Thursday, March 31, 2011
Holiday Season - Boom or Bust
In the final case reviewed for chapter 7, we discussed strategies companies might use if they had no information on the recipients of gift cards -- and how that would affect demand and supply of products. My original notion was to ask the purchasers of the cards who they intended on gifting them to, however you noted that many people purchase them without a particular person in mind, but rather to purchase them for the holiday season and gift them as one sees fit. I think that by asking a person who they are purchasing a gift card for - regardless, would assist in predicting demand for certain product. Not everyone will know who they are purchasing for, but often times a good amount of people come to purchase a card for a specific someone. A combination of keeping track of this information in a digital system and good forecasting software would be the best option for this situation.
Saturday, March 26, 2011
Digital Health

Sunday, March 20, 2011
Database Dreamin'
The use of Microsoft Access for database purposes saves a lot of time and makes for an organized compilation of information. While completing the in-class Access exercises as well as the homework, I came to wonder how tedious entering information would be for a database administrator at a company with a long list of clients - it becomes frustrating enough to enter 10 people's info. I began to ponder the idea that one day, companies/people will have an ID that is universal and used everywhere, so that by the scan of a barcode or swipe of a card, all of their information can be both stored and retrieved in a "universal" database. This could pose a problem though..as some information for one purpose may not be relevant or pertain to the next database, not to mention confidentiality issues. Either way, I think it could be something that would save us even more time. More robots to do the work we are too lazy to do ourselves!
Tuesday, March 8, 2011
D A T A
While speaking of data mining, I had some ideas of the importance of it that were not discussed in class. One additional benefit of data mining is to better predict consumer behavior - this could include the items that appear to be more popular to consumers at a given time period, and determine other products that may be purchased as complementary goods in addition to the original product. Another benefit is a tradeoff. Although data mining is expensive, a company could save time and money on utilizing less employees to determine and analyze these trends, and instead replace them with data programs. Lastly, a company could order items that are better sellers, and less of what does not sell as much. This would up their turnover and most probably boost sales.
Thursday, March 3, 2011
Integration Flop!
In cases when IT integration isn't smooth, it was suggested to have employees of the acquired company remain in it for a couple of years until the databases have been combined successfully and information has been derived from each employee. But how can one expect employees to stay with the acquiring company if they are unhappy? In these cases, I would assume there are some financial incentives to make people stay. It makes me wonder if there are other ways that the company can contractually revive that information upon acquisition.

Tuesday, March 1, 2011
Interconnection

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