relevant to the major marketing decisions facing management.” Therefore, the last step in the marketing research process is “Step 6: Make the Decision” (Kotler & Keller, 2009, p. 103). 5. Research that is designed to capture cause-and-effect relationships by eliminating competing explanations of observed findings is called _____. Research that is designed to capture cause-and-effect relationships by eliminating competing explanations of observed findings is called “experimental research” (Kotler & Keller, 2009, p. 95). 6. _____ is a coordinated collection of data, systems, tools, and techniques with supporting software and hardware by which an organization gathers and interprets relevant information from business and environment and turns it into a basis for marketing action. “Marketing decision support system (MDSS)” is a coordinated collection of data, systems, tools, and techniques with supporting software and hardware by which an organization gathers and interprets relevant information from business and environment and turns...
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