Cloud computing is the delivery of IT resources when needed over the internet. Example: Google Cloud Cloud computer is a method by which remote servers are used to store files and run applications, rather than storing them locally. Cloud computing uses virtualisation which one physical server hosts many cloud servers. …

RBAC Role based access control This works by restricting system access to only authorised users. It’s an approach to implement mandatory access control or discretionary access control. It could be used to allow access to certain folders within a workspace. Pros Allows you to create hierarchies where managers automatically get all the…

The difference between sales and marketing. Marketing Promoting what you do Sales Selling what you do Measurable value of digitalisation to a business Business Sales and marketing Enhanced marketing research More oppourtunities for sales and marketing Sales/ecommerce global reach Opportunities for feedback on service (ratings) Digital analytics Operations Communication channels Instant messaging Email

PESTLE is often used as a broad fact finding activity. It helps by establishing external factors that could impact decisions made. PESTLE stands for: Political Economic Social Technological Legal Environmental How does each factor influence a business? Political factors Political stability Corruption Foreign trade policy Funding grants EXAMPLE There might be finding available…

Lean manufacturing, the manufacturing method that Toyota uses. Lean manufacturing A production process based on an ideology of maximizing productivity while simultaneously minimising waste within a manufacturing operation. The LEAN principle sees waste as anything that doesn’t add value that the customers are willing to pay for. Benefits Reduced lead times and operating…

Small ventures, DME and entrepreneurs can sell direct to national or international customers. Use of logistic partners No need for satellite units Business is sustained without need for local demand Reduction of intermediaries of costs No wholesaler or commission Supply direct from manufacturer JIT (Just In Time) manufacturing can be exploited Real time 24/7 management of business processes INTERMEDIARIES

Black hat, Grey hat and White hat hackers. There are three types of hacker groups. White, Grey and Black. The white hat hacker is the most ethical and black hat is the most un-ethical. White hat hacker A white hat hacker is an ethical hacker, or a security expert who specialises in penetration…

Ways a business can influence digitalisation The influence and impact of digitalisation within a business context and market environment. Consider: Brand differentiation Virtualisation Digital innovations Processes ad business models Contextualising customer behaviour Open standards Brand differentiation The difference between brands that may be similar. Now, with digitalisation it can be hard to…

The competition law ensures healthy competition An introduction The law aims to promote healthy competition. It bans anticompetitive agreements between firms, such as agreements to fix prices or to carve up markets, and it makes it illegal for businesses to abuse a dominant market position. You need to be aware of the…