For any business looking to constantly innovate and stay ahead of the competition, the concept of a “composable enterprise” is a must. Coined by Gartner, a composable enterprise is “an organization that delivers business outcomes and adapts to the pace of business change. It does this through assembling and combining packaged business capabilities… application building blocks that have been purchased or developed.” The idea behind this approach is that it allows businesses to be more flexible and responsive to changing customer needs and new technologies. Instead of using a single, monolithic ..read more

A vendor management system (VMS) is like having a personal assistant for all your vendor needs, but instead of coffee runs, it handles all the mundane stuff like purchase orders and invoices. Think of VMS as a one-stop-shop for all your vendor management needs – from finding the perfect vendor match to keeping tabs on their performance and compliance with company policies. And the best part is its ability to track payments and see all the valuable numbers in fancy reports and analytics. Vendor Management Systems Objective and Features The main goal of a VMS is to streamline the procurement pro ..read more

If you are a project-driven company, you know the importance of project portfolio management. It’s essential for your growth and success. Without it, it is difficult to prioritize projects, maximize human resources and capital, and support the highest efficiency. In this article, we’ll discuss everything related to project portfolio management (PPM), including:  what is project portfolio management;   why organizations should consider it, and  What are some of the PPM best practices.    What is Project Portfolio Management?   Project Portfolio M ..read more

Our world is reeling from shocks in economics, energy, and geopolitics. The upcoming economic headwinds have forced companies to downsize their workforce. The recession seems already underway.  Striving for operational excellence amidst all this turmoil can seem like an uphill task without proper help. Luckily, with the power of business process automation, companies can optimize and automate their processes and still find diamonds in the rough.  Today, approaching operational excellence via strict process methodologies such as Six Sigma is not enough. Companies must embrace process ..read more

The COVID-19 pandemic has impacted and disrupted the way businesses function globally. The Aviation Industry is one of the greatest to suffer losses in revenue and operations. It is still one of the first industries to adapt to people’s health and safety regulations. While businesses around the globe are still adapting to this change, the aviation industry is expected to improve and recover by an increase in 83% of overall travelers in 2022, as stated in a report by IATA. Managing this level of increase in growth will require airlines and aviation affiliated businesses to optimize their busine ..read more

Startups worldwide have grown remarkably over the last decade. The number of newly recognized startups in India alone has increased to over 14,000 in 2021-22 from only 733 in 2016-17. The startup industry is projected to grow by 11-15% every year and with the support of the government and corporate sector, the startup sector is poised to thrive. But this isn’t the real story, at least not when we dive deeper into understanding the startup ecosystem. While the number of new startups keeps on increasing, the number of startups that fail and shut down is over 90%. Before answering the question of ..read more

The retail industry has always been incredibly dynamic. It has been at the forefront of every major technological revolution. Perhaps that is the reason the retail industry has not only survived but come out stronger after every crisis. Right from the time of World War II, through every pandemic and economic downfall, the retail industry has set an example of how to bounce back.  It has provided major support for every economic recovery after every downturn. Department stores came into existence in the mid-to-late 19th century, the first shopping mall became operational by 1954, and the j ..read more

Albert Einstein famously said “If I had an hour to solve a problem I’d spend 55 minutes thinking about the problem and 5 minutes thinking about solutions.” Today’s enterprises are not very different. Problems keep festering for ages, workarounds abound and the can keeps getting pushed down the road. Until it is already too late. Business as usual no longer works – and you need an immediate solution! Enterprise processes are often very complex, making digitization a challenging proposition. Traditional development methodologies take an insane amount of time to document, build, test, deploy and ..read more

We have all read numerous articles on how software is eating the world, and how there aren’t enough software developers in the world to build all the applications that are needed to be built. Based on leading industry studies, there are over 500 million applications to be developed in the next 5 years, and in the US alone there is a shortfall of over 1 million developers every year. At a 10,000 ft view, this is absolutely the case, we need more applications and we need more people to develop them. But as you delve deeper into the topic, there are several nuances.  Let’s first start with s ..read more

This is a story of compounding errors. Errors that we have all inadvertently introduced when filling in or manipulating data in excels files some time or the other. Often times the errors are in-consequential – a minor inconvenience at the most. We all learn from our mistakes and move on, promising to be more careful next time. But imagine if your daily job revolves around filling in and manipulating excel data all day. No matter how careful you are, the laws of probability will eventually kick in – and you will end up with that one error that has cascading implications. And when there are hu ..read more