available in the future. As such, they can focus on ways to exploit the future opportunities and ways to mitigate the expected risks. In this paper, the focus will be on two futuring techniques namely polling and modeling and simulation in life sciences. The paper will also explore the application of the two techniques to a SWOT analysis opportunity. Polling and modeling/simulation are futuring techniques that are attracting attention in recent times. Polling is a technique that involves consulting experts in a particular field to develop an understanding of the future projections in that field. Consulting experts has been practiced since time immemorial to obtain trustworthy or expert opinions on a subject matter. Often, experts have the relevant knowledge needed as they have practiced in a particular sector or life science for a long time. Although it might be difficult to get the appropriate experts willing to assist in future analysis, it is worthwhile to endeavor in the search. Developments in the acquisition of experts have led scientists to create a polling process known as Delphi pollster. The process contributes to validity and reliability of experts’ contribution by keeping their responses anonymous and separate to reduce social influences (Cornish, 2014). Modeling and simulation involve creations to represent something else and actions that represent other actions. As such, models and simulations work concurrently to provide future projections. Models such as…
Each of these layers can be seen as a thinly sliced horizontal cross-section of the eventual object” (3D Print). The process starts by creating a virtual design of the object. The virtual design is made using a 3D modeling program in a CAD (Computer Aided Design) file. Another way the process can start is by using a 3D scanner which makes a 3D digital copy of an object. 3D printing is being used to make individual objects, tailoring to a need rather than replacing the assembly line, therefore,…
their customers better. This business strategy is important as it provides the data they need to make predictions for the future and it gives them the ability to modify when results are affected. In order to take this strategy into consideration, firms must provide their insights about customers, adapt to business practices and engage with customers. If firms don’t use predictive information to change the future, then they are just wasting their time (Gualtieri & Curran, 2015, p. 2). There are…
1.0 QUESTION 1 Differentiate between database management system and information retrieval system by focusing on their functionalities. DATABASE MANAGEMENT SYSTEM INFORMATION RETRIEVAL SYSTEM DEFINITION A software system that enables the computer to do the database functions such as storing, retrieving, adding, deleting, and modifying data A built-in user interface that carry the activity of obtaining information resource from a collection of information stored EXAMPLE Microsoft Access, MySQL,…
Answer: In this modern day, databases are based heavily on relational models in which tables are the fundamental building blocks. We may ask the question as to where ER comes in database design, its importance and the need for ER modelling in modern databases. In an attempt to answer these questions, we get to understand that ER is a high-level description of the proposed database, useful for understanding the requirements gathered from a client, in our case The Reproduction Antiques Company. It…
What is a relational database? It is a database that stores the information about both data, for example for a person detail that is link with their car details that they have bought it from the company. The data and relationships are showed in an entity which is in a flat, two dimensional tables. We would use a relational database in a company such as a car company so when they want to store their customers information and what car did they buy, they use a relational database which stores the…
According to (Connolly, 2003) the database is “A shared collection of logically related data, and a description of this data, designed to meet the information needs of an organization”. The Database Management System (DBMS) is software that enables users to define, create, maintain and control access to the database. The database has identified three levels of abstraction. All these three levels will have different aspects and they are as follows: • Physical or external level- The database…
The Relational Database Framework The collection of information provides access to the network of the data-processing system. The representation consists vital information of real-time events. The objective requires managing personal cognizant comportment for integrating vital information. The standard utilizer and application (APP) program interface to a relational database is the Structured Query Language (SQL) (Codd, 2003-2016). The APP retrieves and supplies the information from the graph…
appreciation, and reconsideration, but also be willing to replace those individuals subsequently identified as deterrents to success for the team (Westman & Bouman, 2005). Enrollment Projections, Predictive Modeling, and Territories Creating a method to track enrollment can provide enrollment managers a snapshot of projections for upcoming enrollment, and allow for more precise budgeting using the predictive model. Enrollment predictors can be created and tracked using simple software such as…
The theory of Continuous Auditing was established by Vasarhelyi and Halper (1991). Continuous auditing entails the real-time monitoring and analysis of the entire population of records. The premise of this methodology is based on the concept of “audit by exception” where deviations (e.g. control variances) are flagged as alerts and forwarded to the responsible parties (e.g. management, internal auditors, business owners) for investigation. Continuous auditing has evolved from an academic theory…