Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. Insurance may be described as a social device to reduce or eliminate risks…

Cloud computing is a model for enabling ubiquitous, convenient, on-demand access to a shared pool of configurable computing resources. Cloud computing and storage solutions provide users and enterprises with various capabilities to store and process…

Enterprise Resource Planning (ERP) is a process by which a company (often a manufacturer) manages and integrates the important parts of its business. An ERP management information system integrates areas such as planning, purchasing, inventory,…

Radio-frequency identification (RFID) is the wireless use of electromagnetic fields to transfer data, for the purposes of automatically identifying and tracking tags attached to objects. The tags contain electronically stored information. Some tags are powered…

Data Warehouse and Data Mart – Comparison Data warehousing and Data mart are tools used in data storage. With the passage of time, small companies become big and this is when they realize that they…

Competitive advantage and Competitive Necessity – Comparison Competitive advantage is a business concept describing attributes that allow an organization to outperform its competitors. These attributes may include access to natural resources, such as high-grade ores…

The expert system is an artificial intelligence based system that converts the knowledge of an expert in a specific subject into a software code. This code can be merged with other such codes (based on the…

WAP (Wireless Application Protocol) is a specification for a set of communication protocols to standardize the way that wireless devices, such as cellular telephones and radio transceivers, can be used for Internet access, including e-mail,…

WiMAX (Worldwide Interoperability for Microwave Access) is a wireless industry coalition dedicated to the advancement of IEEE 802.16 standards for broadband wireless access (BWA) networks. It is a technology standard for long-range wireless networking, for…