How Much Is a Database Worth? Essay

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.

d. Is it more beneficial to continue leasing the business space or to buy the building?

4. Analyze the overall manner in which data analytics transformed the industry or company you selected with regard to customer responsiveness and satisfaction.

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

12. Research has shown that only about three out of every four customers are, on average, satisfied by a firm’s marketing programs. Give an example of a purchase you made where you were not satisfied and what the firm could have changed to satisfy you. If customer satisfaction is so important to firms, why don’t they score better in this area?

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

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.

Ever since modern technology has been developed so much in advanced, companies running their businesses has been exceptional with the use of newer updated information technology systems. Essentially it has been a more efficient and productive tool improving businesses significantly with advanced IT with the cost a less amount of spending’s and employers. Companies should be able to recognize that better data management and the analytics has been the key factor to sharpening the business wisely allowing it to grow with more potential in skillset and mindset such a making s smart decisions t, fast in solving and efficient in producing. For instance, Business activity and work

This gives businesses the opportunity to create product differentiation strategies that will help them establish and maintain a competitive edge in the market. This information also helps identify specific opportunities for further growth and development with existing products and services as well as potential opportunities for new products and services. The data gathered in this way helps businesses create successful marketing strategies that will appeal to customers personally and help promote great brand recognition. This area is so intriguing and worth more knowledge and development because it creates opportunity to get a better understanding of how people personally identify with the product or service they use and the why behind it. This method goes against the grain of management skills in which they stress the idea behind information is only as valuable as the money it can produce as this often refers to concrete numbers or dollars and sense and qualitative data is not captured in that way. It brings back the idea of getting to know your customers on a more personally level which helps to build trust and relationships that can be lost when looking at big box industries.

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.

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

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

Give three examples of where you could seek help from to overcome database design or operational problems.

1.Identify the sources of internal and external data for all three (3) types of customers.