In today’s competitive market, enterprises must address business challenges effectively and efficiently to stay relevant in their field. The easiest way to solve any business challenge is to look for a readily available solution (Commercial Off The Shelf) or build a custom solution from scratch. For any enterprise, the choice between purchasing a COTS software or building a custom solution is always a daunting one.
The environment where the business operates is ever-changing. It is also vulnerable to various risks. Not all the risks can be predicted, and so resilience is the only key for a business to survive in the long run. Businesses achieve resilience through digital transformation. Putting it simply, the first step to business resilience is admitting […]
Rapidly evolving technology is revolutionizing the current business models and competitiveness of organizations of all sizes. The entire business ecosystem and its customers/ users have moved to the digital platform. Customers demand a superior user experience and organizations understand that digitization is the best way to meet this expectation. Ideally, organizations should leverage their own […]
Digital technologies have disrupted many traditional business models, by transforming or creating a whole new business model. Uber, Airbnb, Skype, Alibaba, etc. are some of the best examples for the early disrupters who paved the way for new digital business models, thanks to digital disruption/ transformation. However, if we take the retail industry, it is […]
Blockchain will grow to be the most promising technology for the traditional supply chain format. Being decentralized, the chain does not owe