ality check and will eventually use this year to develop their next-decade strategy, as far as data is concerned.
First of all, AI, ML and the Internet of Things (IoT), and of course full process digitization will be a focus for companies. They see them as required capabilities, and therefore are willing to invest in more digital innovation. Read more
2020 is just around the corner so there are already predictions about specific trends in cloud computing and changes that will inevitably occur. In fact, developments in cloud computing industry move at such a pace and are so dynamic that at some point it becomes impossible to follow and difficult to predict. Read more
We have already talked about the importance of good risk analysis and management for every kind of organization. On the other hand, poor risk management has the ability to impact your business severely on each level. Let’s have a look at the potential consequences that this could lead to. Below you can find 5 of the most significant impacts of poor risk management as well as what you could do about them, or avoiding them. Read more
Usually risk is only thought of as the thing that can ruin your life and/or business. Indeed, risk events of any category can be fatal to a company’s strategy and eventually to its survival. Risk analysis and management is a huge industry which includes thousands of companies but it is also for the individual too. Because individual investors face many risks too. Read more
An EU Strategy and Action Plan for Customs Risk Management was adopted mid-2014. It identified the actions to reach more coherent, effective and cost-efficient EU customs risk management at the external border of the EU. The risk management strategy pointed out seven priority areas, impacting IT, legal and procedural aspects. They should be achieved within the timeframe of the implementation of the Union Customs Code. Therefore, two areas have been identified as the first operational priorities. The first one is the need for high-quality data on supply chain movements and also its proper availability and communication. The second – risk-relevant information-sharing including control results.
The Union Customs Code together with its Implementing and Delegating Acts have introduced new legal obligations which necessitates ICS2.0. Read more
With the hit of the digital revolution, the outlook and the parameters of data science underwent a serious change. The world nowadays is creating more and more data which causes the need and the emergence of new technologies and roles in the field of data science. Read more
Although internet penetration was already significant in the beginning of this century, many people still question the relevance of digital technology. At that time cloud computing was just getting started and artificial intelligence was not seen as something realistic and applicable. E-commerce made up not more than 4% of all retail sales. However nowadays all these technologies are the key to be competitive enough. The tricky part is that implementing them is far from an easy and smooth process. According to analysts as much as one third of all digital transformation efforts actually succeed. Read more
Data governance is a requirement in today’s highly competitive enterprise environment. It would actually be correct to say that data governance is not a matter of option. It is a must for every organization dealing with large amounts of data. The management, as well asthe proper usage of the information across an organization is what leads to success. Data governance ensures that the data is trusted, secure, compliant and easy to find within your organization. Read more
When one starts the planning process for a project, one of the main things (or the main one) of your planning makeup is risk itself. In other words – what could possibly and eventually go wrong? To many of you it may sound as а negative mindset but it is in fact a preventative one. Issues are an integral part of every process, but if you have a strategy in mind to tackle them, risk will be minimized and managed. Read more
You have your ERP system in place already, but you are not sure how to maintain it? We have listed some of the things you need to have in mind regarding the upkeep of your enterprise resource planning system.
Needless to say, an ERP is a powerful tool, but if you do not keep it sharp through ERP maintenance, the performance will drop away. If you don’t pay enough attention to it, its life cycle will be very short. Read more