business Archives - We App Your Ideas https://weappurideas.com/tag/business/ We Offer A Full Digital Solution For All Your App Ideas or Custom Software Requirements you might have. App UI/UX Design. Android Development. iOS Development. Hybrid Development. Services: Bespoke Software Development, Mobile Development, Web Design Sat, 29 Feb 2020 03:54:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 194856765 Digital transformation is a necessity, not a luxury https://weappurideas.com/digital-transformation-isnt-a-luxury-its-a-necessity/?utm_source=rss&utm_medium=rss&utm_campaign=digital-transformation-isnt-a-luxury-its-a-necessity Sat, 29 Feb 2020 03:50:19 +0000 https://weappurideas.com/?p=2101 Today, it is uncommon to not have access to high-speed wireless internet, regardless of your location on Earth.

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The way we conduct business is changing. Digital technologies such as AI, machine learning, IoT and cloud computing have the potential to transform the way businesses structure themselves, develop new products and highly customise customer experiences.

This potential for change is widely known as ‘digital transformation’, but what does that really mean? Digital transformation is complex and while many business leaders have a clear idea of how they want their businesses to change, they are far less clear about the steps needed to get them to their destination.

It’s important to be realistic. Digital transformation is a journey in and of itself. It’s not just about creating a foundation of digital technology on which to build, it also encompasses company culture, structure and ways of working. In other words, changing how the business thinks, plans and gets things done.

Leaders of digital transformation are more likely to report strong financial performance, and this is a powerful demonstration of how technology, thoughtfully applied to change business behaviour, can put businesses in a strong position to not just keep up with competitors, but also become an industry leader.

K Ananth Krishnan – EVP and CTO at Tata Consultancy Services

In today’s tech-driven economy, digital transformation is a necessity, not a luxury. It is widely understood that digital technologies are required to deliver the level of service and experiences now expected by the next generation of consumers. This is illustrated in Statista’s estimate of the digital transformation market in the US growing to a total market revenue of more than $490bn by 2025.

There needs to be strategic purpose when leveraging new and emerging digital technologies, and there are four branches, or ‘behaviours’, of successful digital transformation that organisations must understand when making such investments. These four behaviours are: driving mass personalisation, creating exponential value, leveraging ecosystems, and embracing risk.

Recent studies have shown that a majority (82pc) of companies have adopted one to three of these behaviours, but only a sliver (9pc) of companies have successfully adopted all four. The majority (60pc) of those that have embraced all four transformative business behaviours expect more than 10pc revenue growth in the next three years.

Driving mass personalisation

According to research from Walker, customer experience will overtake price and product as the most important brand differentiator for consumers by 2020. Understanding and investing in the technologies that help deliver personalisation at scale is the most important step.

Creating exponential value

There is truth in the saying ‘every company is a technology company’. Digital technology enables businesses to develop their business models far beyond selling their core products and services, unlocking new revenue streams and expanded customer bases in the process.

With the right technology and internal processes to draw insights out of their data, businesses of any size should be able to find fresh ways of offering their customers new products or services, creating exponential value for their companies.

Leveraging ecosystems

The modern equivalent of the saying, ‘no man is an island’ is that no company exists in isolation. Digital technologies have allowed traditional industry domains to blur. For example, with the emergence of electric vehicles, the power industry is finding the auto industry in its sphere. Complementary service providers, dependents and disruptors are emerging across industry segments, so finding beneficial ways to leverage this wider ecosystem is a key to successful business transformation.

Embracing risk

Of the four business behaviours of business transformation success, the most challenging for organisations is embracing risk. Nearly seven out of 10 businesses have not adopted agile working practices widely, which makes it challenging for them to embrace an innovation mindset.

It’s not hard to see why. In many ways, embracing risk goes against established management wisdom. However, in the digital era, shying away from innovation and experimentation is the real danger. Companies that fall behind in the race to innovate and offer new products at speed and scale are more exposed to disruption at the hands of a challenger brand.

Some businesses have already embraced the underlying working methodologies and technologies that will enable them to take greater risks. Agile working has been adopted by 70pc of digital transformation leaders and helps teams experiment with innovative new product ideas, while using relatively few resources and limiting risk exposure to the wider business.

Cloud technology, which 90pc of businesses plan to be using extensively by 2021, cuts down on limits to IT team capacity and enables businesses to rapidly scale resources up and down at a relatively low cost. This quickens turnaround times and increasing the ability to react to unexpected changes or opportunities across the business.

(Source: siliconrepublic.com)

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How Technology Made Businesses More Efficient https://weappurideas.com/5-react-training-courses-for-beginners-4/?utm_source=rss&utm_medium=rss&utm_campaign=5-react-training-courses-for-beginners-4 https://weappurideas.com/5-react-training-courses-for-beginners-4/#comments Thu, 28 Feb 2019 07:52:04 +0000 http://weappurideas.com/index.php/2019/02/28/5-react-training-courses-for-beginners-4/ They play a role in making operations more seamless, bridging the gap between authorities, consumers and businesses.

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Technology has come a long way and still has a long way to go in many respects. It has revolutionised the lives of people all over the world and made life easier in a variety of ways. In the world of business especially, technology has played an undeniable role.

It boosts efficiency, as staff now have more time to focus their efforts on other tasks and use their talent in other aspects of the business.

They play a role in making operations more seamless, bridging the gap between consumers and businesses, as well as helping many see exponential growth. For this reason, it is imperative to outline the many ways in which technology has helped businesses, especially in 2018.

One of the first ways that technology has made businesses more efficient in 2018 is through automation. As a result, numerous mundane tasks that could decrease productivity can now be allocated to technology. 

(Source: blog.businesscasestudies.co.uk)

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How 5G Tech Will Impact Your Business https://weappurideas.com/the-biggest-reset-looms-for-corporate-credit-market/?utm_source=rss&utm_medium=rss&utm_campaign=the-biggest-reset-looms-for-corporate-credit-market https://weappurideas.com/the-biggest-reset-looms-for-corporate-credit-market/#comments Fri, 22 Feb 2019 02:36:20 +0000 http://weappurideas.com/index.php/2019/02/22/the-biggest-reset-looms-for-corporate-credit-market/ If there’s one way that wireless technology has changed the way we work, it’s that everyone is now connected.

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Though 5G tech is still a work in progress, it’s set to enhance enterprise connections dramatically, power emerging AI technology, and transform IoT sensors in the years to come. As a business owner, you should learn how investing in and anticipating 5G tech will change the way your business communicates with consumers, integrates new technologies, and analyzes big data.

50% of US consumers will have access to 5G in as little as five years, according to a recent report by Ericsson, a leading telecommunications company. A recent ABI Research study showed that 5G tech would likely decrease production times of emerging technologies 10 times more than 4G connections. Many experts in the industry see 5G connectivity as a critical component in the mass adoption of AR and VR technology.

Faster internet speeds, increased traffic, and seamless tech integration are just a few business benefits. The internet of things, which refers to all the machines and devices linked through the internet, and its enormous growth is likely imminent as 5G comes online. There are expected to be 125 billion devices linked by 2030, up from 11 billion last year, according analysts at DBS Group Research.

Office work will get a lot smarter. Advances in AI and machine learning made possible by 5G networks will mean fewer white collar workers will be engaged in repetitive tasks, even cognitive ones such as accounting and data processing. In most cases, smart machines won’t take over entire jobs but will instead perform tasks that are key parts of jobs. 

The factory of the future will also rely on 5G to enable augmented reality, autonomous mobility, sensor networks and machine learning. The result will be “extreme automation” and dramatic advances in productivity.

(Source: mondo.com/blog-5g-tech)

(Source: bloomberg.com/news/articles)

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Irish businesses are struggling with digital transformation https://weappurideas.com/5-react-training-courses-for-beginners/?utm_source=rss&utm_medium=rss&utm_campaign=5-react-training-courses-for-beginners https://weappurideas.com/5-react-training-courses-for-beginners/#comments Mon, 18 Feb 2019 09:19:37 +0000 http://weappurideas.com/index.php/2019/02/18/5-react-training-courses-for-beginners/ Today, it is uncommon to not have access to high-speed wireless internet, regardless of your location on Earth.

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Irish enterprises are feeling the pressure to transform, but are not sure how to go about it, while many are unsure as to why they should. According to Ger Perdisatt, director, Enterprise Commercial Group, Microsoft Ireland, there is very strong impetus to do digital transformation, but often there is a lack clarity as to why the change is necessary.

“When you start bringing it back to ‘why is it you feel you need to transform, you need to change shape and you want to use digital means to do that,’ it tends to be a big struggle,” said Perdisatt.

If as a business, previously, you would encounter a problem and you would come up with a solution that would involve some technology, and that would be steady state for five or seven, or even 10 years. Now you are in a situation where technology is constantly evolving and the ability of your people to assimilate — what’s the latest we can do, what are our customers asking for, what are our competitors doing? — is constantly changing,” said Perdisatt.

While the multinationals are making considerable strides with respect to digital transformation, the small firms are lagging behind. Policy should always be based on evidence, but there is a considerable knowledge deficit in Ireland with respect to an important section of the business economy, that is, micro-businesses. Micro-businesses with between one and nine employees constitute 90% of Irish businesses and employ over 400,000 people. In fact, microbusinesses account for almost 20% of all Gross Value Added in the Irish business economy. These firms are critical to future productivity and job growth. How innovative are Irish micros? How do they compare internationally with respect to digitalisation?

A recent UCC report on Irish micro-businesses revealed that over 70% of small business owners want to keep their business similar to how it operates now. This is not particularly surprising, as most micro-businesses start small and stay small. If many micro-businesses seem to shun high-growth, then where do their ambitions lie?

Digital transformation failure could see a third of Irish companies shut down by 2020. New research from Ricoh shows many organisations are not in a position to digitally transform effectively. For many business leaders, digital transformation is a priority, but new research from a survey commissioned by Ricoh shows that 61pc of organisations in Ireland are not in a good position to take advantage of new digital technologies.

Gary Hopwood, managing director at Ricoh Ireland, said: “It’s very worrying that the future of so many Irish organisations are at risk because of their failure to innovate. Change is happening and it’s happening now, which is why it’s vital that business leaders take action as soon as possible and formulate a strategy that enables them to embrace digital disruption.”

(Source: techcentral.ie)

(Source: siliconrepublic.com)

(Source: rte.ie)

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