Technology

3 Benefits of Cloud Tech – Anywhere, Anybody, Anytime

The digital age is upon us, and those who do not embrace this change will most likely not survive. From brick-and-mortar shops under threat from e-commerce, to even banks and other financial services competing with mobile banking, there’s no denying that technology is fast-evolving and businesses need to keep up before they get labelled obsolete. One of these key areas that should be adapted is operations, with the assistance of cloud tech.

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How Cloud Accelerates the Internet of Thing's Need for Speed

In the Internet of Things (IoT) space, pain points vary widely across industries. IoT technology for enabling a smart city has very different dynamics and ramifications than the technology needed to make a smart watch for example. Regulatory hurdles for a government project may take a decade to address, whereas a consumer product could go through multiple generations of changes in one percent of those timeframes. Adoption rates for IoT also vary widely – with retail, consumer products, and manufacturing leading the way, and financial services, natural resources, and education taking longer to adopt. 

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The Rise of the Modern Manufacturing CFO

The role of CFO at innovative product companies has quickly evolved from “bean counter” to powerful agent of change and business leader. In manufacturing's past, the role of the CFO has been limited to accounting practices, such as ensuring company compliance with financial reporting and control requirements — rather than any direct involvement in specific IT strategic initiatives.

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Listen to Your Customers

Here’s a connect-the-dots exercise. Design-focused companies have outperformed the S&P 500 index by 228 percent in the last decade. Salesforce, which offers the most intuitive, highly configurable CRM SaaS solution on the market, grows 25% year over year. In a recent CNN product design survey, two of the top ten product designs in the last century — according to design experts — were from Apple, a company soon to be worth a trillion dollars.

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