Category: Technology

The term “digital transformation” has been a “buzzword” for as long as I can remember. The motivation to blend digital and physical processes with customer experience, business process re-engineering and workflow automation has never been more powerful. While improved efficiency, efficacy and profitability have been key drivers for all types of digital transformation projects, business continuity and organisational resiliency have become top priorities for organisations in charting their strategy for the future.

A project management office (PMO) is an internal or external team who oversees programmes and projects which may include business transformation initiatives, technology development projects, reforms, product development or any other type of initiative across the organisation. A PMO is (also) usually responsible for quality control, standards and the governance of those standards to ensure consistency across the organisation.

A Marketing Plan is one of the most important strategic business tools for any company and/or organisation. If you are looking for funding to start up a business, a credit institution would want to understand your marketing plan.

Evidence of good governance has massive value when it comes to accessing capital markets, bank financing and/or seeking private equity investment. It demonstrates to investors that the business is managed well, transparent and set on the right path for success. The sooner you place good governance at the top of your business agenda, the sooner you’ll start seeing the benefits. Go for it – it works!

FinTech keeps gaining momentum as it becomes a disruptive driving force in the transformation of the global financial services industry through high quality customer experiences, technology and innovation. FinTechs are not only affecting the growth and the efficiency of banking services and the financial services sector in general, but they are also widening the scope of services, enabling financial inclusion for the un-bankable and under-served groups such as retail customers, SMEs, startups and micro businesses.

A business plan is a very important business and strategic tool for entrepreneurs irrespective of their size and scale. A good business plan not only helps entrepreneurs focus on their business goals, strategy, and performance, but it also helps them achieve short-term and long term objectives. Benjamin Franklin once said, “If you fail to plan, you are planning to fail”.

While it is true that today’s advanced technologies and data management systems help businesses simplify and identify complexity, it is not enough. The quest for simplicity is a much broader, strategic approach encompassing each and every facet of the company’s activities. Having this clear vision is a big step forward in achieving simplicity in business.