Samer Shaat
IS 3100
T/TH- 5:00- 6:15
How Much is a Database Worth?
1) Many small business owners have found it financially advantageous to purchase their own building. As one owner remarked upon his retirement, “We did well with the business, but we made our real money by buying the building.” Explain why this might be so.
There are three reasons why a small business owner might want to own the building in which they operate. First, the cost of moving around is expensive. Some small business might need large equipment to operate and completing a move might take months. This would interrupt the flow of the business and put a dent in profits. FlexTime is a good example. FlexTime, a gym has an array of workout machines that would be
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Now, in 2012 it is evident that his theory is true. In 2050, small business owners will make the above statement because like described about real estate in question one, the owner of the business may sell his database upon retirement. Along with real estate, data or information does not depreciate in value. There are some differences. Some databases have been collecting important data, related to customers, for years. This information could prove to be more valuable than real estate to a competitor in one’s respective industry. Information on customers is priceless. A detailed, in depth database is instrumental in finding out customer needs, habits and reactions to discomforts in the market and can contribute immensely to a small business owner’s success.
3) Suppose you had a national database of student data. Assume your database includes the name, email address, university, grade level, and major for each student. Name five companies that would find that data valuable. And explain how they might use it.
Corporate gyms like La fitness and Lifetime fitness would find the student records named above useful. Using the name field they could figure out if the student is male or female. From there they could decide whether to offer jazzercise or boxing classes. Based on what university they belong to the gym can figure out if they have a location in that area to pursue the student. Using e-mail address they could send out promotion deals. Chegg.com is an
d. Is it more beneficial to continue leasing the business space or to buy the building?
The theme of this book is how businesses in today’s world use ever-improving technology to collect data, convert it into information and business intelligence, and combine this information and intelligence with the knowledge of the workers to help make the best decisions they possibly can for the benefit of the company and the customers. Throughout the book, there are discussions on the different ways that technology can help a business with this process. When going into detail about the various information systems, this book also brings into
Question #1 is a business valuation question. There are a number of ways to estimate the value of a business. You have probably covered one or more of these ways in a previous class. The next two pages review a few of the various ways
Efficient use of the statistical tool-regression will helps in deriving crucial relationship between variables that could offer significant pointers towards successful business decisions. Number crunching has emerged as the single most effective solution to pull up a declining businesses while on the other hand, the author advices customers to be vigilant in their business transactions that offer additional features at the same price. He also explains, how customer feedback extracted from market data and random surveys drives towards profitable decisions in the future for different sections of the society.
1. Outline three (3) ways in which your medium-sized private company may benefit from going public, providing a rationale for each.
Technology trends are related to the widespread adoption of mobile platforms, the Green IT movement, the open source software, cloud computing and the digital data genesis phenomena. the amount of data that is used everyday speaks to the way that companies are evolving and businesses are updating. Our wiki will focus on the latest trend: the Digital Data Genesis and it 's impact on the MGM Grand Casino-Las Vegas (Taylor). (Alyssa-Edited) Digital data can provide new opportunities for firms. Companies may have to deal with a high volume of transactional data, “capturing trillions of bytes of information about their customers and operations” (Vitari and Raguseo, p. 76) (Taylor). “Millions of sensors are embedded in the physical world in devices such as mobile phones, smart energy meters, automobiles, and industrial machines that sense, create and communicate data in the digitalized age”. (Vitari and Raguseo, p. 78) (Taylor). DDG further explained: When a process is “digitalized (e.g., a purchasing of a good on the Internet), it is carried out through a digital computer or device. When an entity is digitalized (e.g., an RFID-enabled good track), the company has the ability to access an informational representation of that entity (e.g., the position of a good along the supply chain), and generate relevant data from it” (Vitari and Raguseo, p. 84) (Taylor). . All of the data is generated in digital forms. To understand this concept, consider three examples, “ the usage of RFID
4. Analyze the overall manner in which data analytics transformed the industry or company you selected with regard to customer responsiveness and satisfaction.
For this paper we are asked to look at the local business that is for sale Nancy’s Bagel Grounds and come up with a way to evaluate and see if it is a good investment. The information that is given to us is that the asking price is $100,000, the Cash Flows are $77,500, the Gross Revenues are $478,000, and the FF&E that is included is $20,000. They also say that the business was established in 1996 and the reason for selling is due to retirement. The building is leased and that cost is not provided in the listing. Finally the owner will train for 8 weeks with no cost and will also help in the future if needed for a negotiated price.
The authors consist of Robert Miller, Kristine Parsons and David Lifer. Robert Miller is in charge of Business Information systems at Central Michigan University. While Kristine Parsons and David Lifer are apart of the Accounting/ MIS program at Ashland University.
Everyday someone has devised a new idea and every day that someone hopes to enlist his beliefs into a new business, but every business idea begins with solving a common problem among society. The larger the problem, the larger the opportunity some succeed and some fail. Over the last year the ranks of U.S. companies grew with a total of 92 being traded through the stock exchange, totaling in an extreme number of 5,008 listed companies at year end, according to the data provided by the World Federation of Exchanges Trade Association. Although small it’s still a rise marking the recovery of the U.S. economy and growth of revenue. Granted a common problem is the foundation a business is built on; customers are definitely its greatest assets regardless of the product its only as superb as the customers they keep. Most of the time a business handles personal information belonging to their customers, also holding their own information whether it be
I would have the fields set up as first name (EMP_FIRST), middle initital, (EMP_INITIAL), last name (EMP_LAST), area code (EMP_AREACODE), phone (EMP_PHONE).
Give three examples of where you could seek help from to overcome database design or operational problems.
In order to obtain peer reviewed research articles related to the impact of the psychological contract on job satisfaction in community mental health care workers it is important to review research that has been completed in a variety of researchers and in different settings. The databases that were selected to locate peer reviewed articles for this paper where Academic Search Complete and ProQuest Psychology. Tutorials were available for each of these databases and ProQuest was used to learn how to navigate through the data base since it was not a familiar data base to this author.
Despite the potential challenges, it is still believed that big data is the new way of the world, and that businesses should aim to overcome these challenges. The first typical challenge small businesses will face is finding “talented people who know big data and analytics” (Taylor, 2012, para. 6). Unfortunately, since small business owners tend to not be familiar with big data, then they will be challenged to know how to use it. Big businesses have the money, reputation, and influence to hire people who are very knowledgeable with big data. Also, if the storeowner is technologically challenged, it’ll be even harder for him/her to know how big data can help him or even what big data is in order to go out and look for someone to help his/her store with big data. Even if the storeowner is comfortable with technology and is familiar with big data, the storeowner could be averse to change, and that would be another reason why using big data would be a challenge for this category. The storeowner who is used to doing things a certain way will not be eager to start using big data to improve his business. S/he will probably think that if the business is doing well, then they don’t need to change. This will prevent them from increasing profits and will stagnant them from keeping with current times and current technology. For
1.Identify the sources of internal and external data for all three (3) types of customers.