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Vivek Patel commented on the post, Weekly Question #6, on the site 6 years, 2 months ago
I learned that data is crucial to any business. There is more data than we know what to do with. Using technology to make sense of this data can lead to more efficiency and effectiveness in the business world and also everywhere else as well. This is why data analytics is important. It examines both structured and unstructured data for the purpose…[Read more]
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Vivek Patel commented on the post, Weekly Question #5, on the site 6 years, 2 months ago
I think both systems play a big role for businesses. However, I do believe CRM is a bit more important than SCM. In any business the customer aspect is the most important because they are part of the reason any business is profitable. SCM does also impact a business by making the management of the flow of good and services easier. I worked at a…[Read more]
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Vivek Patel commented on the post, Weekly Question #4, on the site 6 years, 2 months ago
I think one of the most disruptive innovations is Amazon. Never has shopping been easier, everything you could want now can be shipped to your doorstep for a reasonable fee. Amazon has skyrocketed in recent years because it has crossed into many different markets including food. Amazon is the first to have a check-out free store in Seattle, WA…[Read more]
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Vivek Patel commented on the post, Weekly Question #3, on the site 6 years, 2 months ago
Good data in any field helps businesses get the needed information. It is crucial to have good data because businesses use this information to analyze and use that data for their performance. In any industry this is important because the right information saves businesses from costly mistakes. Bad data can potentially damage the business in the long run.
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Vivek Patel commented on the post, Weekly Question #2, on the site 6 years, 3 months ago
Decision trees are a more graphical way to show business rules, so I think they could be used every where there are complex business rules. A decision tree could be beneficial in choosing the right shipment method, the right plane to fly on, or the right model of an item to buy. Decision trees can also be useful to see what items to invest in or…[Read more]
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Vivek Patel commented on the post, Weekly Question #1, on the site 6 years, 3 months ago
What I found interesting was “we are currently preparing students for jobs that don’t yet exist using technologies that haven’t been invented in order to solve problems we don’t even know are problems yet.” There is more data out there than we know what to do with. For that reason I believe current or future business leaders need to be opened…[Read more]