What's the Buzz on Smart Grids?
Individual Project Unit 1 MGMT305-1201A-09
Deborah Winnie
American Intercontinental University
Abstract
Today’s businesses are relying more and more on information technologies to be successful. This essay will answer the case study questions in regard to smart grids, the collaboration and innovation at Procter & Gamble, and just how much credit card companies know about us. Also the perils of texting will be discussed.
Individual Project 1 In order for businesses to be successful in today’s society, they must invest in information technologies. These technologies can be a very large investment for a company so managers must make smart decisions when choosing what is best for their company’s success. This essay will answer the questions for case studies in the textbook regarding smart grids, collaboration and innovation at Procter & Gamble, how much credit card companies know about their customers, and the perils of texting.
What’s the Buzz on Smart Grids case study? Smart grids are different than the electricity infrastructure currently used in that a smart grid uses digital technology to deliver electricity from the supplier to the consumer. This use of digital technology saves energy, reduces costs, and is much more reliable. Because smart grids allow information to flow from the consumer to the electric providers, better decisions can be made by both parties regarding production, consumption, and pricing. Another difference is that smart grids are able to quickly and precisely detect the source of power outages. One of the issues that should be considered when developing a smart grid is the cost. According to Laudon & Laudon (2012), estimated costs are running as high as seventy-five billion dollars and the cost of each meter is estimated to costs between two hundred fifty to five hundred dollars. Before spending this much money, energy companies must consider the consumer’s willingness to foot the bill. The privacy issue must
Deborah Winnie
American Intercontinental University
Abstract
Today’s businesses are relying more and more on information technologies to be successful. This essay will answer the case study questions in regard to smart grids, the collaboration and innovation at Procter & Gamble, and just how much credit card companies know about us. Also the perils of texting will be discussed.
Individual Project 1 In order for businesses to be successful in today’s society, they must invest in information technologies. These technologies can be a very large investment for a company so managers must make smart decisions when choosing what is best for their company’s success. This essay will answer the questions for case studies in the textbook regarding smart grids, collaboration and innovation at Procter & Gamble, how much credit card companies know about their customers, and the perils of texting.
What’s the Buzz on Smart Grids case study? Smart grids are different than the electricity infrastructure currently used in that a smart grid uses digital technology to deliver electricity from the supplier to the consumer. This use of digital technology saves energy, reduces costs, and is much more reliable. Because smart grids allow information to flow from the consumer to the electric providers, better decisions can be made by both parties regarding production, consumption, and pricing. Another difference is that smart grids are able to quickly and precisely detect the source of power outages. One of the issues that should be considered when developing a smart grid is the cost. According to Laudon & Laudon (2012), estimated costs are running as high as seventy-five billion dollars and the cost of each meter is estimated to costs between two hundred fifty to five hundred dollars. Before spending this much money, energy companies must consider the consumer’s willingness to foot the bill. The privacy issue must
References: Kanter, R. (2009). Inside procter & gamble’s new values-based strategy. Retrieved from http://blogs.hbr.org/kanter/2009/09/fall-like-a-lehman-rise-like-a.html Laudon J. & Laudon K. (2012). Management information systems: Managing the digital firm (Twelfth edition). Upper Saddle River, New Jersey. Pearson Prentice Hall Smartly does it. (2011). Retrieved from http://www.water -technology.net/features/feature118551/ TelePresence benefits. (n.d.) Retrieved from http://www.cisco.com/en/US/products/ps7060/benefits.html