...introduce what Artificial intelligence means in the world of information systems. I will give points to both its advantages and disadvantages of its uses. Artificial Intelligence is considered the development of machines such as robots and security systems to perform the job of humans. They even have feelings, thoughts, preferences and the ability to understand human speech (Russell, 2009). In 1941, the most intelligent machine was an invention in the form of the electronic computer. Who would have thought 60 years from then that the same computer would be perfected beyond leaps and bounds and be used to control other machines, as well as be part of day to day living? In 1956, John McCarthy, considered the father of Artificial Intelligence, organized a conference where intellectuals gathered to learn of this phenomenon (Lee, 1992). This laid the foundation for the advancements in artificial intelligence today. Today artificial intelligence is used in our homes and sophisticated establishments such as military bases and the NASA space station. NASA has even sent out artificially intelligent robots to grace some planets and to learn more about their atmosphere and habitat, the intention being to investigate if there is a possibility of humans living on other planets. There are many advantages and disadvantages of the use of artificial intelligence in business and in our day to day lives. Some of the advantages of Artificial Intelligence include: • Machines can...
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...can’t replace people. But with artificial intelligence, computers could be trained to think like humans do. Artificial intelligence (AI) is the branch of computer science concerned with making computers behave like humans. Artificial intelligence allows computers to learn from experience, recognize patterns in large amounts of complex data and make complex decisions based on human knowledge and reasoning skills. Currently, no computers exhibit full artificial intelligence (that is, are able to simulate human behavior). AI research is highly technical and specialized, deeply divided into subfields that often fail to communicate with each other. In 1956, John McCarthy, who is thought to be the father of Artificial Intelligence, organized a conference where intellectuals gathered to learn of this phenomenon. This laid the foundation for the advancements in artificial intelligence today. Artificial intelligence has become an important field of study with a wide spread of applications in fields ranging from medicine to agriculture. The central problems of AI traits are reasoning, knowledge, planning, learning, communication, perception and the ability to move and manipulate objects. The greatest advances have occurred in the field of games playing. Today artificial intelligence is used in our homes and in sophisticated establishments or businesses. There are many advantages and disadvantages of the use of artificial intelligence in business and in our day to day lives. The main...
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...life very easy for the average person to accomplish tasks that before has posed as a problem. It also has many advantages such as being able to talk to people anywhere in the world at a cost of next to nothing, and purchasing of goods that is delivered straight to your doorstep.to name a few. In this essay we will be looking at Web 2.0, Social networks, and Collective intelligence, knowledge management and personal knowledge management. Web 2.0 Web 2.0 is a concept that was started in early 1999,it’s the term used to describe web sites that uses next generation technology. It is the way end users and software developers use the web. Web 2.0 can be linked to the 2004 O'Reilly Media Web 2.0 conference. Web 2.0 sites allows the user to connect and interact with other users(social networking).Web 2.0 doesn’t limit the user to only viewing of content but content that’s generated in a virtual community. Forms of Web 2.0 are Blogs, Rss, Wikis, Podcasting and social networking. Advantages: Web 2.0 has made so much more possible for companies and individuals all around the world. Focusing specifically on the business environment web 2.0 has created an online marketing industry. Companies make use of the web as advertisement medium, its cheap and gets global exposure. Anybody, anywhere can access company info, product prices etc. Web 2.0 provides users to share and gain info from different sources online, this keeps everybody updated and u get more than one source of info as information...
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...Why state Intelligence agencies engage in international intelligence liaison? 9/11 terrorist attacks, 7/7 terrorist attacks, Paris attacks are the implementer of what is called international intelligence liaison. These major terrorist attacks have put intelligence agencies in a place where they need liaison to face the problem. 21st century is witnessing the increase in globalization of intelligence. The phenomenon of international intelligence liaison is central to this process, it is an area where intelligence and international relations come in to connect. This article highlights the key themes that are currently developing within international intelligence liaison relationships. International intelligence liaison which may be defined as the the process of communication or cooperation which facilitates a close working relationship between intelligence organizations and law enforcing agencies of many states and countries. Intelligence agencies act as frontline of homeland defense and security. Right now, no any single state or country is facing the challenge of terrorism. These days international intelligence liaison is occupying space in academic research, political discourses and in state matters. As Adam Svendsen says: ‘Liaison today represents the most significant dimension of intelligence.’ It is high time for world to recognize and realize that existentialist issues such as, pandemics, overpopulation, climate change and now terrorism, are of global level. Therefore...
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...in which its suppliers participate. What are the disadvantages to Volkswagen of not using a generic B2B e-market place with even more suppliers? What are the advantages to Volkswagen of developing and using its own proprietary B2B e-marketplace? Not operating a generic B2B e-marketplace brought disadvantages to Volkswagen at some point. Not using a generic B2B will result to no new trading partners, difficulty in finding suitable partners, no open infrastructure standards, making it more difficult to plug into other than proprietary technology and significant technology costs. A lot of time will be wasted searching for good deal to purchase large quantity from over thousands of suppliers. The company will also have to go through many steps just to complete hundreds of transactions which mean loss of opportunity cost of negotiating for better prices with the suppliers. On the other hand, developing and using its own proprietary B2B e-marketplace brought advantages to the company. It reduced administrative tasks, accelerated processes, improved planning accuracy and improved transparency in collaboration with suppliers. There will be an ease in ordering of parts since there are 5,500 suppliers to interact with, both local and abroad. In that case, Just-in-time (JIT) will be more effective, so as the supply chain management (SCM). It will bring information to the purchaser, adopting business intelligence system. 2. When Volkswagen needs a new...
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...[Type text] DATA WAREHOUSE Introduction In todays competitive and information packed age, management, executives and business users need well organized data for decision support and for the organizational planning. Decision Support Systems (DSS) were developed to aid executives and managers to better understand the information and facilitate at making better decisions. But DSS has its own limitations. Due to the information requirement and their complexity, it was difficult for Decision Support System to extract all necessary information from the data. Therefore to overcome this drawback, a new data storage system, called the Data Warehouse was developed. What is a Data Warehouse? A data warehouse is a relational database. It is not used for daily routine transaction processing. It contains remarkable (having great significance) data derived from the transaction data. It also contains data from other sources like external systems, or applications. It is designed for query and analysis. Copyright 2011. Do not copy or publish any part of this document without author's permission. [Type text] Data Warehouse Vs Traditional Database A database is a collection of the relational data. Database system comprises of a database and database software. Similarly, a data warehouse is a collection of relational data as well as supporting system. If we look closer at it, we will find that both the traditional database and the data warehouse have indexes, fields, keys, views...
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...Business Information Systems Learning Outcomes Week 5 DECISION-MAKING SYSTEMS 1. Explain the importance of decision making for managers at each of the three primary organisation levels, along with the associated decision characteristics. * Meaning of decision making * Decision making is a process of selecting the best among the different alternatives. It is the act of making a choice. There are so many alternatives found in the organization and departments. Decision making is defined as the selection of choice of one best alternative. Before making decisions all alternatives should be evaluated from which advantages and disadvantages are known. It helps to make the best decisions. It is also one of the important functions of management. Without other management functions such as planning, Organizing, directing, controlling, staffing can’t be conducted because in this managerial function decision is very important. According to Stephen P. Robbins, “decision making is defines as the selection of a preferred course of action from two or more alternatives.” * Importance of decision making * Implementation of managerial function: Without decision making different managerial function such as planning, organizing, directing, controlling, staffing can’t be conducted. In other words, when an employee does, s/he does the work through decision making function. Therefore, we can say that decision is important element...
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...Religious Diversification Today Religious diversification in the workplace is an issue employers will always face. Management of this diversity is necessary so that employees can reach their full potential, maximize productivity, and create a positive work environment by which everybody is accommodated. By understanding the positives and negatives of having religion and spirituality in the workplace, it is clear that there are advantages and disadvantages. Positive aspects of integrating religion or spirituality into the workplace may include improved worker performance and better relationships between management and employees. There are disadvantages as well, such as discrimination, and resistance to religious culture, which can reduce productivity and may lead to legal issues. Law and Regulation The most common way a company integrates religious views into their work place would depend if the company were public or privately held. For example, if the CEO of a private organization was Christian there might be rules for allowing extra prayer time at the work. Under federal law, regarding religious expression in private work areas, “Employees should be permitted to engage in private religious expression in personal work areas not regularly open to the public”(Earp, 2008). Publicly held organizations must allow for prayer during the day and if the other employees are atheist or another religion they must be respectful. As long as work is being completed during work hours all...
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...Kudler Fine Foods After searching for opportunities for a different lifestyle, Kathy Kudler had a vision of opening her own gourmet food department. On June 18, 1998, Kathy Kudler’s first store front of Kudler fine foods opened their doors, in La Jolla, California (Kudler Fine Foods.) Within two years later she open an additional establishment in Del Mar, California, which is within 30 minute distance from the La Jolla Store. Five years later she open a third store located in Encinitas, California. Kudler fine foods’ businesses have been doing great with the exception of one of the stores making enough money to break even. Kathy wanted her store to sell the finer items of the international cultures. Kudler Fine Foods consist of freshly bake breads, the finer meats, freshly organic produce, gourmet cheese, and superior selection of wine. Importance of Marketing Research Kudler Fine Foods is an upscale food supplier that will attract customers who are of a median to upper income. Marketing research is of importance when dealing with this any organization, especially when the products exceed the average price the same items. Kathy would need to know the target market of her customers. The target market consists of the characteristics and dimensions of their present and potential clients. Kathy needs to be aware of the average income of individuals in the area of the store, their lifestyle, population, sex, marital status, and the commute from Kudler fine foods to their home...
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...BUSINESS INTELLIGENCE Submitted By Aakash Gurjar Amritha Muraleedharannair Sasikala Ankit Shukla Srushti Ram Yugantar Sharma ABSTRACT Business Intelligence conveys a rich arrangement of advantages that drive important and substantial profit for theory. It uproots the many-sided quality of changing over crude information into significant business insight by giving associations the ability to change information from different sources into precise, consumable data that can be shared safely all through the endeavor. It empowers clients to make educated business choices rapidly and unquestionably by giving the inquiry and reporting instruments they have to discover, offer, oversee, distribute and investigate data. The objective of Business Intelligence is to empower administration to settle on more shrewd choices on the premise of learning separated from information. Does this imply having information is constantly great, that having more information and removing more Knowledge from it is better, and that learning can be gotten just from information? Business insight is accepted to have the most elevated effect on associations over next couple of years as they progressively fuse the innovation in ERP and CRM programming, a late study appears. In looking over more than 1600 officials in 36 nations, the Aberdeen Group found that one in four distinguished BI and investigation as the product innovation with the most proclaimed impact in 2009. "Organizations are finding...
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...how things are going. Today, analytics make a difference in how a company does business, day to day, and even minute by minute; more specifically how Walmart does business. As many know, Walmart is an American based multinational retail corporation that operates a chain of hypermarkets, grocery stores and discount stores. With over eleven thousand stores and clubs in 27 countries, information technology and data analytics play a major role in Walmart’s survival and helps maintain its competitive advantage. Data Analytics Overview The business intelligence and analytic technologies and applications currently adopted in industry can be considered as BI&A 1.0, where data are mostly structured, collected by companies through various legacy systems, and often stored in commercial relational database management systems (Bottles and Begoli, 2014). The analytical techniques most commonly used in these systems, popularized in the 1990s, are mainly grounded in statistical methods developed in the 1970s and data mining techniques developed in the 1980s (Chiang, 2012). The digitalization of information has created more data and the development of cloud computing, and faster and faster computers has made the increased data more accessible and useful (Bottles and Begoli, 2014). As many may see, business intelligence and the related field of data analytics have become increasingly important in the business communities over the past two decades (Bottles and Begoli, 2014). For example...
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...CHAPTER 4 Managing Marketing Information to Gain Customer Insights This chapter looks at how companies develop and manage information about important marketplace elements. This chapter is an examination of marketing information systems designed to assess the firm’s marketing information needs, develop the needed information, and help managers to use the information to gain actionable customer and market insights. Marketing Information and Customer Insights Companies use such customer insights to develop competitive advantage. To gain good customer insights, marketers must effectively manage marketing information from a wide range of sources. The real value of marketing research and marketing information lies in how it is used—in the customer insights that it provides. Customer insights group collect customer and market information from a wide variety of sources. A marketing information system (MIS) consists of people and procedures for assessing information needs, developing the needed information, and helping decision makers to use the information to generate and validate actionable customer and market insights. (Figure 4.1) Assessing Marketing Information Needs A good marketing information system balances the information users would like to have against what they really need and what is feasible to offer. Sometimes the company cannot provide the needed information, either because it is not available or because of MIS limitations. ...
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...Systems Overview…………………………………………………….1 Organization Overview……………………………………………………………..1 Process for New Systems or Software.......................................................................1 IT Job Functions………………………………………………………………….....2 Determining Effectiveness…………………………………………………………..2 Section 2: Information Systems Concepts………………………………………………….....4 Overview……………………………………………………………………………..4 LAN vs. WAN………………………………………………………………………..4 Wi-Fi………………………………………………………………………………….5 Telecommuting……………………………………………………………………….5 Section 3: Business Information Systems………………………………………………………7 Overview……………………………………………………………………………..7 Transaction Processing Systems……………………………………………………7 Management Information Systems…………………………………………………8 Decision Support Systems…………………………………………………………..8 Artificial Intelligence………………………………………………………………..9 Section 4: System Development………………………………………..………………..……10 Overview…………………………………………………………………..…...…..10 Waterfall Method…………………………………………………….……………10 Prototype Method…………………………………………………………………10 System Design………………………………………………………….…………..11 Section 5: Information Systems and Society…………………………………………………13 Section 1: Information System Overview Organization Overview USA is a medium size credit union that was founded in 1948 and has grown to over half million members’ worldwide and about 6 billion in assets. USA operates 71 branches...
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...Social Media is an umbrella term that defines the various communicative activities that integrate technology, social interaction, and the construction of words, pictures, videos, and audio. The term is generally a fancy way to describe the ways people utilize technology, namely web-based and mobile, to communicate with each other. The reasons why social media has become so popular is because its fast, cultures are shifting, it’s driven by generations x and y, it creates a new ‘you’, it makes money, and it’s new. Social media is fast. The internet gives us means to exchange information more quickly than we ever thought imaginable before. Social media combines fast information exchange with human influence. There’s no longer a need to wait for news reporters to gather and prepare information. Everyone with a smart phone and a Twitter account can become the “eyes on the ground” providing minute-by-minute updates when news is breaking (Conrad, 2011). Cultures are shifting. In the world, there is good and there is bad. As our access to the knowledge of both increases, so does our desire to be aware of the very best and the very worst—and to give our opinion of both. Sharing of opinion is something mankind has done since cave man days, but never has it been so easy to share with so many, so fast (Conrad, 2011) . Driven by Generations X and Y, the baby boomers’, kids and their kids. If you were born after 1975 in a civilized environment, there’s a pretty good chance...
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...which should portray an image of what the business wants to create or become, not what the company is now. Whilst similar business types might have similar mission statements, vision statements should be very different. An example for a business intelligence company would be ‘Be the leading independent consultative business intelligence practice in the UK’. The strategic mission part of the strategic plan should describe what the business does, not be too long and be easy to remember, an example for a business intelligence company would be ‘Provide businesses with exceptional answers to critical questions through data insight’. Goals are statements about the future of the business and represent the aspirations for it, they are similar to objectives but not all goals can be measured. An example would be to maintain partnerships with leading software vendors to ensure that the business stays on the leading edge of technological advances (Technological goal). Strategic objectives help translate organisational missions and visions into a more specific plan. They can be long-term, medium-term or short-term and must be measurable to gauge the success or failure of the execution of the plan. Examples of objectives for a business intelligence company would be - Have 40 consultants employed with and have 75% utilisation of their time within 3 years - Increase turnover to £10m within 5 years (Important business objectives, Small business Chronicle, 2015) Core competencies are...
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