Comment this paragraph? Business Intelligence and Knowledge Management Advanceme
ID: 414360 • Letter: C
Question
Comment this paragraph?
Business Intelligence and Knowledge Management
Advancements in technology have allowed all companies and individuals with the Internet to have access in an increased amount of data and information. It’s easy to assume that more data and more information translates into more knowledge and benefits for companies. That, however, is not necessarily true. The critical aspect is what companies do with the data; how they analyze it; what decision they make from the information; and how those decisions are made. Data without a means in place to accurately analyze it and a process to make calculated decisions does not benefit a company (Argosy, 2018). Data can, however, when used effectively can enhance productivity and competitiveness and be a beneficial to companies.
The costs of large information systems and be substantial at the front-end. A company needs to take that into account, but also consider the return on investment (ROI) that comes with it. Companies can also use other methods, such as a break-even analysis, pay back period analysis and net present value, to determine which system costs to invest in.
More data does not always mean better decisions. Even as companies invest eight- and nine-figure sums to analyze the information streaming in from its suppliers and customers, many employees still lack the processes and skills to make good use of the analysis (Shan, 2011). Just because companies have access to a lot of data does not mean that the information will be processed effectively. The company needs to make sure their employees are trained on how to analyze the data and how to put it to work (Bantleman, 2012). Even if the data is put through an IT system, the employees and managers will need to possess the skills to put that information to good use. Sometimes having too much data can overwhelm employees and even managers. This will cause them to make bad decisions and therefore making decision that could hurt the organization rather than help it.
Explanation / Answer
This is an age of digital networking, this is specific age of digital networking has enabled each and every company to use the information Technologies towards improving their overall services and gaining the strategic advantage over different platforms.
As every business is going digital and the digitalization is one of the basic needs for each and every organisation the effect of implementing the information technology into the company's organisation is going to be an everlasting benefit for a specific organisation.
Without proper Information Technology Services and Organisation cannot exist in today's industry and the specific usage of the information technology and different aspects of the company's operational structure is also very beneficial as well as important to operate and stay competitive in today's market.
Information Technology has been implemented in each and every organisation around the world and has connected multiple pages into one place it is impossible to stop the advantages of the information technology is. Strategy advantages in information technology has become a necessity for today's organisations and there will be a necessity for today's organisation as they are a necessary part of the organisations in current state.
As the world is moving towards the technological advancement, internet has become one of the greatest tools for gaining information as well as taking surveys and feedback from people. Every single person in this world have a mobile phone and somehow he is connected to the Internet. This connectivity is defining new norms and standard for surveys in the business industry. As the technological affected version are coming to the Internet it is became one of the greatest tool for surveying as well as taking feedback from the system.
When determining the medium of survey working environment of the company should be kept in mind and its mandatory to analyse the market before making any kind of survey effort. For a better usage of the server platform over the Internet the best suitable companies for the surveys are the IT based companies who are directly interactive over the Internet to the customer hence customer can easily provide correct information regarding the same survey.
When a company wants to take a feedback from huge number of people as well as the mass is you are influencing their business, uses of Internet comes in very handy. By using of social media as well as different survey mediums which can be created over the Internet in a very less. of is one of the most beneficial things of the Internet survey.
When a company needs in instant data regarding some specific product or it can review its Global product range without spending too much money on the survey, internet can be easily used to survey the conditions as well as survey the products quality and take feedback. Setting up an Internet survey is an easy task and spreading the survey among the people is also very easy as the social media is now offering different tools for taking surveys from the people.
Some pros of Internet based surveys are as follows
It is very easy to get a data for an Internet survey as it connects different kind of peoples to your organisation within a single click.
It is very very cost effective as medium to reach to the people and ask them for the feedback which increases the cost but in internet-based medium there is no such costly medium hence the overall cost is reduced
Internet service can reach very wide and there are no boundaries for an Internet survey and Internet survey can be a global survey in just a single click and can reach to the masses.
Response rates are widely increased as the reach of the Internet survey is very huge.
Some cons of Internet based services are as follows
Once were not connected to the Internet cannot be a part of the Internet service hence it limit the survey to only educated people
Survey fraud is one of the heaviest disadvantage off the Internet survey where people provide free data forgetting the incentive.
An Internet based service cannot be open ended and set limits the overall aspects of a basic survey.
Zoomerang is one of the biggest survey providers in the world. It has a wide customer range spanning from each and every small country to the largest country in the world.
Boomerang provide easy and intuitive user interface which makes it easier to operate and it would be very suitable for the soda company you get the surveys done.