Week 4

Reflection on Lecture 4:

Weeks 4s lecture was about enhancing business performance via the use of effective and well implemented information systems. The first concept we learnt about this week was that of big data and how often business struggle to deal with sheer volume and variety of data and how management staff within a corporation require hard and soft data to help with various decision making and prediction based tasks. I also learnt how that if a business is well informed it will be able to make more educated and therefore better reactions to changes to opportunities and threats within their external environments. However as well as being used to react in the face of changes is also allows business to plan ahead and even prepare for changes that may be coming in the near future. This directly allows businesses to continuously evaluate and update their processes to try an achieve maximum profits.

Also I learnt about the databases and how they are used to create retrieve and store information valuable to the business. Effective data base management is key ensuring that a database is well organised and full of relevant data. We went onto learn about different I systems an example of which being a geographic information system (GIS). A GIS is a system created for creating storing analysing and geographically referenced information.

Reflection on Group Work:

After forming a new group with Andre and Ahmed we have decided to do my place of work paladar as our business case. We formulated some questions that aim going to go and ask the founder of paladar however now reflecting I do believe that it may have been beneficial to write up a few more questions as we only had around eight I plan to speak to the group about this when we next meet to draw up a few extra questions to ask the business. We have also made a group chat and are actively communicating something that believe will be very beneficial in us getting the best grade that we can.