Problems and Opportunities created by having too much data, and what Research Paper

Problems and Opportunities created by having too much data, and what to do about them - Research Paper Example Nowadays the business corporations are more and more concerned with the business data collection and analysis. In this scenario, the businesses are paying attention on effective data management and corporate analysis for better resource management and decision support. Additionally, the business corporations gather huge amount of data and process it in order to get business advantages. Sometimes this huge amount of data collection can cause various business and operational management issues. However, this huge amount of business data is a vital corporate resource that offers the business power regarding business management and future resource administration. In this scenario, some organizations gather data for the business and customer relationship management. Most of the business corporations are aligned toward the collection of customer data. Additionally, the one of the major reasons could be the evolution of online business marketing. This customer contacts and personal information can be used for business marketing. In addition, online business marketing is a less costly way of business marketing and overall promotions. This overall situation leads to better business and corporate management. In this scenario, there is need for customer permission in order to use customer data for business marketing process (LOHR, 2009).... In this scenario the huge business data collections are used through some OLAP, data mining and data warehousing based tools. These all tools and capabilities lead to better business data management and issues handling. In this way, the business management is able to well predict the business needs and requirements for the enhanced business decision management and future issues support. These all aspects are well matched for the business issues and problem management. In addition, these decision support tools are used to aggregate the business data to buildup and more summarized and concise business reports for the better business decision support and issues management (Laudon & Laudon, 1999). However, one of the major issues in this huge collection of data could be regarding data storage and management. Nowadays, the data storage is affordable, so the cost of data storage is not a big issue but this issue becomes critical when we need to backup terabytes of data. In retailing busine sses life WalMart that produce millions of rows of data each day, there is much harder for the business to store such data. In this situation the huge business data collection can be a big issue for the business (Trembly, 2010) and (Sperling, 2009). Another main issue with too much data collection is the data security. In fact, the huge amount of data can lead to more data leakages that can create some huge business damage and issue. In this situation there is need for a way through which an organization can better manage the business issues and aspects. In addition, they need to implement tight security mechanism that could ensure better business data management and issues handling (Laudon & Laudon, 1999). In case of too much data one more main issue is the business data

Business Plan for a Startup Business Term Paper

Business Plan for a Startup Business - Term Paper Example gers, grilled chicken burger; side dishes such as French fries, green salads; and beverage items include shakes, coffee, tea along with orange and lemon juices. The primary targeted group of consumers of the proposed food truck business will be young adult professionals, tourists and college/university students. In the context of ownership, the proposed venture will be operated by a group of three individuals passed out from their entrepreneurship degree in Al Ain City. With regard to the present market statistics in the food industry, it can be estimated that the mobile food service or the process of offering food items through food truck will generate a sustainable position with strong financial performance and brand image. It is projected that the start-up food truck business may attain satisfactory results in the initial years of its operations through considering the above-discussed important factors effectively. The sales plan for the proposed food truck business will focus on performing direct sales. The strategy of conducting direct sales in terms of transporting food items will enable the proposed business of food-truck to provide quality based foods and services to each individual or group of consumers. Moreover, the sales strategy of the proposed business will also emphasize on generating greater customer awareness within the marketplaces of Al Ain City of UAE. The proposed business plan of Food truck for burgers in Al Ain City UAE will be highly focused on selling quality burgers along with fast-food items towards gaining attention of the increasing food-lovers across the city. According to the proposed plan, the organization will be highly responsible to meet the customers with emerging trend of the changing food habits along with their growing interests on consuming wide range of fast-food items irrespective of different locations in the city. The organization will centrally focus on designing a unique concept of selling food items through