October 2019: Are you realizing benefits of AI for your business? Artificial Intelligence (AI) is spreading across all industries nowadays, it's enabling innovation and breakthrough initiatives that have not been possible before. By increasing productivity, and providing deeper insight into data analysis, AI opens horizons for business growth. Not only in technology industries, AI techniques are adopted everywhere. Technologies like machine learning, neural networks, robotic process automation, augmented reality, virtual reality, etc., are getting more and more supported by technology vendors and manufacturers, and consequently increasingly adopted by companies in their businesses. Risks resulting from this trend are threatening of human jobs which will be replaced by machines and robots, which is expected to be in large scale effect. The benefits to businesses on the other hand are much surpassing human factor losses in terms of business results.
September 2019: How to use KanBan in Process Improvement? KanBan is a visual management tool used in applying lean management approach. As for all lean management tools, the purpose is to reduce waste and minimize effort and time for best productivity, while avoiding over production. It's a visual management tool because it uses color coding and written indications for controlling process flows. KanBans can be in the form of item cards which include item descriptions, or it can be using colored boxes, which are used for replinishment signals at the item production point. KanBans are used to move produced parts to their point of use, and after prodcued items are consumed or sold, the KanBans are returned back to reproduce. Production only is triggered by number of empty KanBans, so that no excess items are produced unless there is consumption needs placed. Eventually this saves losses, costs, storage, and several wastes.
August 2019: What is Cloud Architecture? Architecture generally refers to the composition of an overall system in terms of constituent components and subsystems. With regard to cloud architecture, the same concept applies. Most cloud service providers allow users to configure their cloud environment using building blocks at various layers of architecture, starting from infrastructure components, platform components, and up to higher levels of application components. This architecture depends on the user needs and requirements for performance and functionality. The cloud architecture is not static, it's dynamic in nature, to flexibly adapt to changes in workloads or in requirements, and this can even be automated scaling, triggered by conditions, or manually adjusted. Use of Multi-cloud environments where the user merges components from various providers is another form of cloud architecture across environments.
July 2019: What is Simulation Training in business? Simulation training is the activity in which technology is used to mimic real world situations so that trainees can practices actions with limited consequences and risks for learning purposes. Usually simulation is based on embedded technology using computer systems, where the system calculates results according to user inputs and decisions, in order to show expected behavior if same actions are taken in real life. Sometimes this interaction occurs between the computer system and one user, and in other cases it is interaction between two or more players or teams and the computer system, which is one sort of gamification for learning. In addition to training applications, simulation systems can also be used for scenario analysis and decsision making in choosing between alternatives. Simulation systems think and act based on models developed for each training case.
June 2019: Which Corporate Strategy is better for you? Corporate strategies usually deal with different types of strategies, each having different choices to make. The directional strategy deals with the company's overall orientation towards business growth, stability, or retrenchment, this depends on many factors related to the companies internal and external situation. Growth strategies can be either concentrated on main markets and products (vertical / horizontal integration), or by diversification of business lines. Stability strategy implies sustainment of current profits, with no change, pausing or waiting for future circumstances. The retrenchment strategy usually means shrinking of business or even liquidation. The second type of strategies is portfolio strategy, dealing with markets and products offered, and third type is parenting strategy, for coordinating product lines and business units.
May 2019: What is an ERP system? ERP stands for Enterprise Resource Planning, and it's a very common term is today's business environment. It refers to an information system that's used to automate many of the organizational cross-functional activities, in an integrated way that can extend to activities beyond the organizational boundaries. It's a collection of sub-systems related to supply chain management, accounting, customer relationship management, HR, sales, procurement and contracting, etc. Many ERP systems are available from several software providers, with different features that fit various business needs and sizes. Usually companies who decide to implement an ERP system do this on an incremental manner, by adding modules of the system one after another, based on priority and needs, to convert from manual systems to the ERP automation.
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