Business Intelligence - Free Essay Example

Sample details Pages: 4 Words: 1139 Downloads: 1 Date added: 2017/06/26 Category Business Essay Type Analytical essay Did you like this example? Business Inteligence Question 01. About Organization: In Switzerland UPC Cablecom is one of the largest cable television operators. Cablecom was Founded 1994 by merging smaller companies. However it was remained UPC Broadband division of Liberty Global Europes since the early 2006. UPC Cablecom gives features such as broadband web, and advanced (VoIP) telephony administrations to 2.6 million administration clients as of December 31, 2014. UPC Cablecom clients are placed in 24 of the 26 part states of Switzerland, including the significant urban areas of Bern, ZÃÆ' ¼rich, Lausanne, and Geneva. Ità ¢Ã¢â€š ¬Ã¢â€ž ¢s across the nation system is moved up to two-path ability, with every last bit of its link homes passed was served by a system with a transfer speed of no less than 860 MHz. Furthermore, UPC Cablecom offers a scope of feature, voice, broadband web, and information administrations to business clients. These clients incorporate little and medium size organizations, huge enterprises, and wholesale accomplices all through Switzerland By utilizing the SPSS Predictive Analytics Solution, Cablecom has the capacity instantly distinguish clients at danger of agitate, upgrade its client contact procedure, diminish client procurement expenses and enhance its general consumer loyalty BI effort: Cablecom is the best example to show how an organization in worldwide industries should unleash the power of predictive analysis. Cablecom not only acquire, grow and retain valuable customers with this predictive analysis but also used to detect fraud and reduce risk within the organization. Cablecom uses the BI effort in Predictive Analysis and understand customersà ¢Ã¢â€š ¬Ã¢â€ž ¢ behaviour. BI capabilities: BI capabilities are Organizational memories, information integration, Insight creation, Presentation. Organizational memories: This capability represents an organizationà ¢Ã¢â€š ¬Ã¢â€ž ¢s accumulated history, including da ta, information. This helps to gather all the needed data for process further. Information integration: Information Integration capability helps to address problems occur when manually integrated information. It helps to address these problems by producing synthesized content about the past and present. Insight creation: From the first two BI capabilities organization can accumulate the integrated data, and knowledge that constitute the row materials needed for insight and decision making. Insight creation capability focuses on utilization of these raw materials to produce valuable new insight and enable effective decision making based on continual rather than periodic analysis. Presentation capability: Presentation capability is the connection area between the proposed BI solution and the user who use it. Its motivation is on presenting the right information in a productive way. Overall goal is to deliver the result of insight creation capability to the users, such that th e users can make their best possible use in terms of learning as well as decision making. By using this capability Cablecom can understand its customersà ¢Ã¢â€š ¬Ã¢â€ž ¢ needs and it can make decision to accumulate more customers. Question 02. Components in active enterprise intelligence: Active Load: Active load ensures the accuracy of the data by updates data in new real time throughout the day and ensuring information is available for specific decision making. Example: As per the demo in Teradata website, when there is a delay, they understands the loyal customers and tries to give best customer service to them. For this they needed to know who are the loyalty customers flying today. For that they need new real time data. Active access: Enterprise information can be accessed anytime, so u can answer virtually any question on any subject, any time. Example: As per the demo in Teradata website, Information about Loyalty customer, information about inventory , customer seat reservation patters, luggage details and many more details are accessed through active access process. As per the demo, all the different subject details have been answered by one system. Active events: Detects the key events and alert the user to analyse them and take appropriate action. Example: As per the demo in TeraData website, when Maria input the details of her journey, the database system analyse all the previous journey details and giving her a better option of a Flight + Hotel offer. Active workload management Let you to easily manage this dynamic work loaded environment from touch point to back office. Example: As per the demo in Teradata website, when there is a sort in plain part, they simply went through the system and understood that the part was not available in London. So they checked again and found in which store the part is available, as well as the prices of it. And all these information was taken from few clicks. Active ava ilability Business critical 7/24 system availability. Example: As per the demo in TeraData website, when there is a need of plane part, they immediately accessed the system and understand that they donà ¢Ã¢â€š ¬Ã¢â€ž ¢t have that specific part. So they check again and found the nearest store which hold that part. This was possible when the system is available 24/7. Active enterprise integration Enable the data warehouse to fit into your existing architecture. Example: Since the system matches organizationà ¢Ã¢â€š ¬Ã¢â€ž ¢s actual system all the required info was gathered quickly. Question 03. Development environment should be setup with new document containing some sample emails. Then resources should be loaded to do text (Name) recognition environment and makes an application to run these segments on the report in grouping. With the segmented emails, result can be seen by one of several viewers for annotations. The Gates components are good start but it sh ould be altered with people from Systemà ¢Ã¢â€š ¬Ã¢â€ž ¢s personnel database. There should be a tool to be created, to create a directory structure on disk that has some Java stub code, and an XML configuration file. Then compile the stubs and create a JAR file containing the new resources. Load URL of these files to the system, and the system then allows to load them in the same way that was loaded the built-in resources earlier on. A second copy of the email document should be created and saved on an Oracle Data store. Run the prepared application on the email test corpus. Then check the performance of the system to compare manual results with the systemà ¢Ã¢â€š ¬Ã¢â€ž ¢s results. Then Do necessary changes and Re-initialise the resources. Repeat the above process until gets the accurate result. ANNIE gazetteer should be replaced to regenerates itself from the local personnel data. Then alters the pattern grammar in the semantic tagger to prioritise recognition of names fro m that source. This application is written in Java, so embedding is very easy: the two GATE JAR files are added to the project CLASSPATH, the new components are placed on a web server, and with a little code to do initialisation, loading of components and so on. This process will helps to automatically identify the names of people in a corporate intranet and transform them into hyperlinks to be used in a general mailer via e-mail with the help of GATE. Reference: Anon, (2015). [online] Available at: https://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.412.2515rep=rep1type=pdf/ [Accessed 3, Apr. 2015]. Don’t waste time! Our writers will create an original "Business Intelligence" essay for you Create order

Performance-enhancing Drugs and Athletes - 674 Words

With the change of rules in sports throughout the many centuaries, the most advance form of improving the ability of athletes is known as doping. Doping are performance-enhancing drugs which are used in sports. The uses of these drugs are considered to be unethical as it gives competitors an unfair advantage. Sports is seen as an activity based on full ethics and complete discipline. With the invention of performance-enhancing drugs in sports, it gives athletes a greater opportunity of cheating. There are many different types of drugs however the most common ones that are used include Steroids, Amphetamines, Stimulants, Peptide Hormones, Human Growth Hormone and Insulin. Steroids and performance-enhancing drugs increase the amount of testosterone in the body. This allows the body to develop a greater muscle growth and increase body mass. These drugs are available in the form of pills or it can be injected as Anabolic steroids serve as a supplement when entered in the body. Athletes use steroids in order to be the best and remain as the best. Sports is a competitive game in which athletes feel obliged to win and strive to become better than others. Although the improvement of sports has increased greatly, there are rules and regulations that must be followed. Sports include the protection of the health and safety of the athletes. It also includes the respect for medical and sport ethics. With unfair advantages due to medical conditions, it does not ensure an equal chance forShow MoreRelatedAthletes And Performance Enhancing Drugs1438 Words   |  6 PagesAthletes of all ages are always looking for that extra edge to excel in their sport. Living in a world filled with competition, this could be a challenge for certain athletes who want to progress and get to the next level. Many athletes have a strong desire for recognition and fame. Unfortunately, that makes some athletes who are determined to win at any cost, motivated to experiment with illegal subst ances even knowing the consequences. Being in sports that require significant strength and enduranceRead MorePerformance Enhancing Drugs For Athletes2365 Words   |  10 Pageswhat performance enhancing drugs, or PED are and what they have to do with athletes. When people talk about performing enhancing drugs, they assume that they are steroids or some type of human growth hormone (HGH). However, a performance enhancing drug is anything that is taken by an athlete to improve their skills. Performing enhancing drugs mostly refers to anabolic steroid use in sports by either professionals or amateur athletes. People all over the world use performing enhancing drugs. StartingRead MoreThe Effects of Performance Enhancing Drugs on Athletes996 Words   |  4 PagesEffects of Performance Enhancing Drugs on Athletes The risks of taking performance -enhancing drugs to improve an athletes’ performance outweighs the benefits. Along with the fact that all performance-enhancing drugs are illegal to use in sports, there are also serious side effects and addiction risks to the drugs. Athletes may choose from a variety of drugs and each may achieve different benefits. However, most of the time, athletes are uneducated in their decision to take the drugs, which canRead MoreElite Athletes and Performance Enhancing Drugs1817 Words   |  7 PagesElite Athletes: An Asset or Liability to Sports? Many elite athletes are under great pressure to perform exceptionally well they often times resort to using performance-enhancing drugs to stay competitive. The path to success as an athlete is not an easy track; it is fierce! The fame and the fortune one can attain from being an athlete is only unimaginable to some; it is something worth going the extra mile to reach, for some, there is no limit to the extra mile. After all, in today’s society theRead MoreShould Athletes Be Performance Enhancing Drugs?2325 Words   |  10 Pagesaccurate. However, to test all adolescent athletes in Australia for performance enhancing drugs solely on the bases of an opinion is highly ineffective and time consuming, as there are other ways to combat the problem. To determine if junior athletes are taking performance enhancing drugs, there are a number of questions that need to be looked into. These include: which athletes are taking performance enhancing drugs, how often do they take them, how many athletes take them, which sports are the mostRead MorePerformance Enhancing Drugs Among Athletes Essay944 Words   |  4 PagesSince the dawn of the twenty-first century, performance enhancing drugs have become a religious practice in â€Å"the lives of some sport figures.† The use of these supplements have given the user an edge, an edge to perform at maximum capability. Most major athletes all agree on the fact that the competitive determination to win is intense. Despite all, most athletes have high hopes of either winning a medal, a full ride college scholarship or the once in a lifetime opportunity to play for a professionalRead MoreEssay on Performance Enhancing Drugs Among Athletes935 Words   |  4 PagesSince the dawn of the twen ty-first century, performance enhancing drugs have become a religious practice in â€Å"the lives of some sport figures.† The use of these supplements have given athletes an edge to perform at maximum capability. Most major athletes all agree on the fact that the competitive drive is intensely fierce. Despite all, most athletes have high hopes of attaining prestigious awards, a full ride college scholarship or the once in a lifetime opportunity to play for a professional teamRead MoreAthletes Should Use Performance Enhancing Drugs941 Words   |  4 Pagesstar athlete on any team of your choosing? Therefore, this is one of the reasons why I think steroids should be able to be used for anything of the professional athletes choosing.. Due to the amount of people using performance enhancing drugs in pro sports today, most people when they hear â€Å"Steroids† they think of huge men or women with big bulging muscles. Steroids have been used throughout sports in every way i n almost every sport. I think that the professional athletes that use performance enhancingRead MoreShould Athletes Use Performance Enhancing Drugs?935 Words   |  4 Pages PED users in sports Everyone wants to win and everyone loves a winner. Athletes are a competitive group and if you are good enough to get into professional sports, you can achieve fame and fortune would you cheat to accomplish? This is the question that many athletes have to answer? What do I mean by cheating? I mean the use of performance enhancing drugs. How many records were made and broken by athletes that used these enhancements. â€Å"According to Marvin Olasky â€Å"Baseball needs to putRead MorePerformance Enhancing Drugs Affects on Athletes Essay480 Words   |  2 Pagesresearch paper is performance enhancing drugs. My research is the affects of performance enhancing drugs on athletes and how it affects society. The stakeholders for the research paper are the professional athlete, the college athlete, governing bodies and the fan. The effects of drug use on the professional athlete can cost them their career and also their lives. The college athlete wants to become the fastest or the biggest and nevertheless don’t view performance enhancing drugs as dangerous.

The Collapse of Dick Smith

Question: Discuss about the Collapse of Dick Smith. Answer: Introduction Understanding the reason for the failure of a business is essential in identifying the life cycle of the business so as to put plans in place that can revive the business. In the bid of understanding the reasons as to why businesses fail as others succeed, examination of the business performance is essential (Osuala 2015, p. 12). Dick Smith was known to be one of the iconic electronic retailers in Australia. However, the business failed as a result of external and internal factors. This paper presents some of the accounting issues that led to the failure of the business concerning different business theories and accounting practices. 32489 Motivation of the management and accounting issues that led to the fall Dick Smith Before the successful listing on the stock exchange of the organization in late 2013, it had enjoyed strong growth sales that were underpinned by the new lines of business and expansion plans. However, in the tough times, the management had a strong focus on the possibility of increasing the revenues that would hopefully lead to profit generation. Their focus leads to the expense of sustainable growth as the business struggled to maintain its performance. The management of the company carried out massive inventory purchasing failures out of an ill-thought and with costly expansion strategies. As a result, the expensive expansion plans together with the surplus earning of the employees forced the company to get into significant borrowing deals since the process ate up all the surplus of the company. As a result, the Australian iconic electronic retailer began to lose its market as a result of a change in the customer preference. Moreover, these expansions plans were not edited and went unchecked for a long time, a situation that led to the retailer carrying too much stock that could not be sold and yet were overvalued. A few months later, a rapid sale clearance was necessary despite the fact that it was a time of good sales, and the retailer could have achieved strong margins. Also, the cash receipts were not sufficient to meet all the commitments of the organization. This lead to the failure of the business as there was no cash resource that was sufficient to meet both its current and future commitments. The losses were attributed to very poor sales and margins lease provisions; inventory writes downs, as well as other asset impairments such as; Its revenue growth was mainly based on the commercial sales and store growth at very low margins. This led to the loose in the market share as the comparable sales were declining. The financial plan of the retailer required considerable supplier commitment, considerable financial commitment, as well as bank borrowings. Dick Smith had a larger store network as compared to its competitors thus a higher cost base as well as considerable reliance on and exposure to the fast moving office and computer product market. The inability of the iconic electronic retailer to obtain favorable credit terms had a great negative impact on the product mix, store presentation, and stock levels of the business. The management made inventory decisions that had no consistency with the consumer demand within the competitive market environment. The iconic electronic retailer was ultimately left with a considerable level of inactive and obsolete stock that required a major write-down. It also faced cash flow pressures that forced the breaching of banking covenants to a point where the remedy was impossible. Its clearance sales generated insufficient margin or sales to elevate the financial pressure the business was facing. The consumer electronic market is very competitive and is coupled with rapid changes in the consumer demand patterns. It hence required a drastic and strategic sales and marketing plan to meet the goals of the organization. Stakeholders of the business The major stakeholders of the business were the Anchorage Capital Partners Bill Wavish and Phillip Cave as they represented a private equity firm on the board of Dick Smith. The collapse of the business was grilled on the role of these two stakeholders. For instance, Mr. Cave fully corporate with the receivers on a claim of the private equity heists, an allegation that had been denied by the Anchorage Capital Partners. According to Yamey (2011, p. 89), customers are the primary stakeholders that determine the rise or fall of business. The failure of Dick Smith has also affected the customers since a business that was once an electric retail icon failed to a point of closure. Accounting theories explaining the actions of Dick Smiths management Positive accounting theory views a company or a business organization as the total of the contracts of the business. It posits that many retail businesses are fundamentally about the contracts that dictate the core values and goals of the business; efficiency is the core driver of the success of the business. Positive accounting theory hence examines the real life business occurrences as it seeks to understand and as well predict how the actual market addresses the accounting challenges and treatments. The theory hence looks into the actual world events and transactions as it examines how companies are accounting for the events with the focus on the economic consequences that affect the decision-making of the management. On the other hand, normative accounting theory takes an opposite approach by telling the accountancy policy makers of what needs to be done depending on the theoretical principle instead of focusing on what is already happening with the companies. It is thus more of a deductive process than positive accounting as it looks into both the theory and deductible policies other than just focusing on the accounting principles. About positive and normative accounting theories, the management and stakeholders of Dick Smith failed to account for the financial securities in a manner that hid the material changes and decision-making towards beneficial values that are pertinent to the success of the business. As a result, the daily entrepreneurship of the company no longer presented accurate accounting information and progress of its financial position. The normative theory also came into view with the management system of the business that finally leads to the fall of the retail. For instance, i t became difficult to judge whether the income and cost from the contract be immediately recognized, as a future lump sum, or incrementally be accepted with time according to Liveris (2011, p. 19). Both positive and normative accounting theories usually operate in monetary unit assumption, the going concern assumption, economic entity assumption, as well as the periodicity assumption. According to the positive theory, the actions of the business owner should be separate from the business activities while the going concern has it that the business will always continue without a bankruptcy or dissolution, an assumption that is made in the process of preparing the financial statements of the business. In the case of poor performance of the business, GAAP requires that the financial statements of the business be prepared in a reflection to the liquidation basis of the business holding (Wamrack 2014, p. 15). Comparison of different theories Positive theory requires the domination of the financial statements in relevant numerical currency depending on the business as opposed to the product units. The periodicity assumption breaks the business activities into fiscal periods as per the recurring financial annual or monthly reporting according to Rudolf (2011, p. 19). The primarily accepted business management principles require the adherence to the matching principle and the historical cost of the business. For instance, Dick Smith management would have ensured that the revenues and expenses matched into the period in which they occur so as to evaluate the predicted future performance of the business. Normative also called prescriptive theory is mainly concerned with the recommendation of accounting policies as well as the right way of practicing accounting policy. It is hence focused on deriving the true income of accounting assets and profit figures of business and thus makes it useful in the discussion of the useful information that can be adopted in making business decisions according to Husband (2010, p. 554). In the process of adopting the expensive expansion plans together with the surplus earning of the employees, the adoption of the normative theory is essential in the decision-making process. Adopting this theory in decision making would have saved Dick Smith from getting into significant borrowing deals that lead to the instability and fall of the whole business. Conclusion Accounting theory is a definitive and directive principle that is framed to analyze accounting practices. It is scientific as it is based on sound reasoning thus helps in solving complicated business issues that arise from the dynamic business environment. On the other hand, accounting practices records and analyzes accounting activities such the loss and profit of the business so as to evaluate the progress of the business. Accounting practices are thus a valid way of communicating the progress of the business. It is hence clear that accounting theory and accounting practices are closely related and interdependent as they are integral to each other. The management of Dick Smith retail business could have been more successful when it adopted both accounting theories and practices. References Coetsee,D,2010, "The role of accounting theory in the development of accounting principles",Meditari Accountancy Research, Vol. 18 Iss: 1, pp.1 - 16 Husband, R., 2011, "the Entity Concept in Accounting: The Accounting Review, October, Vol. 29(4) Pp552- 563. Liveris, A, 2011, Ethics in Business: Effective Business Planning, vol. 29, no. 3, pgs. 17-18 Osuala, C, 2015, Introduction to accounting theory, 3rd Edition, Enugu, Africana First Publishers Limited Rudolf, P, 2011, The Rising Powers from emerging markets: The changing face of International Business, The Global Strategy Journal, Vol. 10, no. 5, pgs. 15-20 Wamrack, W, 2014, The effectiveness of accounting theory and accounting practices: A management Perspective, International Business Journal, Vol.1, no. 2, pg.15 Yamey B, 2011, early views on the origins and Development on Book-Keeping and Accounting, Accounting and Business Research (Special Accounting History) issues, New York, Standard Text Press. Pp81-91