Question: Now that you have completed your decision matrix, you will discuss your decision-making process and how you have used the matrix. For this discussion, you
Now that you have completed your decision matrix, you will discuss your decision-making process and how you have used the matrix. For this discussion, you should NOT post your matrix but rather use it as a tool to evaluate your business. In your initial post, address the following:
Explain how you could use the matrix in a different business/technology scenario. Give an example.
What was the most challenging part of applying this matrix to the final project?
What recommendations would you make to change your project, given some of the challenges you faced?
Possible Technology Solutions: Technological Requirement 1: Integrate online shopping Technological Requirement 2: Manage inventory and shipping Technological Requirement 3: Provide order status checking and online payment processing Technological Requirement 4: Facilitate collaboration internally and externally (with staff and customers) Technological Requirement 5: Manage customer contacts Technological Requirement 6: Provide reporting Technological Requirement 7: Manage the current brick-and-mortar processes (sales, payments, inventory, and customer contact) Overall benefits of this technology to the company Big data and knowledge management yes yes yes yes yes yes yes ability to integrate online payment and shopping among other business processes. Also, offers as chance to integrate the core business processes based on big data thus making strategic decisions. Wireless, mobile computing, and mobile commerce yes yes yes yes yes yes yes ability to include the concepts of ecommerce thus improving online sales. Further, allows the business to make decisions based on the total sales made. Social computing yes yes offers a chance to facilitate online shopping as well as manage customer records. Cloud computing yes yes yes yes yes yes yes helps in the provision of a reliable approach for managing business transactions, operations and customer data. Business analytics and business intelligence solutions yes yes yes yes yes yes yes uses the latest technologies to make decisions on the best strategies to implement to achieve positive outcomes. Intelligent systems yes yes yes yes yes yes yes uses the concepts of business intelligence in defining the ultimate decisions made by the firm in the context. incorporates big data thus able to make strategic business growth decisions.
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