Owl.Technotopia

Why Type When You Can Swype?

2008-11-16T14:10:00.006-05:00

The inventor of the T9 input technology has done it again! What T9 did for mobile devices, the new Swype keyboard technology will do for devices equipped with touch screen capabilities. Cliff Kushler's Swype will revolutionize the way people input data on touch screen devices--from the Apple iPhone to tablet PCs. Instead of typing out full words, Swype allows users to quickly draw lines connecting the letters of the word. The following video provides a demonstration of this groundbreaking new technology:

For more information, click here to visit the Swype website.

Expert Systems Help Oil Firms Find Capital

2008-11-04T17:31:00.007-05:00

Expert systems (ESs) strive to replace or mimic human experts in the decision making process. As one of the most widely used and commercially successful forms of artificial intelligence technology, expert systems support decision making by capturing human expertise, transfering that knowledge to a computer, and organizing the knowledge so that the system can make infrerences and arrive at conclusions.

In a recent article, I learned that oil and gas companies are employing expert systems to help them find funding for present and future exploration and production projects. The article "New Software Helps Oil & Gas Producers Find Funds" describes Commonwealth Capital Advisors' new expert system software named OIL & GAS Producer, which is part of the Financial Architect system. This advanced software is "revolutionizing the way start-up and early-stage Oil & Gas producers are raising substantial amounts of capital using the techniques of Wall Street investment banks."

Timothy Hogan, CCA's Chairman and CEO, made this statement: "We want to help entrepreneurs involved in the oil and gas industry to significantly lower the costs and increase the speed of raising equity capital. Just as important, we want to provide oil and gas producers and their professional management teams with an easy-to-use expert system that will enable them to choose the right deal structure for the capital they need, and manage those funds in compliance with federal and state securities laws, rules and regulations." CCA's Financial Architect is now the premier expert system for start-up, early-stage and seasoned companies that seek capital.

Organizational Learning and Memory

2008-10-14T15:07:00.010-04:00

Just like humans, organizations must learn and grow to survive and thrive in an rapidly evolving world. A firm and its members should constantly collaborate and communicate information, as well as share, teach, and learn knowledge. A learning organization is "an organization capable of learning from its past experience, implying the existence of an organizational memory and a means to save, represent, and share it through its personnel."

The concepts of organizational learning and organizational memory are at the very center of a learning organization. Additionally, organizational learning and memory play vital roles in shaping a firm's knowledge management and its knowledge management systems (KMSs). Organizational learning can be defined as "the development of new knowledge and insights that have the potential to influence an organization's behavior." Organizational memory is simply all that the organization "knows." When faced with problems, individuals can tap into corportate memory for explicit and tacit knowledge. Individuals can turn to KMSs or company policies and procedures for any needed information. As a firm and its members learn, the new knowledge gained can be added to the shared via KMSs and, therefore, added to organizational memory. This reveals how important information technology can be in fostering organizational learning and memory development.

According to Turban, Leidner, McLean, and Wetherbe, "the ability of an organization to learn, develop, and share knowledge is dependent on its culture." Culture refers to the assumptions, values, and norms associated with a group or organization. So, organizational culture can be described as the personality of the company. A firm's culture will determine how its members approach learning, value existing knowledge, and utlize knowledge management systems.

Source: Information Technology for Management: Transforming Organizations in the Digital Economy 6th Edition (2008) by Efraim Turban, Dorothy Leidner, Ephraim McLean, & James Wetherbe

Interorganizational Information Systems and Virtual Corporations

2008-10-12T13:02:00.015-04:00

In today's global market, companies operate all over the world. Firms need interorganizational information systems (IOSs) to keep them connected to each other and able to efficiently run their businesses. An interorganizational information system (IOS) is a "communication system that allows routine transaction processing and information flow between two or more organizations." IOSs improve processing efficiency and support both collaboration and communication. By linking the information systems of business partners, IOSs are able to reduce costs, improve information quality, compress cycle time, eliminate paper processing, and make information exchange easier.

Four major IOS infrastructure technologies:

Electronic data interchange (EDI): electronic movement of business documents between business partners
Extranets: extended intranets that connect business partners
XML: a companion or even replacement for EDI systems that is emerging as a B2B standard
Web services: emerging technology for integrating B2B and intrabusinesss applications

A virtual corporation (VC) is an "organization composed of two or more business partners, in different locations, sharing costs and resoures for the purpose of producing a product or service." In a VC, each partner utilizes its core compentencies or special advantages to create a portion of a product or service. The modern VC can be described as a "network of creative people, resources, and ideas conncected via online services and/or the Internet, who band together to produce products or services."

Some of the most prominent types of IOSs include:

B2B trading systems: designed to facilitate trading among business partners
B2B support systems: nontrading systems that support B2B activities
Global systems: connect two or more companies in different countries
Electronic funds transfer (EFT): transfer money among financial institutions
Groupware: facilitate communication and collaboration between and among organizations
Shared databases: reduce communication time
Systems that support virtual companies

Source: Information Technology for Management: Transforming Organizations in the Digital Economy 6th Edition (2008) by Efraim Turban, Dorothy Leidner, Ephraim McLean, & James Wetherbe

Essentials of Enterprise Systems and Supply Chains

2008-10-06T22:47:00.016-04:00

Enterprise systems or enterprisewide systems are systems or processes that involve the entire enterprise or major portions of it. A variety of enterprise systems can be utilized by organizations. The two most important types of enterprise systems are enterprise resource planning (ERP), which supports supply chains, and customer relationship management (CRM). Other common examples include:

partner relationship management (PRM)
business process management (BPM)
product life cycle management (PLM)
decision support systems (DSSs)
knowledge management (KM)
intelligent systems
business intelligence

A supply chain can be described as "a set of relationships among suppliers, manufacturers, distributors, and retailers that facilitate the transformation of raw materials into final products." Supply chains involve the flow of materials, information, money, and services from raw materials suppliers to final end users. There are three major types of flows in the supply chain: material flows, information flows, and financial flows. Material flows are all physical products, raw materials, supplies, etc. that flow along the supply chain. Information flows include all data related to demand, shipments, orders, returns, and schedules, as well as changes in the data. Financial flows are all transfers of money, payments, credit card information and authorization, payment schedules, e-payments, and credit-related data.

Supply chain management (SCM) is the "efficient management of the end-to-end processes that start with the design of the product or service and end when it is sold, consumed, or used by the end-consumer." By effectively managing its supply chain, an organization can reduce costs while increasing operating efficiencies. SCM strives to reduce uncertainty and risk along the supply chain so that lower inventory levels and cycle time, improved business processes, and enhanced customer service can be achieved. Information technology (IT) can help firms reach these goals by improving the exchange of information among supply chain members.

SCM software supports specific segments of the supply chain and concentrates on improving decision making, optimization, and analysis. When a supply chain is managed electronically, typically with Web-based software, it is referred to as an e-supply chain. Given an e-supply chain's advantage of automated information flow, many traditional supply chains are moving toward Web-based systems.

Source: Information Technology for Management: Transforming Organizations in the Digital Economy 6th Edition (2008) by Efraim Turban, Dorothy Leidner, Ephraim McLean, & James Wetherbe

Mobile Entertainment: Fun On The Move

2008-09-27T16:08:00.029-04:00

Imagine what that long subway ride or bus commute would be like if you didn't have your Blackberry or your iPod to keep you entertained. Today's consumers depend on a variety of mobile devices to keep us connected, informed, and even entertained. The mobile consumer services and entertainment industry has witnessed remarkable advances over recent years. Cell phones now have the ability to connect to the Internet, play MP3 files, and enable users to play games. Digital media players can combine touch technology, Wi-Fi capabilities, and m-commerce functions all in a small device that easily fits in your pants pocket.

When Apple launched its famous iPod product line, it revolutionized the way people listen to music. Soon thereafter, Microsoft broke into the portable media player market with its Wi-Fi enabled Zune. Although the iPod continues to be a leader and set the standard in this product category, Microsoft's Zune offers some unique features. Earlier this month, Apple released its latest generation of improved iPods. Amidst the buzz from the new iPod launch, Microsoft released free Zune 3.0 hardware and software updates for its portable media player.

According to the Zune website and corporate press releases, the new Zune software features several notable advances in mobile entertainment and m-commerce. Most importantly, the Zune Marketplace is now available on the go. Users can shop for music right on their handheld device thanks to enhanced Wi-Fi access to the Zune Marketplace. Users can also tag and purchase songs they hear on the Zune’s FM radio tuner. If the Zune is near a wireless signal, users can instantly download the songs.

To help users take full advantage of the wireless functionality, Zune is "working with high-speed Internet access provider Wayport Inc. to deliver Zune users free, wireless access to the Zune Marketplace from more than 9,800 participating McDonald’s®restaurants across the U.S." Dan Lowden, vice president of business development and marketing for Wayport, made the following comment about working with Zune: "Our ability to enable and manage applications and devices over converged networks creates exciting new opportunities for our clients to attract new customers whose digital lifestyle extends beyond their home and office."

Other new features of the Zune 3.0 software include audiobooks, games, and a clock. Users can purchase audiobooks through Audible.com and through OverDrive-powered Web sites, an infrastructure provider for major booksellers and library systems, and then listen to them on their Zunes. Users can also now enjoy Zune's first step towards another major media segment — games. Zune 3.0 devices come preloaded with two free games, including: Hexic, a popular puzzle game, and Texas Hold ‘em style poker.

SaaS Fuels E-Commerce

2008-09-23T00:39:00.013-04:00

"By 2013, 90 percent of e-commerce sites will use at least one product from software as a service, or SaaS vendors...[a]nd 40 percent of e-commerce sites will use a complete SaaS solution," according to a Gartner report released earlier this year.

Businesses no longer operate just in the physical environment. As people increasingly look to online sources for information, companies are moving into the virtual marketplace thanks to the Internet. When firms conduct business electronically, they are engaging in what is known as "e-business." E-business is a broad term that refers to the buying and selling of goods and services, servicing customers, collaborating with business partners, conducting e-learning, and processing electronic transactions via a computer network.

SaaS, which enables businesses to access applications over a network instead of purchasing expensive packaged enterprise applications, is becoming a great way for smaller firms to get involved in e-business. SaaS is also a great option for larger companies wanting to experiment in new markets. According to Richard Adhikari's article "SaaS E-Commerce Services on the Rise," the convenience and low cost of SaaS will "lure new entrants, small businesses, and departments of large corporations to e-commerce delivered as a service." Although big players in the e-business game will most likely strive to protect their unique position by custom building their e-commerce sites, SaaS provides a viable approach for others to join the e-business playing field.

Board Portals: No Assembly Required

2008-09-14T17:23:00.014-04:00

Say "Goodbye" to traditional board meetings and say "Hello" to board portals. Over the last few years, so-called "board portals" have been taking over the board process, moving briefing books online. Similar to other information portals (like Yahoo!), board portals put vital board meeting information in one central location, thus allowing busy executives and board members to quickly and easily access the information they need to make decisions. Before board portals, executives had to lug their laptops and stacks of printed hard copy materials to board meetings. According to James Long, vice chairman of Wackenhut Services, board portals prevent directors at board meetings from being weighed down by an abundance of paper materials. By putting these board materials in a portal, businesses can benefit in a multitude of ways. Board portals can:

improve communication among board members
reduce travel requirements
eliminate mailing and delivery hassles
reduce paper waste and the cost of office supplies
safeguard the privacy of board materials
save time and effort

The BusinessWeek article "Board Portals: No Assembly Required" discusses the increasing adoption of board portals and evaluates a few of today's most popular portal packages available for companies. Ranging in price from an average of $25,000-$40,000, portal packages provide all the aforementioned advantages, as well as 24/7 support and on-site training.

If your firm is interested in adopting this new service, here is a list of the portal providers described in the BusinessWeek article:

Directors Desk by Nasdaq
BoardBooks by Diligent
BoardLink by Thomson
BoardVantage
Leaders4 Board Information Management by 80-20

As a business professional, wouldn't you love to have critical information at your fingertips without having to shuffle through tons of papers?

Or do you think there are drawbacks to moving the board process to a more virtual, paperless environment?

Asia's Data Explosion

2008-09-08T17:06:00.029-04:00

With growing populations and booming economies, Asian businesses are preparing for a data explosion. Earlier this year, a study by data storage giant EMC revealed some alarming data growth rates. In the region, digital data is expected to grow at a compound annual growth rate of 57 percent between 2006 and 2010. By 2010, the data volume for Asian businesses is projected to reach 1.8 zettabytes or 1,800 billion gigabytes. This creates a serious concern for the region's businesses because the estimated data volume will exceed the total available storage space by nearly 50 percent.

From Singapore to Vietnam, large organizations are increasing efforts to improve storage management. Companies are establishing their backup data centers in different countries to alleviate some of the enterprise risk. While large corporations are taking extra measures to secure and support their valuable and rapidly growing data, small businesses and consumers have yet to experience the "storage crunch" and are not safeguarding their data from the impending explosion.

Click here for the full article about Asia's data debacle.

How TrueCredit Utilizes SOA To Build Fast, Reliable Applications

2008-09-08T17:06:00.028-04:00

TrueCredit, a national U.S. credit bureau, can only maintain its competitive advantage by quickly developing new applications to meet increasing performance requirements. Software development used to take 180 days or more per application. TrueCredit needed new applications in 90 days or less. In order to tackle this challenge, TrueCredit made some IT changes and adopted service-oriented architecture.

Service-oriented architecture (SOA) is an architectural concept that defines the use of services to support a variety of business needs. In SOA, existing IT assets (called services) are reused and reconnected rather than the more time consuming and costly reinvention of new systems (Turban, Leidner, McLean, and Wetherbe 2008).

(1) What were the major reasons that the company had to use SOA? Operating in a rapidly changing business environment, TrueCredit was struggling to keep up with increasing demands and processing needs. TrueCredit needed to develop new applications quickly (less than 90 days) to retain its competitive advantage. These new applications also had to be able to support 50,000 simultaneous users and cut response time to less than a second. SOA helped speed up software development so that TrueCredit could meet market needs.

(2) In what ways did they gain competitive advantage by using SOA? The major advantage to SOA is that it has the ability to quickly and easily collect and analyze data from multiple sources. By using SOA, TrueCredit was able to combine and reuse existing "services" to create new applications without having to start from scratch. Therefore, TrueCredit increased its flexibility and responsiveness to the business environment and its changing needs. Being an early adopter of SOA, TrueCredit gained first mover advantages.

(3) What specific "services" can you identify in a business like this? TrueCredit's services include: credit reporting, credit scoring, and related financial services on both its own and its partners' web sites.

(4) Why is it so important to serve 50,000 simultaneous users? As traffic on TrueCredit's sites and applications increase, the software must be able to handle user demands. In addition to providing services and information for TrueCredit customers, TrueCredit's applications also serve as the engine for its partners' products; therefore, increased processing capabilities are necessary for TrueCredit to effectively conduct business. Improving TrueCredit's processing abilities and response time ensures that all users have access to the information they need, when they need it. If TrueCredit were unable to provide quick and reliable information, it may lose credibility and some of its clients.

(5) Classify this application using the material in Section 2.2. TrueCredit's application can be classified as an interorganizational informational system (IOS) because it connects two or more organizations. TrueCredit's application shares and disseminates information via its own site and its partners' sites. The application can also be classified as an integrated support system because it incorporates two or more support systems. As an integrated support system, TrueCredit's application can provide extended functionalities and more useful information.

Chocolate Companies Love IT

2008-09-02T17:07:00.020-04:00

Information technology is a powerful company asset. When optimally implemented, IT can help companies fulfill their goals and live up to their mission statements. For a class assignment, I was asked to select two familiar companies and see how those companies can utilize IT to help reach corporate objectives. Being a self-proclaimed chocolate connoisseur, I chose to investigate two well-known candy companies, Hershey's and Cadbury. We all know about their delicious chocolates and candies, but you may be unfamiliar with Hershey's and Cadbury's business practices. So, here's a little more information about two of my favorite brands.

HERSHEY'S
Mission Statement: Bringing sweet moments of Hershey happiness to the world every day. To our shareholders, this means:

Consumers – Delivering quality consumer-driven confectionery experiences for all occasions
Employees – Winning with an aligned and empowered organization … while having fun
Business Partners – Building collaborative relationships for profitable growth with our customers, suppliers and partners
Shareholders – Creating sustainable value
Communities – Honoring our heritage through continued commitment to making a positive difference

Corporate Philosophy: In seeking to balance our desire for profitable growth with the obligations which we have to various other constituencies, we shall strive to:

Protect and enhance the corporation's high level of ethics and conduct
Maintain a strong "people" orientation and demonstrate care for every employee
Attract and hold customers and consumers with products and services of consistently superior quality and value
Sustain a strong results orientation coupled with a prudent approach to business

CADBURY
Mission Statement: As Cadbury plc, our purpose is to work together to create confectionery brands people love. Our governing objective remains to deliver superior shareowner returns through achieving our vision of being the biggest and best confectionery group in the world.

Our Strategy: We believe that the business still has significant untapped potential – both in terms of top line growth and returns. By exploiting the strength of our leadership positions to continue to grow our market share and significantly increase our margins and returns, we aim to achieve our vision of becoming the biggest and best confectionery company in the world.

Our Vision into Action (VIA) plan for 2008 to 2011 aligns the energies and efforts of our teams around the world behind a number of priorities which will make the most impact on our revenue and margin performance.

In order to generate superior returns for our shareowners, our VIA will deliver six financial targets. These are set out in our financial performance scorecard below:

Organic revenue growth of 4% - 6% every year
Total confectionery share gain
Mid-teens trading margins by 2011
Strong dividend growth
An efficient balance sheet
Growth in Return on Invested Capital (ROIC)

To achieve these financial goals, we have a growth and efficiency strategy which aligns behind our focus on fewer, faster, bigger and better. This focus is being applied to all aspects of our business.

HOW IT SUPPORTS BUSINESS ACTIVITIES
Virtually every function of business can benefit from IT. Operational, managerial, and strategic activities all impact a firm's performance and play a role in reaching goals. Information systems support all of these business activities, thus enabling companies to achieve objectives.

Operational Activities: Operational activities deal with the day-to-day operations of an organization, which makes them short-term by nature. Such activities can include processing orders and recording employee labor hours. Transaction processing systems (TPSs), management information systems (MISs), and mobile systems typically support operational activities. A company's mission statement and goals shape its behavior in the business environment. Business operations must carried out so that the firm's mission is upheld and corporate goals are achieved.

Managerial Activities: Managerial or tactical activities are concerned the middle-management activities of short-term planning, organizing, and control. Several types of information systems are available which help managers perform their duties and make sound business decisions. In order to reach company goals, managers must use all of the information available to them to make good decisions. MISs and business intelligence (BI) can provide managers with relevant data.

Strategic Activities: Strategic activities or decisions have the power to significantly change the manner in which business is conducted. These activities help to formulate both short- and long-term plans. IT impacts strategic response activities by supporting or providing the response to a competitor's action or changes in the business environment. IT can also help a company become an initiator of change.

Additionally, the missions and goals of both companies can be better achieved by utilizing several specific types of information technology. With a customer-centric attitude, Hershey's and Cadbury can strengthen their relationship with customers and improve satisfaction through business intelligence and automated decision support (ADS) systems. A strong IT infrastructure which allows for quick and easy communication among all employees and business partners is necessary. Communication and collaboration systems allow employees, partners, and customers to interact and work together more efficiently. Management information systems (MISs) and knowledge management (KM) systems aid managers with making business decisions. Transaction processing systems (TPSs) and inventory management systems can generate usable data and boost efficiency. At the manufacturing level, IT systems can support quality standards and streamline production.

Goodbye, Mr. Meter Reader

2008-09-02T12:36:00.006-04:00

Remember that little box attached to the side of your house? You know, the one that keeps track of your electricity usage and requires a professional meter reader to come by and check the numbers, often leaving muddy tire tracks on your driveway?

With the onslaught of innovative technologies, it may finally be time to say goodbye to your local meter reader. San Francisco-based Pacific Gas & Electric Co. is looking to switch out nearly 10 million old disc-and-dial meters with sleek, micro-chipped wireless "smart meters." A recent BusinessWeek article "Electricity Meters Spark a Debate" outlines some of the key advantages for the switch and why some critics oppose this new technology. Check out the full article to learn how smart meters can save electricity and streamline the business practices of the electricity industry. Then come back and tell me what you think about this costly but advantageous technology.

Does IT Matter?

2008-08-26T22:36:00.017-04:00

Walk into practically any business, and you will find some form of information technology (IT) hard at work. In recent years, new technologies have radically changed and improved the business world. With the emergence of the Internet, businesses and consumers from all over the globe can interact in a virtually borderless economy. Information technologies have forever altered the way people conduct business and live their daily lives. For example, consider my recent trip to New York City. Before departing, I went on the Internet, booked my airplane flights, purchased sightseeing tickets, and downloaded city maps. At the airport, I swiped my credit card at a computer kiosk to check in, print my boarding pass, and check my baggage. In all of these instances, the use of innovative information systems made my travel easier and more efficient. Isn't that the ultimate goal of information technologies? To enhance customer satisfaction and improve business practices?

IT MATTERS

Hoping to achieve such aims, businesses invest heavily in information technologies. The Internet and integrated software systems offer many benefits for businesses. IT provides enhanced connectivity, making communication among various parties quicker, easier, and more accurate. IT increases efficiency, lowers costs, reduces waste, and removes physical limitations. With today's information technologies, an American consumer can purchase goods directly from a Taiwanese manufacturer and have the item shipped to his home without leaving the comforts of his recliner. A businessman in New York can discuss a potential merger with a businesswoman in Berlin. Improving information exchange allows business to run more smoothly, which makes consumers happy, which then increases business. Therefore, designing and implementing the right combination of information technologies has the potential power to significantly add to a business' bottom line.

IT DOESN'T MATTER

However, the increasing ubiquity and decreasing cost of the Internet and other information technologies have many business managers questioning whether hefty IT investments really pay off. Does IT really matter in business? Can IT truly create a competitve advantage in today's global economy? In his Harvard Business Review article "IT Doesn't Matter," Nicholas Carr answers "No" to these questions, claiming that IT has now become a commodity. Many other business professionals are also beginning to side with Carr's belief, noting several drawbacks to IT. Although monetary cost is becoming less of an issue, other costs are associated with designing and implementing advanced information systems and technologies. Large scale IT systems often require equally substantial funds to establish and maintain them. Time is required to create customized information technologies and then train employees how to use new systems. Given its very nature, information technology also creates ethical concerns regarding security/privacy, outsourcing, e-waste disposal, and mechanization.

Although business experts may disagree about the commoditization of IT, the prevalence and importance of information technology cannot be denied. Considering the aforementioned advantages and disadvantages, how should IT be viewed by today's business leaders?

Can IT create a competitive advantage in the market?

Do you think IT matters?

Welcome

2008-08-26T21:51:00.004-04:00

For my MBA course on Information Systems, I must maintain a blog commenting on relevant issues in today's techno-savvy business world. I will be posting new blogs every week, so please check back and leave comments... lots and lots of comments!