CH 2 Notes ERP
CH 2 Notes ERP
Benefits
The primary benefit of the relational database approach is the ability to create
meaningful information by joining the tables. Joining tables allows you to
understand the relationships between the data, or how the tables connect. SQL
includes the ability to count, add, group, and also combine queries. SQL can perform
basic math and subtotal functions and logical transformations. Analysts can order the
results by date, name, or any column.
Those features make the relational approach the single most popular query tool in
business today.
Flexibility
SQL has its a built-in language for creating tables called Data Definition Language
(DDL). DDL allows you to add new columns, add new tables, rename relations, and
make other changes even while the database is running and while queries are
happening. This allows you to change the schema or how you model data on the fly.
Reduced redundancy
Relational databases are transactional—they guarantee the state of the entire system
is consistent at any moment. Most relational databases offer easy export and import
options, making backup and restore trivial. These exports can happen even while the
database is running, making restore on failure easy. Modern, cloud-based relational
databases can do continuous mirroring, making the loss of data on restore measured
in seconds or less. Most cloud-managed services allow you to create Read Replicas,
like in IBM Cloud Databases for PostgreSQL.
Many database products implement the relational database model. They either use a
SQL database for processing or can at least process SQL statements for requests and
database updates. These databases range from small, desktop systems to massive
cloud-based systems. They can be either open source and internally supported, open
source with commercial support, or commercial closed-source systems. Here are a
few of the more popular ones:
MySQL
PostgreSQL
3. .What are the three types of database relationships? Give an example of each
The degree of relationship can be defined as the number of occurrences in one entity
that is associated with the number of occurrences in another entity.
1. One-to-one (1:1)
2. One-to-many (1:M)
3. Many-to-many (M:N)
1. One-to-one
2. One-to-many
3. Many-to-many
Even for companies already utilizing ERP, the conversation has shifted from the
initial benefits of the technology to whether a cloud-based system is an immediate
need. With this in mind then, what are the benefits of migrating to the cloud?
1. Reduced Cost
The lack of setup also means there is no initial balloon investment. Cloud ERPs run
on a flat-rate monthly fee with immediately operational software.
All of the costs we typically associate with system upgrades go out the window
when dealing with a cloud ERP.
2. Remote access
Employees can access cloud-based ERP platforms from remote locations with the
same ease as on-site staff.
If an employee is at a meeting or out of the office for a training day, they can still
give their boss an immediate answer about the quarterly report for example.
Staff can also benefit from having access to apps and updates as soon as they
connect. There is no VPN or slow remote portal technologies to slow them down.
The cloud also means universal access that isn’t limited by budget. There is no need
for the company to invest in special equipment or limit the number of users in the
system due to budget. Staff can access the cloud ERP from their personal devices or
from shared company devices with ease.
Cloud-based ERPs are innovative because they easily integrate with other operations
that make the business run smoothly.
Extracting data is simple when Business Intelligence (BI) programs can connect
with the organized data storage and user activity records available through an ERP.
There are built in analytics features too. Administrators and board members can do
information drill-downs for critical decisions. They can also bring up real-time
graphics and reports during a board meeting. All information is provided in real time
without needing to wait on periodic system updates.
The level of access to data is higher, BI capabilities are transparent, and the accuracy
of cloud-based ERPs is therefore higher in comparison to traditional programs.
4. Heightened security
Last but not least, cloud-based ERPs are forward thinking when it comes to security.
Cyber security measures are centralized and flexible for stratified permissions
controls.
The cloud offers secure gateways for remote access, document management systems
that prevent the download of sensitive data, and on-site archival of sensitive
information to avoid it falling into the wrong hands.
Document retention is built into the cloud so that companies can be sure that they
are compliant with government standards in their industry.
Security measures prevent data loss and ensure proper authentication of user access
to the system as a whole. Companies also have the option to give authorisation
permissions to file managers and leave IT administrators out of the HR equation.
With reduced costs and increased flexibility and security, the cloud offers more
advanced capabilities than other ERP formats.