Organisations use Digital Transformation as a mechanism to evolve, this is prompted by internal needs or changes in their external environment. As the processing, storage and communications power of technology expands exponentially, the way entire industries operate is also being disrupted. In this article, we will explore how value chains are being eroded and what firms can do to survive.
Technologies such as cloud computing, Internet of Things (IoT) and mobile communications have contributed to the rise of the modern platform business model. But what is a platform business, what types of platforms exist and what skills do you need to create your own platform business model? Let’s find out...
The latest Digital Ireland report from Microsoft reveals that business leaders have accelerated their digital transformations due to the Covid-19 pandemic but are only scratching the surface when keeping up with customer demand and employee engagement.
Dell estimate that there are over 15 billion edge devices in the marketplace today and this will grow to 55 billion in 2022 and 150 billion by 2025. According to Dell Technologies , Edge Computing (on location) will be one of industries top priorities over the next 3-5 years. Find out more about what is Edge Computing and how it can transform your organization.
The Systems Development Lifecycle (SDLC) is an older IS development method used for large projects with formal specifications and tight controls. However it is expensive, rigid, time-consuming, expensive and discourages changes once user requirements are done (Morgan, 2020). SDLC works in traditional systems development models in structured environments. According to Morgan (2020), SDLC provides high degrees of control, accountability and error detection. There are alternative methods:
There are several definitions of supply chain management (SCM). ‘The design and management of seamless, value-added processes across organizational boundaries to meet the real needs of the end customer’ (Institute for Supply Management).
Does your data have value? If it does, do you know how to monetise it?
Customer relationship management (CRM) is an organizational strategy (not a technology) focused on assessing and satisfying customers needs. CRM provides front line sales/marketing/support staff with a single view of customer data. It is used to maximize the lifetime value of a customer and minimize customer churn. It can be used to support customer relationships by attracting new customers, satisfy existing customers, retaining them and extracting further revenue via cross-selling and up-selling. This can be supported by an organisations CRM system such as salesforce or SAP.
What is a ‘business model’
IS is an ‘Interrelated components working together to collect, process, store, and disseminate information to support decision making, coordination, control, analysis, and visualization in an organization.’ (Laudon and Laudon 2019). IS supports operations, management, decision-making (Bulgacs & Simon, 2013), interaction and support business processes (Kroenke 2008 and O 'Brien 2003). Alter (2003) captures, transmits, stores, retrieves, manipulates and displays information (Alter 2006).
Systems Development Lifecycle (SDLC)