Control Based Processes
February 12, 2025
The Importance of Healthcare and Examples from around the World Health and Education are social sectors that need governmental support and funding. This is especially the case in developing countries where a vast majority of the people do not have the means to afford expensive and prohibitive medical care. This is the reason why many […]
The Benefits of Having More Women in the Workforce As most organisational and business experts agree, there is a business case to be made for Diversity and Inclusivity in terms of the enrichment of organisations where there are greater number of women and gender and racial minorities. Right from the variety of opinions that diversity […]
Export credit agencies are quasi-government agencies. These agencies are usually backed by government institutions. This means that they are under the purview of government authorities and also have access to taxpayer funds. All developed countries in the world have created their own export credit agencies. Collectively these agencies wield a tremendous amount of influence on […]
Project control module is used for organizing long term projects such as building a ship or power plant. The production environment resembles make to order situation where customer order driven purchasing, production, estimating, engineering, planning and control is done. This module also enables in setting up, analyzing and amending the budget for the project undertaken […]
What is Arbitration and why it is so important and how does It Take Place? We often hear the term, Arbitration, or Commercial Arbitration, used in multiple contexts in business literature. As the name implies, Arbitration, is a process of settling disputes that arise from differing interpretation of contracts between businesses as well as a […]
Although IT has been touted by the experts as being the bedrock of next generation of business in which large organizations encompassing several thousand employees will seamlessly operate in a global environment, there are a good number of issues to be resolved. However, as we have already seen the merits of using IT solutions as BPM tools. The following issues need to be confronted.
However the recent introduction of cloud computing has the capabilities to face the challenge. Advances in technology are now helping smaller companies use software like we use e-mail. One just needs to have an internet connection, no set-up, no servers, no infrastructure required.
One good example of the same is salesforce.com, which charges customers on a per user basis. Thus even small companies can have the benefit of good quality software irrespective of their size.
Since business functions in an integrated manner, it needs applications which do the same as well. But integrating different applications to support a synchronized process has become a difficult task. The IT companies are touting Service Oriented Architecture (SOA) as the solution. A discussion about what SOA really is, is beyond our scope. However, it must be noted that it is at a nascent stage and holds tremendous promise to make all system related woes disappear.
The two biggest buzzwords in IT, SOA and Cloud Computing are most likely to resolve the issues.
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