Tag: operating costs
Opportunities and challenges of Artificial Intelligence in the hospitality industry
Global tourism has begun surpassing its pre-COVID-19 peak. South Africa remains a popular tourist destination with the hospitality sector contributing significantly to its gross domestic product (GDP). Competition in the hospitality industry is intensifying, making the marginal and not-so-marginal gains offered by artificial intelligence (AI) a vital consideration for any hospitality operator.
Lease audits unlock compliance challenges and savings benefits
The lease stands as the cornerstone of occupier-landlord relationships in commercial real estate. Yet beneath the surface of these meticulously drafted documents lies a complex web of financial obligations and legal stipulations that can easily become tangled. The more leases an organisation has, the higher the risk of costly trip-ups.
Why trade credit insurance matters
South Africa is currently experiencing challenging political and economic conditions, which has a direct impact on the financial and trading performance of businesses. Vulnerabilities to external shocks have also converged at the worst possible time in our post-pandemic economy, with the impact rapidly manifesting in financing becoming more difficult to secure, more expensive and dwindling foreign direct investment.
How to avoid costs when moving to the cloud
The world has changed immensely since on-premise infrastructure was considered the best option for company applications. Today, most companies have begun shifting toward off-premise options, such as cloud and co-location.
Retailers must accommodate the 86% of consumers who still use cash
With recent research showing that only 14% of South African consumers are ready to go completely cashless, retailers should be looking at ways to accommodate their customers’ preferred way to pay, while also reducing their operating costs.
REPORT | 73% of CEOs believe global economic growth will decline
Nearly three quarters (73%) of CEOs believe global economic growth will decline over the next 12 months, according to our 26th Annual Global CEO Survey, which polled 4,410 CEOs in 105 countries and territories in October and November 2022.
Technology can drive and shape sustainability
Sustainability is the new digital. Becoming sustainable as a business is not a matter of 'if' but 'when'. It requires demonstrating a purposeful approach to environmental, social, governance and technology issues, maintaining strong ethical standards, and operating responsibly.
CFOs drive influence for business growth
Despite innovation and change in the finance function, many CFOs are taking on this critical leadership role only to continue running the finance function as is. The actual value-unlock is achieved by digitising your finance function to free up your teams to focus on improved capital allocation, identification of growth opportunities and innovation as well as the application of sustainability techniques to drive down operating costs and reduce your organisation's carbon footprint.
Network vandalism – stopping us from connecting our people
In our mission of digital empowerment for all our people in South Africa, we face a constant battle against vandalism of network sites around the country. The scale of the problem is enormous, and the cost of repairing and protecting our sites affects our ability to roll out connectivity in areas that need it most.
The future supply chain is purpose-driven by intelligent technology
The retail supply chain is large and complex, and constantly needs to adapt to meet changing demand from end consumers. The need for multi-channel fulfilment across online and in store adds to this complexity. Accurate demand forecasting is critical to every part of the chain, from manufacture to distribution to sales.