CAD - Computer Aided Design
CAM - Computer Aided Manufacturing
Decision Support System
ERP - Enterprise Resource Planning
CEO - Cheife Executive Officer
Dependence of Organizations on the Analysis Of Large Databases And Other IT Resources To Formulate Basic Strategy
With the far reaching capabilities of the Internet and information technology, boundaries across the world are disappearing fast and the globalization process has taken deep root, thereby increasing the competition between world players for a better slice of the market for their products. Large corporations are leaving no stone unturned in their efforts to up their ante and position themselves at the head of the table, ensuring that their competition is safely behind them by at least 3 to 4 steps.
In this scenario, decision making attains critical status, with managers jockeying to evaluate alternatives to arrive at quick and successful decisions within minutes. When we view the creation of "big data," it is cumulatively all the data that is made available to the company by its various information technology initiatives. Big Data is certainly important to the company provided it is segregated and the useful information fed to the management with the help of analytics. Now, armed with information on the past, present and the option for the future, managers are able to rely less on their intuition and take faster, more calculative and qualitative decisions with less dependence on the risk factor, which was an erstwhile impediment. Moreover, when decisions are based on iretractable data, there is a better chance for rational thinking and decision making and are less prone to be affected by personal factors, peer pressure, and organizational situations (Webster, 2011).
1) Begin this paper by stating your position on this question clearly and concisely - take one or the other position (either for or against formality), but not both!
On the subject of how much an organization should depend on large databases and IT sources to formulate their basic strategy, having considered all the pros and cons thoroughly, I am of the firm opinion that large databases, if used effectively along with IT sources will contribute greatly to the formulation of the basic strategies of the company.
Basically, the term "big data" refers to the volumes and unstructured/semistructured data that is created by the various IT initiatives of the company. Big data are normally quantified in Petabytes and Exabytes and can be very expensive in terms of data storage. Data analytics are used for cloud computing in a MapReduce framework to be able to distribute meaningful information to the computer to feed the management to assist them to take measured decisions (Webster, 2011).
2) Citing appropriate sources, present the reasons why you take this position. Be sure to make the most effective case you can.
Today's businesses are highly competitive and need every bit of support to formulate strategies to shape the successful future of their company.
Frontline managers are always looking for input information to manage revenues, margins and costs in a more proficient and advantageous manner. More consistency and better coordination between upper and lower level managers are achieved when information is free flowing throughout the organization. Most organizations are now using the decision support system (DSS) software supported by Internet-hosted databases and user-friendly query tools, to analyze the raw "big data" and convert them into quality information for use by the decision makers using analytical and report-writing features. While DSS slices and dices data that may be novel and complex, into understandable chunks to facilitate shared consideration of multiple criteria, enterprise resource planning (ERP) enhances productivity by speeding up routine operations (Nobel, 2010).
Basically, there are two types of information technology - Information-based systems and communication-based systems. Information-based systems are like the Enterprise Resource Planning (ERP) software which will contribute to pushing decision making down the ladder to the managers at the operating level. The information based IT system does not concentrate on pushing technology, rather, it encourages the CEO to trust his senior managers and decentralize his authority down the ladder. Moreover, this system also ensures that acquisition of information at lower levels is made easy, speeding up the decentralization of the decision making process (Nobel, 2010).
One big error that many organizations make is that they fail to clearly understand the disparities between the information based and communication-based systems, lumping both of them into one single category of huge, heterogeneous set of technologies which support strategic growth and also help in warding off the challenges posed by the ever vigilant competition (Nobel, 2010).
The advantages of analytical databases on various facets of the organization
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