Project Finance in Construction

by   |    |   3 minutes  |  in Business Technology, Digital Transformation, Finance

Project financial control is often complex, multi-dimensional and prone to the unexpected, then why do project controllers rely so heavily on two-dimensional spreadsheets for their multi-dimensional requirements, and what happens when we need to change this? Project financial control I have spent many years managing the financial and commercial aspects of long term multi-billion dollar…

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by   |    |   5 minutes  |  in Business Technology, Creativity & Innovation, Digital Transformation, Manufacturing

One day AI systems will predict what is currently impossible, to allow us to overcome the inefficiencies in our lives and in our factories. In a previous blog, I discussed the reasons why we humans do not trust artificial intelligence. In this blog, I would like to look at the potential of AI and what,…

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by   |    |   4 minutes  |  in Business Technology, Digital Transformation, Strategy, Transform Your Business

In part one of this blog, I explored the recent ECJ ruling re-enforcing the recording of hours worked and breaks taken by EU workers. This second part explores how technology plays its part in preventing a return to clocking and takes one step toward automated time recording. How can companies prepare for this ruling? This…

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by   |    |   3 minutes  |  in Business Technology, Strategy, Transform Your Business

The old-fashioned chore of clocking in and out is the last thing you think about in a modern digitized business environment. Yet the recent ruling by the European Court of Justice (ECJ), enforcing the recording of hours worked and breaks taken by each employee each day has reawakened such thoughts. Federacion de Servicios de Comisiones…

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The Biggest Challenge to AI Adoption

by   |    |   6 minutes  |  in Business Technology, Manufacturing, Strategy, Supply Chain, Transform Your Business

In my last blog i talked about the use of artificial intelligence to help process manufacturers uncover the holy grail – accurate forecasting. In this blog i will explain why we might be the barrier to that happening. In my last blog I talked about how artificial intelligence might help manufacturers discover the holy grail…

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If Amazon did Factories

by   |    |   5 minutes  |  in Business Technology, Creativity & Innovation, Manufacturing, Strategy, Transform Your Business

Amazon recently announced record profits of $3.03bn, breaking its own record for the third consecutive time. However, Amazon appears to be at a crossroads as to where it heads next. Beyond pouring additional energy into Amazon Prime, many have wondered whether the company may decide to enter an entirely new sector such as manufacturing to drive future…

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Forecasting Holy Grail

by   |    |   5 minutes  |  in Business Technology, Digital Transformation, Manufacturing, Process Manufacturing, Transform Your Business

Accurate forecasts are the panacea for food manufacturers, Is artificial intelligence getting us close to a solution, are we near to finding the forecasting Holy Grail? I was at a director’s dinner recently, discussing the use of AI in today’s food manufacturing companies, when I suggested that artificial intelligence would provide the ultimate solution to…

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Cloud Business Case

by   |    |   4 minutes  |  in Business Agility, Business Technology, Cloud, Transform Your Business

A previous blog post debunked some common myths surrounding migrating enterprise resources to the cloud. In this post, part of our regular series of posts of n-nonsense insight into enterprise cloud computing, I look at the benefits of provisioning core business applications in the cloud. To be clear, at IFS we believe in giving our…

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Debunking Three Cloud Myths

by   |    |   4 minutes  |  in Business Agility, Business Technology, Cloud, Transform Your Business

Enterprise software will reside increasingly in the cloud. In some rare situations, on-premise instances of enterprise software will be desirable—for instance in mining of offshore drilling where business operations are in remote areas unserved by reliable connectivity. But for the clear majority of businesses, the objections against cloud are, today, easily discounted. As part of…

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joanna-kosinska-129039-unsplash_blog

by   |    |   3 minutes  |  in Business Technology, Creativity & Innovation, Strategy, Transform Your Business

Sustainable, balanced and ethical practices are driving new opportunities for corporate strategy to resonate with stakeholder demands as global culture shifts. ‘Strategic resonance’ is the final part of this three-part blog series outlining the cornerstones required for reinforcing business longevity. Stockholder v Stakeholder Theory In the sixties Milton Freidman introduced Stockholder Theory, arguing that corporations…

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