Professional Documents
Culture Documents
Answer 1
Enterprise resource planning
Enterprise resources planning system is the most important enterprise systems currently being
used. Enterprise resource planning system consists of four fundamental modules which are
manufacturing, finance and accounting, sales and marketing, and human resource.
They are as follows:
• Finance and Accounting Module: It include the following:
➢ General ledger accounting: Use for recording all the business transactions
occurring across the organization.
➢ Accounts payable and receivable: Data is pertained to vendor payments is
recorded, along with cash and monies received from customer.
➢ Asset accounting: It is used for mentioning data about transaction involved for
fixed assets.
➢ Funds monitoring: In these revenues and expenditures are monitored, and also
planning and monitoring g budgets.
➢ Governance and risk: Use for governing the organization’s regulatory
requirements. Through this the firm can compline their organization with
various laws and regulations.
➢ Overhead cost controlling: Organization can allocate, monitor, and assess the
overhead cost that has been incurred.
➢ Activity-based costing: Through this function, firm is allowed to charge
overheads to activities such as sales, operations and customer management,
and obtain an analysis of overheads.
➢ Profitability analysis: Organization can view profits from different product
lines and departments.
➢ Business planning and budgeting: Helps in observing dependencies between
profit and loss, and the balance sheet and cash flows, and create plans for
budgets.
➢ Cash managements: Helps in having a clear view of firm’s liquidity; both in
terms of current status and future flows.
➢ Credit management: Helps in having a clear view of credits allocated,
pending, management and control.
*************
Answer 2
Cloud computing is having access to various resources such as servers, applications,
development tools, data storage and many more. These resources are made available to the
firm and to its clients.
Cloud computing has various benefits which are as follows:
Resources
Pooling
Reduced
Scalability Setup Time
Elasticity Heterogeneity
Cloud
Measured
Computing
Ubiquitous
use Access
*************
Answer 3a
Smart City refers to the ICT infrastructure investment done by the city on the geographic
location which in turn improves not only business but the quality of living of its citizens.
Some key elements of Smart city are as follows:
• Sensing & Measuring: It is very important to understand, observe and record
everything of the city environment. Usually, the sensing is done with the help of ICT
that records and presents detail data about the same.
• Smart Transportation: Now a days traffic has increased, and the only reason is that
due to increase in population, people do need to travel across for work and other
purposes. Smart transportation can be brought to use by installing cameras on the
roads that will monitor the traffic and the same information will be given to the traffic
police who can then change the route so that there are no ques and there is free flow
of traffic.
• Smart Environment: It is essential to find ways in order to preserve the scarce
resources of the environment and it is essential to find ways to preserve water, air, and
land for our future generation. Some ways of preserving our resources are as follows:
➢ Water Conservation: Firstly, it is essential to monitor the amount of water that
is available, and it is done by measuring the water in our water bodies and by
installing pressure gauges or by monitoring through satellites. Cities are
encouraged to preserve and save water and not waste it.
➢ Pollution Control: Sensors are implemented to check the pollution and to try
and keep it in control. Sensors are installed in warehouse, factories and in
water to check the pollution growth and taking serious actions to stop the
pollution from growing.
➢ Energy Management: It is essential to conserve energy like fuels, power
supply and many more for our future generation and not replenish it. This is
the reason why checks are made to stop over consumption of the energy and
try and preserve it for our future generation.
• Smart Building: It is very important to construct the building which is environment
friendly as building consumes a lot of energy such as air conditioning, heating,
ventilation and many more and so it is important that the architect construct such as a
building which is good for our environment and does not over utilize our resources. In
smart city’s building, sensors are installed which keep a check on the power used and
sensors are installed in parking lots as well which specify how many cars are there
and how many free spots are available and where.
• Smart Living: ICT has helped in improving the standard of living and quality of living
of its citizen. In smart city, ICT is used to rate the restaurants, check maps, feedback
about a product which can be seen by everyone throughout the world, this has helped
people to see before planning which they might have regretted later.
• Smart Governance: Smart governance can be done by shifting to e-governance where
everything is available to the citizens of the country. Citizens can monitor and
understand various work of the government. This in turn reduce the tension and
miscommunication between the citizens and the government.
These are some of the key elements of smart city.
*************
Answer 3b
Importance of Smart City
Smart city is very important in today’s world, they have the following importance:
• More effective, data driven decision making: Through smart city, citizens take
effective decisions are researching as everything is available on the click of the
screen.
• Enhanced citizen and government engagement: By having e-government portal,
citizens are fully aware of all the decisions taken by the government, and it reduced
misunderstandings.
• Safer communities: The smart city community is very safe as everything is ICT
related and people can constantly monitor or if any crime takes place culprit can be
caught quickly.
• Reduced environment footprint: The main purpose of the smart city is to go digital
which helps in reducing the footprints and preserving our scarce resources.
• Improved transportation: In smart city, transportation facility is improved as people
can call the cab service or check the reliability of the driver by a click on their screen.
• Increased digital equity: Providing citizens with high-speed internet and various other
digital resources helps in making lives of citizens easy.
• New economic development opportunities: In smart city, people constantly do detail
research before investing which in turn results in grabbing the new economic
opportunities coming in the way of the people.
• Efficient public utilities: The public utilities are of good standards as citizens can
easily find the material from which is made.
• Improved infrastructure: The buildings and other infrastructures are improved and are
in accordance with the smart city.
• Increased workforce engagement: In smart city, citizens have a positive work
environment as the burden of manual task are removed and everything is shifted
digital.
These are some of the importance of smart city.
These are some of the challenges that are faced in the smart city.
*************