Assessment Task 1

1. Describe at least two types of existing technology that can be used in knowledge and
information management.
Answer Webinars  A webinar is a sort of web meeting that considers joint effort and
communication between a moderator or have and their group of spectators. Online courses
empower the host to give an intelligent introduction, where two-way correspondence is
conceivable between all members by means of live visit, whiteboard or other installed highlights.
Online classes are unimaginably adaptable and valuable devices for exhibiting and working
together on data and undertakings. You can chip away at undertakings progressively without
groups being available in the equivalent physical area.
Information Profile: Within the learning entrance, every learning specialist can refresh and keep
up an individual 'information profile' which distinguishes his/her particular learning needs,
regions of premium and recurrence of circulation.
2. Describe an emerging technology that can be used in knowledge and information
management.
Answer Portable Technology is up front: Look around any coffeehouse nowadays, and chances
are you'll see at any rate a couple of individuals gazing at their cell phones or tablets. Versatile
innovation has turned into an essential methods for getting to the Web for both individual and
expert reasons. Cell phones set aside both cash and time, and subsequently, versatile
innovation and KM programming will before long be indistinguishable.

Staff individuals need access to an association's learning the board framework (KMS) while
they're in a hurry. Merchants are ensuring that their social intranet programming chips away at
cell phones and tablets without issue in light of this interest
3. Explain all of the following methods of analysis and their relevance to decision making.
Answer
a) correlation calculations
The correlation coefficient is a statistical measure that calculates the strength of the relationship
between the relative movements of two variables. The values range between -1.0 and 1.0. A
calculated number greater than 1.0 or less than -1.0 means that there was an error in the
correlation measurement. A correlation of -1.0 shows a perfect negative correlation, while a
correlation of 1.0 shows a perfect positive correlation. A correlation of 0.0 shows no relationship
between the movement of the two variables.
b) short to medium-term term and long-term trend analyses
Trend Analysis can be extremely valuable as an early warning indicator of potential problems
and issues with product line and service level changes that impact customers. If you see a dip in
the "mean" for a Continuous Variable satisfaction question after a particular "marketing event"
you can immediately start investigating the dip and explore causes of the decrease in
satisfaction levels. It can also be used to gauge response rates over time.
 c) probability assessment
Practically every business choice you make identifies with some part of likelihood. While your
emphasis is on recipes and factual computations used to characterize likelihood, underneath
these falsehood fundamental ideas that decide if - and how much - occasion connections
influence likelihood. Together, factual figurings and likelihood ideas enable you to settle on great
business choices, even in the midst of vulnerability.
d) regulation analyses
The analysis of laws, legislations and regulations in a country that are necessary to run
operations lawfully in a country
e) dynamic programming
Dynamic Programming is for the most part an enhancement over plain recursion. Any place we
see a recursive arrangement that has rehashed calls for same sources of info, we can
streamline it utilizing Dynamic Programming. The thought is to just store the consequences of
sub problems, with the goal that we don't need to re-process them when required later. This
straightforward enhancement diminishes time complexities from exponential to polynomial.
f) linear programming
Linear programming is a deterministic method to achieve the optimum outcome (such as
maximum profit or lowest cost) in a given mathematical model for a set of constraints.
g) queuing theory
Queuing theory is the numerical investigation of the blockage and postponements of holding up
in line. Lining hypothesis (or "queueing hypothesis") inspects each segment of holding up in line
to be served, including the entry procedure, administration process, number of servers, number
of framework places, and the quantity of clients—which may be individuals, information parcels,
vehicles, and so on
h) Simulation
The process of imitating a real phenomenon with a set of mathematical formulas. Advanced
computer programs can simulate weather conditions, chemical reactions, atomic reactions,
even biological processes. In theory, any phenomena that can be reduced to mathematical data
and equations can be simulated on a computer. In practice, however, simulation is extremely
difficult because most natural phenomena are subject to an almost infinite number of influences.
i) transportation methodology
The principle objective of technique means to improve the proficiency of developments by
recognizing their spatial requirements. These requirements can be limit, cost, time, natural
effects, yet more regularly in mix. It is therefore conceivable to distinguish important techniques
and strategies and give a few situations about their potential results.
4. Outline three key features of management information systems and decision support
systems
Answer
• Expected Based
• Future Oriented
• Integrated
5. Explain how risk management plans can be used in making decisions about actions to
be taken for a business.
Answer There are a few strategies used to survey, assess, or measure hazard so as to help
better basic leadership. Some of them are quantitative and some are progressively emotional.
They are altogether utilized in help human basic leadership. Hazard the executives is
characterized as "facilitated exercises to direct and control an association with respect to
chance. Hazard the executives is a significant hierarchical action used to distinguish and survey
potential dangers, and settle on fitting choices in light of, and to control, those dangers.