BU111 Lecture Notes - Lecture 7: Enterprise Resource Planning, Nest Learning Thermostat, Predictive Analytics
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BU111 Full Course Notes
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Document Summary
Entering the market at the right time with the right customers is critical. Includes human knowledge, work methods, equipment, business processing systems. Information technologies : affects how we access information, how long it takes to complete an activity, develop a product (much faster cycle times) The various devices for creating, storing, exchanging, and using information. Companies use it to gather and share information and execute activities. Robots giving financial advice targeted at millennials. More and more machines are replacing human beings. Consumer standpoint every time we shop they collect data about us. Data sent to a company and analyzed. Predictive analytics to see what we may buy in the future. Underlying knowledge structures that we have (research into basic chem, bio, etc) Harnessed for the sake of identifying a solution. Technology transfer bringing it out of the lab and into the world (commercializing the research) How can you move your business model to a digital business model.
