Things To Know Online

March 2012

Posted on March 28th, 2012, 1:02

Companies and organizations as they do business collect large amount of data. Known as the corporate data, it consists of important information dealing with business operations, current business trends, business strategies of their competitors, latest events and fads and so on. This data needs to be consolidated for future reference especially when companies and organizations want to plan strategically their business processes. Moreover, interpretation and analysis of this data can provide valuable insights into their business operations. This in turn would help to identify areas that need improvement, achieve operational efficiency, increase sales, reduce costs, identify new business opportunities and make powerful business decisions.

Business intelligence is the identification and analysis of company’s disparate data to extract meaningful information for more effective decision-making. Forrester Research defines Business Intelligence as “a set of methodologies, processes, architectures, and technologies that transform raw data into meaningful and useful information used to enable more effective strategic, tactical, and operational insights and decision-making."

However, since mountains of data are developed and collected, companies and organizations need effective tools to manage data efficiently. With the volume of data growing at an unprecedented rate, what is required are effective tools that do more than just organize and deliver information. With the help of eminent market players who have been ranked among the best product development companies, organizations can develop tools that can analyze and interpret data quickly and provide them the much-needed competitive advantage. Let us look at some of the important functions of business intelligence tools.

Online Analytical Processing (OLAP)
OLAP is a category of software product development tools that helps to selectively extract information from multidimensional data and view it from multiple perspectives. It comprises of three important operations and they are consolidation, drill-down, and slicing and dicing.

Data Mining
It is the process of extracting hidden information from large mountains of data and delivering it in a way that is comprehensible and understandable. Data mining tools help to forecast future trends.

Process Mining
It is the process of extracting information from event logs to analyze the processes and thereby identify the problem areas. Process mining provides the necessary tools and techniques to extract process, control, data, organizational, and social structures from event logs.

It is the process of analyzing the business data for developing recommendations to improve business performance in the future.

Complex Event Processing
It is the process of identifying the most relevant events from the cloud of events happening in a company or organization; analyze the impact or effect of those events so that the most appropriate action can be taken at the right time.

Predictive Analytics
As the name suggests, it is the process of analyzing current and historical facts to provide forecast on future events.

Also read on - nearshore development services, Product lifecycle management
By Josephmax, in: General

Posted on March 21st, 2012, 21:44

When software is a part of your business, it is only with ALM or application lifecycle management that you will start achieving transparency and get a thorough understanding of the application process flow.ALM methodology is usually incorporated into software projects that are undertaken by software development firm for delivery to the market. Application lifecycle management manages software product development and delivery, right from the initial requirements to software change and release management. It ensures the better delivery of business outcomes as it co-ordinates your staff, processes and tools, giving a less costly and faster solution.

Businesses need Application Lifecycle Management as it brings in numerous benefits. Latest developments in ALM help business owner innovate, anticipate market needs, and provide marketplace leadership. Some of the other benefits are:

  • ALM delivers anticipated results with a quick ROI and ensures that the final application serves existing business requirements.
  • ALM provides superior value to the organization, and leverages knowledge and skills available in IT.
  • It also encourages automation of processes during development and testing to speed deployment, while also reducing current resource utilization.
  • ALM provides better guidance in decision-making during the project to and helps IT managers and project execution engineers make intelligent choices.
  • With ALM there is greater visibility into development processes, thereby encouraging constant improvement.
  • ALM also standardizes and aids cross-team communication to check inaccuracies and inconsistencies.
  • It enhances accountability and provides a transparent record of all actions and decisions.
  • ALM supports the collection of applicable data for business analytics.
  • ALM makes it possible for IT to develop business applications that are in greater compliance with various regulations.

Integration is Critical for Successful ALM Implementation

It is only when ALM is implemented properly that the true benefits can be enjoyed by both business owners and IT. When individual tools are not integrated,

they are cumbersome and less economical to use. For greatest effectiveness, ALM tools must be integrated with each other and with other tools within the organization. By integrating application development fully into the business processes of the organization, IT is provided with greater and more functional resources. It also boosts the potential for success in application planning, development, and deployment.Application lifecycle management must be the fundamental goal in an organization where software is the primary business. Viewing ALM as a foundation needs to be the business strategy and getting good at ALM must be is an essential part of creating competitive advantage.

Also read on - Developing mobile applications, Product lifecycle management
By Josephmax, in: General

Posted on March 21st, 2012, 2:29

Another name for business travel management used in most enterprises in corporate travel management. To explain in simple terms, it is a well thought out initiative or strategy that organizations undertake in order to better the corporate travel spending behavior, make sure the security and safety of the traveler while on a business tour and control the costs as well.

Corporate or business travel management programs vary from one organization to the other. However, almost all of then comprises the following pointers:-

  • A basic travel policy – This is a primary guideline that discusses the travel options approved by the concerned enterprise

  • Reporting and Analysis – This is all about summarizing and collecting an individual corporate traveler’s booking details for understanding the manner on which he intends to  make use of the company expense as well as the effectiveness of the organization’s travel policy

  • Preferred Rates – On most cases this is a direct agreement between a travel provider and a company, for example a hotel chain or an airline group for a particular discount based on the frequency of the travel

Regardless whether the aim is to reduce the direct travel costs or to accelerate an employee’s travel management for adhering internal rules and polices, or to attain enhanced travel spend analysis, business travel managementsoftware or solution is always helpful. Most of them have been built up using the latest Cloud Process and has other innovative applications incorporated such as an electronic payment processand many others.

The software offers the user ongoing visibility as well as a total control of the business travel expenses. In addition to that, they also provide you with the best practices in travel booking, accounting and invoice handling, company and travel profile management and the like. Service providers of such software or solutions also have their own business process network of preconnected groups that consist of banks, credit card organizations, international booking systems, travel agents, rail companies, taxi companies and so on. Some of the benefits are listed below:-

  • Reduced Costs

  • Improved Control

  • Reduced Lead times

  • Improved Customer Satisfaction

To sum up an effective such a solution offers you complete optimization, administration and automation of your travel and the business travel expense management. Furthermore, the service providers have come up with innovative business travel management modules such as the Travel Profile Manager, Travel Request Manager, Card Expense Manager, Travel Booking Manager and others with a digital managementfor streamlining the task at hand.

Read on - Order fulfillment, Regional development

By Josephmax, in: General

Posted on March 14th, 2012, 1:14

Guaranteed Success with an Optimized Supply Chain Process

Your business is a coalition and your business partners are an integral part of the value network that helps you achieve your goals. A business cannot operate solitarily and it needs the cooperation of the value network to provide optimum services to customers. A smooth and efficient supply chain process is necessary to ensure that your value network is maximized to attain incredible benefits.

You can employ the automated supply chain management solutions to ensure an effective and profitable operation. The solutions are delivered on the cloud and all the processes are managed automatically. Greater integration is enabled which helps in boosting collaboration in the value network. This leverages critical information sharing capabilities in real-time and there is greater efficiency in implementing important decisions accurately.

Speed is a remarkable parameter that can render powerful impacts. The supply chain management solutions expedite the processes which helps reduce the lead times to the market. This cloud based model is an intelligent system that increases the visibility of your business process exponentially. This helps you to detect the hindrances, accelerate the viable processes and deliver optimum services without any delays.

The supply chain process is a streamlined one due to its automation feature. This results in effective logistics planning, mergers and consolidations. The solutions are deployed keeping in mind the compliance requirements so that no adverse effects are caused to the environment. You are provided consistent support and uninterrupted monitoring services to help you make prompt decisions without any delays. The solutions ensure an optimized value network, proactive and intelligent practices that are in alignment with your business requirements.

If you want a supply chain management systems that provides you strategies for improving revenue generation you have to employ the cloud solutions. The process does not only help you to deliver rich order fulfillment services but also helps in reducing your costs with effective and smart actions. The solutions provide innovative strategies to optimize the value network so that your business makes handsome gains.

The business environment has become a risky landscape. You have to make clever moves to avoid getting trapped and losing your hold on the market. If you employ a cutting-edge technology that can be customized to fulfill all the requirements of your business you will encounter delightful experiences and be duly rewarded. In this intensely unpredictable realm you need tools that can address the issues effectively and even bear positive fruits in the most unimaginable conditions.

Also read more on - Spend analysis, Order management system
By Josephmax, in: General

Posted on March 11th, 2012, 22:14

The growth of technology has had its effect on today’s business growth with trading being conducted over the Internet and similar networks. Known as e-commerce, this has resulted from the widespread use of Internet, electronic data interchange, wide spread out supply chain management, and gained encouragement from technological innovations such as electronic fund transfer, online transaction processing and Internet marketing.

Largely conducted for trading of virtual products and services, the growth of e-commerce has seen the involvement of physical transportation of goods. With the worldwide web used during the transaction lifecycle, today’s e-commerce transaction s involves the use of e-mail, social networking and mobile devices too. Most of the e-commerce solutions developed and used till date meet the requirement of business-to-business (B2B) mode of e-commerce transactions or business-to-consumer (B2C).

Today as the social networking websites play a major role in the consumer’s purchase decisions, e-commerce tend to move beyond simple B2B and B2C shopping sites.  The enterprises involved in e-commerce also move from the traditional model of online shopping and makes use of the social networking sites to incorporate customer research and their participation as a marketing technique. Further, the innovations in mobile applications have paved way for expansion of e-commerce to enable consumers to shop from any location and any device. However, this requires software professionals to have a good industry expertise so as to enable secure data management and handle a large website traffic.

To provide the customers with a good user interface, secure payment gateways and a rapidly performing ecommerce websites, the enterprises from the industry sector need to develop world-class ecommerce solutions incorporated with updated business intelligence tools. The leaders in e-commerce software product development with their industry expertise of having developed cutting edge solutions for established industries focuses their ecommerce solutions on areas of online shopping, social and mobile commerce and interactive advertising.

Further, a good customer research facilitates the project engineering teams to understand the market trends and work to provide the customer with effective ecommerce solutions for mobile commerce. Mobile commerce makes use of any mobile device, PDA’s smartphones or laptops connected through computer networks to make any kind of monetary or ownership transaction of goods or services.

In an era when digital shopping innovations are taking shape, the availability of new handheld mobile devices in the market, makes the generation next the early adopters of such advanced ecommerce applications.  Being more open to premium mobile content and applications and least affected by price index, they become the target audience.  The ecommerce solutions developed by the leaders in the industry sector ensure a fast, reliable and cost-effective shopping experience with online catalog, shopping carts, pointy of dales and secure payment gateways, mobile advertisements, inventory management, coupon codes and gift certificates as well as location based shopping.

Read on - Advisory services, Product lifecycle management
By Josephmax, in: General

Posted on March 9th, 2012, 3:57

Supply chain management solutions are of utmost importance to enterprises today. The two essential elements of revenue recognition are sound market coverage and product availability. Both these elements are further dependent on the sound execution of a supply chain strategy. To explain in simple terms, whenever a new product is launched and advertised in the market, the sales counters must have it so that customers can purchase it. If there are delivery hindrances that disrupt the product delivery process, then it will make  users loose their interest in the product. Simultaneously, the demand too falls down resulting in less revenue. Hence, transportation design and management are of significance in supporting sales and marketing strategy.

Two other important components in supply chain management solutions are inventory control and inventory visibility. In any operations, these two components are considered as cost drivers and have an impact on bottom lines that is constituted in the balance sheet. To any enterprise inventory is similar to value. It is an asset. Every enterprise has got its own specification for inventory turnaround. It denotes the number of time the same has been substituted and sold in a year. Therefore, the inventory health reflects the business condition and health.

Today eminent service providers have come up with efficient supply management solutions that use innovative Cloud Processes. Some of the benefits are listed below:-
  • Minimizes logistics expenses by 30% through order and shipment consolidation
  • Minimizes logistics administration staff globally by 70%
  • Leads to automated processing  beyond  90% of orders
  • Minimizes the count of warehouses from 70 to 3
  • Minimizes stock by 30%
  • Gained real-time visibility into the end-to-end order fulfillment logistics flow
  • Minimizes transport invoice charges with the help of better control of carriers’ invoices
  • Minimizes environmental impact through fewer locations and better shipment consolidation

Furthermore, these solutions has an innovative purchase order software and order management system that is set up with the help of the Cloud Processes and offers better control in the overall logistics flow that consists of delivery, dispatch and returns flow. It includes everything from data warehousing and business intelligence to transport booking and even printing transport documentation and labels.

All the needed order management system functions are well incorporated into an overall coverage platform and are delivered at an affordable “pay-as-you-go” rate. It manages quickly manages any integrations that is important, for instance integration the ERP systems with the platform and associating any present used forwarders that are not integrates in the Cloud Processes.

Also read on - After sales, order fulfillment
By Josephmax, in: General

Posted on March 6th, 2012, 23:15

In an economy surging with rapid evolvements with the help of technological tools the government cannot remain a mute spectator. It has to take initiatives and implement tools that provide them an equally competitive platform for deserving results. There is a need to enforce effective and responsive governance for the future generations. Every year funds are wasted on executing plans because the processes lack collaboration and flexibility. Most of the administrative tasks are manual leading to wastage of time and investments. Errors are inevitable which further depreciates the situation.

The government needs to pep up its regional development processes so that a comprehensive operation is implemented, the citizens are provided with faster and satisfactory services and costs are reduced. Employing a digital management process will help the government manage its fragmented processes cohesively with effective control and visibility. The process is an automated one that helps the various parties to interact and collaborate on a single platform. The digital management process is a cloud-based model which facilitates e-procurement, travel transactions, inbound/outbound services, order fulfillment, after sales/customer care services and financial transactions.

The digital management process can be easily customized to derive the best outcome. It is compliant with the various legal frameworks pertaining to child care, social welfare, approvals etc manifesting favorable outputs. It enables visibility for purchase consolidations and optimizes the sourcing processes and resources which help in achieving higher savings. The processes are extremely flexible and simple to handle providing an opportunity to deliver improved public services.

The digital management process helps the government cope with the changes in the environment. It enables the government to respond and adapt affirmatively without affecting the performances. The processes deliver more effective and impacting results due to the practical lean management applications. The cloud-based digital management model provides shorter lead times with the deployment of best practices, improves customer satisfaction levels and reduces the costs. It provides updated reports and solutions on the strategic management of the operations and resources. It helps the government to make some critical decisions for delivering competitive regional development services.

The efficient maintenance and management of data helps in ensuring desirable and healthy governance. It provides an optimized end-to-end execution of the business process. An in-depth analysis of the business strategies is provided and services that enhance the collaboration and performance levels of the business are offered. The competitive, productive and intelligent governance administered by the digital management process promises a better future for its citizens.

Click here to read more on - After sales service, Business travel expenses
By Josephmax, in: General

Posted on March 2nd, 2012, 4:11

eCommerce is no longer limited to online buying and selling processes. It involves a lot more complex and intricate operations. Customer interaction has become a significant parameter for productive business relations. When a customer buys a product he expects a helpdesk that can provide prompt assistance whenever he is in trouble. This requirement has been incorporated in websites so that customers can search for information and resolutions without the help of any agents. This methodology has also provided an opportunity for rating your products and getting an idea about the customer’s satisfaction levels.

Nowadays every ecommerce business must provide facilities for customers to post their reviews, suggestions, feedbacks and criticisms. The customer inputs are vital for making improvements and enhancing the products to gain more positive responses. The social networking sites also provide a useful platform to launch and propagate your ecommerce business. The social networks are effective tools for launching interactive advertising campaigns without any investments. They provide you with an insight on the status of your business and help you to understand the areas that you lag in.

It becomes imperative to employ ecommerce solutionsthat provide your customers with rich shopping experiences with prompt services such as online storefronts, shopping carts and catalogs.  If you want to enjoy handsome profits you need to deploy solutions that facilitate easy and simple online travel and ticketing arrangements. The solutions that provide event management facilities help in reducing time and cost.

The ecommerce solutions are business intelligence toolsthat help in generation of enhanced revenues with value-added services. The most crucial thing to consider in a business is projecting a reliable image. You must convince your customers that your ecommerce business is secure and safe. The ecommerce solutions provide a robust and scalable infrastructure that is capable of delivering digital content in a secure environment that utilizes the best payment processing practices.

The cloud technology has provided the mobility-driven workforce with powerful means to carry on their work smoothly without any hindrances. Those who are on the move can easily avail services on any mobile device or computer tablet. It is highly essential that supportive mobile application developmentprocesses are integrated into the ecommerce solutions to provide rapid service to the mobile workforce. If you want impressive results in your business the ecommerce solutions must have the capability and flexibility to execute a wide range of processes that involve the use of simple as well as complex applications.

Read on - Advisory services, Product engineering services

By Josephmax, in: General