Data Mining in the simplest terms, is a process of simplifying large data to generate valuable information or decluttering large amount of data to only extract useful information. Though the word “Data Mining” was not uttered until in 1980’s, when the term was trademarked by HNC to protect their product “DataBase Mining Workstation”, the concept of data mining was already established by Thomas Bayes in 1763. When Bayes published a theorem called Bayes theorem of looking at relationship between the current and prior probabilities. With the invention of computers, the theorem became a step stone to data mining as it allowed to understand reality based on the probabilities that are estimated. 1980’s was also the era which used algorithms to learn about relationships and what they mean by studying the data. Data Mining is a process that involves three elements, studying the relationship of the data, using machine to mimic Continue reading
Information Systems Management
The Impact of Technological Changes in Organizations
The impact of technology on organisational procedures and performance has become very crucial. Many organisations have realized that technological advancements shape performance levels in workers employed by the organisation. The management personnel in the organisation need to ensure that the technological changes that are introduced are managed effectively. Technological change in a company can only be successful if the existing organisational culture allows for it. All the participants in the organisation need to be aware of the benefits of technological change and their role in contributing to technological change. Many organisations have introduced newer technological processes, which have significant impacts on their users. Technological changes help in improving efficiency and performance levels in the organisation. Employees need to know how they can use these technologies and the results that are likely to be obtained from them. It has become vital for organisations to manage the changes in work procedures that are Continue reading
Decentralization in Cryptocurrencies
Decentralization is a defining characteristic of numerous cryptocurrencies and blockchain-based initiatives. By design, cryptocurrencies are decentralized and distributed, so there is no centralized authority or point of control. Decentralization in cryptocurrencies provides several benefits, including resistance to censorship and fraud, enhanced security, and better privacy. Decentralization carries several difficulties, particularly in terms of scalability and administration. Cryptocurrencies are a relatively young technology that is undergoing ongoing development. Therefore, there is no universal approach to Decentralization. Each project must carefully consider the involved trade-offs to develop a system that works. Adopting Decentralization in cryptocurrency makes firms more resilient and secure and gives users greater control over their finances. The policy enables investors to make independent decisions because the firm’s directives are not dependent on a specific authority. Consequently, this develops a system of trust, as the system must rely on its integrity to sustain the company’s longevity in the market. Decentralization Continue reading
Is Technology Hindering / Killing Creativity?
Recently, there have been numerous studies exploring the effects of technology on the youth population. Along with the significant growth in technology use, there are substantial gaps in knowledge about the rapid and sweeping changes it has on young people. Technology offers many benefits, including sustaining distance learning, improvements in communication, sustainable development, and transformation of goods and services. If it is universally accessible and used appropriately, technology can be a game-changer for the youth. It can significantly help address numerous problems regardless of a person’s disability, ethnicity, geographic isolation, or race. It can do so by providing youths with the knowledge and skills necessary to succeed in an increasingly digital world and connecting them to a world full of new opportunities. However, technology also has adverse effects on youth. Unarguably, technology is slowly reducing human’s imagination and creativity because people are highly dependent on the internet, are digitally distracted, Continue reading
Information Technology Infrastructure Library (ITIL) – An Overview
Information Technology Infrastructure Library (ITIL) is an approach to the information technology management service. It helps in practical understanding, identifying, and effective framework for planning and delivery supporting IT services in a given business. ITIL was formed in response to increasing dependence of businesses on information technology. ITIL was initially created under the backing of the UK government through CCTA department, which worked together with office of government commerce (OGC). The library is effective in defining structure of an organization through provision of skills of improving organizational information technology. It embraces standardized operational management practices and procedures, which help organizations operate IT infrastructure and achieve high quality service. The agency had set many recommendations to safeguard standard practices for both, government and private sectors in order to facilitate good IT management standards. The quantity of books increased from the initial publication in the year 1989 to about thirty volumes. More comprehensive books Continue reading
Digital Transformation – Definition, Types, Challenges, and Examples
Business performance improvement is a core goal of organizations. They develop core capabilities that drive a sustained transformation to achieve the set strategic objectives. Further, high-performance firms adopt policies for change management and adaptation to remain competitive in an unpredictable business environment. One capability that impact organizational performance is information technology (IT). Significant competitive gains are linked to superior IT resources that support digital business. Strategic integration of IT into organizational processes is seen as a way to promote greater digitization and transform a firm. IT-driven transformation encompasses the competitive capabilities drawn from information technology. The transformational potential of IT is seen in business processes, relations, consumer experience, clients, and disruption. Thus, a fundamental characteristic of digital transformation is the ability to change traditional models or confer new capabilities. The technologies should alter firm operations, support expansion to different markets or customers, and yield competitive gains. Conceptually, digital transformation encompasses Continue reading