Information Management Technology

Q1 . What is Enterprise Resource PlanningEnterprise Resource PlanningEnterprise resource planning is alike called enterprise placement Enterprise resource planning (ERP ) musical arrangement is fundamentally an compound system that is based on integrate applications with a common database which synchronies business activities and support the flow of have throughout the enterprise or organizationEnterprise resource planning includes financial , 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 overtops extremely c atomic number 18ful project managementERP involves many case-by-cases throughout the organization it whitethorn require the social function of consultantsCompanie s /Organizations are given a choice to select either to adopt ERP as it is or to piss itBenefits of ERPIt provides constant real-time schoolingIt also provides constant business processesQ2 . What is the optical aberration between data , information and friendshipDataData is raw facts and figures . Data is essentially fundd 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 various(a) sources like for example : internet , surveys , experiments etc data culture 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 take familiarity backside be specify as facts or information or skills that s acquired by an individual through his or her education o r experience . association is also a result! of learning . Knowledge piece of tail be considered as the essence of information which it has been self-collected , classified advertisement , organized and integrated . There are two types of knowledge . They are as follows : - manifest KnowledgeTacit KnowledgeQ3 .

What is the exit between tacit and uttered knowledgeExplicit KnowledgeExplicit knowledge is information which is write form or electronic form (like emailsExplicit knowledge is basically easy to receive 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 incoming . 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 indoors an individual s head . As it happens individuals are not conscious most of the time or so the knowledge they posses or have or how much it is of cheer to other spate . Transferring of tacit knowledge requires a masses of personal hint , 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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