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Management
E-Business
September'07

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The Word of `Mouse'
Telemetry in Data Acquisition System
     
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EB - TheWordofMouse48

Organizations that are looking to extend the success they have enjoyed with Business Intelligence (BI) are the best candidates to go to the next level, and embed more intelligence into high-volume operational decisions. This discipline, which is known as Enterprise Decision Management (EDM), differs from traditional Bl in that it is focused on execution of decisions and actions rather than reporting. EDM uses business rules management systems and predictive analytics to automate and improve decisions for greater precision, consistency and agility. Adding EDM to Bl extends the value of analytics-driven insights, allowing businesses to make smarter strategic, tactical and operational decisions.

Scaling Strategies for Mission-Critical Search Applications

In most of the organizations, no single application facilitates the users to access all the required content regularly. In order to easily search a large amount of content, a search solution is required, which can securely index all the data repositories and can scale up to manage large amount of data whenever required. This article discusses scaling strategies for building flexible, high-performance solutions for the `mission-critical' search applications.

Preparing for Security : Event Management

-- Nick Hutton

The Security Event Management (SEM) projects are usually deployed by large organizations with a multi-vendor security environment. They are among the most complex and high profile information security projects undertaken nowadays. The article explains how to mitigate some of the risks and reduce the costs associated with implementation of SEM systems. It describes the methods and tactics for avoiding failure in large SEM implementations.

The Word of `Mouse'

-- Shirshendu Ganguli

The concept of Word of Mouse (WoM) or the Electronic Word of Mouth (EWoM) is a successful marketing strategy used over the Internet by many companies. It owes its origin to the `viral marketing' strategy initiated by Hotmail. In the current business scenario, the power of WoM cannot be ignored. This article discusses the concept of WoM in detail-its basic principles, strengths and weaknesses. It also throws some light on the concept of viral marketing.

Article Price : Rs.50

Telemetry in Data Acquisition System

-- Manish Dev Sharma and R M Belokar

The telemetry process involves continuous grouping of measurements (such as pressure, speed and temperature) into a format that can be transmitted as a single data stream. The telemetry system is independent of the location and time of measurement, as well as skill of the workers at the site of measurement. Once received, the data stream is separated into the original measurement's components for analysis. Telemetry is used for all sorts of different and diverse applications-from the Apollo missions to Formula 1 motor racing. It is essentially an automated machine-to-machine communication.

Article Price : Rs.50

Knowledge Process Outsourcing : Perspectives and Practices

-- Editors : N M Shanthi, E Naveen Kumar Reviewed by G P Mrudhula

Globalization has paved the way for increased competition among organizations in developed countries. This has led the organizations to outsource their support services to developing countries like India. Knowledge Process Outsourcing (KPO) has emerged as a major opportunity for developed and developing countries. This book provides an insight into the evolution of KPO and highlights the global and the Indian perspectives. It also discusses how growth in Information Technology has shifted the focus from Business Process Outsourcing (BPO) to KPO.

Microsoft's Strategy for Small Businesses: The Innovative PR Campaign for MS Office Accounting 2007

-- Rajiv Fernando and Debapratim Purkayastha

This case is about the innovative public relations campaign initiated by Microsoft Corporation (Microsoft) for its MS Office Accounting Express software - MS Office Accounting Express 2007 (OAE 2007) and MS Office Accounting Professional 2007 (OAP 2007), which were targeted at Small and Medium Businesses (SMBs). It discusses the accounting software market for SMBs as well as the competitive landscape in this segment. The case also looks at the reasons for Microsoft's strategic shift toward providing Internet-based software and services and its growing competition with Internet-based firms such as Google Inc., and Yahoo! Inc.

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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