IT Infrastructure Management Report: PG IT Terminologies Overview

This report provides a comprehensive overview of IT infrastructure management, focusing on key terminologies and their applications. It begins with an introduction to the importance of IT in modern business and then delves into specific terms such as Just-In-Time (JIT) delivery, E-Commerce, Software as a Service (SaaS), strategic planning, and supply chain systems. The report discusses the essential elements of data mining, the critical understanding of reserve stock levels in Enterprise Resource Planning (ERP), and the business risks faced by companies like Liberty Wines. It also explores the influence of IT infrastructure on competitive advantage, the benefits of server virtualization, and the challenges faced by FinCEN in data management and IT capabilities. Furthermore, the report examines the dependency of financial intelligence on data analytics and the importance of patterns and relationships to national security, concluding with the latest identified financial crimes.

IT Infrastructure Management PG
IT Terminologies
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IT Infrastructure Management PG
Table of Contents
Introduction......................................................................................................................................2
Discussion........................................................................................................................................2
Answer 1:.....................................................................................................................................2
Answer 2:.....................................................................................................................................4
Answer 3:.....................................................................................................................................4
Answer 4:.....................................................................................................................................5
Answer 5:.....................................................................................................................................6
Conclusion.......................................................................................................................................8
References........................................................................................................................................9
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Introduction
Nowadays, various new technologies have introduced in IT sector that are useful to perform
different activities that are related to both business purpose and for personal usage. These
terminologies have enhanced the proficiency of work and people are getting better business
results. The purpose of making this report is to emphasize on some essential terminologies that
have become so popular worldwide such as Just-In-Time, E-Commerce, SaaS, Strategic
Planning, Extranet etc.
Discussion
To use IT terminologies in an effective manner, their fundamental knowledge is required. I will
discuss basics about these IT terms in upcoming paragraphs.
Answer 1:
Just-In-Time Delivery
This terminology is commonly known as JIT. It is highly recommended to manage stock related
activities. All those companies that perform manufacturing tasks repetitively, they prefer to use
JIT terminology. Moreover, it is useful for decreasing holistic cost of inventory
(Investinganswers.com, 2017).
E-Commerce
It is the most effective and highly used terminology among people worldwide. It is used by
majority of people for online shopping and as well as business enterprises are also moving
towards electronic commerce for attracting most of customers (The Balance, 2017).
SaaS
SaaS is a cloud computing model that provides efficient cloud services to its users. It works as a
third party agent in case of host applications and make them available online to different users.
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SaaS model of cloud platform is easier to understand and maintenance of this model is flexible as
compare to other cloud models (SearchCloudComputing, 2017).
Strategic Planning
In every business enterprise strategic planning is considered to be important for implementing
various business activities effectively. This whole process of strategic planning consists of
direction, strategy and effective decision making for allocation of different resources.
Supply Chain Systems
This system relates to transfer of a product and service from suppliers’ side to customers’ side.
Besides this, it is hardwork of supplier to develop a feasible and appropriate supply chain.
DSS
Decision Support System is an effective decision making system which is helpful for business
enterprises to make critical decisions without any delay (Aliev, 2017).
Cloud Infrastructure
Cloud based infrastructure is effective and secured enough to manage cloud related services.
This infrastructure consists of some important components such as servers, storage and network
software and with the help of these components requirements of cloud computing model can be
achieved.
Web 2
Web 2.0 is the recent stage of online technology. Due to its more features, it is considered to be
better than previous versions of web technologies. The new extensive features of Web 2.0 are
availability of smooth and clear communication modes and connectivity of strong and reliable
network solutions (WhatIs.com, 2017).
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Extranet
This private network is used for sharing important business information or operations with
customers and suppliers in a secured way. Now, organizations can send their data online without
any worry about privacy and security of their information (SearchEnterpriseWAN, 2017).
Big Data Analysis
To evaluate large data sets that are commonly known as big data, this evaluation process is
implemented. Under this process, hidden patterns, market trends and unfamiliar correlations are
revealed. The management of Big Data is considered complex for some enterprises, so with
proper analysis solution can be found.
Answer 2:
Essential Elements of Data Mining
After analysis we got to know about essential elements of data mining that are useful for
statistical analysis. The most common elements of data mining are an appropriate question,
background, computers, data records and domain knowledge. Each elements has its own
importance in whole process of data mining. Here question is related to need of customer,
background is past facts about data mining and this process can be used for future predictions.
Furthermore, computers can be used to find best forecasters with proper combinations. On other
side, data records are maintained in a flat file that are used in future for decision making and to
perform different operations. To provide a better guidance for modelling a process, algorithms of
data mining work as a knowledge domain (Ifm.eng.cam.ac.uk, 2017).
Answer 3:
Critical Understanding of Reserve Stock Level in ERP
This function of ERP is related to supply of inputs that are kept reserve in some cases to manage
the situations in future when demand and supply fluctuates. Reserve Stock Level works as a
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buffer where large amount of inventory is stored to manage uncertain future. The critical factor
about this function of ERP that makes it difficult to understand are its complexity, difficult
maintenance and dynamic effects on operations (MBA Skool-Study, 2017).
Answer 4:
Business risk faced by Liberty Wines
In case study of Business Continuity, the main risk factor for Liberty Wines Company was
enlargement in overall size of company. Besides this, to provide IT related facilities more data is
required and gradually slow performance of IT systems that requires quick maintenance. This
risk factor is affecting productivity of employees and delay is found in their work due to lack of
efficiency in IT systems. Furthermore, inventory management functions and order processing are
also influenced by due to IT risk factors (Enisa.europa.eu, 2017).
Influence of IT infrastructure on Competitive Advantage
If I talk about impact of IT on competitive advantage of Liberty Wines Company then there is no
doubt to say that it puts positive influence. With usage of IT infrastructure, the cost has reduced
in case of power consumption, hardware replacements and improvement is also found in
flexibility and sustainability of backup system. New mobile apps have also contributed to
increased overall speed of business processes. Moreover, with the help of all these facilities of IT
infrastructure, the customer relationships of company has very much improved (Ecommerce,
2017).
Profits of Server Virtualization for Liberty Wines Company and its Environment
By using server virtualization into company, the number of servers has decreased. This results in
60% less consumption of power and air conditioning. The stock management and customer
relationships have also improved in company with the proper usage of server virtualization.
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Answer 5:
Problems of Data and IT that limit ability of FinCEN’s
The main data problem that is found in FinCEN’s Company is unpredictable quality and
standardization of data. Moreover, validation regarding deficiency of data is also found. In case
of IT, the crucial problem is regarding usage offline systems to report data. This leads to lack of
quick detection of emerging threats in IT field (I, & Eisenhauer, 2017).
Capabilities and Upgrades of IT required by FinCEN
The IT upgrades and capabilities are beneficial for FinCEN’s Company for appropriate
collection and analysis of data from variety of important resources. This data is further used by
law enforcement, federal states and regulatory authorities and it is delivered to them by company
itself. With the help of upgrading of IT, it has become easier for FinCEN to receive, process and
retrieve data in digital form. These all new modifications in IT has enhanced the customers’
convenience.
Main Factor of Dependency of Financial Intelligence
The key factor of dependency of financial intelligence is appropriate form of data analytics to
evaluate different types of relationships and patterns. With the help of these patterns, potential
illegal activities can be revealed (Prezi.com, 2017).
Importance of Patterns and Relationships to National Security
The assessment of patterns and relationships that are related to national security is necessary
because it increases the ability, pace of identification of money launderers and financers of
terrorist activities. Besides this, all causes of criminal activities are also found with the help of
national security patterns and relationships.
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Latest Identified Financial Crimes of FinCEN
According to business case study “Financial Intelligence Fights Frauds” it is found that recent
recognized financial crimes of FinCEN are concerned with money laundering. This problem was
also faced by another company Liberty Reserve and it was detected by FinCEN Company.
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Conclusion
In conclusion, I would recommend business enterprises to deal with IT terminologies effectively
because they can get better results. In this report, basic knowledge about latest terms have
mentioned which is required to start work with these terms. In modern era, it has become
essential for business enterprises to sustain itself in competitive market but it will be difficult to
perform unless they do not adapt emerging technologies. FinCEN and Liberty Wines companies
are examples that shows positive influence of IT technologies.
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References
SearchCloudComputing. (2017). What is Software as a Service (SaaS)? - Definition from
WhatIs.com. Retrieved 29 August 2017, from
http://searchcloudcomputing.techtarget.com/definition/Software-as-a-Service
Investinganswers.com. (2017). Just in Time (JIT) Definition & Example | Investing Answers.
Retrieved 29 August 2017, from
http://www.investinganswers.com/financial-dictionary/businesses-corporations/just-time-
jit-89
SearchEnterpriseWAN. (2017). What is extranet? - Definition from WhatIs.com. Retrieved 29
August 2017, from http://searchenterprisewan.techtarget.com/definition/extranet
WhatIs.com. (2017). What is Web 2.0 ? - Definition from WhatIs.com. Retrieved 29 August
2017, from http://whatis.techtarget.com/definition/Web-20-or-Web-2
Aliev, R. (2017). Hybris WMS/ERP Integration: Stock Levels and Reserves. hybrismart | SAP
hybris under the hood. Retrieved 29 August 2017, from
https://hybrismart.com/2016/10/02/2339/
MBA Skool-Study. (2017). Buffer Stock Definition | Operations & Supply Chain Dictionary |
MBA Skool-Study.Learn.Share. Retrieved 29 August 2017, from
http://www.mbaskool.com/business-concepts/operations-logistics-supply-chain-terms/
7353-buffer-stock.html
Prezi.com. (2017). Financial Intelligence Fights Fraud. Retrieved 29 August 2017, from
https://prezi.com/mwkngk-jnqvo/financial-intelligence-fights-fraud/
Enisa.europa.eu.(2017). Security certification practice in the EU - Information Security
Management Systems - A case study — ENISA. Retrieved 29 August 2017, from
https://www.enisa.europa.eu/publications/security-certification-practice-in-the-eu-
information-security-management-systems-a-case-study
I, & Eisenhauer, T. (2017). Intranets VS Extranets - What's the difference?. Axero Solutions.
Retrieved 29 August 2017, from
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https://axerosolutions.com/blogs/timeisenhauer/pulse/165/intranets-vs-extranets-what-s-
the-difference
The Balance. (2017). What Is Ecommerce? Are You Sure You Know? Retrieved 29 August
2017, from https://www.thebalance.com/let-s-ask-the-basic-question-what-is-
ecommerce-1141599
Ecommerce. (2017). Entrepreneur. Retrieved 29 August 2017, from
https://www.entrepreneur.com/topic/ecommerce
Ifm.eng.cam.ac.uk.(2017). JIT Just-in-Time manufacturing. Retrieved 29 August 2017, from
http://www.ifm.eng.cam.ac.uk/research/dstools/jit-just-in-time-manufacturing/
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