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Showing posts from May, 2017

Digital Tools and Digital Practices for Success

It has become somewhat obvious in recent years that technology is essential for the advancement of businesses. However, what's the best way to advance? A study recently conducted by Google and Deloitte Surveying, affectionately called, "The Study," found that online advertising and digital business tools have done a lot to improve the productivity of small business across the globe. In most cases the tools increased productivity by 300% . Deloitte surveyed businesses that implement Facebook, Twitter, YouTube, Instagram, and Pinterest to see if there was any difference in their productivity. This entailed the social media side of the survey. The other side of the survey analyzed the effects of things such as websites, analytics, online marketing, cloud-based communication, and other digital channels. Before diving into Deloitte's study, it would be a good idea to separate the alternate realities of social media and digital tools. According to the Meriam Webste

Business Process Discovery

Business Process Discovery (BPD) in relation to process mining, is the endeavor to portray current business processes and business variations in an honest light. With this, organizations can asses situations and problems with the intent of improvement. There are several components to BPD, each playing a part in its functionality.   Emergent Paradigm - Where current business methods are organized from top-down manual operations, relying on second-hand interpretations of business data. An automated system of data collection relies on the collection of data over a certain period of time. From there, data can be analyzed to reform the business process. Automated Process Discovery - By automating the analysis of data, the subjectivity of current manual process analysis techniques is removed. The analysis system has an ingrained methodology that- through trials and periods of reform- has been shown to more accurately depict business data and process variations without the infringemen

EDI Revolution in Business Processes

Shopping now as opposed to thirty years ago is quite different. Today we have eCommerce stores (online stores), and many specialized outlets for products. But with all this input, what are some ways that your customer's overall experience can improve? One way is the use of EDI , (Electronic Data Interchange), which is an electronic communication method that provides standards for exchanging data through any electronic means. In the context of inventory, sales data can be exchanged between companies. By adhering to the same standard, two different companies or organizations, even in two different countries, can electronically exchange documents (such as purchase orders, invoices, shipping notices, etc.). EDI has existed for more than 30 years, and there are many EDI standards, some of which address the needs of specific industries or regions. It also refers specifically to a family of standards. In 1996, the National Institute of Standards and Technology defined electronic data