In the last five years, devices on IoT(Internet of Things) has doubled. They are everywhere, from wearable fitness devices to your electrical appliances in the house, connected to your wifi and your mobile devices. All these devices are collecting data basis patterns of usage, frequency of use and persona profiles defining the behaviour and interests […]
When we face a problem, we calibrate available options to solve it, choose one and execute it. If we are amongst organized individuals, we might also assess cause and effect for each option for deciding. Making these organized individuals good leaders as they change their actions depending on the situation, making better decisions by adapting […]
We like to measure our weight, I.Q., or the quality of a product or a service. No matter how much our teams or we speak about quality, they don’t have a clear or unified definition of quality. “if you can’t measure, you can’t manage.” Measuring service/product quality allows you to find areas for improvement, assess […]
These past two years have been a frenzy, and the manufacturing industry underwent transformations and upgraded learnings. Manufacturers are in the midst of digital transformation, facilitating innovation, improving processes, and driving productivity. Distribution Management Systems are integral for consumer goods companies. Distribution management systems enable tracking the movement of goods, warehousing, logistics, and inventory management. […]
Businesses are increasingly determined to create a circular economy that leads to success by consuming existing resources. Innovation and creativity need inspiration. Reusing existing knowledge is crucial to creating new design and automation ideas. Organizations will need to evolve with this advancement or be left behind. All around the world, companies have seen turbulent changes […]
“In today’s scenario, business growth and providing value-adding services to the customer are synonyms. Digital Transformation has seen a considerable surge. In 2022, 31% of organizations plan to maintain their digital transformation, and 38% will spend even more. We all know Digital Transformation is not easy! High-Risk Endeavour (HRE) It results from a harmonious mix of […]
The uprise of pandemics made business organizations face immense challenges in responding to changing technological anatomy and handling the surge in demand of consumers for not only digital but a wide range of products and services globally. There is a constant urge to find solutions to business problems. From my experience, the right architecting of […]
The common belief is that the CFOs role is limited to handling treasury, audit, tax, and investor relations, controlling, budgeting, planning, and analysis. This hypothesis is similar to the Iceberg Illusion. However, we have seen a drastic shift in the CFO role recently. A McKinsey Global Survey confirms that demands include, but are not limited to, automating […]
Digital transformation is crucial for business survival. According to 2020 statistics from Gartner, 91% of organizations have initiated some form of digitalization, while 87% of senior business leaders feel digitalization is a priority. But transitioning to digital technologies and services is different for every enterprise. No cookie-cutter approach works. And only some deployments bring success. A McKinsey survey found […]
46% of SMBs in the U.S. don’t track their inventory or use manual methods such as excel spreadsheets to manage inventory. An effective inventory management system is an advantage that few would like to ignore. A kanban inventory system can give you that edge by ensuring companies maintain minimal supplies to reduce spoilage and prevent waste. Taiichi Ohno of […]