Skip to main content

Improvement Project of Science Construction CS

Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi...
Post a Comment

What is data explosion?


Most of the companies think that information is a valuable commodity and its one of the things that deserves storage (the more information we have, the more we can learn, and the changes that drive business success). But, it is important to remember that data collection and storage costs money - data requires storage and electricity to run, and if the information is sensitive, attention must be paid to security and data compatibility (Marr, 2016).

Of course, the problem becomes bigger when we consider the expected growth in data companies that will produce; experts expect an annual productivity increase of 4,300% by 2020. But companies use only a fraction of the data they collect and store. Therefore; if companies and individuals want to avoid drowning in data while thirsting for insights, they have to develop a smart data strategy that focuses on the few things they really need (Marr, 2016).

Data collection and extraction is a crucial step in big data management. If there is no data in the first place, there is no point to any of the further processes. With the seamless combination of IoT and big data, data extraction is now quicker and hassle-less. For businesses that cannot afford a big data infrastructure of their own, cloud-based big data solutions, for example, Amazon Web Services (AWS) gives a ready platform to utilize cloud computing services (Mayekar, 2018).


 Companies questing for killer apps generally focus all their firepower on the one area that promises to create the greatest competitive advantage. Organizations are competing on analytics not just because they can but also because they should. Analytics competitors understand that most business functions can be improved with sophisticated quantitative techniques. These organizations don’t gain advantage from one killer app, but rather from multiple applications supporting many parts of the business (Davenport, 2006).
Analytics competitors are more than simple numbers factories. Certainly, they apply technology with a combination of power and ingenuity to many business problems. But they also direct their energies to finding the right focus, building the right culture, and employing the right people to make the best use of the data they are constantly doing. In the end, people and strategy, as much as information technology, give such organizations strength (Davenport, 2006).
A real example of a company that uses big data analytics to drive customer retention is Coca-Cola. In the year 2015, Coca-Cola managed to strengthen its data strategy by building a digital-led loyalty program. Netflix is also a good example of a big brand that uses big data analytics for targeted advertising. With over 100 million subscribers, the company collects huge data, which is the key to achieving the industry status Netflix boosts. Netflix subscribers are familiar to how they send suggestions of the next movie the subscriber should watch. Basically, this is done using the subscriber past search and watch data. This data is used to give them insights on what interests the subscriber most (Kopanakis, 2018).

References:
-          Davenport, T. (2006). Competing on Analytics. Retrieved May 18, 2016, from https://hbr.org/2006/01/competing-on-analytics#

-          Kopanakis, J. (2018). 5 Real-World Examples of How Brands are Using Big Data Analytics. Retrieved from: https://www.mentionlytics.com/blog/5-real-world-examples-of-how-brands-are-using-big-data-analytics/.
-          Marr, B. (2016). Big Data Overload: Why Most Companies Can't Deal With The Data Explosion. Retrieved May 26, 2016, from http://www.forbes.com/sites/bernardmarr/2016/04/28/big-data-overload-most-companies-cant-deal-with-the-data-explosion/#47fc299d3920.
-          Mayekar, S. (2018). Dealing with the big data explosion. Retrieved from: https://www.analyticsinsight.net/dealing-big-data-explosion/.

Comments

Post a Comment

Popular posts from this blog

Luxury Watch

We are so used to our hands or legs that so long they are okay we don’t really realize their value. But when any of them is damaged by some accident; we know how indispensable they are! So the watch we wrap in our wrist or the shoes we wear in our feet. We are equally used to them as if they are as natural as where we fasten them. Imagine the plight when your watch is not ticking or you are walking bare footed. Here we are going to discuss about the watch. In our world we all use watch for common need, which is time. But various watches offer various other features too; like date, temperature or some of them serve as compass as well. They are of various price bands and designs. Amongst them few stand apart. They are designer luxury watch . Using them will put you apart from the crowd. Do you know; when you own a designer luxury watch , you may be only on the earth to own such a watch with such features and design. This itself is a matter of pride. If you gift someone you love w...
6 comments
Read more

CHITTARANJAN IN 50s

Hi, Everybody, sometime some of you keep me asking about my days and time at Chittaranjan. This is natural, after all there are gaps of decades between most of you and me ! This has prompted me with an idea of writing this to share my old good days with those of you who are interested. Indian Railway under the British colonial rule was another group of companies with different British Managements. Since the different railway networks under all of them were used mutually for their own benefits. At places, different railway companies had the facilities of repairing and maintenance of their locomotives and passenger and goods carriages. To name a few, like Anda, Adra, Howrah, Liluah, Mughal sarai, Jhajha , these are they places I mention since they are quite closed by our loving Chittaranjan. The locomotives were imported from Manchester, England and few from Canada and Australia , all under the Union Jack. A good number of railway operational staffs were anglo Indians,...
8 comments
Read more

Unfriendly Indian TV Channels

  Watching TV serials in the evening; is most favourite pass-time perhaps all over the world. When TV was yet to become household source of entertainment here (India) ; we heard about soap-operas becoming popular;  where Television permeated the drawing rooms. Obviously they were popular in foreign lands. We used to hear of them from various magazines. I still remember Kabir Bedi, becoming popular with Italian TV and audiences. Do you know long before we became familiar with TV; Pakistan had matured TV channels. I remember watching Lahore TV; sitting at UN camps in Indo-Pak border areas. In early 70s of last century; I watched quiz shows produced by Polka Ice-cream and that was quite popular show of Lahore TV. It took decades to present such programs here in India. However during the early days of  Durodarshan; ‘Humlog’  the unending serial ruled the roost for long. Then came a period when Durdharshan produced few best serials like ‘Buniyad’, ‘Tamash’ and many more....
8 comments
Read more