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How to Leverage Cloud for Successful Digital Transformation?

Digital transformation has been a buzzword these days with strategies being made for budget and resource allocation. It is believed that the amount spent on ‘going digital’ would cross $2.1 trillion in the near future. So, where exactly is the huge amount of money going? Digital transformation encompasses using digital technologies, as a cloud to make the existing processes more effective.  Digital transformation essentially aims to use technology to change the existing service into a better one with digital transformation solutions and services. However, at times due to the resistance to change and lack of thought clarity shown by certain organizations, the digital transformation efforts are seeing obstacles. Companies believe it will be easy to implement big data, internet of things, artificial intelligence, and other technologies. But that is not the case always except in case of secure cloud hosting. The first logical step to digital transformation is the Cloud.  By ad
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Success factors of IoT in Inventory Management for Enterprises

The Internet of Things (IoT) is a network that connects objects to the digital ecosystem. The internet plays an important role in the connectivity of these objects. In a factory, the objects could be machines or equipment. IoT connects all that and enables the collection and exchange of data. Cloud, Data Analytics, and Artificial Intelligence (AI) drive the digital process. IoT has transformed various industries including Inventory Management. Some of the success factors for improving Inventory Management are given below. Efficiency through Big Data Big Data enhances supply chain management . It enables real-time operations management that leads to improved efficiency. It keeps the factory managers informed about the space in their warehouses. This helps them plan their shipments and take decisions about reducing or expanding the warehouse storage capacity. Inventory optimization can take place due to insights obtained from data analytics to ensure proper inventory management.
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Digital Transformation Success Factors: How to measure key KPIs

Digitization has transformed every industry, be it education, financial services, banking, insurance, retail, or manufacturing. Digital transformation is an ever-evolving process. Huge investments are made on digital transformation processes and solutions. But how does one measure the success of the implemented digital processes? How do you gauge the efficiency of digital transformation to improve success parameters? According to McKinsey’s Digital Quotient analysis, less than 15% of the companies can quantify the impact of their digital initiatives. Among all other ways, you can break the large plans into small actionable plans with specific Key Performance Indicators (KPIs) for a particular time period. This makes KPIs extremely crucial. To create a digital KPI, Gartner recommends IT organizations to consider these five key questions: What are we measuring (for example, the percentage of customer interactions on digital medium)? Where do we stand today? What are the goals
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How to utilise Platformation for your Ecommerce Solution – Know the Best Strategies

Best Strategies for your e-commerce Solution through Platformation Disruption has been at the forefront of Digital Transformation . The companies which are born digital have a competitive advantage over the traditional companies which are slowly adapting to digital technology. There are essentially two types of business models – Pipes and Platforms.  Pipes are the linear business models wherein firms make products and sell it to consumers. Manufacturing, for instance, works on the Pipe Business Model. Another example of a Pipe model would be blogs and single-use SAAS services. Whereas Platform models operate differently. They are networked business models that allow consumers to create and consume value. YouTube, for instance, works on a Platform model in contrast to TV Channels which work on the Pipe model. What is Platformation? A platform-based business enables value-creating interactions between producers and consumers. The platform models help enterpri
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How can you grow your business using multi-channel retail software?

Due to a lack of knowledge and researching capability most business firms start their business using only one sales channel. They do not even know that with the growth of business one must also introduce both unified commerce platform and Omnichannel retailing within the business to make smooth operations. A single social media platform or a blogging website like Wordpress serves business firms who can think of only one single sales channel. Most business firms do not even research well about e-commerce platforms and they land getting themselves involved in the business. The multi-channel platform actually means making use of a variety of social media platforms and channels with the help of which customer experiences can be improved.  According to various stats conducted all across the world, it has been noted that the younger generation rarely goes out and shop. It is because of the fact that they find online shopping much more flexible as the goods arrive at their doorstep.
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Benefits of ERP software

Dynamic ERP software -  is an asset to any organization. It makes the overall functioning of the business smoother through collecting and protecting data, automating processes and offering easy to reports and analysis which are easy to understand. Some of the major benefits of ERP software are: Enhanced Supply Chain Management: The companies which deal with moving physical inventory, ERP software acts as a Supply Chain Management Software , enhancing the supply chain management in various ways. A well designed Erp software allows a company to shorten the delivery time span which leads to more on-time deliveries via improved demand forecasting, better management of inventory and procurement, etc. Reduced IT Costs: One can think of ERP as all-inclusive software, it is a single software that is custom built to all your needs like having a supply chain management software and dynamic CRM software . This allows you to cut down on the cost of having different software for
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How will the usage of Microsoft dynamics 365 pay off?

Are you worried about the expansion of your business? Well if you are then you do not need to. There are technological advancements introduced into the world of business. A Microsoft Dynamics partner will solve your CRM and ERP complications within your business with the usage of advanced software. Now upgrade to dynamics 365 to avail of all the benefits in your business. Upgradations for such advanced software are also available so that the customers and the assets of the business can be managed without any hindrances. You can reap the fruits out of dynamics 365 for finance and operations . This software will help to efficiently manage and store the information related to the finance and operations of the business. Microsoft Dynamics CRM will provide you with CRM solutions so that your customers can be managed effectively. Apart from this, you also have the Microsoft dynamics gold partners which allows your business to become a certified partner of the company.    Innumera
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