Information Technology

The Focus of Business Process Reengineering (BPR) on the Current Issues in Business

The existing system in the organization is totally reexamined and radically modified for incorporating the latest technology. This process of change for the betterment of the organization is called as Business process reengineering. With Business process being reengineered, the organizations have to change the workflow and business procedures for efficiency in the organization. Latest software are used and accordingly the business procedures are modified, so that documents are worked upon more easily and efficiently. This is called as workflow management.

Business process reengineering is a major innovation changing the way organizations conduct their business. Such changes are often necessary for profitability or even survival.… Read the rest

Abey Francis

E-Commerce and Factors Influencing the Evolution of Electronic Commerce

Electronic commerce has revolutionized the traditional business process of buying and selling on the high street shops by deploying the Internet and technology to reach a vast customer base. The increased use of Internet by the general public and the growth of information technology products to support effective and service transaction over the Internet have apparently fueled the growth of electronic commerce. This statement makes it clear that the electronic commerce has achieved a key position in the business process of an organization.

The critical factors that contribute the growth of electronic commerce are:

  1. Growth of Internet:  The Internet has seen a tremendous growth in the past five years making it a potential place for communicating to many customers both efficiently as well as cost effectively.
… Read the rest
Abey Francis

Introduction to E-Business

Due to Internet capabilities and web technology, traditional business organization definition has undergone a change where scope of the enterprise now includes other company locations, business partners, customers and vendors. It has no geographic boundaries as it can extend its operations where Internet works. All this is possible due to Internet and web moving traditional paper driven organization to information driven Internet enabled E-business enterprise. E-business enterprise is open twenty-four hours, and being independent, managers, vendors, customers transact business any time from anywhere. Internet capabilities have given E-business enterprise a cutting edge capability advantage to increase the business value. It has opened new channels of business as buying and selling can be done on Internet.… Read the rest

Abey Francis

Data Mining – Meaning, Steps and Business Applications

Data mining or knowledge discovery is the process of analyzing data from different perspectives & summarizing it into useful information. This information can be used to increase revenue & cut cost or both. We know that data mining software is one of a number of analytical tools for analyzing data. It allows users to analyze data from many angels & categories it.   It also summarizes the relationship identified. Technically speaking data mining is the process of correlations among dozens of fields in large relational database. In other words it is the process of sorting through large amount of data & picking out important information.… Read the rest

Abey Francis