CIS8011 Digital Innovation Business Report

CIS8011 Digital Innovation Business Report

CIS8011 Digital Innovation Business Report

Assignment 2

Report on Concept Feedback

The evaluation of changing practices and revolution in business will require understanding of tools and technologies used in other organizations or industries for digital transformation. With advancement of business functions in ABC Ltd, the sustainable development can be retained hence it is a MNC for IT services and practices for customers like News paper organizations and retailing business firms (Deeprose and Donna, 2002). It is observed that demand of controlling and monitoring e-business practices will have better control on demand of customers in IT services. With acquirement of outcomes for practices associated to transformation of information technology enabled practices and services for clients will have effective outcomes through research in News industry digital transformation system. It will provide base for transforming business practices to be revaluated with integration, systemization and efficient access. The risk associated to costing and operational planning can be managed through implementing pivot project and cost analysis.

CIS8011 Digital Innovation Business Report

Analysis and Discussion on Solution

The analysis of existing practices and required improvements in digitalization process will have effective outcomes for business in digital transformation of existing system. It is understood that planning for monitoring and controls of different actions and tools for business will have effective outcomes through strategies implemented in ABC Ltd. It is understood that pilot project is a format which creates initiation of tools and technologies involved in business through advancement of IT practices and management tools. For attaining the digital transformation in business of ABC Ltd. using best practices and processes of News paper industry, the effective solutions can be developed for security issues in ABC Ltd. With identification of success and failure factor in implementation of digital transformation, it is required to access needs of social media practices and understanding of different management characteristics. It is understood that tools and technologies involved in business will have effective outcomes for implementing pivot project which is an introductory stage for drastic transformation in data digitalization (Jiang and Katsamakas, 2010). It will have effective outcomes for technologies and tools involved in management business. With learning and developing different characteristics of business with stages of project management, the sustainable development in attaining digitalization needs will be fulfilled. It is noticed that changes and development in different characteristics of business processes for ABC Ltd. can be managed through planning which will evaluate concept of News paper digital transformation system and access the needs of changes required for project management. It is identified that several modification and implication to data integration with access of information into functional modules will help for installing digital transformation of management system (Zhu.et.al, 2006). The management of ABC Ltd. will require control on development of pivot project like planning, designing, implementation, monitoring processes. It will access the needs of transforming business processes with required changes in business. Through learning and understanding facts and figures of costing involved in each phase of project, the successful attainment of revaluating customer services and changes in business functions will be attained. The development of technologies involved in business will have effective outcomes through digitalization which will increase speed and efficiency in management operations (Patel and McCarthy, 2000). With acquiring needs of rebuilding information communication system with advanced technologies, the business will have positive outcomes for users. The employees and customers demand are required to be met for attaining demand in existing business system.

Each process of implementing and using digitalization transformation should be directed through objectives like technological integration in E-business infrastructure. The structure of detailed information is processed through setting remote and online access from database (Miller, 2014). With effective controls and monitoring demands in business processes, the tools and technologies for data tools will have effective outcomes in business processes. The solution for data security will be focused and implemented in strategic decisions for management operations involved in business. It will access security from firewalls, antivirus software, network monitoring tools and information access from digital practices.

Cost Analysis for Pilot Project Implication in ABC Ltd.

The cost models

There are some models which are specially developed for estimating and budgeting software development or changing existing business processes through drastic changes in e-business from IT organizations. The pilot project is implemented in an organization like ABC Ltd. which is willing to evaluate improvements through digital transformation of information stored in company database. While focusing on the changes through accepting demand of business functions and understanding requirements according through operations involved in cost-benefit analysis, the effective outcomes can be evaluated using cost models like parametric and cost estimation model. It is evaluation of positive or negative impact of pilot project which affect direction of sustainable development for business. The estimation theory is accessed through algorithm based calculation of costing and project phases simultaneously for successful implications. With cost estimation model, each section of digitalization pilot project will transform physical data in more secured format within cost effective practices.   

Costing elements

The financial decisions and management functions are required consideration of each processes involved in pilot project through which cost can be controlled for decides budget. The cost elements are identified as the direct and indirect expenses which are occurring on implication of pilot project (Erratum, 2013). To evaluate cost of labour cost, designing and planning cost as well as implication of customer services demand for digitalization and communication can be made secured through cost effective investments. The indirect cost occurs through taxation, licensing, agreement making through employees and processes for security which takes investment alongside core functional practices in business. With identifying demand of management system, it is necessary to control and evaluate needs of services.    

Association of pilot project with costing practices

It is observed that demand of different electronic transformation of data and information associated to pilot project in ABC Ltd. can be effectively manage through evaluating costing models with cost elements which will have effective outcomes for managing cost incurring elements. With evaluation of different practices associated to management, it is understood that changes will require in planning and development of pilot project through cost-benefit analysis which can be seen from below tables. 

Table 1: cost estimation for pilot project in best case

Use of resources

Cost

human resource

$10000

designing tools

$15000

technological platforms for IT

$25000

database system

$15000

Communication system

$25000

Security system

$15000

Total

$105000

Table 2: Cost estimation in Medium case

            Medium case

Resources

Cost

human resource

$12000

designing tools

$18000

technological platforms for IT

$30000

database system

$25000

Communication system

$28000

Security system

$12000

Total

$130000

Table 3: cost estimation in worst case

Worst case

Resources

Cost

human resource

$15000

designing tools

$25000

technological platforms for IT

$35000

database system

$25000

Communication system

$30000

Security system

$25000

Total

$155000

It is noticed from cost estimation through software development estimation model, cost estimation and parametric model that there are three cases in which costing of pilot project implementation is varying in range of best, medium and worst. So it is evaluated that software development cost estimation model is found perfect for planning and development in digital transformation practices with retaining quality and demand of data security (Hasted, 2005).

Future Dimensions and Development

After implementing pilot project of digital transformation, the information associated to business system will have effective outcomes for managing future requirements. The basics and best practices of pilot project will be successfully managed by planning done by accessing scope of development as per requirements and advancement of business industry. The consumer behaviour and management practices will be involved in development on the basis of evaluation outcomes after implementation of pilot project.

References

  • Deeprose and Donna (2002). Project Management. Capstone Publication.
  • Erratum. (2013). Accounting History, 18(4), pp.569-569.
  • Hasted, E., (2005). Software That Sells: A Practical Guide to Developing and Marketing Your
  • Software Project.
  • Jiang, Y. and Katsamakas, E., 2010. Impact of e-book technology: Ownership and market asymmetries in digital transformation. Electronic Commerce research and applications, 9(5), pp.386-399.
  • Miller, S. (2014). Risk-Sharing, Vulnerability and the Global Financial Crisis. Economic Record,
  • 90(289), pp.220-235.
  • Patel, K. and McCarthy, M.P., 2000. Digital transformation: the essentials of e-business leadership. McGraw-Hill Professional.
  • Zhu, K., Dong, S., Xu, S.X. and Kraemer, K.L., 2006. Innovation diffusion in global contexts: determinants of post-adoption digital transformation of European companies. European journal of information systems, 15(6), pp.601-616.