ITC540 IT Infrastructure Management PG Essay.

Strategic planning- is the company’s process of identifying the stated vision or goal and allocating resources to reach the goal. It involves strategically gathering and researching the current status of company and determining how it will impact the future of company. It is an organizational activity in which energy and resources are focused in common path.Supply chain systems- are the type of system in which resources are supplied to customers through a chain of people. It involves coordination between the companies and company itself. Better optimization of operations will maximize speed and efficiency. A supply chain system follows the low inventory. The products are supplied only when needed.  (Rouse, 2010, p.4)

Data mining is the innovative technology of converting raw data into useful knowledge. From the start of extraction to the end of the presentation, it includes five key elements. For example in my township, community members are willing to forecast the revenue for next year. They need to cover all elements to predict the revenue. Firstly, they will collect the raw data from previous years and load into warehouse. Manage it in relational form. Then the data is addressed to data analyst to look for the revenue generated in previous years. With the help of some application program analyst will generate result in simplified form like in the form of graphs. Thus, community members will have graph of revenue for different years to forecast it for next coming years.                              (Elmasri & Navathe, 2002, p.5)

To successfully run the business one’s company needs reserve stock level. It is very significant to the company. In enterprise resource planning reserve stock level involves how much stock is left and forecasting the need to generate more goods. From implementation of objectives to keeping low inventory all depends upon reserve stock levels. If the damages occur in warranty period it can be covered by reserve stock. Reserve stock level helps in maintaining capital and further problems like production of goods at peak demand can be avoided. Thus, reserve stock level is significant in system performance. (Anonymus, 2017, p.5)

1. FinCEN imposed penalty of $184 million and remedial actions on Western Union Financial Services, Inc. (WUFSI) for violations of anti money laundering rules.
2. FinCEN assessed penalty of $12 million against Cantor Gaming for violating anti money laundering terms of Bank Secrecy Act (BSA). (Hudak, 2017, p.5)
3. FinCEN imposed $1.5 million penalty on community bank for violation of BSA rule by failing to generate report of suspicious transactions.

With the use of data analytics many forms of frauds can be detected. It plays a significant role in crime detection. For a healthy transaction user can create a baseline to compare the real time transaction to point out the anomalies. User can analyze data related to fraud to know from where the fraud originates and targets which account for fraud. Analyzing errors will help customers from attackers. With real-time analyzing of data can stop on going fraud transaction. Anomaly detection helps in detecting the fraud before reaching its conclusion. (Tozzi, 2017, p.5).

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