economy

It is hard to find an industry or sector in the economy today that is not being disrupted by software. Download now to learn more.

The world we work in today has fundamentally changed towards a digital world. The digital highways that service businesses are creating greater and great amounts of data. In fact, manufacturing generates more data than any other sector of the economy.

Chaos theory suggests that seemingly unrelated events occurring thousands of miles apart may, in fact, be linked. Read “The Butterfly Effect” to learn how global organizations can address the threat of third party disruption in today’s economy.

In global, multicultural organizations, simply expecting all employees to speak one common language, such as English, marginalizes the potential impact of international talent and leaves monolingual staff ill-equipped to help the organization compete effectively in a globalized environment. In an increasingly global economy, U.S. companies will perform better by hiring individuals who can communicate in foreign languages and helping current employees develop language skills. Forbes Insights, in conjunction with Rosetta Stone, surveyed more than 100 executives at large U.S. businesses (annual revenues of more than $500 million) and found that language barriers have a broad and pervasive impact on business operations. The survey found that foreign language skills will be even more vital in the future and that language abilities can help executives advance their careers, speed overseas expansion, and boost corporate—as well as personal—success.

Keeping the pace of a data-driven economy means having an infrastructure that can scale with it. Research from Nemertes explains how the transformation happens.

Digital transformation (DX) is fundamentally changing enterprise resource planning (ERP) — allowing businesses to transform their decision making, which is enhancing their business outcomes significantly as we enter the digital economy. Digital transformation is an enterprisewide, board-level strategic reality for companies wishing to remain relevant or maintain or enhance their leadership positon in the digital economy. Digitally transformed businesses have a repeatable set of practices and disciplines that are used to leverage new business, 3rd Platform technology, and operating models to disrupt businesses, customers, and markets in pursuit of business performance and growth. DX is driving businesses to rethink their technology strategy, and that includes moving beyond their legacy ERP and back-office systems.

Technological advancements are driving the need for CIOs to adapt and elevate their skill sets. In this article, we look at what it takes to be an effective and successful CIO in today’s rapidly automating, data-driven economy.

This joint research product between IndustryWeek Custom Research and Kronos shines a light on manufacturing strategy, management practices and investment priorities over the next five years and beyond. While U.S. manufacturing employment has declined over the past 25 years, the future outlook is bright. Taken alone, the U.S. manufacturing sector would be the ninth-largest economy in the world, according to the National Association of Manufacturers.

There are obviously a variety of choices open to you: a spreadsheet plug-in may be appropriate if you are only focused on general ledger reporting and do not have concerns over security or compliance. You might also suppose that this is a low-cost option, though we would argue that the remediation required, the additional audit fees and the lack of repeat-ability means that this is a false economy and that this approach will end up costing you more in the long term. A second use case would be where you already have a financial reporting solution installed, when the add-on facilities for purposes such as business intelligence are likely to be your major focus. In this case an Oracle-based solution is likely to be as good as anything else.

With today’s customers demanding fast and seamless experiences, it’s critical that merchants’ payment technology evolve just as quickly. Read this guide to discover why payment is strategic to business operations today and how to master payment management to drive business success.

5 best practices for world-class zero-based budgeting A traditional budgeting process based on extrapolating the previous year’s spend fails to provide the detailed insight needed to achieve a material change in the cost base, particularly when line item expenses are already high-aggregated. But zero-based budgeting (ZBB) can—and that’s what’s driving its increasing adoption in these volatile economic times. Download this white paper to discover: • Benefits of implementing a ZBB process at your organization • 5 best-practice approaches to implementing ZBB • Tips for leveraging ZBB in your organization in today’s volatile economy

5 best practices for world-class zero-based budgeting A traditional budgeting process based on extrapolating the previous year’s spend fails to provide the detailed insight needed to achieve a material change in the cost base, particularly when line item expenses are already high-aggregated. But zero-based budgeting (ZBB) can—and that’s what’s driving its increasing adoption in these volatile economic times. Download this white paper to discover: • Benefits of implementing a ZBB process at your organization • 5 best-practice approaches to implementing ZBB • Tips for leveraging ZBB in your organization in today’s volatile economy

Improving customer service is among the top priorities for most businesses, and for good reason. Studies show that a 5% increase in customer loyalty can increase pro?ts by up to 95%. Also, acquiring a new customer is anywhere from ?ve to 25 times more expensive than retaining an existing one.

Cyber-crime is forecast to cost the global economy $6 trillion by 2021, up from $3 trillion in 2016. Described by some as the “greatest threat to every company in the world”, public concern for the safety of data is growing – not just in how criminals might use stolen data to commit fraud, but also in how personal data is used by the organizations we engage with.

In a consumer-driven digital economy, the pace of innovation is relentless. This era of intelligent mega-processes requires businesses to combine the right data sets and convert them into intelligent insights. The path to this digital transformation is not easy and studies have shown that 8 out of 10 early digital transformation initiatives have failed. Your transformation journey can be successful with the right approach. Download this paper to learn how you can embark on your journey to the Intelligent Enterprise.

Asia’s business environment is characterised by rapidly changing trade dependencies, innovative competitors that disrupt markets with digital technology, and a macroeconomic climate closely tied to the health of the Chinese economy and the vigour of the American consumer. In Asia, three-quarters of CFOs say automation is improving their finance function’s efficiency, allowing it to focus on value-added tasks. 68% say their company is providing technology to boost collaboration between finance and other business units. What else can you learn from these leading CFOs?

The gig economy is built on a tech-savvy workforce, but they’re behind the curve when it comes to using technology to save or invest — especially for retirement.

Docker containers exploded onto the scene in 2013 as a better way to develop software and has quickly become part of the enterprise infrastructure. Organizations often start by containerizing applications -- either components of a monolithic application or new distributed applications. But containerization itself isn’t enough to become more innovative. It requires changing processes, culture and the overall organizational mindset. That makes a container platform essential to success. In this paper, we will discuss what a container platform is and why it’s a critical part of any effort to drive change and innovation in the digital economy.

Enterprise Data Governance is the future key to enabling both business and IT to manage change effectively as enterprises strive to adapt to the networked economy and become data-driven businesses.

Still relying on legacy ERP and spreadsheets? Chances are that you're losing out on your data's true potential and putting your organisation at risk as the digital economy expands. Learn why now is the perfect time for growing organisations to switch the cloud ERP. Read the report.

The technology world around us is changing rapidly. Keeping up has become tougher for managers and supervisors. Today's economy has focused limited information technology resources on immediate results, not research or long term strategy.

Business today is driven by a global economy that generates an unprecedented volume, variety, and velocity of data. Security needs to adapt to a world that’s evolving faster than ever before. Read this dossier to find out more.

Learn how midsize companies are putting in place a business intelligence information infrastructure - making them more likely to adhere to their budgets and deadlines, concentrate on improving the overall business rather than just one department, and reward employees accordingly.

Learn what companies can do in economic downturns to position themselves for later success.

In today’s global economy, companies are increasingly distributed. That puts IT in a precarious position, especially when it comes to disaster recovery. It can take days to restore branch operations. Branch converged infrastructure delivers local performance, stores data safely in the datacenter, and enables instant recovery. Learn how to recover faster, reduce risk, and save money.