2018 financial industry trends

by   |    |   6 minutes  |  in Business Technology, Creativity & Innovation, Finance, Research, Strategy

The financial area is heavily impacted by new technology at the moment. Balancing trust, swift transactions and increased transparency is prioritized. To achieve this, technologies such as Blockchain, robotic automation and holistic reporting will play key roles, predicts Steve Treagust, Global Industry Director for Finance, HR and Strategy at IFS. Trend #1 Japan and South…

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Cryptocurrency – time for a rocket launch or a giant bubble burst?

by   |    |   5 minutes  |  in Business Technology, Finance

Since the publication of Satoshi Nakamoto’s white paper, Bitcoin: A Peer-to-Peer Electronic Cash System in 2008, cryptocurrency led by Bitcoin, has been on a rollercoaster journey of discovery and legitimacy. But, with ‘Altcoins’ now joining Bitcoin in the hundreds, this $400 billion asset class is now being taken seriously by the financial establishment as a potential…

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Disrupting aviation with Blockchain

by   |    |   3 minutes  |  in Aviation & Defense, Business Technology, Creativity & Innovation, Finance, IFS Labs, Research

How through-life asset management can be improved using distributed ledgers throughout the chain. IFS Labs’ research into Blockchain Blockchain is one of the most talked-about and intriguing technologies today. Although first described in 1991, it got its first real implementation and public attention in 2009 as the technology behind Bitcoin. Blockchain or distributed ledgers, in…

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Is your GDPR project going to achieve compliance?

by   |    |   7 minutes  |  in Business Technology, Finance, Strategy

On May 25, 2018, the new and considerably more onerous general data protection regulations take effect. It affects all companies managing personal information originating from countries within the European Union (EU). As the fines for non-compliance are eye-watering, and the potential ‘ethical fallout’ highly damaging, a successful GDPR project is an essential risk mitigation tool….

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6 business benefits of Blockchain

by   |    |   4 minutes  |  in Business Technology, Finance, Strategy

Blockchain was born to provide legitimacy to its Bitcoin master after the financial cataclysm of 2008. At its heart is a rebellious disdain for central authoritative control, offering instead a decentralized network of self-compliance and regulation. But the servant has become the master, offering business benefits not envisaged during its conception. In fact, it’s nothing…

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IoT Business Connector

by   |    |   1 minute  |  in Applications 9, Asset Intensive, Automotive, Aviation & Defense, Business Agility, Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Energy and Utilities, Engineering and Infrastructure, Finance, IFS Labs, Manufacturing, Mobility, Oil & Gas, Process Manufacturing, Retail, Service Management, Supply Chain

How IFS Applications and the IoT Business Connector provide an agile, connected business environment. IFS IoT Business Connector launched At the IFS World Conference 2016, IFS’s Chief Technology Officer, Dan Matthews, announced the launch of the IFS IoT Business Connector. At the time, the Early Adopter Testing Program had just started. Now just a few…

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How to use advanced analytics to benefit from your big data

by   |    |   2 minutes  |  in Applications 9, Asset Intensive, Automotive, Aviation & Defense, Business Agility, Business Technology, Construction and Contracting, Creativity & Innovation, Digital Transformation, Energy and Utilities, Engineering and Infrastructure, Finance, IFS Labs, IFS Radio Network, Manufacturing, Oil & Gas, Process Manufacturing, Research, Retail, Service Management, Strategy, Supply Chain

IFS Radio Network podcast: How IT professionals and business leaders can use and benefit from the game-changing power of advanced analytics. It has been reported by the International Data Corporation (IDC) that the market for worldwide business analytics and big data technology services will grow to a whopping $200 billion by 2020. But why? And what does…

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Labor valuation using the “Dark Side of the Moon”

by   |    |   4 minutes  |  in Finance, Strategy

Squaring the circle between valuing labor and adding value to labor is a key to unlocking pent-up potential in business and fostering business growth. But perhaps it needn’t be such a dilemma as a combination of strategy and HCM systems may just hold the answer. Sometimes, from obscure conversations, nuggets of wisdom are born. And…

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