IST 432 Lecture Notes - Lecture 6: Data Management, Wireless Sensor Network, Real Options Valuation
4 Dec 2017
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Business model digital technology being everywhere; all environment connected/interlinked. Plan by company to generate revenue and profit from operations. Include : components/functions of business / revenue / expenses. : new tech paradigm - global network of machines/devices interaction. Transform business process with accurate/realtime visibility in flow of materials+products. Iot in business; what it can do for enterprises. Real option approach : valuable in fields of high uncertainty/risk (ie it) abandon/switch - contract - defer/postpone - expand. Data management / data mining / chaos / security / privacy. Value : achieve greater value through insight/superior analytics. Weather information provide actionable insights for business / data-driven decisions. Change in weather affect customer buying behavior / adjust supply chains - stocks Given things -> data in context -> organization of information/patterns/trends -> why? comp. have. Decision-making (how much power to arlgos and machines) Why global teams are important deals diversity perspective and strategy.
