May I ask are there some IT approaches may work in other less or more sophisticated...

May I ask are there some IT approaches may work in other less or more sophisticated marketplaces? Please show me the IT approaches and examples

Solutions

Expert Solution

Yes, there are many approaches:

1. The ERP system should integrate information from various processes and function. the integration reduce Data Redudency and ensure the availability of the right information.

2. ERP package should be scalable and should support open ans non proprietery technology Standards which reduce risk and ensure the compatability of the system with other IT solutions.

3. The IT System posses some degree of artificial intelligence.which generate code automatically, perform symbolic differentiation and integration, understand the text to certain extent etc. Example: recently amazone introduced "Alexa" which helps in Assist the indivudual by sharing knowledge and information.

4. An artificial Neural Network ia a mathematical Computational Model for Information processing based on a connectionist approach to computation. it enables to deal with information that are fuzzy, problamatic , noicy and Inconsistent.

Example: EDI ( electronic data interchange) is a standardized form of electronic documents are transfered between two computer systems.Customers and Suppliers within the same organisation can share information electronicallly by using EDI in same time.

keosha answered 1 year ago

Next > < Previous

Related Solutions

Why many people tend to hold more money, while some other people prefer to hold less...

Why many people tend to hold more money, while some other people prefer to hold less money. And why the interest rate serves as the opportunity cost of holding money?

briefly discuss the approaches that may be used in brand valuation.what are some of the critical...

briefly discuss the approaches that may be used in brand valuation.what are some of the critical aspects to be considered in computing brand value

What have been the less successful and more successful policy approaches use to combat and hyperinflation,...

What have been the less successful and more successful policy approaches use to combat and hyperinflation, and what were the macroeconomic consequences for the countries that opted for certain policy prescriptions (i.e. currency/capital controls, full-adoption of the US dollar or some other hard currency, and etc.).

(a) Briefly discuss three approaches that may be used in brand valuation. What are some of...

(a) Briefly discuss three approaches that may be used in brand valuation. What are some of critical aspects to be considered in computing Brand value? (b) Discuss five factors that determine the value of a financial option. Use examples to illustrate your discussion (c) Discuss five major groups of common errors in practice when undertaking corporate valuations ( Marks will be awarded on the strength of explanations and relevant examples)

One of your audit clients approaches you about doing some additional work for the company. Some...

One of your audit clients approaches you about doing some additional work for the company. Some of the things that the client needs your firm’s help with include: Financial projections that includes the acquisition of a failing company. Preparation of forecasted financial statements for a bank loan. You are excited to be able to present this new opportunity to the partners of the firm, but there are several factors the firm must consider. Assume your firm decides to provide these...

I just wanna ask a simple question, but i need some explanation about it. What is...

I just wanna ask a simple question, but i need some explanation about it. What is the Physical quantities (Probably Wavelength or something like that) that causes every people has their own unique sound? Not Frequency Right? Because if frequency, people can just adjust their sound to make their frequency same with other people sound.

I was wondering where I can get a more or less complete set of a galaxy...

I was wondering where I can get a more or less complete set of a galaxy to test an n-body simulation (preferably two colliding galaxies with approx 300k to 1M elements). Is it possible to extract this data from a public source like Nasa? Or does it make more sense to just generate the data? Note: I Found the SDSS Skyserver website, but I don't think it's possible process this data to get useful initial conditions and a more or...

1. Briefly discuss three approaches that may be used in brand valuation. What are some of...

1. Briefly discuss three approaches that may be used in brand valuation. What are some of the critical aspects to be considered in computing Brand value? 2. Discuss five factors that determine the value of a financial option. Use examples to illustrate your discussion?

I would like you to ask three questions of one or more of the older people...

I would like you to ask three questions of one or more of the older people you know in your life. You could ask one person three questions or ask three people one question (or any other combination). Hand in the questions you asked and a description of what you learned by asking the question.

I like to ask this question each year. To provide you with some color, consider in...

I like to ask this question each year. To provide you with some color, consider in answering that right now the federal government purchases one in every five gallons of milk sold in the U.S. and that it is illegal for sellers to sell milk to me and you below a mandated minimum price (note that some other industries have wholesalers and retailers execute these arrangements voluntarily – it happened to us when we were selling Titleist Pro-V1 golf balls...

Subjects