SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Using Cloud for Business Management

Starting a small business can seem tough and impossible at first when, there is so much to do on the front end before you even open the doors for your customers . We are now in the age of the art of technology which uses cloud computing to store all of our information and access if from anywhere we are. Not only does this make operating a business easier, but it makes the process much more efficient. The cloud can be your secret weapon to any aspect of the start-up process of your business. Here’s how.


Read more at: 
 http://www.business2community.com/cloud-computing/6-ways-use-cloud-start-business-01669177#o3OZvYPJyqBGeKit.99

 

 

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Artificial Intelligence Expected to Double Economic Growth in 12 Developed Countries

Artificial intelligence (AI) could double annual economic growth rates by 2035 by changing the nature of work and ushering a new relationship between man and machine. The impact of AI technologies on business is projected to boost labour productivity by up to 40 percent by fundamentally changing the way work is done and reinforcing the role of people to drive growth in business.
 
“AI is poised to transform business in ways we’ve not seen since the impact of computer technology in the late 20th century,” said Paul Daugherty, chief technology officer, Accenture, the primary company to have come up with this research result: “The combinatorial effect of AI, cloud, sophisticated analytics and other technologies is already starting to change how work is done by humans and computers, and how organizations interact with consumers in startling ways. Our research demonstrates that as AI matures, it can propel economic growth and potentially serve as a powerful remedy for stagnant productivity and labour shortages of recent decades.”

 

Read more on the research results of the AI impact at : https://newsroom.accenture.com/news/artificial-intelligence-poised-to-double-annual-economic-growth-rate-in-12-developed-economies-and-boost-labor-productivity-by-up-to-40-percent-by-2035-according-to-new-research-by-accenture.htm

 

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Future Trends In E-Commerce Web Design

An eCommerce website is successful when it has a good website design as it increases attractiveness and efficiency of the site which leads to customer conversions and sales. But, the world of web design is changing faster due to the shifting consumer demands. Thus, in order to stay on top, one has to follow the most recent trends. Read more at: http://it.toolbox.com/blogs/this-is-it/ecommerce-web-design-trends-predictions-for-2017-74590

 

 

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Major Tech companies join hands to form Vendor Security Alliance

Major Tech companies are all set to launch Vendor Security Alliance (VSA) - a new coalition committed to improve cyber security standards. The mission of VSA is to address cyber security risks and to establish cyber security standards that will help businesses to evaluate the security of third party vendors.This initiative is headed by Ken Baylor, Uber’s Head of Compliance. The VSA will work with top security experts and compliance officers and will release a yearly questionnaire to benchmark risk. The questionnaire aims to provide a standardized assessment that can be applied across different industries. It will enable companies to ensure that the other companies they are working with are secure. This will also save time and money that companies usually spend to evaluate the partners they work with. To read more about it, visit: http://www.infosecurity-magazine.com/news/uber-twitter-and-others-join-forces/

 

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Why CRM System Is Essential

The customer relationship is the most important thing in any business. But, sometimes, companies cannot give personalized attention to customers. So, companies nowadays are investing in a good CRM system. This article link explores the reasons for investing in a CRM system for a business. The reasons are - A CRM system provides an all-in-one database, Helps in better customer service, Helps departments to stay connected, and increases ROI, also tracks opportunities for businesses. Read more at: http://it.toolbox.com/blogs/insidecrm/5-reasons-to-invest-in-a-crm-software-system-for-your-business-74485

 

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Cloud Collaboration Reduces Disaster Recovery

Back during the times of floppy disks and tapes, disaster and data recovery used to be two different aspects.  Creating data backups on tapes used to be time-consuming and a hectic job. The disk backup did ease the time-taking aspect, yet backup and recovery of data during times of emergency turned out a tedious task.

In today’s world, Cloud has changed the entire scenario. Not only does it allow data backup facilities, but disaster recovery as well. While off-site backups can take time to retrieve from storage and then deliver, instant Disaster Recovery from a cloud data centre means that anyone can  back up and run data in a matter of hours. This procedure is drastically reducing Recovery Time Objective (RTO) and other factors, as well as obliterating the threat of unstable network configurations or incompatible drives.


Read more at : 
http://www.business2community.com/cloud-computing/move-cloud-transformed-disaster-recovery-01660795#e0Kg4wwQuDLIAtlq.99

 

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New Trends in Intelligent Applications

Whenever we talk about some advanced applications, we can see that we have moved way too ahead in the field of Artificial Intelligence (AI). Machine Learning (ML), a branch of AI, is a major factor to turn applications into intelligent ones. There are companies which are building such ML/AI technologies and others are incorporating ML/AI technologies in their applications and services to make it smarter and to provide customer better and easy facilities. But for the automated applications to provide better customer experiences, we need to have human beings in the loop. Although we have achieved great success in building many ML/AI applications, but we are still in the early stages of the journey. For more details, check the given link: https://techcrunch.com/2016/07/06/key-trends-in-machine-learning-and-ai/

 

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Turing Test: Prime Evaluation Technique of Artificial intelligence

The Turing Test, proposed by Alan Turing in 1950, is considered as a basic definition of Artificial Intelligence. It was used to see if something is a person or a machine. A computer passes the test if an interrogator cannot tell whether the answers come from a person or a computer. To pass a rigorously applied test, computer need to have certain capabilities like Natural Language Processing, Knowledge Representation, Automated Reasoning and Machine Learning.

But a recent study shows that the Turing Test has some limitations. Co-author Kevin Warwick, a computer scientist at Coventry University in England said that the Turing Test will not work in the case where the person or machine whoever is being interrogated chooses to stay silent. Read more about it at: http://www.livescience.com/55356-flaw-detected-in-turing-test.html

 

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Blunders made by companies while working with Big Data

 Many a times we have observed companies quote data to support an argument to a statement. This however has been detrimental to the rise of data in general. How? Let us give an example. According to research it has been found that 2.5 quintillion bytes of data are created on a daily basis. Though that is a quintessential amount of data generation, but it is all the more astonishing to learn that 90% of this existing data has been already created in the last two years. The point is Big Data might be a huge hype in the industry, but the intelligent leaders should understand, that it is not the end-word. Big Data should be intelligently crafted with business strategies to provide desirable results.

To know and learn more, check out: http://www.business2community.com/big-data/biggest-mistake-companies-make-big-data-01645333#lClpgY4wJI7yodbO.97

 

 

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Are we ready to give the powers of life and death to the robots?

We have come a long way from coding a simple calculator to programming robots to do our tasks. In the near future, we will be relying on robotic systems that are completely autonomous for tasks varying from driving a car to making life-death decisions like performing a surgery or prescribing medications. But the question arises “Are we ready to entrust the Robotic systems to make life-death decisions? Would we be able to program robots that understand the moral values, customs and rules by which we abide? Roboticists are figuring out the way to deal with the moral or behavioral problems that might arise with the robots. And hopefully, it will go great in the end. Read more at: http://spectrum.ieee.org/robotics/artificial-intelligence/can-we-trust-robots

 

 

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Why Information Security Is Important For An Organization

Nowadays, organizations are concerned about information security. But, what is information security? Some define it as policies and compliance. Others say it keeps the network and sensitive assets in check. And many say that it’s a barrier. Most organizations fail to implement information security as they don’t understand the subject and does not question conventional thoughts about the subject, and listen to every piece of advice that vendors, auditors, and other outsiders throw at them. Read more at: http://it.toolbox.com/blogs/itmanagement/the-essence-of-information-security-and-why-many-people-often-miss-the-boat-74330

 

 

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How to maximize data use in IoT

According to a research, it was found that there will be 6.4 billion IoT devices out in the world and another research found that organizations are only using roughly 25% of the IoT data collected and the overall IoT market is expected to reach $14.4 trillion by 2020. IoT data if used efficiently would help organizations to improve customer service, supply chain logistics, cost reductions and improve overall employee productivity. This article explores some ways to maximize IoT data use. Read more at: http://it.toolbox.com/blogs/inside-erp/five-keys-for-maximizing-your-iot-data-74303

 

 

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How To Implement IoT Technologies In An Organization

With the advent of Internet of Things (IoT), an organization can reach to a wider audience. For example, a toothbrush maker nowadays, may not be concerned about making plastic toothbrush handles. Instead, they may come up with an electronic device that can track the way a user brushes their teeth and also advise them on dental hygiene.  Nowadays, IoT devices are used by governments to measure and transmit real-time data from streetlights, traffic cameras etc. This article by ianmcgrath (IT Manager), explores the ways that enterprises can leverage IoT technologies. Read more at: http://it.toolbox.com/blogs/it-small-business/the-4-levels-of-iot-implementation-74279

 

 

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Deciding Factors For Cloud ERP

Moving your ERP system into the cloud has many advantages, but there are disadvantages too. We will have to take into consideration about the costs before moving into the cloud system. The payment models for cloud ERP are very different from on-premises software and we have to look at the details about this also before taking any decision. Maintenance is another area on which we have to focus before deciding. Read more at: http://it.toolbox.com/blogs/inside-erp/making-the-cloud-decision-in-erp-74266

 

 

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How Voice Recognition Technology Is Changing Business

In today’s business world, voice recognition technology is gaining importance and in CRM context, speech-to-text tools are playing an important role. This article explores the reasons why CRM and voice recognition technology is important. The advantages are - Voice recognition technology improves data entry, Voice recognition software improves customer services and streamlines business processes. Read more at: http://it.toolbox.com/blogs/insidecrm/how-voice-recognition-technology-is-changing-crm-74209

 

 

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How to target millennials through CRM?

Millennial refers to the population aged between 18 and 34. This makes up the largest chunk of mobile users, i.e. 85%. Thus technology consumption is the highest in this generation and CRM software can help brands to generate profit from this generation.

Social media is a powerful tool. Social media details are becoming more lucrative than communication methods and CRM stores these social media details in one place. It is a well known fact that almost all social media users search for product information and news from brands and also communicate with brands on social network. Most popular social media platforms are Facebook and Instagram.

Real time behavioral tools generate deeper insights into consumers’ purchasing pattern. These tools nowadays are available with CRM software. Real time data help to target precisely and also improves customer satisfaction.

Improving customer service is the key to success.  CRM software helps to track communications between customer and customer representatives and thus helps in resolving complaints promptly. 

To read more follow:- http://it.toolbox.com/blogs/insidecrm/3-ways-to-use-crm-to-target-millennials-74198

 

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Increasing sales through content marketing

Content marketing when synced with CRM (customer relationship management) system increases profit throughout each phase of the sales cycle. There are 3 ways in which, uniting content marketing and CRM systems can generate higher sales.

1.       The case studies, applications and the customer testimonies provided by content marketing pieces bridges the gap between indecisions and confirmation of the customers.

2.       It is also important to keep updating the customers through recent customer successes, trade articles, new customer wins, product innovations, and the latest research. This results in portraying the company in front of the customer in a passive and informative way.

3.       The CRM systems should be used to let the sales department know when a new piece of content marketing is published. This closes down the gap between sales and marketing.

 

Thus content marketing plays a crucial role that helps to generate insight of a customer and ultimately creating a valuable partnership with the business. To read more follow:- http://it.toolbox.com/blogs/insidecrm/3-ways-crm-can-help-you-close-sales-with-content-marketing-74186

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How are CRM systems beneficial to start-ups?

Many a times start-ups fail due to internal communication problems or lack of knowledge on work processes. Here customer relationship management (CRM) systems have an important role to play to manage and promote early growth of the businesses. Here are a few advantages of a CRM system for a start-up business:-

1. Access to automation process by an integrated CRM system saves time and money.

2. CRM is a beneficial tool for marketing as it can handle email marketing communications, following up with sales leads and continuing to promote the messages of the business.

3. CRM enables to tailor the data and make meaningful analysis for the businesses.

4. CRM provides a personalised first-class customer experience that makes a start-up unique from others.

To continue the business in the long run it is very important to have a service system that provides automation process, stores customer information and improves marketing efforts.

To read more follow: - http://it.toolbox.com/blogs/insidecrm/4-reasons-crm-systems-work-for-startups-74141

 

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How to keep your data safe?

 To keep the data in electric form is much easier as it does not require physical space. Here are a few ways to keep a safe backup of business data:-

1.  USB flash storage is small gadgets and thus very useful to carry around big business data.

2. A hard drive provides a huge amount of storage, but they can easily break down when not handled properly.

3. Cloud storage is the most recently introduced storage options. It also provides large storage space and doesn’t require high IT knowledge.

4. A solid state drive is a revolutionary technology that offers incredibly high data transfer speeds.

5.A Great option for backing up data is the establishment of a local network. This makes backing up process fast, easy and secure. To use a combination of these solutions is the best way to keep the data safe and secure. To read more follow:-1.     http://it.toolbox.com/blogs/marketing-strategies/keeping-your-data-safe-5-available-storage-solutions-for-your-business-74118

 

 

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Qualities of a good game designer

In recent times game designing has become a very demanding job. Here are a few things required to be a good game designer:-

 Essential skills include basic knowledge of coding, solving problems and a have great encyclopaedic knowledge (i.e. they should be aware of different cultures, religions and philosophies).

Good communication skills are of utmost importance in this job. Collaborating and cooperating with teammates it is very important. The game designer is a mediator between the graphic designers and the story writers. Thus, it is essential to respect their ideas and vision.

Learning to take negative feedback is the key to success. The audience is the real judge of the game so their opinions about the game, whether positive or negative, should be taken sportingly.

Having a deeper insight into game mechanics is also crucial. It is important to know what elements are loved by people and which elements are to be avoided.

 

To read more follow:- http://it.toolbox.com/blogs/marketing-strategies/things-you-need-to-be-a-good-game-designer-74105

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