It’s estimated that there are already 23 billion devices connected to the Internet of Things (IoT) in use worldwide, and it is estimated that the figure will swell to anywhere from 31 billion to 200 billion by 2020. With experts saying that 60% of the market will consist of corporate devices, IoT in the workplace is surely set for an imminent explosion.
Since its inception over the last ten years, the process of digital transformation in a corporate sphere has been slowed somewhat due to the ongoing battle between the IT and finance departments. With CIOs prioritising the strategic value of technological innovation and CFOs often only concentrating on cost discipline alone, the two have historically been at crossed purposes. However, the tide may now be turning.
Thanks to the proliferation of digital technology, many established corporations have been disrupted by start-ups who have embraced technology to gain a competitive edge. Giants such as Blockbuster – who had the opportunity to buy Netflix for just $50 million in 2000 – have gone defunct, while the latter’s market cap recently passed $100 billion. So how does your corporation avoid the same fate? What distinguishes the disruptor from the disrupted?
Toolbar button icons improve the usability of a system as they graphically prove a queue to the system user to perform system actions. In K2, generic toolbar buttons exist to describe an action which can be performed. Examples of these icons include; Add, Delete, Check In and Check Out. However, there may be a requirement to use a specific icon to describe an action which is not included in the standard ‘out of the box’ icon list.
It’s no secret that insurance companies globally are beginning to take digital technology, or more specifically insurtech more seriously. As a way of launching the industry into the digital future. Despite being ever so slightly behind the curve, insurance firms large and small are toying with technology like software bots, artificial intelligence and IoT. Helping to increase customer loyalty, push their expenses down, and create more competitive products.
Velocity, the boutique process automation specialist, has launched its brand new website, whose user-friendly interface optimises the user journey and welcomes business oriented visitors to browse a growing library of business tech resources.
Automation technologies help firms to optimise resources, elevate performance and maintain a competitive advantage. In industries where growing regulatory pressures, data volumes and customer expectations are a challenge, robotic process automation (RPA) can lighten the load. RPA solutions can be configured to automate routine, repetitive and time-consuming processes. The software ‘bot’ operates on application user interfaces (UI) in the same way a human would – only much faster and more accurately.
The modern business workforce is increasingly technologically aware and capable. Thanks to the high accessibility of smart and connected devices, many employees couldn’t imagine life without digital technology, both in the office and beyond. In most industries, people are growing more comfortable using technology as a business tool and a digital transformation is an exciting step forward.