Information Management Technology

Q1 . What is Enterprise Resource PlanningEnterprise Resource PlanningEnterprise resource planning is in any case called enterprise placement Enterprise resource planning (ERP ) transcription is fundamentally an compound system that is based on structured applications with a common database which synchronies business activities and support the flow of postulate throughout the enterprise or organizationEnterprise resource planning includes monetary , strategic and operational system . ERP also features e-commerce capabilitiesImplementation of ERP SystemMajor investmentThe cost is among 50 ,000 and 100 ,000It takes 3-5 years to implement p ERP requests extremely c beful project managementERP involves many case-by-cases throughout the organization it whitethorn require the social function of consultantsCompanies /Organ izations are given a option to select either to adopt ERP as it is or to fix itBenefits of ERPIt provides constant real-time nurtureIt also provides constant business processesQ2 . What is the digression between data , information and friendshipDataData is raw facts and figures . Data is basically throw ind facts Data is inactive which means that it does exists but it is not in use . Data is technology based and it is gathered from respective(a) sources like for example : internet , surveys , experiments etc data learning is what individuals use to make decisions Information is presented facts which have been filtered or summarized from data , or it is transformed or converted from data . Information is active which means that it is enabled and it helps individuals in making decisions and information is business based go across experience backside be specify as facts or information or skills that s acquired by an individual through his or her education or experien ce . acquaintance is also a result of learn! ing . Knowledge erect be considered as the essence of information which it has been peaceful , classified advertisement , organized and integrated . There are two types of knowledge . They are as follows : - manifest KnowledgeTacit KnowledgeQ3 .

What is the going away between tacit and uttered knowledgeExplicit KnowledgeExplicit knowledge is information which is indite form or electronic form (like emailsExplicit knowledge is basically easy to total a hold off and to store in databases . Explicit knowledge can either be structured or unstructuredStructured Explicit Knowledge means that the information is organized in such a way that it can be used or referenced to in the approachi ng . Examples would be spreadsheets or documents or even databasesUnstructured Explicit Knowledge is information which is not referred for use in the future . Examples would be e-mail messages or images or audio selections etcTacit KnowledgeTacit knowledge is a knowledge which an individual has in his or her mind referable to their experiences . Tacit knowledge is severe to access because the information is stored intimate an individual s head . As it happens individuals are not cognisant most of the time or so the knowledge they posses or have or how much it is of cheer to other peck . Transferring of tacit knowledge requires a masses of personal get to , trust and a lot of tineQ4 . What are the benefits...If you want to get a full essay, order it on our website: OrderEssay.net

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