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Business Innovation

Steps to improve Indigenous Innovation in Ireland

Among the contributions of Joseph Schumpeter to economics was an understanding of long economic cycles, and how these are initiated by “clusters” of innovations (Schumpeter, 1939). Historically, there has been a remarkable coincidence between such clusters and legal changes which improve the protection of information. The institutional change that could stimulate the next long technological […]

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Business Funding Innovation

Horizon 2020 SME Instrument Explained

Small and Medium-sized Enterprises that are EU-based or established in a country associated to Horizon 2020 SME Instrument can get EU funding and support for innovation projects that will help them grow and expand their activities into other countries in Europe and beyond. It offers support under the section Societal Challenges and the specific part Leadership in Enabling and […]

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Business E-Business

Order fulfillment and Logistic Process

Order fulfillment and Logistic Process is an integral part of supply chain. To ensure it to b success, you have to: Making sure the customer will pay: Depending on payment material and prior arrangement, the validity of each payment must be determined. In B2B, the company’s financial institution may do this. In B2C, the customer usually […]

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Business E-Business

4 Key Terms in E-Business Explained

Supply Chain Integration is a close alignment and coordination within a supply chain often with the use of shared management information system. Supply chain refers to all inputs required to produce a product and fulfill a purchase. It is an effective and efficient way to maximize customer service index. B integrating processes of different links […]

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Business E-Business

Difference between Disintermediation, Re-intermediation and Counter mediation

This post details difference between disintermediation, re-intermediation and counter mediation. The short summary helps to provide a clear understanding. Disintermediation means to remove intermediation from the supply chain. With the advent of internet based shopping in the 1990’s the term became the buzzword signifying the elimination of middlemen as a result of direct to consumer […]

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Business Experience

Humans & Machines Ethics Canvas

Humans & Machines Ethics Canvas’s main goal is to make it as a guide for critical thinking throughout the ethical decision-making process. It acts as a value system and an ethics framework to assess the influence of machine learning and software development while developing a system for individuals , teams, and organisations . It helps the […]

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Business Data Analysis Resources

Dublin R El Dorado Competition

Quick Summary 5,000 data points with pseudo-geological information (including proven gold reserves). 50 (or more) new sites up for auction with limited data. Each team starts with $50,000,000.00 budget to bid with. Blind, sealed-bid auctions for rights to mine the parcel of land (min bid $100,000.00) Auctions happen in order by parcel_id Extraction costs are […]

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Business IT Strategy

Knowledge Management Models

“Knowledge is experience.  Everything else is information.” Einstein Knowledge Management (KM) is a process that helps organisations identify, select, organise, disseminate and transfer important information and expertise that are part of the organisations memory. The following theoretical Knowledge Management models have been developed in order to simplify complex situations which can be more readily grasped […]