Changes can help a business to avoid fraud and theft

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changes can help a business to avoid fraud and theft Principle of least privilege – a policy that suggests ways to avoid fraud, abuse, and theft, that employees are given only enough access in order to complete tasks within their job. Labeling convention and Auditing – tracks which staff accessed, modified, delete information or revisions, etc. Data governance – the overall management of data to ensure availability, usability, integrity, and security. Data management for business optimization: Online transactional processing databases (OLTP) are used to gather transactional or operational data in real time. Textual databases, or that which contain text resources such as social media messages and email, are mined for sentiment analysis. clickstream applications create non-relational databases which are mined to understand customer behavior and improve customer intimacy.
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CONTINUED Amazon Web Services —uses a number of non-relational database types, from Oracle noSQL to SimpleDB to analyze data from multiple locations in order to maintain cost, reliability, and flexibility. Hosts the DB on the cloud where data can be queried via web server request and the system does the rest. Microsoft SQL Azure —A cloud-based version of SQL Server that provides high availability due to mirroring in multiple locations and storage and retrieval of both structured and unstructured data. Hosts the DB on the cloud where data can be queried via web server request and the system does the rest. Popular analytics applications: Customer Relationship Management - uses various data to identify customer patterns in order to personalize deals based on customer shopping trends Supply Chain Management - Data collected from the supply chain channels are analyzed to assist executives in making ordering, pricing, and inventories decision. Health Analytics Tools smartphone application created to keep track of owner’s health or exercise stats.
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CONTINUED Other computer aided functions: Energy Management Systems (EMS) computer aided tool or AI that helps businesses and/or homeowners track and analyze electricity consumption to monitor or control or automate changes. Example: Google Nest Geographic Information Systems(GIS) – a system used to capture, store, manipulate, or capture data location, crime, taxes, traffic, votes, and environmental life science, geospatial analysis that helps government administrators understand demographic trends, population density, attribute concentrations (e.g. poverty, crime, or disease outbreaks) to enable decision making.
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