Essays on Information Science and Technology

The Importance of Accurate Inventory Reports The reports on available company items should be accurate. The inclusion of computer equipment not present in the warehouse makes the information incorrect, and this inaccuracy makes the information presented a bad one. The wrong inventory report has potentially negative consequences for the company. The...

The Internet of Things (IoT) The internet of things (IoT) describes the network of various physical devices such as home appliances, vehicles, as well as various other home appliances that are equipped with sensors and software that enable connectivity. In return, connectivity allows for connection and the exchange of data, which...

Scenario: A company called Colony Nursery and Landscaping opened a new store located a few hundred miles away from its original location. The company wants to implement an award system that awards their customers with points whenever customers make a purchase, but the two stores are not able to share...

Importance of Decision-Making Efficiency Decision-making efficiency is a critical determinant of business success (Saaty, 2008). Organizations often encounter challenges in the business environment. These challenges may stem from the external business environment or in some cases from internal systems. It is important for managers to establish the origins of challenges experienced...

World Wide Web refers to an international collection of documents as well as other resources that are linked together by hyperlinks and the URLs (Herman and Swiss). World Wide Web has brought various business opportunities that otherwise could not have existed. The following are some of the business opportunities that have...

Until today, the value-sharing mechanism in developed economies was based on a transformation of industrial productivity gains into purchasing power and service jobs. But the current wave of digital transformation could put an end to this mechanism, with destabilizing effects on our economic and social model (Nica, 2016). Resultantly, economists...

Trends of the progress in the United States economy are all driven by the inexorable and massive improvement in computing power. The advancement in the computing power affects various sectors in our economy. Development in cloud-computing is witnessing significant changes, the ambiguities relating to smartphone uptake is another element. Rising...

Amazon, a U.S. based e-commerce retailer, was founded by Jeff Bezos back in 1994 at Washington’s Seattle area. The company is a renowned retail giant as it operates not only in the U.S. but also outside the U.S. Amazon exploits this advantage to serve millions of customers who either shop...

A shift to an internet-based society has resulted to significant changes, especially in the societal, cultural, political and technological perspective of an economy. These changes encompass the way business is conducted and especially how the e-commerce and marketplace is managed (Ritzer and Jurgenson, 2010.). Therefore, the integration, growth and sophistication...

Remaining relevant in business requires a clear understanding of the external forces that might affect an organization. Porter mentions that businesses have to stay wary of the external forces that might bombard the organization, and affect its position in the market.[1] Forces such as competition from established rivals, buyer power, supplier...

Various economic issues are often addressed in journals and newspapers not only in the United States but also in the world as a whole. These issues cover different economic areas such as the government intervention in the market, comparative advantage and trade among many other topics. Price changes is among...

In the current era, physical banking is gradually losing the hype that it initially had and this can be attributed to the advancement in technology. Digital banking has taken over and it is possible today for people to transact business using their bank accounts remotely. However, all these are subject...