MS Entrepreneurship

Transaction Processing System (TPS) Transaction processing systems (TPS) are the basic business systems that serve the operational level of the organization. A transaction processing system is a computerized system that performs and records the daily routine transactions necessary to conduct business. Operation information is concerned with daily routine tasks and activities. Taking orders, paying bills, selling products, clearing cheques etc. are the daily activities performed in different organizations. Organizations need information system to streamline these daily routine tasks. The information system used in this level of management is termed as Transaction Processing Systems (TPS). TPS is used to collect data that are produced on daily basis from the routine works. It has user interface, i.e., form with fields to input data to the system. It enables to store and arrange data in the format which can be processed by other information system easily. More than 90% of ...

RADIO-FREQUENCY IDENTIFICATION (RFID) RFID is an acronym for “radio-frequency identification” and refers to a technology whereby digital data encoded in RFID tags or smart labels are captured by a reader via radio waves. RFID is similar to barcoding in that data from a tag or label are captured by a device that stores the data in a database. RFID, however, has several advantages over systems that use barcode asset tracking software. The most notable is that RFID tag data can be read outside the line-of-sight, whereas barcodes must be aligned with an optical scanner. HOW DOES (RFID) WORK? RFID belongs to a group of technologies referred to as Automatic Identification and Data Capture (AIDC). AIDC methods automatically identify objects, collect data about them, and enter those data directly into computer systems with little or no human intervention. RFID methods utilize radio waves to accomplish this. At a simple level, RFID systems consist of three componen...

INTEGRATED IT SYSTEMS An integrated system is a system that has combined different functions together in order to work as one entity. An integrated system can be broken down into parts called subsystems, and each such highest-level subsystem can in turn be broken down into a finite number of smaller subsystems. The process can be continued until we reach the first-level subsystems, which are called the elements of the integrated system. The elements either are objectively incapable of subdivision or are regarded by agreement as indivisible. Thus, the subsystem is, on the one hand, itself an integrated system consisting of several elements (lower-level subsystems) and, on the other hand, an element of a higher-level system. For instance,  Daraz.com has powerful systems that can integrate information from many different functional areas and organizational units and coordinate firm activities with those of suppliers and other business partners. Advantages of integ...

WHAT IS ARTIFICIAL INTELLIGENCE?  The term “artificial intelligence” is loosely used to describe the ability of a machine to mimic human behavior. AI includes well-known applications, such as Siri, GPS, Spotify, self-driving vehicles and the   larger-than-life robots   made by Boston Robotics that perform incredible feats. In simple words, (AI) refers to use of robots and computer systems to make decision of expert nature and solve unstructured problems in an efficient way. EXAMPLES OF (AI)? 1.        China is using facial recognition to closely scrutinize its citizens who could be punished for certain transgressions. The country has been accused of using facial recognition to profile Muslims in its Xinjiang region. Recently, there were privacy concerns raised about  face app , the Russian-backed, face-ageing application.   2.       In an effort to save billions of dollars in labor costs,  ...