Is Technological know-how Shifting Existing Business Styles Or Merely Incorporating A Electronic Layer?

By Lucas Escouto, SAP

We stay in a globe dominated by know-how organizations. We see new IPOs each individual thirty day period, stocks are frequently achieving all-time highs, and the quantity of applications in our pockets grows by the hundreds each individual yr. All businesses rely on technology to deliver their products and services and items to prospects – tech has become the regular.

On the other hand, does that indicate all firms are tech corporations? Is technological know-how certainly changing existing enterprise styles or simply adding a electronic layer? Teri Hamann, Senior Vice President at SAP, and Mike Maiolo, CEO of Rizing, used some time wanting for responses on the initially episode of the podcast sequence Prepared. Set. Renovate.

All set. Established. Change.Are All Businesses Getting Technologies Companies?

The improved adoption of technological innovation by each and every enterprise in the environment has blurred the strains of historic classifications of what organizations are and which industries they belong to. A single or two many years ago, the associations made use of to be a good deal much more simple. If you make toys, you are a toy business. If you promote foods, you are a foods firm. But companies like Amazon, Fb and Tesla, are tricky to determine primarily based only on what they sell.

In accordance to Teri Hamann, it’s fewer about the item getting offered and far more about the how your organization design is designed all-around technology.

“Through engineering you will enhance your customer’s lives and guarantee the results of your organization,” explained Hamann. “In that scenario, you can call you a engineering enterprise. It does not subject if you are creating cars or promoting true software. If technological innovation touches each individual place of your enterprise, in my impression, you are a tech organization.”

Applying of tech for what issues most

Reflecting on the evolution and upcoming of your company is basic, but assessing your technologies investments to get there is just as crucial, in accordance to Mike Maiolo.

“I really do not assume you have to say you are a tech company, but you absolutely have to determine out how to use tech to be the best firm you can be,” stated Maiolo. “You have to appear at what you are in company to do, and that does not necessarily mean what you sell, always, it can be what encounter you are making an attempt to address. You have to embrace the use of engineering for innovation, for becoming as effective as you can be, at whatever it is you’re picking to be.”

Better buyer practical experience, larger margins, expertise attraction, loyal shoppers, model consciousness, more quickly product or service cycles – anything at all can be realized with the use of engineering. Embracing know-how and making use of it to all spots of an company will assist corporations increase a lot quicker and turn into

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The Top Business Technology Trends for 2021-2022

With the new year just around the corner, the world of business is set to see great change. From 5G and the Internet of Things to the blockchain, new technology trends are creating a digital transformation for companies on a global level. In this article, we’ll take a look at the latest trends in technology to keep an eye out for in 2022 and beyond.

Top Technology Trends for Businesses in 2022

2022 Updates to ISO 27002

In 2022 there will be an update to the ISO 27002 supplementary standard (ISO 27002:2022). ISO 27002 is a reference guide for implementing the optional security controls listed in Annex A of ISO 27001. These controls help companies create an ISMS (information security management system) that complies with the Standard.

Examples of Proposed Changes

  • New controls including data leakage prevention and web filtering.
  • Re-structuring/consolidations/removal of existing controls

While these updates will not have an immediate impact on the ISO 27001:2013 framework, they will provide added context and clarity for those seeking ISO/IEC 27001 certification in 2022, particularly as it relates to modern data security practices such as cloud security.

5G and the Internet of Things (IoT)

The impact of IoT on security in the workplace

Learn more about the security impacts of IoT in our infographic

5G’s future rests on software-defined networking (SDN), whose main concept is to decouple the infrastructure of wireless networks from expensive, closed hardware and shift it to an intelligent software layer running on commodity hardware.

Tom Canning, NetworkComputing.com

The 5G network represents the next generation of mobile communication. Its speed improvements alone are a revolution; 5G will take roughly one millisecond to respond to commands, whereas 4G can take up to 200 milliseconds.

The improved efficiencies offered by the 5G network will benefit businesses that rely on IoT (physical things connected to the internet). Self-driving vehicles, for example, rely heavily on IoT devices to navigate roadways and traffic. Property management and leasing companies are now using IoT devices to build and maintain smarter buildings that utilize connected HVAC infrastructure and automated door locks, thermostats, smoke detectors, and more.

Investing in the 5G network and expanding the use of IoT in business will also help to reduce a company’s carbon footprint. The reputation of a business is now, more than ever, heavily predicated on the practices and technology put in place to help reduce the harm that the operation inflicts on the environment and the climate.

With digital technology systems such as 5G and IoT, businesses can reduce their carbon footprint by up to 15% by 2030, according to an article published by Jens Malmodin and Pernilla Bergmark for the Atlantis Press.

Artificial Intelligence

AI has become integral in our daily lives as smartphones and their various applications, including artificial intelligence software such as Apple’s Siri and Google Assistant. McKinsey estimates that by 2024 AI-generated speech will be behind more than 50% of people’s interactions with computers.

With AI, your smartphone can be used to measure distances and to simulate the way that a piece

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Technology incubator receives $200,000 to boost IT workforce > Columbia Business Report

A grant from Truist Fiscal Corp. will fund scholarships and education at the College of South Carolina Columbia Technologies Incubator.

The $200,000 grant goes via the Truist Charitable Fund, a donor-suggested fund at The Winston-Salem Basis. It is supposed to help the upcoming facts technological innovation workforce in South Carolina, in accordance to a news launch.

The USC Columbia Technological know-how Incubator’s mission is to assist progressive individuals and organizations expand by way of education, mentoring and an proven perception of local community in the downtown incubation facility that serves business owners in the Midlands.

“We are grateful for Truist’s generous contribution and motivation to supporting workforce improvement in South Carolina,” Chad Hardaway, the USC Columbia Technology Incubator government director, claimed in the launch. “This grant will play a important role in bolstering the state’s employee workforce by furnishing far more South Carolinians the option to additional their instruction and ultimately grow to be skilled to fill the in-need jobs all over the point out.”

The grant is supposed to offer chances for job progression and have a ripple effect — supporting men and women broaden their skillsets, giving steadiness for families, and enriching communities, Mike Brenan, S.C. regional president for Truist, explained in the release.

The aim is to distribute 300 scholarships of $500 that will lead to a education certification or credential for South Carolina inhabitants, with a specific concentrate on minority applicants.

“The board and I are very pleased of the USC Columbia Technologies Incubator’s history of usually stepping in to serve the most urgent desires of our region,” USC Columbia Know-how Incubator board chairman Bill Kirkland said in the launch. “Thank you to our buddies at Truist for their generous guidance. This grant developments the incubator’s management part in acquiring a better-skilled workforce of the long term as properly as continuing to serve the entrepreneurial neighborhood.”

The USC Columbia Technologies Incubator will endorse the availability of Future Workforce Scholarships for those fascinated in entering or advancing in IT or other similar vocation paths, the launch explained. The grants will give needed reskilling or upskilling for persons influenced by shifts in work due to COVID-19 or other economic situation, the release mentioned.

The USC Columbia Technology Incubator will use the funding to complement or add to current scholarship applications by the S.C. Department of Work and Workforce, the S.C. Technical University Procedure and other local community associates.

“This grant provides alternatives for occupation improvement and has a ripple effect – it assists folks expand their skillsets, provides stability for people, and enriches communities,” Brenan stated in the launch. “At Truist, our objective is to encourage and create far better life and communities, and we’re happy to support the USC Columbia Engineering Incubator and the possibilities it will help make for South Carolinians in the course of the Midlands.”

The USC Columbia Technological innovation Incubator is a nonprofit corporation sponsored by USC, city of Columbia, Lexington County, Richland County, and other group partners.

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Huawei revenue slides in Q3 as smartphone business remains crippled

A Huawei brand is noticed on a cell telephone monitor in their keep at Vina del Mar, Chile July 18, 2019. REUTERS/Rodrigo Garrido/File Picture

SHENZHEN, China, Oct 29 (Reuters) – Income of China’s Huawei Technologies Co Ltd (HWT.UL) plummeted 38% in the third quarter in comparison to the identical period a yr earlier, with U.S. sanctions getting hobbled its smartphone organization and new likely advancement regions nevertheless in their infancy.

The Chinese telecoms giant posted profits of 455.8 billion yuan ($71.32 billion) for the first 3 quarters on Friday, down by virtually a 3rd on the very same time period a 12 months before, with a profit margin of 10.2%.

Profits for the third quarter on your own arrived to 135.4 billion yuan, primarily based on Reuters calculations.

Effectiveness was “in line with forecast”, mentioned rotating Chairman Guo Ping.

Former U.S. President Donald Trump put Huawei on an export blacklist in 2019 and barred it from accessing important U.S.-origin engineering, impeding its skill to layout its have chips and resource parts from outdoors vendors.

The constraints have poorly harm Huawei’s handset enterprise, with rotating Chairman Eric Xu indicating in September that revenue from smartphones would dip by all around $30 billion to $40 billion this year. examine extra

Though Huawei did not split down its 3rd quarter figures by small business section, the business mentioned that the decrease is largely attributable to its purchaser company.

Huawei occupied 8% of China’s smartphone sector share in the third quarter, down from 30% a yr previously when it was the market chief, according to Counterpoint Investigation.

On the other hand, Honor, formerly a sub-brand which Huawei marketed to continue to keep it alive last November, sold 96% more phones in the exact quarter in contrast to a yr earlier, grabbing a 15% share of the China current market, Counterpoint mentioned.

Huawei is wanting to build new growth profits streams outside the house of foundation station infrastructure and handsets, with a cloud business, and smart ports, mining and clever electrical vehicles enterprises.

In June it released its Harmony operating program on smartphones, and is on the lookout to source program to autos businesses.

But these new lines will consider some time to bear fruit, executives explained.

The company, having said that, has received a improve from the return of its main economical officer and daughter of its founder Ren Zhengfei. Meng Wanzhou returned to get the job done at its headquarters on Monday immediately after practically three years combating extradition to the U.S. in Canada, with Chinese officers signalling the circumstance against her had been dropped to assistance to close a diplomatic stalemate. examine far more

($1 = 6.3910 Chinese yuan renminbi)

Reporting by David Kirton Modifying by Christopher Cushing

Our Benchmarks: The Thomson Reuters Have faith in Rules.

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How To Select the Best Marketing Technology Partner for Your Business

How many times in the past six months have you heard that “customer behavior is changing rapidly”? According to Michele Fitzpatrick, Retail Industry Strategist with Acxiom, 89% of shoppers changed “how” they shop over the past 18 months, and they are not likely to return to pre-pandemic behaviors, ever. To keep up with these changes, Brand and retail marketers must seek to meet customers “where they are” in their purchasing journey, and the solutions to this challenge will be found in a new generation of marketing technology.

The question looms, how should you go about selecting the optimal technology partner to support the needs of your customer marketing efforts? In this article, we’ll share a solid list of considerations to identifying the right partner for any technology you are considering and suggest changes to your decision-making process that may surprise you.

Digital Transformation is here and now. The pandemic accelerated retailer development of all things digital, and they are continuing to devote resources and further investment to maintain momentum. It should be a path that your key stakeholders are walking with confidence. After all, if your customers have gone digital, why aren’t you moving quickly in the same direction?

A similar transformational change in the MarTech sector also occurred. Only a few years ago, a survey of one-hundred RFP’s seeking a loyalty management system would have centered on the same 5-6 providers, all of which offered end to end bundled solutions. Today, there are a more diverse set of options available to marketers, in many cases highly focused, best in class marketing technology solutions to address a specific part of the customer experience tech stack.

Modular loyalty technology solutions provide options

Through this transformation, the approach of seeking a loyalty management system to meet all needs has been disrupted by the concept of modular technology. This has made the end-to-end provider model just one option, not THE option.

There are now multiple groups of solution providers organized around individual components of the MarTech stack. The good news for brands is they can breathe easy that full replacement of enterprise platforms is not needed just to add new capability. Instead, there is opportunity to append nimble, lightweight technologies to meet specific needs without burdening either your budget or your IT resources.

Personalized loyalty solution provider Exchange Solutions is one such company to watch. Retailers can now accelerate the opportunity to grow their loyalty program performance by adopting modular loyalty solutions, such as Exchange Solutions’ new offering called Promo Enhance, powered by their ES Loyalty product. This SaaS based solution is an optimal fit for retailers that need to maximize their promotion personalization efforts but lack the resources and hefty budget required to completely replace their existing platform, including those offered by their competitors, according to their recent launch announcement.

The procurement process of the future should seek to match the nuanced needs of customers with the specific benefits of built-for-purpose software. It is more important than ever for marketing leadership

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Jianpu Technology Wins Top Fintech Innovation Award and Reveals Business Developments in New Categories and Markets

BEIJING, Oct. 29, 2021 /PRNewswire/ — Jianpu Technology Inc. (“Jianpu” or the “Company”)(NYSE: JT), a leading independent open platform for discovery and recommendation of financial products in China, is pleased to announce that it recently won the prestigious 2021 Top 10 Fintech Innovation Award (the “Award”). The Award, bestowed by “The Chinese Banker” recognizes Jianpu’s excellence in enabling the digitization of financial institutions.

As one of the most influential acknowledgements within China’s financial industry, the Award (in its 14th edition) is widely respected by the fintech industry, regulators and financial institutions. Winning the Award alongside banks such as WeBank, Pingan Bank and China Everbright Bank is a validation of Jianpu’s achievements and contributions in financial industry innovation. Jianpu remains committed to innovation-led growth, embracing artificial intelligence, data science, analytics, cloud computing, machine learning and other technologies to explore and seek breakthroughs across financial product categories and geographies.

As China’s largest independent credit card application online platform, the Company has facilitated the cumulative issuance of over 20 million credit cards. In addition to traditional content-driven traffic, the Company leverages social media to promote its platform via an initiative called Social Media and Partner Program (the “Program”). Launched in 2018, the Program has been highly effective in user acquisition and engagement, resulting in approximately two thirds of credit card application volume via this channel. Jianpu will continue to leverage the Program to expand into other financial product categories and new business verticals.

In diversifying the financial products offered on its platform, Jianpu has also entered into the insurance brokerage sector. With the mission and vision of “Making Insurance More Accessible via Technology”, the Company has developed a solution for individual brokers that enables intelligent deal management, insurance product matching and streamlined transaction processes.

Jianpu has also expanded its footprint into Southeast Asia markets by applying and adapting its successful formula and pioneering business models. Winning the trust and support from local regulators and partners, the Company has secured several important permits and registrations in the fintech sector, including financial product aggregator, credit scoring and transaction authentication. Going forward, Jianpu will continue to drive inclusive financial services overseas to benefit more populations around the world.

Mr. David Ye, Co-founder, Chairman and Chief Executive Officer of Jianpu, commented, “As a fintech pioneer, we have placed a high premium on technological innovation in the first decade since our founding. We strive to help financial institutions accelerate their digitalization, enhance accessibility of their products and services, and consequently better serve the real economy. Notably, we have helped small- and medium-sized enterprises to withstand the pandemic by making certain financial services and products more accessible.”

“We appreciate the recognition of ‘The Chinese Banker‘, as well as the industry participants. Down the road, we will continue to innovate in such realms as integrated digital capability, consumer education and protection, financial inclusion and accessibility, so as to better serve our users and financial institutions and fully tap into market opportunities in

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