Moore's law was a very easy concept to understand this week. The Moore's law stated that the performance of a chip will doubles for approximately every 18 months. This means that you can purchase a computer twice as fast with the same price after the 18 months period. How do we know that this concept is true? Well, let's suppose that you bought a computer 18 months ago or 2 years ago and compare it to the computers in the store today. Notice that the computers in the store today may have higher RAM, or better hard drive than the one you have right now. The difference is caused by Moore's law; chip, computer, and technology today improve their performance over time.
Will Moore's law last forever? Some said that Moore's law can not continue to last much longer due to the three interrelated forces, size, heat and power. These three forces can slow down and stop the Moore's law because as the chip get smaller and smaller, the electrons will get tighter. As the electrons get tighter and tighter, more heat will build up and eventually destroying the chip. Scientists and inventors will need to find a way to cool down the heat to solve this problem.
Why is it important for us to learn about the Moore's law? Dr. Means pointed out several good reasons as to why we should consider Moore's law as a very important concept. It is important for us to learn about this concept because the changes that can impact towards our businesses. The rapid pace of the computer's world can impact the way a business needs to be function. As the business managers of the future, there are several questions we need to ask ourselves due to Moore's law. How long will my computer equipments remind useful? How is this going to affect my capital budget? How many maintenance cost? and lastly, how many training cost?
I found a funny video about the Moore's law in YouTube. Enjoy!!
Enterprise resource planning (ERP) is a type of enterprise application software built to integrates information from different types of business functions such as finance, HR, purchasing, customer relationship and etc, in an organization. The main purpose of the ERP system is to manage the flow of information and data between all the business functions of an organization and also the connections to outside stockholders. The ERP system system can also be use to measure and improve (analytic applications) the performance of business operations base upon the information it gathers. The ERP system can be very expensive and some companies spend millions of dollar to implement the ERP software.
There are many benefits for an organization to use the ERP system. It is more accurate when it gather information and data when using ERP. These date and information are also easier to access and manage. It is easier to measure and observe the performance of the operations of the organization. It can improves cost control and improves efficiencies through out the company.
It is very important for us to learn about ERP software because the companies that we will work for or our own company will most likely be using an ERP system. In the video lecture, Professor Olson gave us examples of how different types of ERP can have both good and bad effects towards different companies. We need to learn to distinguish what ERP software is best for the company to use to minimize losses.
This is a YouTube video that I found to explain more about the function of ERP software.
