Business Systems Analysis: The Two Technologies (Research Paper Sample)

Business Systems Analysis
Name
Institution
Table of Contents TOC \o "1-3" \h \z \u Introduction PAGEREF _Toc505881869 \h 3Problem Statement1 PAGEREF _Toc505881870 \h 3Two Technologies PAGEREF _Toc505881871 \h 3Objectives PAGEREF _Toc505881872 \h 3Project Description4Technology Requirements PAGEREF _Toc505881874 \h 4Competitors and Technology PAGEREF _Toc505881875 \h 4Technology One: Big Data and Knowledge Management PAGEREF _Toc505881876 \h 4Technology Two: Business Analytics and Business Intelligence Solutions PAGEREF _Toc505881877 \h 5Technology Benefit PAGEREF _Toc505881878 \h 5Technology Solutions6Technology Two6Recommendations PAGEREF _Toc505881881 \h 6Technology Solution PAGEREF _Toc505881882 \h 6Overall Benefit PAGEREF _Toc505881883 \h 6Basic Security Considerations PAGEREF _Toc505881884 \h 6Security Features PAGEREF _Toc505881885 \h 6Third-Party Vendors6Internal Safeguards6References7
Business Systems Analysis
Introduction
The Problem Statement
The business environment is dynamic and requires that the business owners make the necessary changes to their mode of management in order to achieve the set objectives and goals. The Small Brick-and-Mortar company has been struggling with revenue generation in the wake of new technologies introduced in the industry. The business owner wishes to generate more revenues through e-commerce. However, certain changes to the business and the system of management must be take place in order for the owner to implement the new system to generate more revenues. This would require an introduction of two technologies into the system to solve the problem at hand.
The Two Technologies
The business requires a new approach to business information management that will update the database and information pertaining to its mode of business. Further, the business will require a system that will conduct online transactions such as payments, sales, and inventory. Therefore, the two technologies that would solve the problems above are the big data management technology and business analytics and intelligent solutions.
Business Requirements
Objectives
The aim of the project is to achieve the following:
* Provide business reports for efficient operations
* Digitize organization’s data by managing records and data.
* Efficient management of the contemporary brick-and-mortar operations.
Project Description
The business needs to automate its systems to enhance data management and online marketing. This will ensure efficient management of data and information that will ease the monitoring process and managing all its operations through the system functionalities. It is important to implement this system automation because it improves the overall business management and operations particularly in record keeping, online marketing, and decision-making process (Paul, Cadle & Yeates, 2017).
Technology Requirements
In order for the new technologies to be effective to produce the desired results, brick-and-motor must ensure it collaborates all business intelligence, which enhances problem-solving. The technology will also require knowledgeable staff to implement and manage the new system will be essential for effective operations. Moreover, the system requires big space to store big data into the already automated system and the new data repository.
Competitors and Technology
There are two main competitors in the industry; namely, Macy’s and Zappos. The Zippos uses the two technologies above to create connections with clients during online marketing operations. On the contrary, The Macy’s use the same technologies to analyze data that has been collected from the field to enhance its decision-making process.
Technology One: Big Data and Knowledge
The Zippos Inc. employs this technology to manage its operations as well as storing huge information collected from the field for further reference. The information is resourceful in the decision-making process, managing and storing the information concerning client’s advertisements.
Technology Two: Business Analytics and Business Intelligence Solutions
Macy’s employ this technology for evaluating the general activities of the business through generating intelligent solutions to its problems. The technology enhances advertisements for the company as one of the primary aspects of its functions.
Technology Benefits
The Big Data and Knowledge Management Technology benefits the company by enhancing data storage in the database, which records the various business transactions. Laudon and Traver (2018) understand that the use of data helps in the problem-solving process and planning for artificial intelligence in the future of analysis. Therefore, the business and the owner benefit from the technology by increasing the savings and cooperations.
Technology Solutions
Big Data and Knowledge
The business will improve its knowledge management because of the automated processes involved in business transactions.
Business Analytics and Business Intelligence Solutions
The business will benefit from the analysis of business with artificial intelligence to generate solutions to problems facing the company. The technology will fill the gaps and enlighten the owners regarding strategies that meet the consumer and busi...