Tag: cloud technology

As the hype around artificial intelligence (AI), and more particularly, Generative AI, continues to grow, manufacturers must assess the benefits of adopting this cutting-edge technology into their platforms and processes. Similar to the innovation in cloud technology, the closer AI is to a business’s processes, the more transformative it will be.

In recent years, the cloud has emerged as an undeniable powerhouse in the Enterprise Resource Planning (ERP) market, with projections indicating a staggering transformation from the current $64.7 billion valuation to an astounding $130 billion by 2027. The allure of cloud-based ERP is undeniable, offering cost savings, swift implementation, enhanced flexibility, and accessibility for businesses to scale seamlessly.

Hybrid work, the rise of the Internet of Things, and analysing data close to the edge mean traditional ways of safeguarding data are no longer sufficient. Zero Trust has emerged as a more proactive way for businesses to keep their systems, data, and networks protected against compromise.

Small and medium-sized enterprises (SMEs) have always been compelled to find and leverage every opportunity to remain competitive and stay ahead of the curve. Amidst all of the disruption of the past two years, this need has become a business imperative.

Technology adoption has played a huge role in how Small and Medium Enterprise (SME) navigated the past two years. Some businesses have used their tech to stay connected to their team and customers, while others found digital solutions to be the difference between closing their doors and maintaining a regular income.

The life insurance and annuity industry proved resilient in 2021, even in the face of the many challenges associated with COVID-19. It’s now a given that the pandemic forced insurers to adopt digital technologies and operate more in the digital space. This digital shift is the source of the industry’s resilience as more companies, and customers, enjoy the benefits of their digital transformations.

For those who survived the initial shock of the COVID-19 crisis, the question is: Now what? Since there is no going back to business as usual, it is time for companies to turn the page and concentrate on planning for mid- to long-term priorities.

In the aftermath of the virus outbreak, 2020 has certainly been a challenging year for the manufacturing sector. The World Bank predicts the pandemic will push Sub-Saharan Africa into its first recession in 25 years with growth predicted to fall to -3.3% for 2020. Reduced demand has taken its toll on the balance sheet and cash flow of most producers.

While some may have viewed 2020 as a write-off, the technology sector has seen a massive upswing. As a result of forced, mass digitisation, 2021 promises to be a fruitful – albeit challenging – year for technology. Globally, there are three key predictions that could shape success in the year to come.

Leadership in times of crises is crucial because both citizens and employees look to their leaders for assurance, vision and direction. What makes leadership all the more critical is that when rapid change disrupts most aspects of an organisation, even its leaders are learning in real time.