Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Crazy Eddie is an electronic company, which has been operated since 2002. Eddie, the CEO of the Megatron, asked Martha as head of the IT

Crazy Eddie is an electronic company, which has been operated since 2002. Eddie, the CEO of the Megatron, asked Martha as head of the IT department to compile a systematization of the company so that it can accommodate large amounts of data in the database of the company because, in the current era of industrial revolution 4.0, the presence of Big Data is both a challenge and a threat to the company. Martha plans to invest in the use of advanced technology that can improve data security and guarantee against data theft. Martha contacted Catherine as Head of the Finance Department to discuss budgets and costs that could be used effectively to implement the technology sustainably. After Catherine presents the available budget calculation and estimates the required spending according to the company's needs through forecasts for the next 5 years, Martha sees that Crazy Eddie's financial rate outlook has increased dramatically because it is capable to meet the needs of the company. and the market through the implementation of modern technology. After that, Martha with the IT team immediately discussed the required design and the party was contacted for support to meet the operating needs of the Crazy Eddie system.

QUESTION:

1. How long do you think it will take you to make the budget plan?

2. Explain in detail with the supporting factors as an element that is focused on improving the quality of the strategies formulated. Then write down and explain the risks that can occur along with prevention.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied International Finance I Managing Foreign Exchange Risk

Authors: Thomas O'Brien

2nd Edition

1947441280,1947441299

More Books

Students also viewed these Finance questions

Question

3. Can basic and secondary functions be separated?

Answered: 1 week ago