5 Powerful Digital Solutions for Bringing That High-Tech Atmosphere to a Business School

Digital technology introduces a myriad of different ways for many kinds of institutions to better communicate with their market as well as streamline their processes, and one of the types of institutions we’ve really seen embrace this is educational institutions. But nowhere is that more apparent and effective than a business or finance school. The reason is because a business school needs to create that high-tech atmosphere so when students and members of the public walk on campus, they instantly feel they are in an environment at the cutting edge of modern business.

So let’s look at 5 different ways we can harness this digital technology to bring that high-tech atmosphere into play.

1. Digital directory

One way to harness that appeal that really capitalizes on the resourcefulness of digital tech is a digital directory. These directories are set up to help people who may not be familiar with the campus find their way around. It shows them where they can find important campus locations or specific faculty members.

And a major benefit of this is it cuts down on the need for wasteful interactions with staff when they are not needed. Time saved is money saved, and that money can be diverted back into making your educational facility as effective as possible.

2. Digital Bulletin Board

Another great cutting edge solution is the digital bulletin board. These can be used to make announcements or display key information. But in the case of a business school, where we are really shooting for that high-tech financial atmosphere while we prepare students for the business world, it pays well to have the bulletin board also display live market data. It all goes toward your institutional “brand.”

3. Recognize Important Figures

Digital Donor Recognition Boards offer an amazing way to highlight key figures in your school’s success and further saturate your school in a high-tech aura. These types of boards can be used to recognize founders, donors, alumni?the choice is really yours. And the interactive nature of these displays allows users to find their own way through the display, as if reading a story about your institution.

4. Program Information

The essence of your school is really learning, isn’t it? And interactive digital signage is also great for displaying program information, where students can take a detailed look at what to expect from certain courses or different academic paths, using touch-tone technology to flip through the options of their choice as if turning the pages of a high-tech catalog. No paper needed…

5. Finance Lab

Finally, a finance lab offers an amazing atmosphere where learning can be brought to the max. A collection of different digital solutions can be used to put together the ultimate business learning environment, bringing your students right into the world they are preparing to enter and putting the world’s most high-tech finance tools right at their fingerprints.

This is really just the tip of the iceberg when it comes to the solutions digital technology can provide for business education facilities.

Beginners’ Guide to Business Intelligence Solutions

Current Condition of the Business Intelligence Tools Market

The sustained interest in Business Intelligence applications has driven large corporations, offshore software development centers as well as custom software development companies to focus on developing a wide range of Business Intelligence Tools suitable for each and every industry. The use of Business Intelligence tools in key industries from aerospace to iron and steel has also increased in recent years due to the uncertainty in global markets. Currently available tools including the Microsoft Business Intelligence software include numerous paid, freeware as well as open source and proprietary software, which are often customized by a custom software developer to suit the requirements of a specific client. Some of the additional categories of Business Intelligence Tools are discussed here and these constitute only a few of the business intelligence reporting tools commonly utilized by the enterprise.

Data Mining

Data mining combines key elements of statistics and computer science with the objective of identifying patterns in large data sets. Currently implemented data mining methodology includes various elements of database systems, statistics, machine learning and artificial intelligence to deliver actionable intelligence to managers, decision makers and data analysts in an enterprise. Apart from the analysis of the available raw data, additional operations performed by data mining process include online updating, visualization, discovered structure post-processing, complexity considerations, metrics to determine interest as well as data management. Data mining is distinct from information processing or large-scale data analysis as the process is based on “discovery” i.e. the detection of something new. As data mining deals with large data sets, various automated and semi-automated solutions are available to carry out the task. Data mining applications developed by any software development company focuses on performing the following tasks- anomaly detection, association rule learning, clustering, classification, regression as well as summarization. Current business applications include data mining in applications related to customer relationship management, determination of successful employee characteristics using HR department data, identification of customer purchase pattern by the marketing department as well as much more. Leading companies engaged in providing data mining tools for use in business intelligence reporting include Extra-Data Technologies, Clarabridge, Versium Analytics, emanio and Polygraph Media.

Data Warehousing

Data Warehousing in simple terms refers to any database utilized for reporting as well as analyzing enterprise data. The data in an enterprise is usually obtained from all over the organization including the HR, Marketing, Sales, Customer Support, Warehouse, administration departments. In some cases, the raw data may undergo a small degree of pre-processing prior to being used for reporting in a Data Warehouse. A traditional data warehouse (a warehouse operating on the extract-transform-load mechanism), houses the key functions by using separate staging, integration and access layers. The staging area stores all the raw data obtained from various enterprise-wide sources. In the integration layer the raw data stored in the staging area is integrated to transform it into a form suitable for analysis and stored in the data warehouse database. The data stored in the data warehouse database is arranged in hierarchical groups, which are accessible by the user through the access layer. Each data warehouse is often subdivided into data marts, which store subsets of the data integrated in the warehouse. The key objective of a data warehouse is thus to store data in a format suitable for analysis by the user using various techniques including OLAP and data mining.

The earliest data warehouses used by an organization were offline operational data warehouses. In these warehouses, the data was updated periodically (fortnightly, weekly or monthly) from operational systems and stored in a report-oriented format. In the next stage of data warehouse evolution, offline data warehouses came into existence. In offline data warehouses, the data was updated regularly from operational systems and the structure of the stored data was designed to aid the reporting process. The offline data warehouses later evolved into Online Integrated Data Warehouses, which updates the data in the warehouse in real-time by recording every transaction performed on the source data. Further evolution of data warehouses has resulted in the creation of the integrated data warehouse, which compiles the data obtained from the various departments of the enterprise to provide users with real-time access to actionable intelligence from all over the organization. Leading data warehousing solutions companies include Accenture, IBM, Igate and Infobright.

Decision Engineering

Decision Engineering is defined as a framework, which unifies various leading practices in the field of enterprise decision-making to improve the overall decision-making procedure by providing a structured approach. The decision engineering process is designed to overcome problems resulting from a “complexity ceiling” of the decision-making process. This “complexity ceiling” usually results from a mismatch between the complexity of a particular situation and the sophistication of the decision-making procedure being implemented. Decision engineering acts as a framework for providing advanced analytic techniques to a non-enterprise user while simultaneously integrating machine learning and inductive reasoning techniques to streamline the organizational decision-making procedure. The use of Decision Engineering as a business intelligence tool by enterprises is still in its infancy and further development would be required before decision engineering develops into a viable business intelligence reporting tool.

Reporting and Querying Software

Reporting and querying software are designed to provide users with access to the data stored on enterprise databases subsequent to submission of user-queries. Such tools are designed to provide a logical format to the available data sets to support enterprise-wide data accessibility as well as speed-up the organizational decision-support process. Currently, various open source business intelligence tools as well as commercial business intelligence reporting software are developed by software development companies all over the world. Some of the leading reporting and querying tools are mPower, Zoho Reports, Cognos BI, GNU Enterprise and JasperReports. Many offshore software development companies in India also provide customized versions of reporting and querying software to streamline the overall enterprise-wide decision making process.

Spreadsheets

A spreadsheet is defined as an interactive computer program, which allows the analysis of available information by use of a tabular format, which originated from the use of paper-based accounting spreadsheets. On a spreadsheet, users can modify the values in each cell of the spreadsheet and are now used widely by the financial sector as a replacement of paper-based accounting methods. The digital spreadsheets allow users to automatically calculate values after making modifications to the available data as and when necessary. Apart from the standard arithmetic calculation support, currently available spreadsheets also features support for a wide range of statistical and financial operations built into this commonly used business intelligence tool. Spreadsheets are probably the most widely used and easily available among a wide range of proprietary and open source business intelligence tools. The first spreadsheet introduced for a micro computer was Visicalc, which was overtaken by Lotus 1-2-3 at a later date. Currently Microsoft Excel, available as part of the Microsoft Office Package, is the leading spreadsheet solution utilized by enterprises all over the world.

VoIP Solutions Featuring Incredible Service

VoIP solutions are being utilised by people all around the world to make long distant calls. The users can make use of the broadband phone to terminate calls while also sending messages. The user-friendliness of the technology enables people to avail the services very easily.

With this technology, it is actually easy for people to make calls at a surprisingly low rate. The billing procedures are simple and users can actually pay their bills without having to visit offices personally. Bills can be paid online with complete authentication.

With the introduction of this technology, business has grown at a rapid rate. It is possible for people to use the system to make international as well as local calls at an amazingly low call rate. The business VoIP solutions serve as an uncompromising means to avail telephony services for professional requirements. The technology has all the latest features that make it possible for people to remain connected with people all the time, send messages and share files with others. There is also the facility of 3 way calling that is very beneficial for any sort of business to prosper.

Moreover, with the emergence of the VoIP solution provider the technology has reached every corner of the world. Now, it is very easy for people to get all the latest facilities with the service . People just need to have an internet connection for availing the services of Voice Over IP. The system can be accessed on computers, laptops and mobile phones.

The VoIP solution providers are available with both wholesalers and resellers. The resellers actually lease the services from wholesalers and that is the reason why they can provide VoIP phone services to the customers of their region. Thus the VoIP solution have reached every segment of the society with innumerable resellers coming into picture. The wholesalers play a dominating role as they provide free minutes to resellers.

Call centres rely on the business VoIP solutions for meeting their business needs. Such organisations have to make calls to clients frequently. It is necessary for them to make cheap calls and so they rely on this technology for call making. Calling at low cost is possible with this technology, as Voice over IP does not make use of long driven wires as in traditional forms. In fact, the technology is completely digital. That actually helps in delivering calls and messages at a surprisingly low cost rate. What VoIP does is that it converts voice signals to digital packets and that helps to send files, messages and voice in compressed format.

So, with this high speed data transference, it is actually possible for people make calls and indulge a number of people in conference calling. The 3-way conference is brought to use for this purpose. The users feel contended to make use of the technology for it a real boon for their business.

Detailed information about VoIP solutions and VoIP solution providers are available on the internet. People just have to surf through all VoIP related websites to get information about the service. They can also register with a service provider online in-order to avail the services of VoIP.

Business VoIP Solutions – Enhancing A Business’ Communication Lines

Communication forms an integral part of any business or a company. During the older days, most offices transactions and business processes relied on the use of folders, couriers, mail and other media for communication. Companies and business during those days have to go through the burden of having to use slow, inefficient, and costly modes of communication. There was no seamless integration between present communication platforms and tools, each of which had a unique function and capability. This has resulted into the inefficiency of the course of offices transactions and other business processes and into a ballooned cost of operations.

Companies and businesses today can now make use of a new and emerging communication technology called business VoIP solutions, which stands for Voice over Internet Protocol. VoIP makes it possible for transmitting voice communication services including voice, facsimile, and voice-messaging applications through the use of the Internet rather than the public telephone network. This technology converts analog voice signals to digital format and compresses and translates the signal into Internet protocol (IP) packets for transmissions over the Internet. This process is reversed at the receiving end.

This new technology can provide businesses with an efficient, flexible and cost-effective communication platform which can gradually reduce their operational costs. VoIP technology has helped many businesses in terms of communication efficiency and reducing operational costs. The introduction of this new technology has benefited a lot of businesses by reducing communication response time, which is vital in decision-making and acting upon instructions. The efficiency in communication and its being economical particularly with regards to monthly phone costs has forced a lot of companies to switch to VoIP solutions and abandon their traditional copper-wire telephone systems.

The cost for calls with VoIP solutions is cheaper as compared to regular phone calls. VoIP calls are charged depending on the amount of information or data that was sent over the Internet and not according to the duration when the call was connected to the telephone network. VoIP also provides free 3-way (or more) conferencing, caller id, automatic redialing,, and IVR, call forwarding features which are often being charged extra for by telecommunication companies.

VoIP can also perform tasks and services that a public switched telephone network cannot do. This communication technology is very handy and can be used in any location with a fast and stable Internet connection. It also capable of handling and transmitting numerous telephone calls over a single broadband connection even without the extra lines. The hassles of securing telephone connection using standardized protocols as well as the digitizing and digital transmission of calls which are the usual problems with using traditional phone lines, are being effectively addressed by VoIP. VoIP also enables for the integration of services that are only found through the internet, things like video chatting, messaging, or even sending files through the messenger program.