Role Database Management Plays in Managing Data as a Business Resource - Essay Example

1. What role does database management play in managing data as a business resource? A database management system integrates the computer systems andstorage retrieval technologies of an organization with the aims of the organization. The DBMS based MIS analysis data and produces hitherto unknown conclusions. An MIS processes and interprets data to produce intelligent statistics and to implement, control, monitor plans, strategies and tactics. MIS systems are mainly beneficial to highly competitive fields where data analysis and prediction has high value and makes the difference between success and failure. MIS is not just statistics and data analysis. It is a Management by Objectives tool Its purpose is: To establish relevant and measurable objectives To monitor results and performances (reach ratios) To send alerts, in some cases daily, to managers at each level of the organization, on all deviations between results and pre-established objectives and budgets. An MIS is an interactive decision support system which mines data from a database, studies its trends and can present output in a customizable format. The Management Information System are used to give specific advice on a particular field or application, currently MIS are also being tested for imparting knowledge to Artificially Intelligent Systems. The database technology implementation will solve all problems of file access. The management system will take care of all access right and processes like updating details and different access rights mainly of read and write. The implementation will require a back end and a front end. Back end will be responsible of storing data and all information like access rights and users both permanent and temporary. Accessing a back end will require a front end. Designing of front end can be done in technologies like ASP DOT Net and J2EE. For the purpose of back end support, products from Oracle Corporation will be very useful. The back end should be installed on the server and the front end should be on every PC present in the network. The back end should also support requests made through website i.e., http protocol (Garretdimon, 2006). Another form of a DBMS system is that of DSS. This DSS or Decision Support System is an extremely flexible and interactive IT system being designed to support decision making in case the problem is not structured. This information system utilizes the decision models while depending on a database, and a decision makers own insights in an interactive analytical modeling process to reach a specific decision by a specific decision maker (DSSresource.com, 2007 ). Te transplant model is a very good example of a DSS. In this case, one can easily make an assumption related to heart and lungs related diseases and with studying the trend of transplantation, the hospitals can make a decision related to the number of donors they will the purpose of transplantation in near future. A DSS as a system supports technological and managerial decision making by assisting in the organization of knowledge about ill-structured, semi structured, or unstructured issues. Considering the kind and quantity of data we humans now generate there is a need of some device which can help us in analyzing things with different perspective in a very small time. For this DSS is of great utility. It is not just an application but a generalized capability for addressing decision makers need. 2. How will wireless information appliances and services affect the business uses of the internet and the web? Wireless communications use radio frequencies and satellite transmissions for voice, video, and/or data communication. Wireless video and voice have been in use for decades, and data communications uses many of the existing technologies. As the use of wireless for data increases, new technologies, standards, and functions are appearing. Bluetooth and 802.11 define wireless links, and WAP (Wireless Access Protocol) and WML (Wireless Markup Language) are new tools for developing wireless applications. These are some of the broader information technological innovations and applications. All of this technology, along with the availability of high-powered PCs to most workers in companies and of course the Internet, greatly enhances communication of more accurate and value-added information to workers, managers, executives, and consumers, thus reducing uncertainty and downtime in conducting all types of business. In fact, the technology described above could be classified as components of a contemporary information system. These technologies actually help in the proper utilization of company resources when the business executives of the company are on site and have no fixed line internet or network services. 3. What are several e-business applications that you might recommend to a small company to help it survive and succeed in challenging economic times? why? Words like commerce, trade or business for a layman will mean nothing but a way of exchanging goods and money and for this we need a place called market. The simplest definition of “Market” or “Market Place” will be nothing but the world of commercial activity where goods and services are bought and sold (Princeton n.d.). And the activity being done in a market is often termed as commercial activity. But the way various commercial activity human beings used to do has seen lots of change. Initially it was a barter system. People used to exchange goods. Later on currency came into picture. Buyers start giving money for the goods they buy. Now with the advent of information technology and its use as business information system the whole process of buying and selling got changed. This technology introduced money in plastic form and from coins and notes it got the shape of sleek credit cards and debit cards. This form of money got application not only in buying product through shops with money getting transferred from buyer’s bank account to seller’s bank account. Thereafter, this process of transferring of product and money got another got a new form. The internet, the World Wide Web and the website has given shops a virtual look. We can call them as cyber shops. The website gives the detail of a range of products available. The customer has to select the things he or she wants to buy and has to pay for the same through its online account. The selected product is shipped to address the buyer has entered. Since shops have got a virtual look in the same way even banks have gone into same ways and they now offer their account holders, an online account. The online account and the associated money transferring technique form the back bone of this form of commerce. The commercial activity of this type is called as e-commerce. So, e-commerce is the term for electronic business transactions, commerce or Internet trade. e-Commerce or e-business, therefore, refers to the business transactions between companies (B2B) or between companies and their customers (B2C) that are wholly or partially conducted over the Internet or similar public or private computer networks (x-solutions n.d.) 1. DSSresources.com (2007) DSS Basics http://dssresources.com/ 2. Garrettdimon, 2006. ASP.Net vs. Front-End Architecture www.garrettdimon.com/archives/aspnet-vs-front-end-architecture Read More