Digital World

Digital Transformation is slowly but steadily emerging as an integral part of organizations across the globe. While all the intent among organizations to walk down the Digital Transformation road is very much welcome, the big question is: how many organizations have been able to chart out a successful Digital Transformation journey. According to an Everest Group study, a whopping 73 percent of organizations failed to deliver business value from their digital transformation efforts. The study further stated that 78 percent of organizations failed to meet their business objectives, which effectively means that only 22% of organizations achieved their desired business results. The findings from the study are a reiteration of the fact that organizations are struggling to orchestrate a successful Digital Transformation journey . One of the key reasons why organizations are unable to undertake a successful Digital Transformation initiative is the lack of upfront commitment. This is becaus...

Despite the latest IT solutions and a heightened awareness of cybercrime, thousands of enterprises get hacked every year. All the SIEMS, firewalls, end-point solutions are seemingly useless when it comes to a determined cybercriminal. For an organization and its data, the only way to stay ahead of the cybercriminals is by detecting and neutralizing them in real-time. This is where Advanced Security Analytics for enterprises make a real difference. Role of Big Data Analytics in Security Advanced Security Analytics for businesses leverages the latest AI and ML technologies to find, identify, and eliminate threats in real-time. They use continuous, real-time threat analysis to generate security alerts with contextual data to find real cyber threats from a mountain of data, thus reducing the problem of false negatives most systems are hobbled by. Big data analytics not only neutralizes external threats but also monitors for insider threats, identifying risky behaviors against bas...

The trail of destruction triggered by the outbreak of Covid-19 has reiterated the long-felt need for organizations to deepen visibility across their supply chains. As we are all aware global supply chains have been consistently bogged down by disruptions ranging from natural disasters to geopolitical issues and the Covid-19 pandemic was a disruption of monstrous proportions, leaving a wave of devastation all around. Indeed, the scourge of the Covid-19 pandemic has brutally exposed how susceptible global supply chains actually are and how this unprecedented situation has resulted in revenue leakage, customer churn, and dwindling market value for organizations. If various industry experts are anything to go by, the impact of Covid-19 was gargantuan simply because of the interconnected nature of global supply chains. These Covid-19-induced troubled times have made it an absolute business necessity for organizations to leverage new-age supply chain technologies that can go a long way in ...

The current expansion of the threat surface and the growing sophistication of cyber attacks has made one thing crystal clear -   when it comes to fending off attacks, it is not a question of ‘ if’ but ‘ when’ you will be called upon to defend your organization and its data.And the figures support this new reality – industry experts peg the annual damage from cyber-crimes to touch a whopping $6 trillion in just a couple of years. This growing security challenge has changed how organizations approach IT security – it is no longer an add-on function; instead, security is the foundation that underlies and guides every activity. At the core, the problem is because the explosion of data and network-dependent work processes have made systems more exposed to security issues and the traditional approach to cyber security isn’t able to keep up with the ever-moving, ever-evolving threats. Preparing for the zero-day world requires new technologies and newer abilities. This lays out the ca...

The global marketplace is witnessing enhanced usage of data even as organizations are leaving no stone untoward towards walking down the digital road. Of course, taking the digital route is a must-have for organizations, however in this pursuit of going digital organizations they also remain susceptible to security threats and breaches. The prevailing threats in the digital ecosystem make a strong case for Advanced Security Analytics . It is important to understand that organizations need to make the most of the available security analysis tools that provide Advanced Security Analytics. Such tools provide organizations with the power of Advanced Security Analytics, which can help them in a long way to counter the threats to their systems and data. Advanced Security Analytics is exceedingly handy as these security analysis tools collate data from many different sources within an organization. Subsequently, these tools analyze the data and come up with essential insights that serve as...

The words Digital Transformation has reverberated in boardrooms across the globe for quite some time now. With so many business, operational, and societal benefits, it is little wonder that every business – big or small – wants to crack the code of a successful digital transformation approach. However, regardless of how well documented the benefits of DT are, the reality on the ground is that many organizations find it challenging to get an appropriate ROI. A recent survey of directors, CEOs, and other senior executives discovered that despite being the top concern in 2019, 70% of all Digital Transformation initiatives last year, worth approximately $900 billion, went down the drain. Let’s try and understand what are the 5 takeaways from a Successful Digital Transformation Approach . 1. DT SHOULD SOLVE A BUSINESS PROBLEM Digital transformation is not about technology alone. Successful implementation of digital strategies is only possible when it focuses on solving a business pro...

It has been for many decades now that global supply chains have been bearing the brunt of disruptions, be it natural disasters or geopolitical issues. The Covid-19 pandemic has brought to the fore vulnerabilities in supply chains, which resulted in revenue loss, customer churn, and diminished market value for organizations. Covid-19 has reiterated the need for organizations to embrace new-age supply chain technologies in their bid to build future-ready supply chains, which will not only help organizations ride out any supply chain storm, but also stay well equipped to thrive in the future. Of course, the telling effects of the coronavirus have compelled organizations across the globe to take a hard look at their existing supply chain models and accelerate measures to focus on core elements of risk management, business continuity planning, and technology innovations in their overall supply chain strategies.The unprecedented times have made it imperative for organizations to identify ...

Organizations as well as governments across the globe are according high priority to cyber risks. In the computerized world of contemporary times, the potential of new risks emerging every hour of each passing day is very high. It is also important to mention that being connected to the internet only enhances the possibility of hackers wielding their negative influence on organizations. Needless to say, cybercrime is emerging as a big business with hackers bracing up to identify weaklings within organizations. No wonder, there is a never-before-seen-like focus among organizations as well as governments to address the issue of cyber risk. The need of the hour for organizations and governments is to devise a well-thought-out cybersecurity strategy, wherein they can keep the hackers at bay. So much is at stake as monetary and reputational risks can be really high. This is where Advanced Security Analytics is so critical for organizations and governments to ensure a cyber-attack free envi...

The trail of devastation unleashed by the outbreak of Covid-19 has broken the back of many well-established supply chains , thus reiterating the need for organizations across the globe to deepen visibility across various touch points. And this brings into play the much-talked-about 5G technology – a technology that promises a lot to drive supply chain innovation. The technological capabilities of 5G technology bring so much to the table in propelling supply chain innovation. 5G for supply chains ensures ultra-low latency, exponentially faster data speeds, more reliability, massive network capacity, increased availability, more uniform user experience, etc. 5G can facilitate supply chain innovation by offering speeds up to 100 gigabits per second and is said to be as much as 100 times faster than 4G. This technology can be deployed at a lower cost than in the past driving higher productivity through more advanced technology implementation and greater connectivity, speed, and reliabil...

The power of 5G is immense and promises to drive enhanced efficiencies across supply chains . Global supply chains are grappling with a myriad of challenges such as real-time visibility, demand-supply imbalances, and fast-changing customer expectations. The emergence of digital technologies has a gargantuan potential to ensure supply chains are more efficient, cost-effective, and error-free. This brings into focus the might of 5G technology and how it can drive supply chain innovation by helping organizations ensure their supply chains are agile, resilient, and future-proof. 5G for supply chains is not a nice-to-have thing but an absolute business imperative for organizations looking to put in place future-ready supply chains that can effectively deal with disruptions along the way. Let us try and understand where there is so much talk about the 5G technology enabling supply chain innovation. Well, it is largely because 5G carries several positive attributes over 4G. The 5G techno...

The changing market dynamics coupled with cut-throat competition have left organizations with no option but to walk down the Digital Transformation road. But merely deciding to jump on to the Digital Transformati on bandwagon is not enough as organizations need to have an adequate understanding of how they can optimize their business by embracing Digital Transformation. Over the last few years or so, Digital Transformation initiatives have indeed set tongues wagging as it holds immense promise to transform the future of business, of society, the way we live, work, interact, etc. According to a report released by Gartner, 40% of CEOs listed the company’s growth as their top priority. But to fuel sustained business growth organizations need to adopt a successful digital transformation approach . On many occasions, it has been observed that organizations have a superficial understanding of Digital Transformation and this explains why they have been unable to maximize gains from their D...

According to WTO, global merchandise trade in 2020 fell by 13% to 32% due to the Covid-19 crisis and disruptions. The biggest impact was on North American and Asian economies, and much of it can be put down to the massive global disruption of long-established supply chains . Existing supply chains were always susceptible to disruptions and had in the past, floundered in the face of geopolitical changes and natural disasters. However, Covid-19 exposed their inherent weaknesses to a deeper level and in a more sustained manner. The resulting loss of revenue, customer churn, and diminished market value have forced organizations across the globe to rethink their existing supply chain models. This has created a pressing need for organizations to adopt next-gen supply chain technologies to ensure business continuity in the face of global disruptive events. Organizations are increasingly focusing on rebuilding their supply chains to be more robust and resilient versions of their past stru...

Shopping ways are indeed changing! For many consumers spotting a grabby watch in a magazine, on a billboard, or somebody’s wrist can be an exciting feeling. But the very thought of driving to a store, finding parking space for your car, identifying the right size in stock, and waiting in a queue to pay can be a dampener. All these elements associated with in-store visits have prompted consumers to opt for easy-to-use mobile apps to meet their shopping needs. The surge in e-commerce over the years has brought into focus the importance of Reverse Logistics. Of course, Reverse Logistics has been part of retailing for many years now, but its significance has been felt more given the e-commerce boom. The proliferation of digital technologies across industries has driven enhanced efficiencies and promises to transform the Reverse Logistics processes . After all, the increasing fastidiousness of consumers means that they would settle for nothing but hassle-free return policies that exude ...

Supply chain innovation is the need of the hour given the challenges global supply chains face, in terms of lack of real-time visibility, demand-supply imbalances, and changing customer expectations. This is where the 5G technology can drive supply chain innovation by helping organizations ensure their supply chains are agile, resilient, and future-proof .   5G for supply chains is no more a buzzword but rather a business must-have for organizations to make their supply chains sustainable. Why is there so much hype about 5G driving supply chain innovation? Well, it is because 5G is smarter, faster, and more efficient than 4G. 5G for supply chains can be a potential game-changer for the strong differentiators it brings to the table.   5G for supply chains ensures ultra-low latency, exponentially faster data speeds, more reliability, massive network capacity, increased availability, more uniform user experience, etc – what’s more, it can facilitate supply chain innova...

Reverse Logistics is not a new phenomenon – it has been an integral part of retailing for over a hundred years now. However, it was only in recent years that Reverse Logistics came more into prominence with the e-commerce boom and it has emerged as a key component of any successful, streamlined supply chain. In present times, consumers expect no-fuss return policies, which perhaps explain why returns on e-commerce orders are three to four times more than brick-and-mortar purchases. Evolving customer expectations meant that no-fuss return policies were the sole objective of consumers, who would not settle for anything other than a hassle-free return policy. According to a study conducted by the Reverse Logistics Association, e-commerce order returns are three to four times more than brick-and-mortar purchases. These findings clearly indicate that there is heightened Reverse Logistics activity within the e-commerce space.   Reverse Logistics is assuming increasing importance...