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Students are required to prepare and present Business Requirement specification to determine the effectiveness of business intelligence and knowledge management for their case study project.
A. Develop an appreciation of the key issues facing the adoption, implementation, use and management of BI technology in contemporary organisations.
B. Show familiarity with significant research in the area.
C. Develop critical thinking skills, through identifying, analysing, evaluating and developing arguments, which illustrate thoughtful appreciation of BI issues.
D. Develop the ability to relate and apply critical issues in BI including adoption, implementation and use to a particular context and industry.
Introduction
From the Internet of Trains case study, it's evident that the performance of Siemens company has been greatly boosted by the use of sensor data. The sensor data helps the Siemens Company to keep the train operators on track, and this has helped to reduce the cases of train failures. Although the cases of train failures have been greatly reduced, there are still some needs which are yet to be addressed adequately. Siemens has concentrated so much on addressing the train failures which result from the engine problems and has neglected the other problems and failures which result from other components and systems of the trains. This has made it very difficult to have a 100% control and prevention of the problems affecting the train industry. Siemens has also neglected human error which is a major cause of some of the problems facing the train industry today. The human factor has not been addressed adequately, and that’s why we still have some safety problems among other human error-related problems facing the train industry (Walker and Stanton, 2017). It’s crucial for Siemens to consider the human factor and address it accordingly to reduce the cases of train failures and problems which result from human errors. Read More...
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Siemens follows distribution strategy of marketing in their business process.
The multinational brand believes in working collaboratively with its internal and external stakeholders. Customers, suppliers, and manufacturers are part of an integrated Made to order (MTO) supply chain. This strategy of marketing and distribution is unique to Siemens. It has also helped them deliver its products and services to the end customers without fluctuating the costs.
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Marketing Mix or the 4Ps of marketing for Siemens are
These 4Ps are the foundation of businesses. Analyzing these factors help organizations like Siemens to achieve business goals & objectives, and survive in the competitive industry.
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