Question 1: Choose and explain one type of knowledge management system (KMS). How can your chosen KMS provide value to an Organization? 75 words in length APA style. Reference all cited work on reference page.
Question 2: Describe the type of infrastructure an organization might need to support business intelligence and analytics for decision making purposes. 75 words in length APA style and reference all cited works.
Question 3: Choose an organization you are familiar with, and explain how they can be use predictive analytics to predict the future. 75 words in length APA style. Reference all cited work.
Knowledge management system
Information is a prime factor that determines a finding, therefore for a substantial influence of knowledge, a system that stores and obtains information is vital and essential. Training is one of the knowledge management systems that entail developing of oneself about the information and facts. Training is very much necessary in an organization especially to the new teams that have been recruited and the ongoing to enable them to get along with the policies and duties of the organization (King, 2009).
The types of infrastructure needed include the online analytical processing, the complex event processing, business performance management and others. Business performance management is a set of performance management and analytical processes that enhance the management of a certain organization to achieve some goals. It has three main activities the selection of the goals, the consolidation of the measured information that is relevant to the goals that have been set. And finally is the invention that is made by the managers that correspond with the information with the view of improving the future performance of the firm. This infrastructure type is very much essential for making decisions (Sahay & Ranjan, 2008).
The Martech medical products exist in the market to providing concepts through the production roles and support to the medical device companies. Therefore, the company can possible use the predictive analytic to identify and find out the future of the marketing process. This can be done when through the looking at the loyalty or the churn of the various medical services companies to predict their future purchasing power that is perhaps very essential for the existence of the business in the market (Érdi, Makovi, Somogyvári, Strandburg, Tobochnik, Volf & Zalányi, 2013).
Érdi, P., Makovi, K., Somogyvári, Z., Strandburg, K., Tobochnik, J., Volf, P., & Zalányi, L. (2013). Prediction of emerging technologies based on analysis of the US patent citation network. Scientometrics, 95(1), 225-242.
King, W. R. (2009). Knowledge management and organizational learning. In Knowledge management and organizational learning (pp. 3-13). Springer US.
Sahay, B. S., & Ranjan, J. (2008). Real time business intelligence in supply chain analytics. Information Management & Computer Security, 16(1), 28-48.