12 benefits of IT in businesses

Question 1

data is…

Answer 1

raw numbers and characters and figures without structure or context

Question 2

data types are..

Answer 2

text- characters or numbers (calculations are not done with text)

Integer- a whole number

real- accurate decimal number

date/time

boolean-two possible states (on/off)

image

Question 3

data collection methods

Answer 3

surveys (paper or online)
RFID (radio frequency identification)
Barcodes
secure near field communication

Question 4

To reduce bias

Answer 4

maintain a neutral stance
avoid that there is a right answer
create open ended questions
ask indirect images

Question 5

data storage types

Answer 5

DBMS (microsoft sharepoint/ SAP business)
configurable storage
enterprise resource planning

Question 6

data processing types

Answer 6

commercial- simplest/ data is checked then processed
batch- at the end of the day when hre systems ate quiet
real time processing- responding to customers real time with information

Question 7

benefits of IT in business

Answer 7

+information is power
+up to date information sia at fingertips
+marketing trends identified easily
+instant and intelligent reports
+efficient productions of invoices, reports and
statements
+reduces labour costs due to replication of effort and
reported entries

Question 8

forecasting

Answer 8

predicts and estimates a future event or trend

used to anticipate changes in the marketplace to enable getting ahead of future trends

Question 9

analysis

Answer 9

identify and articulate the need for change in how a business works
they will then facilitate for minimal disruption
analysis is critical in identifying data flow

Question 10

marketing

Answer 10

allows a customer to form a relationship with the brand- it enables you to better sell you product or services.
social media is a versatile and effective and increases customer engagement

Question 11

project management

Answer 11

uses various tools to track project tasks and measure accomplishments.
Prince2 is commonly used by companies to provide planning for software projects.

PM software allows the manager to control:
time  critical pathways
resource allocation
materials
contingencies

Question 12

presenting

Answer 12

+produce reports for a business review
+present information to shareholders and investors
+persuade a financial institution to invest
-cost of IT systems are not cheap and specialised employees for software are needed.
-you may be disadvantaged by your employee
knowledge of software
-there may be compatibility issues with your existing
software