Paminy Blog: Emerging Technology Trends, AI, ML and Cybersecurity

Key Considerations when Choosing the Right Global Application Managed Services (AMS) Vendor for SAP

Discover 7 key considerations that global enterprises should take into account when seeking an AMS partner for SAP.

Enterprises across multiple industries are becoming more international, a trend is driven largely by global mergers and acquisitions (M&A). The first nine months of 2018 saw a record amount of global M&A activity, the Financial Times reports, with deals reaching a total value of nearly $3.3 trillion, up 39% from 2017. Companies pursue global M&As to enter new markets, fuel revenue growth, obtain patents and technologies, reduce distribution costs, and spread risk, among other motivations.

Key Considerations when Choosing the Right Global Application Managed Services (AMS) Vendor for SAP. Photo by QuickOrder on Unsplash

Whatever the sound strategic reasons behind international M&As, globalization has increased pressure on enterprise IT departments to make sure the digital networks and the business applications they support are functional within and across national borders. It is crucial, therefore, globally active companies retain a homogeneous IT landscape and guarantee business processes run smoothly, with 24/7 support in all available time zones.

This is no small challenge.

International use of mission-critical business application platforms such as SAP can be enormously complicated. Among other things, IT departments must know country-specific customizations for archiving, taxation, or customs regulations in SAP and be able to implement or change them quickly.

As if that’s not enough, global IT shops must enable digital transformation through the integration of emerging technologies such as the Internet of Things (IoT), artificial intelligence (AI), data analytics, edge networks, mobile, and cloud computing. Although these projects are crucial, they divert resources from day-to-day IT support activities and strategic business initiatives.

In the IDG “State of the CIO 2018” survey, 88% of the respondents said their role “is becoming more digital and innovation-focused.” But the day-to-day responsibilities of running a network, maintaining an IT infrastructure, and ensuring global interoperability of business applications and processes—often without adequate internal resources and skills—make it difficult, if not impossible, for IT leaders to focus on innovation and digital transformation.

It’s no surprise, then, that many global organizations are turning to third-party managed services vendors to provide the expertise or services for efficient day-to-day IT operations, to deploy and support the business applications that keep global enterprises running. The right IT services partner can successfully manage SAP, Oracle, Microsoft, and other enterprise resource planning (ERP) applications, including integration, maintenance, troubleshooting, and sunsetting as well as digital transformation strategies and deployments.

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Connect In-Office and Remote Teams with Microsoft Surface Hub 2S

For the fashionable worker, almost any environment can be a work environment, from their desk to a room, and from a home office to an eating place to an airport. This can be the case now quite ever as knowledge workers around the world and across multiple industries have migrated to work from home. In short, remote work is here to remain.

But simply because modern workers are physically scattered, they still need a way to speak and collaborate face-to-face as if they were within the same room. They require to be ready to brainstorm and innovate any time in any space, and they want the collaboration experience to be consistent regardless of where they’re.

Keep reading this article to learn more about employee experiences and expectations in the modern workplace using Microsoft Surface Hub 2S, the solution that creates a consistent collaboration experience across the office and virtual environments. Continue reading “Connect In-Office and Remote Teams with Microsoft Surface Hub 2S”

Data Streaming Technology Transform Risk Management via Real-Time Information Processing

In risk management, the need for speed has never been more pressing than during the current crisis. Batch processing has been deeply embedded in the banking industry for decades now. From processing end of day batch processes in core systems (e.g. calculating interest) to sending data downstream for various purposes such as feeding the general ledger, feeding risk systems, reporting systems, etc. batch processes have been so deeply embedded that almost all organizations have developed their operating models around batch processing. For many years this approach worked well for organizations both in terms of technology as well as operational efficiencies, despite some of its challenges.

This article explores how a new wave of data streaming technology led by social media giants like LinkedIn, Google, and Netflix is now challenging the status quo and forcing organizations to rethink their operating model leveraging technology that processes and delivers information in real-time.
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7 Ways Business and Workspaces Change in the Future

As we enter a new era of business, workspaces will evolve to become healthier. Discover seven ways the workplace could change as workers return to the office.

No one could have predicted the tectonic disruption to America’s business community that we’re experiencing right now.

7 Ways Business and Workspaces Change in the Future

Overnight, leaders found their businesses operating in an alternate reality. A remote reality. A digital reality. A reality where bedrooms and kitchens double as makeshift home offices. But what does this all mean for the future of offices?

A new era of business is upon us and we need to reimagine a new generation of workspace to fit its needs. A space that is healthy, well, and resilient.

Read on this article to explore 7 ways business and workspaces will change soon, including:

Demand for healthy buildings
Remote work as a business strategy
A new generation of space that will emerge
And More!

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Book Summary: Applied Economics – Thinking Beyond Stage One by Thomas Sowell

This excellent, short, clear book should be part of everyone’s reference library, particularly those who wish to understand standard conservative economic thought. The distinctions author Thomas Sowell draws between political and economic logic should become a valuable part of each voter’s mental apparatus. Writing to educate the general reader, not to further instruct the sophisticated economist, the author advocates minimal government interference. He calls for as little regulation as possible, mainly because regulations have unintended and usually undesirable economic consequences when seen with a long-range perspective. Sowell’s concise, easy-to-read style cuts through the jargon of most economic discussions to lay bare the underlying, plain heartwood. It is easy to quibble here and there. Sowell doesn’t offer lots of statistics and back-up material. And, he seems to argue against individual economic decision making when he tilts a drug pricing discussion into a sermon against Americans buying medicine at low Canadian prices. However, we find that his book stands on its merits nonetheless, as long as you understand that the author has a political – as well as an economic – point of view.

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Book Summary: Atomic Habits – An Easy & Proven Way to Build Good Habits & Break Bad Ones by James Clear

Habit expert James Clear believes small changes in human behavior have a more profound impact on habits over time than singular, large shifts. He calls for coupling a desired new behavior with a usual behavior. He warns against boredom and self-satisfaction, which, he asserts, impede the formation of new habits built on frequent repetition of the behavior. To change bad habits, Clear maintains, you first must develop an awareness of your daily routines. He urges taking continuous, small steps toward forming new habits that will eventually replace old ones. Frequent repetition automates behaviors and turns them into habits. Rewards and incentives, such as enjoyable activities, nurture the effort of instilling good habits. Your identity aligns with your habitual behavior. Clear cautions against complacency – a drawback to cultivating good habits – and recommends refining your behavior continues to achieve lasting change. To that end, he provides simple, actionable steps. Those seeking to switch bad habits for good ones will benefit from his guidance.

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