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The year 2020 was full of surprises for a lot of companies and businesses were at pivotal moments. Meanwhile, the IMF estimated that global GDP shrank by 4.4% in 2020, and contraction in the most advanced economies was estimated to be 5.8%. Gradually, with the availability of vaccines and their distribution, the glimmer of hope…
Supply chain management in basic terminology means the management of the flow of goods and services, money and information, movement and storage of raw materials, work-in-process inventory, and finished goods along with end-to-end order fulfillment from the point of origin to the point of consumption. SCM can also be understood as the network of all…
For all types of organizations, cloud computing offers an immense amount of potential and benefits. And talking about its impact in India, it is gaining momentum and growing exponentially. Cloud Computing has undoubtedly changed the way IT services are provisioned and used. Its potential of scalability and the ‘pay-as-you-go’ pricing models are some of the…
In the wake of the numerous supply chain attacks, today we’ll discuss how companies can work to reduce the risk by broadening the concept of how third-party vendors manage access to company data. According to a survey by Protiviti and ISACA, a Cyber breach is the top IT audit risk for 2021. This clearly highlights…
As a matter of fact, only 23% of consumer product companies and 28% of retailers thought their supply chains were agile enough to support their organization’s evolving business needs. Nearly 63% of consumer product companies and 71% of retailers globally said it took at least 3 months for their supply chains to recover from the…
Accenture completed its acquisition of Imaginea, a cloud-native product and platform engineering firm. Imaginea aims at helping companies drive innovation through disruptive technologies to transform their businesses digitally and capture new opportunities. The acquisition has added approximately 1,350 cloud professionals to Accenture, bringing a highly-skilled, cloud-native, full-stack engineering team with cloud data and modernization skills…
With a tremendous output in the last quarter, Amazon dropped a bombshell by announcing that its founder and CEO, Jeff Bezos will be stepping down from his role as the CEO of the company. He will take on the role of Executive Chair in Q3 2021. The succession from Bezos will fall in the hands…
It is the rise in digitization that is making data centers the cornerstone of the ICT (Information and Communications Technology) landscape. This is because as digitization increases, the amount of data being generated is also increasing. And each piece of data is potentially crucial for businesses, which is why it needs to be stored securely….
According to the Economic Survey tabled in the Parliament on 29th January, the Rs 1.46 trillion PLI Scheme is expected to make India an integral part of the global supply chain. The PLI Scheme, also known as Production-Linked Incentive, is a scheme that aims to give companies incentives on incremental sales (over FY 2019-20) from…
On 2nd March, IBM announced that the company received a full cloud service provider empanelment from the Ministry of Electronics and Information Technology. Sandip Patel, MD, IBM India/South Asia, in a statement said, “The Indian Public Sector can now access the industry’s most secure and open cloud platform to drive transformation, innovation, and growth.” Earlier…