Lending System
Accuracy,
Ability to reliably update data and take action on trigger events
Time it takes to manage the data time it takes to retrieve the data, make updates, ect.
Ability to share the data. and the time it takes to share the data. As an example someone in another office needs to know something about a customer. Now they would need to call you, wastes everybodies time. The person should be able to lookup the data in the amount of time it takes to dial the phone.
Answer:
* Training problems - the problems associated with training and advising people to be disciplined enough to maintain the maintenance system, i.e. to write the data into the system * Report acquisition problems - the effort associated with finding meaningful data and statistics in the system. * Registers and logs with good design are difficult. * Summarizing data and writing reports take lot of time. * cost- time is money and employees * * data duplication: the same data gets repeated over and over since the workers find it hard to keep track of the documents, information and transactions * * lack of security:since data is stored in filing cabinets it is freely available to anyone.if information falls into the wrong hands it can be used against the company and customers and can blackmail them. * * common errors:when entering data customers might have accidentally switched details and data since it is hand written. * inconsistency of data: there will be an unavailabilty for future use, since data might get misplaced during manual filing.so data wont be preserved properly for future use. * * repetition of work:if there are any changes to be made, the data will have to be entered again.at times the worker would forget to make the changes or forget that they had already altered it and might redo it again, its again time consuming. * * too much paper work: since eveything and every details is written down manualy in paper there will be too
Ability to reliably update data and take action on trigger events
Time it takes to manage the data time it takes to retrieve the data, make updates, ect.
Ability to share the data. and the time it takes to share the data. As an example someone in another office needs to know something about a customer. Now they would need to call you, wastes everybodies time. The person should be able to lookup the data in the amount of time it takes to dial the phone.
Answer:
* Training problems - the problems associated with training and advising people to be disciplined enough to maintain the maintenance system, i.e. to write the data into the system * Report acquisition problems - the effort associated with finding meaningful data and statistics in the system. * Registers and logs with good design are difficult. * Summarizing data and writing reports take lot of time. * cost- time is money and employees * * data duplication: the same data gets repeated over and over since the workers find it hard to keep track of the documents, information and transactions * * lack of security:since data is stored in filing cabinets it is freely available to anyone.if information falls into the wrong hands it can be used against the company and customers and can blackmail them. * * common errors:when entering data customers might have accidentally switched details and data since it is hand written. * inconsistency of data: there will be an unavailabilty for future use, since data might get misplaced during manual filing.so data wont be preserved properly for future use. * * repetition of work:if there are any changes to be made, the data will have to be entered again.at times the worker would forget to make the changes or forget that they had already altered it and might redo it again, its again time consuming. * * too much paper work: since eveything and every details is written down manualy in paper there will be too