As the annual SAP Business One user’s conference approaches in just two weeks it is time to start planning your agenda. This year the Biz.One conference includes new ½ day workshops on Wednesday which are sure to provide more in-depth learning than ever before. There is also a demo theatre where you can get group presentations of the latest third party solutions. This makes Biz.One a greater value to companies looking to maximize the value of their ERP investment.
With the ever increasing compute power and improved business management software, companies have more access to data than ever. Successful companies turn data into insights and insights into action.
As a small business owner or a mid-sized business manager you already have enough on your plate to have to deal with cyber security issues. Unfortunately, recent statistics show that 61% of small and medium sized businesses suffered a Cyber Attack in 2017, up from 55% in 2016 according to the Ponemon Institute. The same report noted that the average cost due to damage or theft of IT assets and infrastructure increased from $879,582 to $1,027,053. The average cost due to disruption to normal operations increased from $955,429 to $1,207,965.
For decades we have been talking about the ever increasing pace of change in business. Long term plans have shortened from 10 years to 3 years. Back in the 60’s we got Moore’s Law predicting that the power of computing doubling every year and it has solidified into our whole economy.
Change is inevitable. Even in what we once thought were some of the most stable industries, digital disruption is causing many companies to reevaluate their current business model and find ways to adapt to an ever increasing digital market. The following article lists 3 companies who have truly embraced digital disruption and became wildly successful. With Honey revolutionizing the digital coupon marketplace, Ethos making insurance as easy as a few clicks, and Zola re imagining a wedding registry online, these are excellent case studies to show how much of an impact digital transformation can make.
Less than one in five organizations are close to where they want to be by 2020 with their digital transformation. With digital disruption in the headlines of so many articles these days, businesses are at a crossroads of where they need to direct their future. 92% of companies believe that something needs to change. In this article, John Mancini of the AIIM global community breaks down the good news and the bad news of the digital transformation trend taking the world by storm.
You’ve heard of eCommerce, but have you ever heard of eGovernment? That’s right. The Philippines Department of Information and Communications Technology announced that they partnered with the Internet Society to develop the National ICT Ecosystem Framework (NIEF) 2022. They hope to transform the region into economic hubs and innovation centers to ensure that information and communication technology services are made available, affordable and universal for all citizens.
Peter Weil and Stephanie Woerner of the MIT Center for Information Systems Research put together a case study of how BBVA, a Spanish bank, faced digital disruption head on and transformed into one of the leading digital banks in the world. Within the article, they discuss the role of the CEO, and how important it is for business leaders to set a clear vision for their company’s future in order to be successful. When done right, the return can come in spades.
Digital transformation is not always easy. It’s essential for almost every business to undertake and starting your transformation journey is often the toughest part. Knowing the right tools for successful digital transformation is the first step. In this article, Terri Jones discusses some essential tools for anyone in the process of transforming their business. Tools such as code-free software and advanced integration can really help seamlessly allow your business to transform to meet your customers’ changing needs.
The construction industry is currently seeing a decline in the number of young minds entering the workforce, and with the integration of more technology, there is an increase in the knowledge required to run it efficiently. Unfortunately, the disconnect between the two is causing shortage of skilled labor in the construction industry, but now more firms are using technology as a powerful recruiting tool to help guide people to the workforce.