The Real-Time Enterprise: 1st Edition (Hardback) book cover

The Real-Time Enterprise

1st Edition

By Dimitris N. Chorafas

Auerbach Publications

368 pages | 77 B/W Illus.

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Hardback: 9780849327773
pub: 2004-11-15
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Description

Successful management teams can identify the cost and return derived from the implementation of new technology, and they can properly apply the technology toward gaining a competitive advantage. IT and business managers alike need a resource that enables them to prepare for future operating conditions, identify beneficial solutions, and use high technology to achieve organizational goals.

The Real-Time Enterprise analyzes the forward-looking implementation of IT within a business, focusing on how careful planning can improve efficiency while reducing costs. The book includes case studies that emphasize how the most profitable uses of technology are now the real-time response to customer requirements, and the accumulation of knowledge about markets and business partners.

Divided into four parts, the text begins by explaining how advanced information technology is a moving target, and why companies that want to benefit from it must set priorities and move quickly. Part II covers many recent developments in IT and its implementation, including smart dust and straight through processing (STP). Part III is made up of case studies that address specific application areas, including credit institutions, treasury operations, risk management, and approaches to replace office automation. The book concludes by exploring a series of prerequisites made necessary by advanced applications.

The Real-Time Enterprise provides a perspective on the deployment of strategic information technology, covering guidelines, advanced applications, and practical examples. It delivers a much-needed upgrade of knowledge and skills for IT professionals seeking to progress beyond traditional implementations.

Table of Contents

ADVANCED INFORMATION TECHNOLOGY

IS A MOVING TARGET

Technology and the Real-Time Enterprise

Introduction

Foresight, Insight, and Competitive Advantages

Reinventing the Functions of Management

Knowledge Navigation and the Real-Time Enterprise

Past Breakthroughs, Advanced Knowledge, and Efficiency

Strategic Planning, Technology, and Organization

Introduction

A Long, Hard Look Into the Future

Organization, Identification, and Fast Deliverables

Coordination Through Management by Objectives

Strategic Plans Should Account for New Technology's Impact

New Trends in Information Technology

Introduction

A Concept of Internet Ecosystem

Trends in Networked Sophisticated Applications

Back to Basics

Miniaturization and Sensing Technology

What Can Be Expected from Smart Dust?

What Is Meant by High Tech?

Introduction

Using High Technology for Business Survival

Extending the Current Technology's Frontier

Managing Information as a Product

R&D is Integral Part of High Tech Implementation

High Technology and the Virtual Company

STRAIGHT-THROUGH PROCESSING, REALITY ON-LINE, AND KNOWLEDGE MANAGEMENT

Straight Through Processing

Introduction

A Practical Example with STP: Continuous Link Settlement

Continuities and Discontinuities: in STP Implementation

Exception Handling and Straight Through Processing

Connecting STP to Enterprise Resources Planning

Cost and Benefit with Straight Through Processing

Reality Online as an Integrative Solution

Introduction

System Design for Reality Online

Reality Online, and Smart Cars

System Integration by the Swiss Customs Authority. A Case Study

Prerequisites for and Payoffs from System Integration

Likely Social Impact of Reality Online

Executive Information Systems

Introduction

Concepts Underpinning Executive Information Systems

Executive Information System Examples with BNP Paribas and

Wal- Mart

A Corporate Memory Facility. Case Study with Magellan

The Important Role of Visualization in Executive Information Systems

A Well-Designed EIS Is Always User-Centered. A Case Study

Client Information Systems

Introduction

The New Age of Retail

Prerequisites to the Design of a Client Information System

MIT's Virtual Customer and Accenture's Virtual Double

Implementing the Client Mirror

Using Customer Relationship Management Software

CASE STUDIES WITH REAL-TIME ENTERPRISES

Real-Time Applications in the Banking Industry

Introduction

A 21st Century IT Solution for a Commercial Bank

Real-Time and Realspace Applications by Top Tier Institutions

Bankers Trust: Repositioning in Right Side of Balance Sheet

Use of Expert Systems by the Deutsche Bundesbank

Taking an Integrated View of EIS and CIS

Real-Time Treasury Operations

Introduction

Pillars of Treasury Control. A Case Study

A Closer Look Into Assets and Liabilities Management

Crisis of Fund Management. A Case Study

Benefits from an A&L Acid Test

Challenges with Home-Host Financial Reporting

Real-Time Risk Management

Introduction

Organization, Technology, and Enterprise Risk Management

Uncertainties Connected to Credit Risk

Uncertainties Resulting from Market Risk

The Real-time Evaluation of Gains and Losses

Isaac Newton's Policy for Effective Control

Implementing Realspace Solutions to Replace Office

Automation

Introduction

Office Automation Must Be Upgraded with Real-Time Technology

Case Study on the Revamping of Office Automation

Cultural Change is Inevitable, No Matter Which Is the New System

Advanced Solutions Rest on Re-Engineered Real-Time Applications

Offshoring the Back Office and Real-Time Connectivity

PREREQUISITES TO REAL-TIME SOLUTIONS

Business Architecture for a Real-Time Enterprise

Introduction

Designing a Business Architecture to Promote Client Focus and

Innovation

Challenges a Business Architecture Must Overcome

The Interim Business Architecture of a Money Center Bank. A Case

Study

Converging Towards Implementation of a Realspace Environment. A

Case Study

Data Mining Anywhere, at Any Time, on Any Subject

Introduction

End Users and the Need for Real-Time Databases

Increasing Return on IT Investments through Data Mining

Improving the Sophistication of Interactive Database Access

Database Solutions and Quality of Service

Case Studies on Internet-Intrinsic Models

Introduction

Internet Technology Towards 2010

Internet-Intrinsic Business Models

Case Studies on Internet Use in Retail Banking

Rethinking the Horizon of Internet Retail Banking Services

Internet and the Securities Industry

End-to-End Deliverables through Internet Ecosystems

Introduction

End-to-End on the Internet

Time and Its Challenges

Virtue Is Knowledge Which Cannot Be Taught

Learning How to Do Internet Ecosystem Studies

Deliverables for the SMEs and the Virus Threat

Who Can Make Money on the Internet?

Business Continuity and Contingency Planning

Introduction

Management of Business Continuity and the Terrorist Threats

Learning a Lesson from the Law of Unexpected Consequences

Operational Risk Control, Contingency Planning, and Disaster

Recovery

Controlling the Company's Cost Structure through Technology

Subject Categories

BISAC Subject Codes/Headings:
BUS083000
BUSINESS & ECONOMICS / Information Management
COM011000
COMPUTERS / Systems Architecture / General
COM032000
COMPUTERS / Information Technology