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Showing posts with the label Business Models

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....

How the seminal work of Delone and Mclean (DeLone & McLean, 1992, 2003) paved the way for measuring IS success.

The model is question can be one of great importance even in 2020 despite the fact that it was originally created in 1992. This is because many organisations are still struggling to gain an understanding of how to use many of the key cornerstones it speaks of any digital disruption pulls them into the age of analytics, data and how this can impact business. There is no such thing is a non-digital company in 2020 and this is one of many models that fills the gap. The primary aims of the model are to;    •           To help organizations express the value they get from IT •           Increase user satisfaction of customers and staff •           Increase intention to use IT   The model helps firms map out what benefits could be gained from an investment into IT. It is a model that offers 3 cornerstones to help ge...

Outlining the challenges facing pre-digital organisations when embarking on the development of a digital transformation strategy.

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In recent years, the world of business has changed at a pace not seen since the industrial revolution. This has meant that they have needed to adapt or risk going out of business. As the question suggests this brings with it many challenges. This answer will discuss some of those challenges. To complete a digital transformation, a company needs to have a digital and data strategy.     Like any business-related strategy, a data strategy revolves around the strategic decisions made by the business to achieve its goals. A data strategy revolves around how data is acquired, integrated with existing and new systems, analysed and finally delivered. It is a comprehensive vision of how it will tap into its data capabilities. A data strategy should entail how the company will manage and process its data. How the data is relevant to the firm and why it will benefit the firm. Finally, how will the strategy fit in and untimely help the overall business strategy?   Employee Pushback...