IT For Business: Telecommunication Network Fiber | Point Of Sale Advantages And Disadvantages Essay.

Discuss about the IT for Business for Telecommunication Network Fiber.

The limelight of this report is based on the case study of Bloomberg. The focus on this report will be done on point of sale and its advantages and disadvantages has been analysed. The benefits of using POs help in gaining competitive advantage. It also helps in making the business work effectively. Apart from that there are various telecommunication media and type of media is available that can be selected on the size of business.

Point of sale is an arrangement of software’s and hardware’s that is used for making the business operations work effectively. It takes care of all the transactions that happen in a business (Edwards,  Skoog, Babu & Dorogusker, 2016). It has replaced the old traditional methods that required lot of human efforts. There are various advantages and disadvantages offered by point of sale system.

Point of sale system helps in storing the information of all the instant transactions related to sale in the system. They allow companies to store their data packets in less space and also provide ways to store distribute and keep track of all the transactions. Point of sale helps in evaluating many important transactions that take place in a business (Dorsey, Henderson, Grassadonia,  McKelvey & Wen, 2017). The information analysed helps in assisting the sales of product. Point of sale help is a flexible approach as they provide automatic generated reports and removes the human efforts. The history of sale can be gathered to manage the present transactions. The deployment of system is easy and it also resolves the issue of data replication. The sale is monitored regularly thus also enhance the relation among customers. The maintenance and labour cost is very low as all the operations are completed automatically. It has made the working of businesses easy by making all the work automatic

It makes the business completely dependent on the system, so in case of failure of the system it might be huge loss to the business. It requires regular update otherwise it might lead to security issues. Some of the organisation work on web based point of sale system but it requires an internet connection to stay connected to the system. The customers might not access to the system if they do not have an internet connection. At time of hardware failure it requires at IT expert (Cunningham, et. al,  2015). The input and sale of a business increases day by day thus it is necessary to keep a backup and update the system on regular basis. The point of sale system also suffers from chances of hacking as well as leakage of information. Sometimes the information is transferred to the invalid users (Cunningham, et. al, 2015).

Advantage

There are many benefits of using point of sale system which help in gaining competitive advantages. The information gathered through this system also helps in making correct decisions. This gives assistance to achieve competitive advantage in the market.  It works by analysing all the products in an organisation then finding out the actual profit related to each product so that decisions could be made accordingly (Meagher, 2014). Thus a business using point of sale system enhances the profit by analysing the operation and expanding the services in the global market.

Centralized database offers various benefits to every organisation. They are beneficial for small businesses also. They provide easy ease to information and it is flexible to maintain and manage the data as so the information is stored at single location. The integration of information is very high as data is not repeated at multiple places that cause an issue of data redundancy. There are chances of fewer attacks as the data is stored at single server. The timeframe is another advantage of centralised database which helps in analysing the data in a proper manner. Management of centralised database is also easy as only single server need to be checked (Meagher, 2014). It is also easy at time of updating the data as changes need to be made at single location rather than at multiple places. It helps in achieving goals for a business as it keeps all the information secured from unauthorised users.

Managing the information helps in making decisions by considering all the transactions. It focuses on all the transactions and work on a data driven approach to make decisions (Kassem, Dawood & Chavada, 2015). It helps in analysing the system in a transparent manner so that decisions are made in order to improve the overall sale.

PoS have made businesses work effectively by providing larger target market increasing the revenue margins. The analysis of data helps in deciding what plans need to be designed like offering discounts and benefits. The data collected help in taking actions related to the back office as well as customer’s benefits (Hall,  Londero & Schlee, 2015). It also helps in achieving competitive advantage by making précised decision. The tracking of information is easy through PoS system and also makes effective promotions to gather more audience. It helps in analysing the stock so that orders could be made accordingly. Rather than using point of sale system if manual method would be used it will require lot of time and efforts.

Disadvantages

In present scenario manual methods are not recommended in business as it requires lot of time and efforts (Hall,  Londero & Schlee, 2015). Manual method is replaced by Pos system as they complete all the operations automatic and reduces the chance of taking wrong decisions. Point of sale system analyses the data in an effective manner and also reduces the additional efforts that are required by humans. Apart from the manual method is slow which in turn POS system is fast.

There are varieties of questions that could be resolved by using point of sale system. It resolves the query of businessman regarding which product stock should be increased and what marketing strategies need to be adopted to increase the sale. It also helps in dealing with the customer queries so that decisions could be made accordingly (Andratschke,  Alheid,  Allgäuer, Becker,  Blanck,  Boda & Guckenberger, 2016).

Point of sale system helps in collecting information so that decisions could be made accurate. The data related to the entire sale and transactions are gathered. It also provides information related to products and services that are offering better profit margins. This helps in making proper changes in the strategies (Lopez,  Kéfélian, Jiang, Haboucha, Bercy, Stefani & Chardonnet, 2015).

As seen in the case study of green house and nursing there are various telecommunications available (Robba,  Zammarchi & Grasso, 2018). The choice of selecting the best telecommunication media depend upon the type and size of business.

There are various options available like LAN, MAN and WAN. In point of sale system local area network is considered as a best choice. The reason for using LAN is its speed and size of the company (Bercy,  Stefani, Lopez, Chardonnet, Pottie & Amy-Klein, 2014). It is basically used for those organisations that are smaller in size. It is beneficial for small business as they have low financial sources and emphasis on making optimized use of all the resources.

The telecommunication media could be either wireless or wired technology. The wired technology is difficult to be implemented as it requires cable connections. On the other hand wireless connection has higher cost but it has high speed (Bercy,  Stefani, Lopez, Chardonnet, Pottie & Amy-Klein, 2014). It is difficult to maintain wired connections but it is more secure as compared to wireless network.

There are different types of risk associated with point of sale system but there are many ways that could be undertaken to secure the system (Teyeb,  Raaf & Zhou, 2014). The type of risk can be related to security, privacy and confidentiality of system.

POS system helps in gaining competitive advantage

Security- As the information is increasing day by day thus PoS platform is used to store large amount of data. Thus it is necessary to safeguard the information so that there are no chances of information being hacked.

Privacy- Most of the organisation is dependent on Pos system for their sensitive data thus it is necessary that proper access control is granted. So, that lack of privacy does not impact the goodwill of an organisation.

Confidentiality- The confidentiality can impact the performance of an organisation. There is huge number of sensitive data that is stored on the system thus proper encryption technique and access control is provided.

Conclusion

It can be concluded from this report that point of sale is important for businesses; in this report advantages and disadvantages of PoS system has been discussed. The benefits of centralised database have also been discussed. Additionally the telecommunication media that could be used has been discussed. There are various kind of risk associated with the system in term of security, privacy and confidentiality.

References

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Bercy, A., Stefani, F., Lopez, O., Chardonnet, C., Pottie, P. E., & Amy-Klein, A. (2014). Two-way optical frequency comparisons at 5× 10− 21 relative stability over 100-km telecommunication network fibers. Physical Review A, 90(6), 061802.

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Dorsey, J., Henderson, W., Grassadonia, B., McKelvey, J. M., & Wen, X. (2017). U.S. Patent Application No. 15/599,826.

Edwards, T., Skoog, L., Babu, A., & Dorogusker, J. (2016). U.S. Patent No. 9,424,721. Washington, DC: U.S. Patent and Trademark Office.

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Kassem, M., Dawood, N., & Chavada, R. (2015). Construction workspace management within an Industry Foundation Class-Compliant 4D tool. Automation in Construction, 52, 42-58.

Lopez, O., Kéfélian, F., Jiang, H., Haboucha, A., Bercy, A., Stefani, F., ... & Chardonnet, C. (2015). Frequency and time transfer for metrology and beyond using telecommunication network fibres. Comptes Rendus Physique, 16(5), 531-539.

Meagher, M. (2014). U.S. Patent No. 8,822,848. Washington, DC: U.S. Patent and Trademark Office.

Robba, M., Zammarchi, C., & Grasso, G. (2018). U.S. Patent No. 9,894,044. Washington, DC: U.S. Patent and Trademark Office.

Teyeb, O., Raaf, B., & Zhou, W. (2014). U.S. Patent No. 8,675,604. Washington, DC: U.S. Patent and Trademark Office.