Ciaran Kavanagh - Digital Economy

 Welcome back to another blog! I feel like I am getting good at this thing now, I hope everyone reading these are still as interested as they were on week one 🤣. Today, I am going to be talking about Data, and if its a presents challenges to companies. I will be discussing this statement: ' Big Data  presents several potential ethical and social challenges'. What is big data? Well it doesn't have a specific definition but i t is usually associated with complex and large datasets on which special tools and methods are used to perform operations to derive meaningful information and support better decision making.  Sounds great right? so why would there be challenges when using or reviewing large sums of data? Let me break some down.  Discrimination & Bias    👥 When we look at data, we are of course looking at past information that has been collected, but what if that data had been collected from a bias point of view? This can cause people using the said...

 Hi, Welcome back to yet another blog, It's been a minute 🤣.  Following on from my last blog where I explained how it is difficult for companies to implement information systems, this week ill be talking about companies that used Enterprise Applications successfully to support their business model.  Amazon   💰 Amazon is one of, if not the biggest company in the world today and they used enterprise applications to completely reshape their industry. With the sheer amount of size of products and customers on Amazon's website daily, efficient enterprise applications are crucial to their success. Amazons employs a huge amount of enterprise applications to manage its supply chain, track delivery and establish a personalised customer experience, this leads to a vast selection of products, quick delivery and exceptional customer service. 📠 Ryanair  🚀 Ryanair is Ireland's most popular airline due to its low-cost business model 🪐. They achieve this model due to their...

 Hi! Welcome back to another one of my blog posts, hopefully my work is improving with each upload👀. Last week, I briefly mentioned that companies invest in Ireland due to the quality of the technological industry meaning they can implement the use of information systems. This week, I'll be looking into why for some companies the implementation of information systems can be problematic for their business.  Finances Of course a massive factor when installing information systems is the cost of it. The cost isn't just simply purchasing the systems, other expenses will be maintenance, upgrades, expansions and staff training. None of these will be cheap and companies will have to make the decision if the information systems are actually beneficial or detrimental to the company in the long run. This was seen in 2011 when GE poured billions into asserting itself into the digital software space, which failed in the long run and the CEO was forced out. 💸 Staff When a company installs...