IT for Business Assignment 2022

Running head: IT FOR BUSINESS
IT for Business
Name of the Student
Name of the University
Author Note

1IT FOR BUSINESS
Table of Contents
Introduction................................................................................................................................2
PART: A.....................................................................................................................................2
Meaning of the word “processing” in data processing mean.................................................2
Meaning of the term “first mover”.........................................................................................2
PART: B.....................................................................................................................................2
Time-to-market......................................................................................................................2
Impact of ISs in time to market..............................................................................................3
Processing data digitally........................................................................................................3
Conclusion..................................................................................................................................3
Reference for question 1............................................................................................................4
Reference for question 2............................................................................................................4

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Introduction
Data processing is very much significant to improve the business processes which are
carried out in most of the commercial establishments (Dinh et al. 2018).
PART: A.
Meaning of the word “processing” in data processing mean
In data processing, the work processing indicates the state of action which can
produce new information from a given dataset (Sun et al. 2018). Different categories of data
are calculations conducted on the basis of the concept of data processing, this concept is also
very much useful to manipulate any kinds of data.
Meaning of the term “first mover”
In a contemporary business environment, first-mover is defined as the company who
aims to have an advantage of the other similar organizations in a market by being the first to
establish themselves (Hirose, Lee and Matsumura 2017). There are numerous examples
associated with first movers such as eBay (online auctions) and Amazon.com (books).
PART: B
Time-to-market
The total amount of time required to bring a product of contemporary business to
fruition is known as the Time to Market (Durmusoglu, Hirunyawipada and McNally 2017.).
It is very much significant to understand the exact time and place to roll out an industrial
product.

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Impact of ISs in time to market
ISs are very much beneficial to shorten the time to market, as a result, any
commercial industry can roll out a new product in a much appropriate position to have a
strategic advantage (Acar et al. 2016).
Processing data digitally
Most of the data are processed in terms of bits, and it is the fastest way to process any
type of data (Ibrahim and Fathy 2018).
Conclusion
Data processing is very much significant to enhance the business process. Ability to
establish themselves in a market is known as a first mover. Time to market can provide a
commercial association with a strategic advantage and it is shortened using the ISs.

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Reference for question 1
Dinh, T.T.A., Liu, R., Zhang, M., Chen, G., Ooi, B.C. and Wang, J., 2018. Untangling
blockchain: A data processing view of blockchain systems. IEEE Transactions on
Knowledge and Data Engineering, 30(7), pp.1366-1385.
Sun, W., Cai, Z., Li, Y., Liu, F., Fang, S. and Wang, G., 2018. Data processing and text
mining technologies on electronic medical records: a review. Journal of healthcare
engineering, 2018.
Hirose, K., Lee, S.H. and Matsumura, T., 2017. Environmental corporate social
responsibility: A note on the first-mover advantage under price competition. Economics
Bulletin, 37(1), pp.214-221.
Reference for question 2
Acar, Y., Backes, M., Fahl, S., Kim, D., Mazurek, M.L. and Stransky, C., 2016, May. You
get where you're looking for: The impact of information sources on code security. In 2016
IEEE Symposium on Security and Privacy (SP) (pp. 289-305). IEEE.
Durmusoglu, S.S., Hirunyawipada, T. and McNally, R.C., 2017. New Product Development
Process Implementation in a Business-To-Business Firm: The Driving and Moderating
Factors for Improved Program Performance and Time-To-Market. Journal of Business-to-
Business Marketing, 24(1), pp.35-56.
Ibrahim, R.S. and Fathy, H., 2018. Targeted and untargeted-metabolite profiling to track the
compositional integrity of ginger during processing using digitally-enhanced HPTLC pattern
recognition analysis. Journal of Chromatography B, 1080, pp.59-63.

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