Role of Digitalization in Business Growth

Digitalization refers to the use of digital technologies to transform and automate business processes. The adoption of digitalization has played a significant role in business growth. It has revolutionized the way companies operate and engage with customers, employees, and other stakeholders. In this article, we will explore the role of digitalization in business growth and how it has transformed traditional business models.

Digitalization and Business Growth

Digitalization has played a vital role in business growth by enabling companies to automate processes, streamline operations, and reduce costs. One of the key benefits of digitalization is that it has enabled businesses to reach a broader audience by using digital channels such as social media, search engines, and online marketplaces.… Read the rest

What is Data-Driven Decision Making (DDDM)?

Data-driven decision making (DDDM) refers to a process of making decisions that are based on data and statistical analysis. This approach is becoming increasingly popular in various industries and organizations, as it allows leaders and managers to make informed decisions based on facts, rather than intuition or personal opinions.

DDDM involves collecting and analyzing large amounts of data and using the insights generated to make decisions that are informed by evidence. In other words, DDDM is a systematic and empirical approach to decision making that uses data and statistics to support or reject hypotheses, to draw inferences and to make predictions.… Read the rest

How Does Enterprise Computing Support Business Organizations?

Nowadays Information technology has a rapid growth. Almost every day there are new ideas to improve the performance of technology. It cannot be denied that people who lives today unconsciously depends on technology. Each task did by the people gets many help from technology. For an instance, a hand phone that help us to communicate with our colleagues, the internet that serve certain time information for us and many more technology which made our daily activity become easier. At least we can follow the technology progress so that we don’t left behind.

Technology has an important role both in our lives and business.

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Sentiment Analysis (Opinion Mining) – An Overview

With the proliferation of opinionated content on the web, this particular application of natural language processing – Sentiment Analysis (Opinion Mining) is used to determine the sentiment of the given speech or text is gaining more popularity. In layman’s term sentiment analysis aims at identifying and classifying spoken words or written text as positive, negative or neutral.

What is Sentiment Analysis?

In the field of Natural language processing, sentiment analysis also known as opinion mining is task of classifying a given text as positive, negative or neutral based on the opinion or subjectivity of the text. Sentiment analysis can be considered a sub filed of text classification which involves classifying a text in to predefined categories.… Read the rest

Advertising in the Ubiquitous Age

Ubiquitous computing, which is also referred to as pervasive computing, is about the notion that as a result of continuous advances in engineering, information technology, communications, integrated circuit chip technologies and sensors etc. computer technology devices will become smaller, cheaper, more capable and better able to weave themselves into the fabric of everyday life until they become indistinguishable from it. It was Mark Weiser, chief scientist of Xerox’s Palo Alto Research Centre, who first presented the concept of ubiquitous computing, the third wave in computing and predicted that technology will recede into the background of our lives as computers evolve into quite, invisible servants that will help people to calmly do all kinds of tasks in a manner that will prevent them from becoming overloaded by interactions with computing.… Read the rest

Limitations of Enterprise Resource Planning (ERP) Systems

In today’s increasingly competitive world where the world is converging into a single market place, organizations are looking for ways to become globally competitive. Companies must be able to meet customer requirements in the shortest possible time faster than competition and this requires extensive production planning and close coordination between the company and it’s suppliers and customers. MRP (Materials Requirement Planning) was one of the most widely used systems for production planning but it’s main focus was only on managing the production requirements in an organization. MRP systems helped in time phase release of production orders and aggregating planning for material requirements.… Read the rest