Information Technology Essay Example | Topics and Well Written Essays - 2250 words - 2

Information Technology - Essay Example It raises questions such as the ability of consumers to make their own products as well as opportunities like cheap and accurate product development. The economic case for the Internet and all related technologies can be depicted in the collection of huge data made possible by the advanced computing and networked capabilities. This information published in the OECD website is just one of the materials that report the increased attention on the subject as a part of modern organizational focus as reflected in actual practice and strategy. Simply put, big data is the humungous information collected, stored and analyzed in complex database management systems. The paper effectively outlined how strong computing power allows these activities to be accomplished in a short time, using meager resources (OECD, 2015). The reader, therefore, has clear understanding about how organizations are able to gain insights about consumer and market behavior so that they are able to respond accordingly, especially in the area of product development and consumer relationship management. All in all, big data is seen as a major factor influencing the decisions of organizations and their management and this material supports it. In addition, it covers almost all operational aspects from product development, human resource management to logistics. DeMetz, A., 2015. The #1 Thing IT Managers Would Do To Strengthen Their Information Security Policies. Forbes. [online]. Available at: . [Accessed 17 March 2015]. This article has identified an unexpected top threat to an organizations information security: its employees. The idea is that employee activities pose as much danger to information security as external forces (DeMetz 2015). This is important primarily because the conventional cyber

E-commerce Initiative by Competing Firms Term Paper

E-commerce Initiative by Competing Firms - Term Paper Example The researcher states that commerce is often a basic economic activity that mostly involves trading or the buying and selling of goods and services. During the early days, businesses were mostly conducted face to face for example a customer would enter a bookshop, examines the books, and pays for them. In order to fulfill the customer requirements, the bookshop needs to carry out other transactions and business functions such as to process the payment. However, with the advancement in technology whose aim is to cover a larger market segment, the question is whether the commercial transactions and business functions can be carried out electronically in a more successful manner. E-commerce is therefore an important activity a firm can venture into if it wants to be successful. Thus in E-commerce there is no paperwork or personal contact. In order for a firm to be successful, it must look back to what used to be done to the traditional business, how management used to operate in those t imes and the information technology that was applied. Moreover, the company needs to evaluate its business environment and other factors such as corporate strategies, her business structure, and the resources available for the business. Ecommerce has lately changed the economy and affecting most companies on how they transact their business. Today, it is clear that no company can ignore ecommerce as it has been a more effective method of doing business and more convenient to even customers. Business strategy is a long term plan on how a given company will get enough profit to keep it in operation. However, this can be possible if the given company if the given ecommerce strategy would be able to implement the given activity in the most efficient way. Ritesh believes that for a successful ecommerce strategy, the company must consider their relationship with the consumer. Most often, the business owners neglect their relationship with the buyer and in so doing, they would be losing cu stomers. Therefore, good customer service online goes hand in hand to retaining customers as the sole aim of a business is to make a profit that depends on retaining and acquiring new customers. Moreover, supply chain management is also essential in a successful online business as it ensures good communication between the business and the consumer (98). The four companies use ecommerce which has made them take advantage of tools and techniques being provided in the ecommerce websites such as the shopping cart, use of video that are more cost effective and easier to implement by the organization. However, they have adopted in the use of business strategies due to the much competition amongst themselves. Safaricom, Zain, Orange, and Yu mobile service providers have come up with different strategies in order to gain a competitive edge over the other. 1.1 Costs The four firms located in the same environment have mostly been successful in Kenya where they have looked for ways to gain a c ompetitive advantage over them. This strategy aims at a firm becoming the lowest production company in a given industry. However, it is never an easy way so it calls for nice planning on how to do it. In the past companies often had to deal with the issue of competition with either increasing their sales or by decreasing cost in order to