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2019 May

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The Internet of Things and Big Data Management

 

 

A new survey from Juniper Researchand Gartner Insightson How to Lead in a Connected World, has revealed that in 2020, the total number of connected IoT, will exceed 50 billion devices compared to 21 billions of connected devices in 2018.

 

Organizations are using the vast amounts of data available from IOT diverse sources such as, wearable devices, smart sensors.With the huge increase in numbers of IOT devices, companies are facing unmanageable amounts of data. By using this data and rapidly analysing it, theyare makinginsightful decisions and usingthe information in a more targeted way to deliver better service, improvetheirbusiness processes, increase operational efficiencies, and last but not the least, grow revenues.in order to extract valuable information from the gathered data, they also have to come up with a strategy over data storage and protection. Society is reliant on the storage, process and transmission of data therefore ensuring the integrity, security and privacy of this data is fundamental.

 

The IoT devices can be located anywhere in the world and are part of every imaginable living and working environment. Our phones, computers, smart home, fridge, machines, cars are the existing proof of IoT.We are living in a world where IOThas formed a massive transformation in our way of living. Not only in our everyday life but wecan seea strong expansion of IoT in all industrial sectors. IoT networks devices are being used worldwide without restrictions.

 

As experts highlighted, with more than 20 billion connected things expected to be in use by 2020, organizations can be sure that cyber-criminals will be developing new ways in order to extract data that can be converted into money.Thus, organizations must also find new ways and update their traditional approaches and existing strategies to manage and protect their data.

 

In IoT,IT security remains a major technical challengeas all the devices and people are connected with each other to provide services at any time and at any place.Mostof thesedevices are not equipped with efficient security mechanisms and are vulnerable to various privacy and security issues e.g., confidentiality, integrity, and authenticity, etc. For the IoT, some security requirements must be fulfilled to prevent the network from malicious attacks. Herebelow aresome of the most required capabilities of a secure network.

 

      • Resilience to attacks: Most enterprises take years to build up their trustworthy reputation of a reliable organisation but overnight that reputation can be irrecoverably damaged by a cyber-attack or massive data leak.Therefore, the system should be capable enough to recover itself in case if it crashes during data transmission. For an example, a server working in a multiuser environment, it must be intelligent and strong enough to protect itself from intruders. In the case, if it is down it would recover itself without intimation the users of its down status.

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    • Data Authentication: Today, attackers can easily gain access to internal networks, whether at a remote branch or in the headquarters, by taking advantage of mobile devices and BYOD policies. They do this by posing as on-site contractors or launching phishing attacks against employees.Once attackers authenticate onto the network, they can connect to the applications used for IoT. With many enterprise architectures, cybercriminals can execute network-layer attacks — even if they are unauthorized to access the application — disrupting the service.Thus, the data and the associated information must be authenticated. An authentication mechanism is used to allow data transmission from only authentic devices.

 

    • Access control: Only authorized persons are provided access control. The system administrator must control access to the users by managing their usernames and passwords and by defining their access rights so that different users can access only relevant portion of the database or programs.

 

  • Client privacy: IoT data is mostly unstructured and can therefore easily be stored in the public cloud infrastructure. All major cloud vendors provide cost-effective, scalable storage systems based on object storage solutions. With fast networks and free data access, large amounts of enterprise IoT data can be optimally stored in the public cloud.Therefore, the data and information should be in safe hands. Personal data should only be accessed by authorized person to maintain the client privacy. It means that no irrelevant authenticated user from the system or any other type of client cannot have access to the private information of the client.

 

Clearly cyber-attacks are damaging and costly, however the true cost to an enterprise is in the damage to the trust the users place inproducts and the system. Not only can cyber-attacks damage individual businesses, the knock-on effect for the whole digital economy could be devastating. Due to the multiple layers of information flow for IoT devices, enterprises are under constant pressure and have to deal with the threats in these environments and the complex conditions that are constantly changing and evolving. Faced with these turbulent conditions, in order to ensure long term survival of the business, they must embrace agility and resilience to the core of any information assurance strategy.

 

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Essentials Tips for Choosing Supply Chain Management Software

Supply Chain Management Software

The supply chain is the backbone of every industry, when it is optimized you can expect growth, when it is not you can expect less than stellar results. Additionally, one of the biggest nightmares for comapnies is having profitability interrupted by running out of stock. A simple mistake could easily cost them thousands of dollars and allow their competitors to get ahead. But thanks to supply chain management software, it’s never been easier for companies to avoid such pitfalls. Supply chain management tools and techniques make it possible for users to reduce errors and costs while optimizing the entire supply chain. To achieve maximum efficiency in your supply chain, you must have full control over several aspects of your business operations-procurement of goods, inventory levels, sales, shipments, and vendor management.

 

Therefore, choosing CMS software is a very important part for an enterprise, as they’ve to overcome the challenges of managing products across channels, aligning inventory and delivery, coordinating with suppliers and manufacturers, all while connecting in-store purchases and pickups with online orders.Being able to automate much of the management by having reliable software means that there is less work involved in the management of the software, more reliability, and an improved workflow. Of course, choosing the software is the difficult part. There are several good options on the market, and the tips below will help to choose the software that will work best for your industry.

 

Inventory Management:  Your SCM software must give you a complete picture of your current and forecasted inventory levels, sales and purchases orders, and shipment details. It should also make sure that you’ll never be out-of-stock or overstocked. By tracking the movement of raw materials and finished goods and provides information about the number of items stocked at a particular warehouse you can avoid the listed problems.

 

Data integration: Ensure integrated data management to enable smooth collaboration among all supply chain partners both nationally and internationally. It is a plus point if the software can be used by your international colleagues in their native language. Multilingualism is an absolute must in our global world. You must pay attention to the use of standard software for data integration and management instead of self-programming. This saves costs and nerves when processes need to be changed and when you need updates. And eventually they have to be changed.

 

Detect anomalies: The SCM software must recognize inconsistent data or incorrect data input and either warn the user or even better automated self-solve according to appropriate rules. This saves trouble and costs for all parties.

Order Management: Order processing is massively important to any supply chain, and as such, SCM software provides the tools needed to make this task easier and more efficient Make sure that your CMS is able to track orders from the time it’s placed until the time it’s delivered. Maintains a record of customers, delivery and goods returned, as well as information on payments and reimbursements.

 

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Shipping Management: Shipping Management is an important part of Logistics Management, which is covered under overall umbrella of Supply Chain Management. By makingsure intelligent workflow technologies are helping to reduce user interaction to a minimum and making the shipment process as efficient as possible by shipping products at the lowest rates, have a track of shipped products during transportation, keep record of all shipments, and analyze shipping patterns.

An increasingly popular supply chain management tool, real-time alerts provide real-time updates on all shipping activities. Typically, large companies, such as Amazon, have high-volume supply chains with many different types of cargo shipped to customers around the country or around the world.

 

Forecasting and Analytics: Using analytics, today’s SCM software is capable of processing huge amounts of supply chain data in a blink of an eye. Not only does analytics provide insight into past practices, it also predicts product demand based on analysis of sales data and helps plan procurement of raw materials and production schedules accordingly. Based on past trends, using supply chain forecasting tools helps you anticipate your customers’ demand.

 

Inventory Management: We all have heard about Henry Ford’s Just In Time Production. The idea is that companies create only what’s needed at the moment, determined by current and projected customer demand. The overall goal of this practice is to optimize your production planning by cutting down on warehousing space, inventory costs and the different procedures of storing excess inventory. Inventory tools allows to have a return on investment for a business, decreasing the need for warehouse space and streamlining their labor force.

 

Supplier Collaboration and Management: Along with other advantages, supply chain management tools can also help businesses get a better understanding of how they relate to their suppliers by supporting a flow of information between your business, suppliers, and customers to ensure they are updated about the different processes in the supply chain.

 

While each supply chain function is important, they are not all equally important. SCM software that is flexible will be able to help you to focus on the areas that are important to your company. You must identify your organization needs and avoid yourself to get stuck in a lot of features that aren’t needed for your organization activity, before investing in a CMS software. Try to keep it simple and as focused on your needs as possible to get the most out of the suite.

Supply Chain Logistics and Management

 

Supply chain logistic, known as the backbone of global trade, is a network of many partners involved such as customer, dealers, manufactures,transportation, external warehouse,suppliersand inventory. Sometimes a delivery comes along with delay, sometimes there is something wrong in a package, delivered article is different to ordered article and sometimes a shipment is lost. This is annoying for all sides. It costs time, energy, money and sometimes even the customer.

 

Managing correctly supply chain is huge challenge that companies are facing. To achieve this, it is important for everypartner involved in process, ranging from purchasers to shippers to order pickers, to work with the same information. Thisinformationincludes order data, shipment information, loading lists, receiving logs, invoices, credit notes – so when all this datais pushed back and forth across various formats, self-programmed interfaces and heterogeneous systems, not everything goes as planned. Often it is the heterogeneous systems interfaces and lack of communication between the various IT systemsthat cause problem. These IT issues can result in problems such as customernot receiving his packageor receiving wrong article. Stock-listwasn’tupdated because the server was down, and nobody noticed it.

 

Therefore, supplychain logistics executives must know how to choose the most advantageous mode of transportation, how to design and set up a warehousing facility, how to control and manage inventory and assets, and how to set up an efficient logistics network while minimizing cost and delivering andcustomer service.Only with the integration and help of afine-tuned logistics, supplychain logistics executives can gain an overview of theiroptimal stock levels and know exactly when to place new orders. And theycan ensure on-time delivery of the right product to its due destination.

 

IT–Key Player component of Supply Chain

As therequirements of the participants in such logistics chains are diverse and very heterogeneous, standards for formats are not always guaranteed, especially in international data exchange. Any discrepancy in ordered item and delivered item can result expensiveand/orproduction shutdown. Such and similar problems arise when, for example, the data systems of local enterprisescannot communicate with the international branches. The solution of this problem can be found if the software responsible for the process for data integration worldwide retrieves the required data and transmits into the desired formats.

 

Data Interpretation and Data integrity problem

Data interpretation is a vital part of supply chain management as it’s used to improve your ability to estimate future sales, reduce shortages and overstock and when the data is interpreted correctly, both in national and international trade, it results in having the right products at the right time in the right number at the right place.
Most companies end up having data integrity problem, such as,

 

  • Their current strategy isn’t always equipped to handle a vast amount of data.
  • They don’t know about sources of their data,
  • Even if they invest in a new system, they may struggle transferring data back and forth. Moreover, those who manually transfer data risk human error. If data differs between systems, they have no knowledge over which one is right.
  • If their systems aren’t updating in real-time, this will cause issues as they can’t ensure being on same page as their suppliers and customers. Especially when transitioning with new supply chain parties, your data integrity is at risk.

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With proper inventory management, companies can increase transparency and their suppliers and customers can have real-time access to data. This helps to increase efficiency and decrease wasted time.
Plus, having real-time access to current data improves decision making.

 

Data integration and SCM need to work together smoothly

In order to deliver the right products at the right place, it’s highly important to have the software that guarantees smooth data integration and the Supply Chain Software (SCM)work together seamlessly as acompetent center for heterogeneous supply chains so that all partners in a supply chain are always up-to-date and in the right state.

 

Automatic Anomaly Detection
Anomaly detection is all about making better decisions and there is no industry that needs accurate decisions more than the supply chain industry. Agood SCM softwareshould be able to detect automatically any anomaly.Machine learning is just one of the ways that companies in the supply chain industry are confronting these challenges. Using an anomaly detection platform for demand planning can help suppliers to ship goods with more efficiency.

 

As the Supply Chain Management is the integration of key business processes from end user through original suppliers that provides products, services, and information that add value for customers and other stakeholders, transparency, ease of use, system speedand ability to react agile and flexible to future requirements at any time are the factors that drive success. If all those involved in the logistics process can ensure that the right processes are automatically triggered, that anomaliesare detected and rectified in time,right deliverycanreachon time tothe customer.

The Impact Of Digitalization On the Future of Work

Digitalisation and the future of work

We are openly experiencing a technological transformation more than ever before, whether it’s in our daily life private life and, in our work place. Our way of communication and consuming things and services can’t be compared to a few years earlier. On the workplaces, creative entrepreneurs are using digital technologies as a few ways of expending their goods and services by revolutionizing business models, redrawing the boundaries between industries and creating new interfaces to the customer. Digitization is leading to structural changes in our economy.

 

The idea behind digitalization and automation that most people still have is that they think these technologies will destroys labour and people will be replaced with robots and lose their jobs.  But they ignore that digitization is creating new jobs. Studies have shown that 65% of our children will work in future on activities that do not yet exist today. With this disruption going on, organizations must think of how can new working concepts be realized in favour of companies and employees? How can employees work more productively and efficiently, and how can strengths be better utilized?

 

In order to overcome this challenge, Businesses should focus on their business software and innovative approaches to more efficiently use data and provide the best possible support to their employees. Here are the main tips to prepare your organization for the Future of Work:

 

Education is the Key

Employees are the most valuable operational resources. Whit digitalization, there are new skills that they must have. To bridge the knowledge gap, organizations mustinvest in education and training programs for their employees. These training programs can be initiated for certain demographics that aren’t yet employees, in order to prepare them with the skills they need when they enter the workforce, potentially at your organization.

 

Understand the different groups within your organization 

There are three types of people when it comes to adapt changes in the way people use to work. Strong resisters are those who’ll never accept the transformation, eager embracers are those who are happily willing to adapt changes to improve their work quality and middle-majority it’s the group waiting to be influenced by other two. It is important for leaders to capture and channel the energy of the eager embracers in order to get the middle-majority on board; otherwise, those in the middle can and usually will be influenced by the strong resisters.

 
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Make it easy for them 

There is the people side of things and also the teaching and documenting side of things. Create step-by-step instruction guides that make it easy for employees to accomplish the new workflow instead of expecting them to become experts after one demonstration. Be sure to give them the opportunity to provide feedback and opportunities to improve the workflow if they are the ones using it every day.

 

Engage them in the process from day one 

A good manager knows how to identify the slower adapters to change and can involve those team members early on in designing, evaluating and ultimately owning the process. It might take longer to launch, but in the long term, it will allow for faster implementation since they have already bought in and contributed to the new process.

 

Integration of ERP

ERP can improve quality and efficiency of the business. By keeping a company’s internal business processes running smoothly, ERP can lead to better outputs that may benefit the company, such as in manufacturing, employee development and HR. ERP supports upper level management by providing information for decision making.
With the integration of smart business software, management can find out whether their employees are working hard, completing most of assigned jobs successfully and without errors, and who is nearby to accept a new job. In addition, it is possible to indicate which skills are still not available enough, and that opens the door to hire employees. The ERP serves as the central unit, which unites all processes and information uniformly.

 

Observe data protection and involve employees

Personal data are subject to the requirements of data protection. This also applies to employee information stored in ERP. Companies may only act with the data that is actually necessary for the respective tasks and processes. In traditional ERP, data protection does not play a major role, because the margin that can be achieved with a product, for example, is not of great importance to employees. However, if you want to use a solution that builds on employee-related data and uses them, you should always involve the works council or an employee representation in advance.

It is becoming increasingly important to capture and determine whether employee engagement as a resource is appropriate. Those who are open with their employees, provide them with useful and supportive tools and sometimes dare to break new ground, are ahead of the competition and future-proofing their company.

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