Tag: Decision Inc.

At the end of last year, the world’s leading 40 mining companies had a combined revenue of approximately $925 billion. In fact, the net profits of these organisations grew by 127% on the back of high commodity prices and prudent cost management.

At the end of last year, the world’s leading 40 mining companies had a combined revenue of approximately $925 billion. In fact, the net profits of these organisations grew by 127% on the back of high commodity prices and prudent cost management.

The effects of the global pandemic have permeated every facet of our professional and personal lives. How we approach work and how organisations view business fundamentals have irrevocably changed. The pandemic has catalysed digital business initiatives with the focus shifting to adapting to the demands of employees, customers, and other stakeholders.

The hybrid working model will likely become the new standard operating model for many organisations in various industries. However, there are still significant concerns to address before it is successful. Whether it is employee connectivity, access to back-end systems, and cybersecurity to name a few, companies must rethink how they approach this digitally-driven environment.

If a business wants to become truly data-driven, then its employees need to be equipped to understand and work with data as well as have meaningful conversations around that data. In short, they need to be data literate.

Even though modern technology is introducing new capabilities for organisations looking to adapt to evolving customer needs, the human element should never be forgotten. Whether it is a business-to-business or business-to-consumer company, much of its success comes down to how adept it is to build customer engagement and deliver a good experience.

COVID-19 cannot take all the blame for the disruptions taking place in the global economy. The pandemic and resultant lockdown simply provided a conduit for highlighting the failings across industries in South Africa, whether that is healthcare, public transport, education, or others.

Leverage virtual meeting tools and capabilities to cement customer and employee relationships. The current coronavirus pandemic has caused many countries such as UK, USA, Italy, Spain, South Africa and Germany, among others to follow a lockdown approach.

Artificial Intelligence (AI), Machine Learning (ML), and Advanced Analytics have become hot buzzwords in the business world. But for many business analysts and business owners they are nothing more than that – just words. Many companies feel an urgent need to apply these concepts but are at a loss as to how and where to implement them, and what true value can be gained.

The global coronavirus pandemic has impacted the supply chain industry in several ways, many that will change it forever. It has been a year of complete and comprehensive change. The 2020 pandemic has altered the way people work and live. It has changed the ways in which different sectors approach business and growth.