Data Warehouse and OLAP: Key Concepts & Benefits
Data Warehouse
A Data Warehouse is a centralized repository designed to store large volumes of structured data collected from various sources within an organization. It is optimized for querying and reporting, providing a historical view of business operations.
Key Features:
- Subject-oriented: Organized around key subjects like sales, finance, or inventory.
- Integrated: Combines data from multiple sources, ensuring consistency.
- Time-variant: Stores historical data to track changes over time.
- Non-volatile:
Distribution, Retail, and Merchandising: Key Concepts
Distribution Concepts
Distribution Concepts:
- Supply Chain: Obtains materials, transforms them into intermediate/finished products, and distributes them to the consumer.
- Internal Logistics: Plans, implements, and controls the flow (back and forward) and the effective storage of goods, services, and related information from the point of origin to the consumption point.
- Value Chain: From raw material/design to the form of payment/delivery to consumer. (Firm infrastructure, HR management, tech development,
Influential Contemporary Architects and Their Design Philosophies
Influential Contemporary Architects
RCR Architects: Concept-driven architecture, deep study of environment and landscape, architecture as a response to place.
Glenn Murcutt: Australian architect, designs responsive to place, climate, and technology, harmonious integration with the natural landscape, legible and translucent architecture.
Lacaton and Vassal: Prioritizes adaptation to existing conditions, generosity, and social service. Breaks away from functionalism and includes nature. Focuses on materials
Read MoreE-Business & Digital Marketing: Benefits, Characteristics & Strategies
E-Business: Utilizing the Internet for Business Goals
E-Business involves achieving business objectives through the effective use of the internet.
Digital Media
Digital media encompasses electronic formats that function using digital codes via computers, cellular phones, smartphones, and other digital devices.
Digital Marketing
Digital marketing utilizes all digital media, including the internet, mobile devices, and interactive channels, to develop communication and exchanges with customers.
Benefits
Design Thinking vs. Rational & Creative Methodologies
Comparing Design Thinking Methodologies
Problem Recognition:
- Rational Model Cycle (RMC): Assumes complete problem identification and understanding. Relies on pre-selected experts, limiting cross-functional collaboration. Convergent, rational, and linear thinking. Partners and customers are not involved.
- Traditional Creative Cycle (TCC): Explores and immerses to identify problems or opportunities. Uses intuition and creative insight to recognize emerging issues. Convergent thinking, linear. Partners
Industry 4.0 vs 3.0: Key Differences & Advantages
Industry 3.0 vs. Industry 4.0
Industry 3.0
- Automation is key: Factories use machines controlled by computers, but people still make most of the decisions.
- Humans manually planned based on past experiences, aiming to optimize production through methodologies like lean manufacturing.
- IT systems are closed and focused on production, without connections to other parts of the company.
- Focuses on mass production.
- Objective: to save money.
Industry 4.0
- Interconnectivity is key: Machines, devices, and systems are