Qualitative Blog

Big Data: A Boon to Business Intelligence

The purpose of the article is to show that collected data along with sophisticated software can be used to answer questions that have yet to be asked. Dashboards, Cubes and other data analysis tools can be used to trend and present data in ways that we have yet to consider. The current paradigm of financial and data reporting is backward-looking. That is, current models report on what has happened in the past. The idea is to get a current, “24-7” model that makes data and financial reporting current. This is important because if managers dwell on the past, they may miss what is happening now. “The purpose of computing is insight, not numbers.”

The findings of the article suggest that through BI (Business Intelligence), business decision-making runs through a top-down model (1 to 4) while reporting processes rely on a bottom-up approach (4 to 1).

• 1.    Scorecards & Dashboards
• 2.    Reporting & Analytics
• 3.    Storage & Integration
• 4.    Data Sources

The assumption is that the authors came to this conclusion through their experiences as managing principals at KPMG.

The implication for practicing managers is to embrace EIM (Enterprise Information Management) not only for what their needs are today, but what it can be for tomorrow. “The paradigm shift to data as a platform and analytics as a utility holds the potential of enhancing the IQ of an organization, enabling greater  agility and enhanced performance.”

Ohata, Michael & Kumar, Arun. Big Data: A Boon to Business Intelligence. Financial Executives. September 2012

About Me

Hello,

I am currently finnishing up my MBA program. I was pursuing  a Master in Accounting, but I found that the MBA will give me a wider view of the business world.

It is my fisrt time blogging, and it comes at the right moment, because my work place  just started its own blog.

For many years, I have been using a lot of information from blogs. I find blogs are very useful, but I did not have enough motivation to start blogging.

I hope that this blog will not be my last, and I hope to find the blogging passion that many people have all over the internet.

I think, it will a be a great tool to stay current in our respective field of studies or career. Also, for someone like me who is weak with typing, blogging will certainly increase my typing speed.

That's all about me so far. Thanks!!!!

Introductory Post

My name is Vivek Khandekar and I'm in the last semester of the dual focus MHA/MBA program. I currently work as a financial analyst for a large healthcare organization just outside the Texas Medical Center. Prior to joining UHCL, I worked as an actuarial analyst in downtown Chicago. 

I hope to gain insight into business in general at the conclusion of this course. I believe the structure of this course lends itself to a very thorough examination of the business world.

Consumer E-Commerce Dissonance: Innovating Without Alienating Before Information Overload

This article studied the internet users’ behavior with threat in respect to online privacy. Customers feel threatened for disclosing too much information while visiting webpage. This created customers dissonance along with e-commerce innovation. This study is important as e-commerce advanced tremendously in the twenty-first centuries. Consumers find the convenience of online shopping with the efficient good delivery to the doors. Online shopping with E-bay and Amazon are ones of the most popular website shopping activities. Consumers use internet tools buying household goods, commodities, banking and so on. For instance, on Black Friday, consumers could buy the clearance items through webpage and the items could be picked up from the stores upon paying. Multi million dollar purchases were made by online consumers on one single Black Friday. With the skyrocket e-commerce, consumers’ privacy needed to be protected.

The author suggests four hypotheses to be tested in the study (Cromer, 2011)

1)    Perceived online threat severity will have

a)      Positive relationship with adaptive behavior

b)      Positive relationship with maladaptive behavior

2)      Perceived threat probability will have a

a)      Positive relationship with adaptive behavior

b)      Positive relationship with maladaptive behavior

3)      Internet Self-efficacy will have a

a)      Positive relationship with adaptive behavior

b)      Negative relationship maladaptive behavior

4)      Privacy Response Self-efficacy will have

a)      Positive relationship with adaptive behavior

b)      Negative relationship maladaptive behavior.

For the result, it turns out that the first three and part (a) of fourth factor are all true except the last part of fourth factor. Adaptive behavior includes self-regulate their time spend on internet. Filing suit with government agency are one of the maladaptive behavior. (Cromer, 2011)

The implication of this article is how the managers should not share any customer information with third parties. They have to earn the trust of consumers so that consumers feel protected. For instance, E-bay consumers are protected while buying goods from E-bay websites under E-bay Protection Fraud. E-bay has achieved the goal of protecting the consumers by using Pay-pal. E-bay consumers have to pay with Pay-Pal.  Pay-pal has earned the trust of the online consumers as the organization has the reputation of not sharing information with any other party. Customers feel safe when they disclosed banking information to Pay-pal. Managers have all the responsibility of protecting the customer private information. It is to ensure the continuation of progressive development of E-commerce

Cromer, Cory Taylor. “Consumer E-Commerce Dissonance: Innovating Without Alienating Before Information Overload”, Journal of Marketing Development and Competitiveness (2011) : vol.5(4) 11-21

Introductory post

My name is Lung Wong. My major is Master In Accounting. I will be graduating end of this semester. I worked in a property developer company as an accountant for five years from 1994 to 1998 in Malaysia, Asia. Since then, i stay home raising and nurturing my son. I plan to go back to business world upon graduating. From this blog project, i am eager to learn to express my opinions in public writing.