This part is continuation of part IX. Choosing the right management team plays a fundamental role in the digitization of companies. According to a study by Russell Reynolds Associates, five personality traits make up the digital transformation leader. This type of manager is much more suitable to transform the company in terms of innovation, digitization and customer-centricity than classic … [Read more...]
Internet
Description and explanation of different terminologies used in web and Internet.
Effects of Digitization on Companies : Part IX
This article is continuation of part VIII. The term Internet of Things has been around longer than you might initially assume. The term first appeared around 15 years ago in connection with RFID technology. Since then, a lot has happened due to digitization, and so the Internet of Things has also changed. There is, therefore, no fixed definition of what is understood by the term Internet of … [Read more...]
What is SMS Phishing (Smishing)?
SMS phishing, also known as smishing uses text messages to deliver messages to bait people to expose their details. Smishing attacks typically invite the user to click on a landing page. The landing page is designed to extract the private data and credentials to other websites. Several factors have made smishing an attractive option to bait innocent peoples. First, sending bulk messages is … [Read more...]
Effects of Digitization on Companies : Part VIII
This article is continuation of part VII. Today, emails are a company's communication medium. Whether internally with colleagues or externally with the customer - most correspondence nowadays takes place via e-mail. An email is a general-purpose tool. On the one hand, you can use corporate mail guidelines to write official e-mails in which you can use prefabricated signatures, fonts and greetings. … [Read more...]
Effects of Digitization on Companies : Part VII
This article is continuation of part VI. In the course of digitization, there is no chance of avoiding the topic of IT infrastructure. All technical applications, services or solutions are based on infrastructure. As a company, you have to decide how many resources you need and what you are willing to pay for them. The industry and the company's strategy play a major role here. The simplest … [Read more...]
Effects of Digitization on Companies : Part V
This part is continuation of part IV. The e-marketplace is an electronic marketplace which, as a virtual platform, relies on the digital networking of market participants. The advantage of electronic marketplaces is that any participant can electronically "enter" an e-marketplace of their choice without actually having to leave the house. Entering the e-marketplace is not tied to any time limit, … [Read more...]
Effects of Digitization on Companies : Part IV
This part is continuation of part III. The electronic value chain is an extension of the Porter's value chain. Porter's value chain divides the various processes in the company into separate processes. The value chain can be divided into two large groups. On the one hand the main activities and on the other hand the support activities. As the name implies, the main activities are directly … [Read more...]
Effects of Digitization on Companies : Part II
This article is continuation of part I. Already in the previous centuries, different codes were used to deliver messages or to protect them from other people. An example is the Morse code, which has its origins in the 19th century. The principle behind the codes is always the same. New symbols or characters are defined for certain characters. In the past, this was always done in an analogue … [Read more...]
Effects of Digitization on Companies : Part I
Digitization has changed daily life around the world. Not only society but also, or above all, companies have changed. For a few decades now, the digital revolution has ensured that the world is turning faster and faster. In addition to the digital revolution, terms such as Industry 4.0 or Print 4.0 are also appearing. The Internet has become a meeting place for all conceivable offers and … [Read more...]
Interesting Facts About Cyber Attacks
Misconceptions about attack methods, targets, or intentions of cybercriminals are common. This harms corporate security. A popular saying from IT security professionals is that there are two types of companies - those that have been hacked and those that don't yet know. The fact is that cyber-attacks are one of the most essential threats to our economy today. But even though cybercrime has become … [Read more...]
What is a Social Intranet?
A social intranet is a type of intranet whose access is limited to certain users such as the members of a certain association or a family or the employees of a company. The phrase digital workplace is closely related to the phrase social intranet as because in the vast majority of cases, digital workplace includes a social intranet. A social intranet can help improve internal communication. … [Read more...]