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

Benefits of Business Process Management software

Mobile computing has changed the consumers as well as enterprise landscapes. Due to this, businesses are being forced to develop mobile-based strategies, Business Process Management (BPM) software being one of them. BPM software allows companies to gain faster and better insights into the operations taken by it. It offers a bouquet of possibilities, the major ones being business model analysis, mobile features, social interactions and cloud technology.  This software is also useful for company workers having a mobile workforce. The software can be used to operate all aspects of the business. The adoption of this platform allows companies to achieve increased efficiency, productivity and future integration of business entities to the system. In order to fully utilize the benefits of this platform, it is suggested to focus on processes that are essentially important to the business. Read more at: https://channels.theinnovationenterprise.com/articles/7922-why-companies-are-adopting-mobile-bpm

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The 3 ways for a joyful and enthusiastic set of employees

The global scene of business changes quite often with the different factors in the market. The business dashboard helps in keeping us updated and analyzing the business scenario for an improved market. The process helps us in keeping a track of what to do and what not to for running a smooth and sustainable business. For a healthy business, there is a need for individual business process to keep the flow of the business. The immediate feedback of the business helps us in evaluating the pros and cons of the business and also helps us in getting the answers for the business questions. The continuous evaluation leads to increased profits when we compare the cost and the return of investment. The productivity gets boosted with the help of dashboards and so it helps in creating business opportunities. It helps us in collaborating and consolidating the work process of the business structure and thus the business objectives get fulfilled.  There are different types of dashboard which helps you in keeping track with the trend of business and gives an added advantage of competing with your competitors.

Read more at: http://www.business2community.com/business-innovation/how-business-dashboards-can-boost-your-small-business-01275428

 

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Inference To Big Data

As soon as Big Data started transpiring into the future, it is believed that it would transform the way companies sell, market, communicate, educate etc. There has been an enormous progress of Big Data which helps in data integration and analytics. Nowadays much of the work is concerned on future and therefore it focuses on identifying the consequences of it. The prospect of Big Data has enlarged in recent days and there are key "first-order", second and third order, sample "second-order", sample "third-order implications of Big Data. With the conversion of Big Data into Implications Wheel, it furnishes everyone with new perception and control.

Read more at: https://channels.theinnovationenterprise.com/articles/7899-the-implications-of-big-data

 

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How Social Media Purchasing Affects Marketing

Initially social media was used for socializing but with the progress of time it has undergone an impactful makeover. It is not only about advertising to a huge section of consumers but it is also the fundamental tool to influence customers. Firms will be able to determine basic information about their customers while marketing over social media and as a result the probability of obtaining clear data rises. This enables quick and easy access to data. The data collected from social media platforms are more or less accurate. However companies should take advantage of the various social media networking sites for trading their products and thereby improving both data and content.

To know more about this study, please follow the link: http://www.business2community.com/social-selling/social-media-purchasing-feature-changing-marketing-01283019

 

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The five ways to develop and improve the social media scene

Social media is sustaining its pathway to ever growing popularity and ultimate success. Social media success is not just because of the huge audience but for the several factors which keeps it going to the right way. The prime factor is to be social and communicate with the pool of audience. The entrepreneurs use social media to improve business but there is always a need of communicating with the whole lot of enthusiastic audience just to make them feel that everyone belong to the same social media community. The social media is a platform to promote yourself or your organization but in a different way. The posts get valued more if it is a value post than a post of yourself and your organization. So, there is a need to mix and match the posts. The content of the promotion should reach the audience through the quality social media tools. The social media is a place to get the long term benefits rather than getting a high time business for a short span of time. The focus should be on one at a time so that one can master one task at a time. The social media is a place to provide value with benefits rather than just thinking only from the financial perspective.

Read more at- http://www.business2community.com/social-media/5-forgotten-factors-social-media-success-01279423

 

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The integration of sales, marketing and service for a smooth customer experience

There is always some problem of coordination and mismatch between the sales, marketing and service sector. The customer is often dissatisfied with the various approaches of all the sectors which don’t get aligned to some particular information. So to deliver the best experience there is a need of smooth mechanism between the sectors for better communication and to share the same goal with others. The key to achieve the desired goal lies in cooperating and collaborating with each other. The natural workflow must go on in order to run the organization. But there is a need of collaboration for making out decisions, to manage the system and to solve the project with the collaborative tools. The team members should know the metrics and the prime indicators for the organization which will ultimately lead to the desired objective. There is always a need for a hand to hand practice or a parallel system which will lead to proper customer experience and mutual benefit.

Read more at – http://www.business2community.com/customer-experience/aligning-sales-marketing-service-for-a-seamless-customer-experience-01278273

 

 

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Too Much Data? That’s Good News for Business

A recent survey on how organization's active data is growing on a year on year basis, looked at two distinct groups:
• Companies experiencing data growth exceeding 50% annually.
• Companies experiencing data growth of 10% or less annually.
So what did the survey reveal?
For starters, companies experiencing rapid data growth were more likely to uncover business opportunities and drive growth. These companies were better able to leverage a wide variety of data types that are both structured and unstructured. And, in comparison to companies with lower rates of data growth, rapid data growth companies:
• 64% more likely to have an executive champion for their Big Data initiatives.
• 68% more likely to have the ability to discover and classify all relevant business data as it arrives.
• 4.3 times more likely to have defined a chief data manager role.
All evidences points to the conclusion that there cannot be a case for excess data. When it comes to data – the more the better.

For more information visit:
http://www.attunity.com/blog/data-growing-out-control-that%E2%80%99s-good-news-your-business

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Too Much Of Zombie Data?

All that glitters is not gold – and the same is true for data as well. To be frank, there is a lot of ordinary in our data management world.
And the most worrying part is that most companies do not actually realize this threat, which is not particularly surprising to be honest, with most companies sticking to well defined data rules which have been in places for quite some time now. This is because data is living under outdated data policies and rules. Data processes and systems are persisting single-purpose data. These outdated processes have given rise to zombie data, which when used can prove to be detrimental rather than beneficial to your corporation.
The only solution is to reassess the founding blocks of data analytics to crush zombie data and ensure progress in the field of data analytics.

For more information visit:
http://blogs.forrester.com/michele_goetz/15-07-14-is_zombie_data_taking_over

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The Impact And Efficiency Of Behavioral Interview

The most important way to select in the interviews was behavioral interviews, but with the trend of online coaching classes, it has been a problem to recruit in present days. The interviewers on the basis of the past records used to evaluate and analyze the candidate and also looked for the future prospects from their basic insights. But now with the help of teaching sessions on the interview skills, the candidates know what and how to speak and what to say and what not to. So, it has been a problem for the interviewers to get the right people of the lot. The interviewers for a proper behavioral interview should dig into the details of a candidate so that they get to know the life and experience of the candidates. The interviewers shouldn't ask questions which relate binary outcomes in yes or no but should go for the detailed discussions which include lengthy discussions. There is also an option of judging on the basis of the analytical skills, critical questions and problem solving abilities. The tradition of conducting is not an obsolete technique as a proper way of conducting it gives us a fruitful result.

Read more at:

 http://www.business2community.com/human-resources/behavioral-interviewing-still-effective-01283139

 

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The Negative Impact On Credit score For Numerous Credit Inquiries

The credit facilities for business have always created a negative impact on credit score. The requirement of capital has been the prime concern for a successful business. The credit score is recorded as per the credit facilities one takes from the financial institutions. The credit score indicates the status of the person and takes into account the financial condition of the person. The credit score record the history and the individual have a specific allotted number by which the financial institutions check before giving credit. Rate shopping helps in continuous evaluation of interest rates before any credit purchase. The FICO score helps in determining the credit score in the daily basis transactions. The FICO scores determine how one individual is capable of maintaining their proper credit score. One with a high FICO score tends to take less credit on credit cards and maintain a proper debit credit ratio. The credit reports are essentially important to determine the credit score of an individual.

Read more at:  http://www.business2community.com/finance/understanding-many-credit-inquiries-can-hurt-credit-score-01284708

 

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Predictive Analytics in Businesses

Predictive analytics can be seen as business investment rather than an IT investment. But researchers found that there has been shift of funding from general business budget to IT business budget. According to research 15 percent of the organizations prefer to purchase predictive analytics. But truly speaking you will find that there is increasing demand for predictive analytics. This can let businesses to respond faster to market activities and threats. Business investment in predictive analytics has occupied more space in front office but according to research IT and operations are closely related to these operations. To use such analytics technique, the requirement is just a permission from high level management of organization.  Read more at: http://www.smartdatacollective.com/tony-cosentino/332022/predictive-analytics-investing-and-selecting-software-properly

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Reaching out to niche consumers

Niche marketing is a good way to reach out to a difficult demographic. To have a successful niche marketing strategy, understanding the audience is crucial. A tailor-made marketing content targeted to a specific demographic is effective. Here are some tips to have a successful niche marketing strategy:

(i) Marketers should provide consumers with a good introduction of themselves and explain why they are the right ones to satisfy the consumer’s needs.

(ii) Marketers should imagine situations from consumer’s perspective while designing the marketing strategy.

(iii) Empathizing with the customer and understanding and appreciating their feelings is important as it helps to build a long-lasting relationship.

(iv) Using market research data to figure out how to go about targeting the niche audience is helpful.

(v) Uniqueness in content is necessary to achieve success in niche marketing.

Read more at:https://channels.theinnovationenterprise.com/articles/understanding-your-audience-how-to-reach-niche-consumers

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The gain from the perspective of a positive job market

A recent survey shows a upward trend of employment in the job market.  The job seekers look for the opportunity of utilizing their time with the new environment. An efficient and useful way is to search in the web but still there is a mild chance of duplicate outcome. The working process should be dynamic enough so that the flexibility and the flow of the working process keep going properly. There are multiple channels to improve and develop the business. There lies the use of LinkedIn contacts and scrutinizing the structure of the company for a fruitful result. The job prospect and availability is quite different from past and so there is a need of adapting and involving one with the new pattern of the business. The way to survive and prosper lie in adapting the situations like a chameleon so that whatever the case may be but to survive there is a need of getting used to the mechanism. The ones who will get into the process will succeed and the rest it will be way more difficult to exist in the present business world.

Read more at: http://www.business2community.com/human-resources/how-to-benefit-from-the-positive-job-market-outlook-01277267

 

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The thick and thins of the Result only work environment

ROWE stands for “Results Only Work Environment and it was created by Cali Ressler and Jody Thompson for the purpose to focus more on the qualitative approach than the quantitative one. The method is commonly used in USA and the white house has also witnessed the action of ROWE. The process claims for a flexible work environment and gives an added benefit for increasing the profit of a business and by reducing the cost as well. The pros for the process include the freedom to work and the self dependency of one individual. The cost saving process starts off when one works back at home giving the same efficiency as that of an employee working in office. The performance level is same or even more if compared for this process. The cons include the slackers and the inability of the management to continuously evaluate the employees. The direct communication is considered one of the best to improve business. ROWE is a solution for the existing workforce and for the ones in the mere future which will get more advanced through innovation.

Read more at: 

 http://www.business2community.com/human-resources/pros-and-cons-of-a-results-only-work-environment-rowe-01269975

 

 

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The ways to conflict employees for increased output

The pillars of strength for a company lie in the resources and pool of the employees. The infrastructural support and the formation of the structure of an organization are much dependent on the level of employees.  The retention of the employees sets a pathway to all round development of a company. The employees leave for they get a better option somewhere or they are bored with the same pattern of job. The team work may not be that satisfactory and sometimes they are not even engaged with the job designated. A major factor is a wrong terms with the boss. So to retain and develop the structure of the system we need to give them some incentive as well as a proper working and social environment. A way to appreciate for the good job done gives them some boost up in their working process. Moreover there is always a need of settling disputes and identifying the right person for the right job. The managers are always up for it to sustain the working process and to sustain the growth of the company.

Read more at: 

http://www.business2community.com/human-resources/how-to-battle-employee-turnover-01272044

 

 

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The efficient outcome of the big data on productivity

 

There is an upward trend in the use of big data in the present scenario of the business world. The structured and the unstructured data comprise of the big data. The big data gets analyzed from the market view point and looks for the right time to fetch the right customers. The big data not only helps in sustainable productivity but a development for the employees on an individual levels as well .The use of big data have benefited many sectors in the business and will help more with the combined effect of the modern technology.

Read more at: 

http://www.business2community.com/big-data/big-data-a-big-impact-on-productivity-01274278

 

 

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The six suggestions to success for working at home

 

The global scene in the job sector changed quite a lot from the past. There has been an increasing trend in the working number of the employees working at home. The technological innovation helped us in getting a rapid spread of business no matter how small or big it is. The self management approach can help us in getting a right pathway to improved business staying back at home. Primarily, there is a need to formulate a proper schedule and getting the allocation of time as per the schedule. The actual job starts when we execute the jobs we planned in paper. A need to stay disciplined and taking breaks at repeated intervals. The efficiency gets high when we mix up our professional life and social life in a right way. There is always a need to realize to know the individual limits to balance the work-life balance.

Read more at: 

 http://www.business2community.com/human-resources/6-tips-for-work-at-home-success-01268111

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The integration of multiple voices to customer experience

 

The key to develop the infrastructure and development of a company ultimately lies in the incorporating the voice of the structure of the company at different levels. It should not only include the voice of the customer and employee of the organization but the voice of market, business and other important factor of a company as well. To improve the customer experience there is always a need of taking into account the voices of the company. The voice of partners in the venture, the voice of the customer in giving feedback, the voice of the employee about the experience, the voice of the business in dealing financial matters and the voice of the market in the competitive scenario are equally important for a sustainable business. The voice of the reason gives an added advantage when the company is at stake. Thus, to maintain the balance of an organization the voice in the process and working of a company is real important.

Read more at: 

 http://www.business2community.com/customer-experience/the-many-voices-of-customer-experience-01271514

 

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The way to formulate a personal development plan

 

There is always a desire to achieve the destinations of our life and with the proper formulation of a development plan the rate of success goes high. There is always a periodic and progressive evaluation at each and every step of the planning process. The pros and cons can be detected and corrected through the process for a desired result. The set of goals are clear, the processes are distinct and the motive of the plan remains constant. The process should serve the ultimate motive and should complement the daily lifestyle of the individual. One has to stay updated and focused on the plan for a perfect execution. In the end the goal is achieved if we abide by what is proposed at the plans on paper.

Read more at: http://www.business2community.com/human-resources/how-to-create-a-personal-development-plan-01264812

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The trending technology across the globe

 

 

The upgradation and integration of the existing technologies have helped the market in gaining up momentum and keeping up the harmony of the social world. With the advanced equipment and technological know how they can boost up the working of the tertiary sector. The world class leaders aims at satisfying the customers so as to mobilize the proper working of the sectors. The implementation of new techniques is to meet the demands of the information technology, software management companies. The step into the next generation lies with the advancement of the technology, increased productivity and to gratify the demand of the customers.

Read more at: 

http://www.cmswire.com/customer-experience/news-you-can-use-wayin-klout-mailjet-more/#EIM

 

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