Fourth generation (4G) wireless was originally conceived by the Defense Advanced Research Projects Agency (DARPA), the same organization that developed the wired Internet. It is not surprising, then, that DARPA chose the same distributed architecture for the wireless Internet that had proven so successful in the wired Internet. Although experts and policymakers have yet to agree on all the aspects of 4G wireless, two characteristics have emerged as all but certain components of 4G: end-to-end Internet Protocol (IP), and peer-to-peer networking. An all IP network makes sense because consumers will want to use the same data applications they are used to in wired networks. A peer-to-peer network, where every device is both a transceiver and a router/repeater for other devices in the network, eliminates this spoke-and-hub weakness of cellular architectures, because the elimination of a single node does not disable the network. The final definition of “4G” will have to Continue reading
Business and Technology
NetSuite ERP Software – True Cloud ERP Platform for Any Business
The main objective of establishing a business organization is to ensure that returns from the venture are maximized. Entrepreneurs must work around the clock for the mobilization of resources and make sure that the business goals are achieved. Various mechanisms are applied to enable the accomplishment of the missions. These encompass the creation of a working environment that is favorable, the adoption of the right technology as well as ensuring that there is the provision of suitable services and products into the market. Any business organization that aims at growing and attain global recognition has to make better consideration of technological trends. Operational data is a requirement for all levels of decision-making in organizations. It is essential because it gives a comprehensive account of any transpiring aspects. The inclusion of technological solutions in the business and running of its operations enable improvement of the anticipated outcomes. Organizations have to establish Continue reading
Fraud and Forensic Auditing
Overview of Fraud – The Fraud Triangle Fraud has become an important topic in today’s business environment, especially in the light of scandals such as Enron (Read: Enron Accounting Scandal) and WorldCom (Read: WorldCom Accounting Scandal). While many think of top corporate executives committing fraudulent acts, especially those considering financial reporting, it is important to note that lower level employees also add to the risk of fraud within a company. The fraud triangle shows the three main elements necessary in order to create fraud: pressure, rationalization, and opportunity. Financial pressure is often the first reason someone within a corporation would want to commit fraud. This could take the form of a lower level employee who finds himself in a difficult personal situation and believes that he would only benefit from stealing from the company. Alternatively, an employee may commit fraud because they believe that the company or their job could Continue reading
Data Mining – Meaning, Steps and Business Applications
Data mining or knowledge discovery is the process of analyzing data from different perspectives & summarizing it into useful information. This information can be used to increase revenue & cut cost or both. We know that data mining software is one of a number of analytical tools for analyzing data. It allows users to analyze data from many angels & categories it. It also summarizes the relationship identified. Technically speaking data mining is the process of correlations among dozens of fields in large relational database. In other words it is the process of sorting through large amount of data & picking out important information. It is often use by business intelligence organizations & financial analysts. It is also used in the sciences to extract information from the data set generated by modern experiment & observational methods. Data mining in relation to Enterprise Resource Planning(ERP) is the statistical & logical Continue reading
What Is Data Strategy?
Data Strategy defines a set of choices and actions that, together, define a high-level course of action to achieve high-level goals. It involves business plans to use knowledge to a competitive advantage to support business objectives. A Data Strategy requires an understanding of the data needs inherent in the Business Strategy. Like many other terms, “data strategy” has several synonyms in data management. They include but are not limited to business data strategy, business data management strategy, information management strategy, business information management strategy, information strategic plan. All these terms refer to the same concept of a single, enterprise plan for the use of organizational data as an essential asset for strategic and operational decision-making. A data strategy defines the approach that the enterprise will take to manage and use its data and information to achieve its business and technology goals and to realize a competitive advantage using this asset. The Continue reading
What is Cryptography and Its Types?
Cryptography is defined as hiding the message to make it secret using scrambled codes. It allows the date to be changed into a code that is not legal for not permitted person and it needs to be converted back to its original message for it to become readable. Encryption and decryption are the process of cryptography. Encryption is when the readable text is converted into coded text while the decryption is where the coded text is converted into readable text. There are numerous types of cryptography but the symmetric and asymmetric key cryptography is the most used technique. 1. Symmetric-key Cryptography Symmetric-key Cryptography is also known as the private key cryptography. It is the oldest and well-known technique of cryptography. This method is simple which only requires each computer that has a code that will be encrypted by an encryption software into packets of data before it is sent across Continue reading