This part is continuation of part XII. In retail, e-commerce is often given as an answer to the digitization question. It is still unclear whether trading via webshops will become an economic success model across the board. Established companies such as Amazon work profitably with this concept, but the smaller and medium-sized internet shops cannot yet do this. This is mainly due to the high … [Read more...]
Virtual Reality in The Online Gaming Industry
Virtual reality (VR) is an environment of scenes or objects of real appearance. The most common meaning of virtual reality refers to an environment generated by a computer, which creates in the user the feeling of being immersed in it. This environment is contemplated by the user through a device known as glasses or virtual reality headset. The psychological aspects of the virtual reality … [Read more...]
Effects of Digitization on Companies : Part XII
This article is continuation of part XI. The electrical industry, with its medium-sized structure, shows a rather reluctant behaviour towards pronounced digitization of its busyness. On the other hand, the many hidden champions of the electrical industry show a high level of innovation. The industry is very investing in research and development, which today almost always includes digitization and, … [Read more...]
What is GPON (Broadband Internet)?
Passive optical network (PON) is a technology for delivering fiber-optic based broadband network to the end-customers. EPON and GPON are popular versions of passive optical networks (PONs). PON is a point to multi-point (P2MP) passive optical network, GPON stands for Gigabit Passive Optical Networks. GPON can transport not only Ethernet but also ATM and TDM (PSTN, ISDN, E1 and E3) traffic. So, we … [Read more...]
Effects of Digitization on Companies : Part XI
This article is continuation of part X. Companies are hesitant to take digitization measures, and only one in three companies attach strategic importance to digital transformation. Companies tend to be cautious when it comes to developing new perspectives through digital initiatives. The progress of digital adaptation in the energy, utilities and logistics sectors is slow. There is still no … [Read more...]
Effects of Digitization on Companies : Part X
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...]
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 VI
This article is continuation of part V. The term e-company describes digital collaboration between companies. Companies that are legally independent of one another have the opportunity with the help of such electronic cooperations to appear as one company and to offer the joint service as such. There were essentially three reasons that could be blamed for the rise in electronic collaborations: … [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...]
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