Information Management Technology

Q1 . What is Enterprise Resource PlanningEnterprise Resource PlanningEnterprise resource planning is also called enterprise placement Enterprise resource planning (ERP ) system is basically an compound system that is based on integrated applications with a common database which synchronies business activities and support the flow of study 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 requires extremely c areful project managementERP involves many case-by-cases throughout the organization it whitethorn require the social function of consultantsCompanies /Organizations are given a pickaxe to select either to adopt ERP as it is or to create itBenefits of ERPIt provides constant real-time informationIt also provides constant business processesQ2 . What is the deviance between data , information and friendshipDataData is raw facts and figures . Data is basically stored 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 versatile sources like for example : internet , surveys , experiments etc dataInformation 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 experienceKnowledge backside be specify as facts or information or skills that s acquired by an individual through his or her education or experience . Knowledge is also a result of learning . Knowledge can be considered as the essence of information which it has been collected , classified advertisement , organized and integrated . There are two types of knowledge . They are as follows : - manifest KnowledgeTacit KnowledgeQ3 .

What is the difference between tacit and uttered knowledgeExplicit KnowledgeExplicit knowledge is information which is written form or electronic form (like emailsExplicit knowledge is basically easy to get 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 future . 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 due to their experiences . Tacit knowledge is severe to access because the information is stored inside an individual s head . As it happens individuals are not aware most of the time or so the knowledge they posses or have or how much it is of cheer to other people . Transferring of tacit knowledge requires a masses of personal contact , trust and a lot of tineQ4 . What are the benefits...If you want to get a full essay, order it on our website: Ordercustompaper.com

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