Business is still as risky as it was ever before with high stakes and massive investment on the line. However, something in the last decade has changed. Making business decisions is no longer similar to trying to hit a target in the dark. Big Data and analytics have provided sudden visibility to the business owners. …
Before the technological advancement and the bursting popularity of all things digital, the information flow from the supply chain was recorded on paper. In today’s time, physical documents have become scarce for the technology has made it possible to store structured and unstructured data in digital format – popularly known as Big Data. This voluminous …
Data cleansing is a rigorous process in which erroneous, unfounded, and unethical data is discovered and removed from the database. The process also involves going through the database and detecting incomplete, improper, and irrelevant data and altering and modifying it to make it more accurate. Regardless of how systematic and organized, the data collection process …
One of the reasons why RPA has such a high rate of implementation failure is because of the lack of understanding surrounding it. On top of unawareness, there are myths and fallacies that makes it even worse. Perhaps in a few years, the business leaders will look back and laugh at themselves for believing in …
Necessity is the mother of invention is a cliché but a true one nonetheless. The cut-throat competition in every industry and evolving business practices are compelling businesses to adopt the latest technological innovations and work on cost-cutting plans without compromising the operational productivity. Since the advent of business-centric automation has brought about numerous benefits …
The process of logistics and shipping has always been a slave to extensive manual processes. The responsible parties are almost always being pressed for low costs by their clients while they themselves are charged high for their own freighting needs. On top of that, most of the companies manage logistics by hiring employees to conduct …
Eric Schmidt, the ex-CEO of Google left us astonished, at Google’s 2010 Atmosphere summit when he said that in every 2 days we generate as much data as it has been collected since the beginning of times. Notably, he was only referring to the data collected up until 2003. eDiscovery also shared that while 70% …
Robotic Process Automation (RPA) is no longer a new phenomenon. It is becoming more and more popular every passing day and allowing organizations to be creative and smart with how they employ these automation tools and reach new heights of success. McKinsey & Co. pointed out that the return on investment from the RPA deployment …
Inventory is an indispensable part of every distribution business. It involves stocking merchandise for future use and always having it readily available when the businesses place an order. It sounds pretty simple, but that’s not it. In addition to providing the products at the right time, the distributors also need to ensure that they don’t …
Data analytics and automation is joining hands and transforming the way organizations access and manage risks. Essentially, enterprises – big and small – are collecting data, creating a full-bodied databank, and using all that cold hard scores to make decisions. Where boosting sales, improving processes, minimizing payment issues, and business growth are some of the …
