In recent years many factories have started to shift to the “lean” model, this way of production is characterized by flexible, agile and efficient manufacturing strategies. Smart factories will be the next step for modern factory production. The article will explore some of the benefits of smart factories and what they consist of. The future of factories is wide open, but there are a few trends to … [Read more...]
How Digital Wallet Works
A digital wallet or e-wallet enables the users to store money on electronic platforms and use them for payments for goods and services on the Internet. Users of an e-wallet receive a credit balance on an account by paying in using their preferred payment method, which depends on the methods made possible by the provider. Credit card payments are the most common, but transfers or direct debit are … [Read more...]
Outlook of Digitization of Sales
Digitized technologies have long been established in private and professional life. Faster data exchange and mobile communication options not only have an impact on society but are also changing the international economic market across the board, forcing companies to adapt to the technological age. On the one hand, innovative technologies harbour outstanding growth potential for companies. On the … [Read more...]
Risks of Sales Digitization
For a company to be able to exploit sustainable potentials of performance through innovative technologies, the creation of legal, economic and infrastructural framework conditions is necessary as well as an awareness development of economic actors and society for the opportunities of digitization, so that acceptance for economic structural change is created. But the opportunities of digitization … [Read more...]
Influence of Digitization on Sales
The technologies used in sales should give an information advantage. The systematic acquisition and analysis of information from customers, markets and competitors are intended to generate a comparative competitive advantage. A reduction in process complexity is also important. With the help of technologically stringent processes, sales activities can be accelerated and simplified and workload can … [Read more...]
Sustainable Digitalization in Financial Sector
It is certainly not due to a lack of willingness to invest that a large part of the financial sector is perceived as a bit backward digital. Targeted strategic investments can leap forward. Financial service providers are known to invest more than other companies in digitalization. However, the fragmentation of systems and data is still significant. Most banks today use hundreds, if not thousands, … [Read more...]
6 Sectors That Have Undergone Revamps in Digital Landscape
The 21st century has introduced us to a multitude of new technological innovations that have radically transformed life as we previously knew it. Computers specifically have been driving forces in the digital era, revolutionizing industry after industry with their programmable solutions. The most important sectors of our world that we interact with every day now use a mouse in place of a pen … [Read more...]