Top-down and bottom-up approaches are methods used to analyze and choose securities. However, the terms also appear in many other areas of business, finance, investing, and economics. Generally, each can be quite simple. The top-down approach goes from the general to the specific, and the bottom-up approach begins at the specific and moves to the general.
Work Breakdown Structure (WBS): Top-down or Bottom-up?
Bottom Up vs. Top Down Investing Comparison
Bottom-up processing is an explanation for perception that involves starting with an incoming stimulus and working upwards until a representation of the object is formed in our minds. This process suggests that our perceptual experience is based entirely on the sensory stimuli that we piece together using only data that is available from our senses. In order to make sense of the world, we must take in energy from the environment and convert it to neural signals, a process known as sensation. It is in the next step of the process, known as perception , that our brains interpret these sensory signals. How exactly do people process perceptual information from the world around them?
Top-down and bottom-up are both strategies of information processing and knowledge ordering, used in a variety of fields including software, humanistic and scientific theories see systemics , and management and organization. In practice, they can be seen as a style of thinking, teaching, or leadership. A top-down approach also known as stepwise design and in some cases used as a synonym of decomposition is essentially the breaking down of a system to gain insight into its compositional sub-systems in a reverse engineering fashion. In a top-down approach an overview of the system is formulated, specifying, but not detailing, any first-level subsystems.
Louis, Mo. Digital transformation DX for short is a very hot topic right now. We can broadly define it as the practice of applying new digital technologies to deliver business improvements, such as transforming or automating work processes with technology like robots and mobile-connected devices; using analytics to drive better decisions; or using artificial intelligence to replace human interactions. DX can benefit virtually any business process — from hiring practices to customer and market research to planning and scheduling decisions. In industrial manufacturing, the biggest case I see for DX is improving the core business operation: the actual manufacturing process.