Data mining has an important place in today’s world. It becomes an important research area as there is a huge amount of data available in most of the applications. This huge amount of data must be processed in order to extract useful information and knowledge, since they are not explicit. Data Mining is the process of discovering interesting knowledge from large amount of data. The kinds of patterns that can be discovered depend upon the data mining tasks employed. By and large, there are two types of data mining tasks: descriptive data mining tasks that describe the general properties of the existing data, and predictive data mining tasks that attempt to do predictions based on inference on available data. The data mining functionalities and the variety of knowledge they discover are briefly presented in the following list: Characterization: It is the summarization of general features of objects in a target Continue reading
Business Information Systems
Evolution of Management Information System
There have been a lot of changes in the way in which information processing has come up. This change in information processing system can be seen from the point of view of the enabling technologies as well as the increasing demands of the information processing capabilities of organizations. In the past, small organizations were owned and operated by one man. The owner was both president and chief-executive who single handedly undertook all the functions required to operate the organization, including accounting, inventory control, public relations, research and so on. The owner personally gathered information necessary to carry out various functions, either using it as it was gathered or storing the information in his memory for later retrieval. Once a decision is made, the owner undertook the necessary action himself. For a small organization, the owner-oriented information system was often very efficient. For the owner himself, a highly integrated information system Continue reading
Case Study: Success of Amazon’s Kindle Fire
In 2007 Amazon introduced the first Kindle e-reader for $359, their first foray into selling a tangible product under their own brand. The media quickly named the product an e-reader, a limited use mobile device designed for downloading and storing content from online. Perpetuating a successful, yet deceptively simple business model, the Kindle e-reader made “online [book] shopping so easy and convenient,” customers could browse, download and read books, magazines and newspaper content, at the click of a button on the Kindle. The e-reader market perked up as Amazon offered an affordable price point of $9.99 for book downloads and blended it with an easy to read e-ink, glare free device along with a simple user interface and operating system. Kindle’s launch success became the catalyst that opened up the e-reader market for big box book retailers, Barnes and Noble and Borders bookstores who shortly followed with introductions of their Continue reading
ERP Software Cost
Enterprise Resource Planning (ERP) packages are very expensive. Let us be clear. If you have already have some system or not, once you decide to go for ERP, you need to plan well. The entire project cost is not the only the ERP Software cost. It includes hardware, software, implementation, consultation charges, sensitizing employees to ERP and training them. Hence, if you come across some one indicating only the ERP software cost, do not get carried away. Every ERP implementation needs careful planning. Once the Enterprise identifies a few specific ERP software, ERP companies or their consultants may be asked to give you some presentation as to why should their ERP software be bought. Do not expect to get the total ERP implementation costs including ERP software cost in this presentation stage. You need to technically evaluate all the suitable ERP software packages. If you have internal expertise or a Continue reading
What is an Enterprise Database?
Data are the raw material from which information is produced. Therefore, it is not surprising that in today’s information-driven environment, data are a valuable asset that requires careful management. To access data’s monetary value, data that stored in company database are data about customers, suppliers, inventory, and operations and so on. Imagine that all the data in the database loss. What will happen if the situation like that happen? Data loss puts any company in a difficult position. The company might be unable to handle daily operation effectively; it might be faced with the loss of customers who require quick and efficient service, and it might lose the opportunity to gain new customers. Data are a valuable resource that can translate into information. If the information is accurate and timely, it is likely to trigger action that enhance the company’s competitive position and generate wealth. In effect, an organization is Continue reading
Enterprise-Wide Computing – Meaning, Importance and Issues
Current breakthroughs in information technology have enabled the worldwide usage of distributed computing systems, leading to decentralize management of information. This has been supported by and has become inflamed great competition in business through faster and more precise data storage and retrieval and information processing. A number of organizations have accomplished high efficiency, comprising ease of use and lesser costs in operations by adopting a client/server computing structure. Furthermore, system integration and interoperability issues are being intensified as institutions and organizations are moving from mainframe based processes towards an open, distributed computing environment, and this situation is pressing corporations into an accelerated construction of extensive distributed systems for operational use. Technological transformations are at this point is happening and accelerating very fast that it may increase the computational power just same as the creation of desktop and personal computers did. Soon a lot of demanding computer applications will no longer Continue reading