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Showing posts with the label Big data

Describing the Web 2.0 design patterns developed by O’Reilly and Dougherty (2005) and give examples of each.

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 Article in response to:  https://www.oreilly.com/pub/a/web2/archive/what-is-web-20.html What is Web 1.0 and are its characteristics?  This was everything that could be found on the web before the .com bubble of the year 2000/2001. Websites tended to be very static and just displayed text. There was little to no gathering of data and pages did not encourage participation from visitors to comment or add to the conversation. Websites were effectively, “you get what you see” and not a lot more. There were no inbuilt applications like messaging to be found. People also could not tag content and again change the internet environment.    What is Web 2.0 and are its characteristics?    -          large number of very diverse technologies fall under the Web 2.0 umbrella even though they lack any common characteristics   -          Difference between Web 1.0 and Web 2.0 refers ...

Why seeker firms may use services such as InnoCentive.com to generate new innovative ideas

  Introduction Modern technology and primarily digital technology have made the world into a much more connected place as it is easier than ever before to make contact with people from anywhere in the world. Some firms have embraced that development while others perhaps have not. For companies who have embraced these changes and wish to embrace these changes in the future, one way of doing this is that of open innovation.    For context, this answer will break down what exactly is meat by the key terms in the above question such as “open innovation” “intermediary “seekers” and finally “solvers”. It will then do on to explain how these terms fit in with modern business with the use of relevant examples. The organising of all this is known as innovation management.    Key Terms The first key term to examine is that of open innovation. Henry Chesbrough, one of the key thinkers around the topic of Open Innovation describes it as firms look to ideas outside the firm ...

Outlining the challenges of managing big data

Introduction As the question and paper from the above-mentioned writers, suggests above, big data and the ability to analyse it is, and will continue to have a huge impact on how businesses work and evolve in the future. Big data is changing not juts computer savvy companies like Google and Facebook but companies from different industries. This answer will first define what big data is and it will then discuss how this is impacting businesses of all kinds.     Big Data Intro There are many different definitions of what big data is. As the name suggests it is when a lot of data needs to be processed but there is no exact cut of point when data as we have known in the past enters the world of “big data” that we have had in recent years. The general consensuses is that we ca consider a dataset to be “big data” when the dataset to too large to be managed by people or basic databases like Microsoft access. The data is impossible too big represent with a few simple graphs....

Osterwalder et al. (2009) and the five business models with a focus on cloud computing

  As the title suggests the five business model patterns indicated in the book “ Business Model Generation”  are as followed.   Unbundling the Corporation Long Tail Open Business Models Multi-Sided Platforms Free-as-a-Business Model   Introduction to Cloud Computing Cloud computing is services available on-demand online for users to access. Cloud computing includes social media sites like twitter, messaging sites like WhatsApp and companies who take the opportunities to scale like never before, such as Amazon or Google. Not often but many of these services are offered as a pay as you go such as Netflix or Amazon Web Services. This means users only pay for services while they need them. Such services are also scalable meaning they the virtually the same product can be offered in differing ways depending on what the user requires.    Another thing that makes the cloud and digital-based products different from traditional products are that they can be sold man...