Creating a Culture of Innovation to Sail Through Challenges

Challenges have made the environment so very competitive and this has come in from globalization, technological innovation, customers, employees, consultants , competitors , shareholders and vendors. Further, these organizational challenges can be either a technical one related to a product or service feature, a   marketing challenge on how best to increase market share and revenue, an operational challenge of creating better strategies or management tactics or improving employee engagement. But to sail through these challenges requires a spirit of innovation.

 

Innovation can be defined as an organization's ability to evolve repeatedly and adapt rapidly to enable them to stay ahead of the competition. In other words, the organization’s ability to innovate rests on its ability to identify and solve challenges. The   innovation process begins with the focus on the right challenges. This is followed by finding ideas from employees, customers, consultants and vendors with the help of crowdsourcing software  to solve the challenges and   finally implementing the best solution.  However, with no dearth of challenges, idea management services from leading service providers take the organization through the innovation process.

 

However, a culture of innovation besides new ideas, needs to be repeatable, predictable and sustainable. The Tata group of industries known as the Indian powerhouse, with its 117 year old history of many firsts, made innovation its priority to survive and thrive through the global economy when India’s long protected economy was opened up. By putting innovation into the DNA of the industry's structure, the chairman of the group made every employee an innovator. The results – 15 enterprises under the banner, which included Tata Consultancy Services that came up as a leading IT services and outsourcing company, with an annual turnover of around $6 billion and the other innovation product was the Tata Nano car -an affordable four wheeler for all sections of people.


Continuing further on creating a culture of innovation within the organization, Tata Group Innovation Forum (TGIF) was formed with a 12-member panel of senior executives and CEOs.  However, the executives at TCS worked on crowdsourcing methods to generate incremental innovative ideas from the employees. Idea management implementation then took its turn through global innovation labs and leading-edge research centers focused on specific technology areas.

Another great innovation is that of the American Society for Gastrointestinal Endoscopy. With an aim to provide new product and services to the public, they created a culture of innovation within the society. With idea management software as the framework for discipline and innovation, ASGE managed all new ideas from staff, board members and key personnel. The outcome was a drastic reduction in risks and pricing with marketing and organizational readiness. Today with 12,000 members and 40 employees, ASGE stands out as the world class endoscopic training and practice center fostering best of the endoscopic research. The right culture of innovation can thus give an organization the nimbleness and ability to sense the need for change and respond to it giving them the required competitive edge.


Read More About: managing innovation, idea management solutions, innovation management software

Meet Enterprise Localization Needs with Effective Translation Solutions

In the present day competitive scenario it has become inevitable for enterprises to expand their business globally. In such a scenario language should not become a hindrance. Language is an operational tool helping to rise above the various multi cultural barriers and borders. A skillful multilingual repertoire tremendously promotes the business growth opportunities. Any business with international operations is bound to function more effectively with the ability to understand and communicate in the local language.

 

The fact of the matter is that communicating with customer in their native language is the easiest way to increase your customer base and customer satisfaction.   Today’s consumers are increasingly demanding when it comes to choosing products and services. With a number of companies increasing, localization is a the secret weapon for taking a business to the next level and a great way to make a company stand out.

 

Effective translation solutions successfully meet the localization needs of any enterprise. It is the best and most sought after way to expand to different markets, increase business revenue and generate a higher return on investment. When communicating with target audiences, it is essential to ensure that the information is not misleading, or wrongly interpreted.

 

Investing in a trusted translation software solution provides businesses with quick, accurate and easy services. Reputed translation service providers offer a wide range of translation solutions that are fully capable of taking care of localization needs. These solutions are capable of tackling corporate and global translation needs with effective solutions.

 

Look for a flexible, cost-conscious translation solution that has the ability to expand as your company grows.  Solutions like the Collaborative Translation Platform help meet your enterprise localization needs in a trusted and secure manner.  With onsite implementation that is tailored to suit the needs any business, such solutions are equipped to deftly translate content into hundreds of languages. With smaller businesses wanting to penetrate new markets overseas, investing in an effective translation solution can make all the difference.

 

The truth is that in this global economy, an advanced language translation solution is one of the best ways to gain that competitive edge you have been waiting for your business.  So, if you’ve never contemplated localization for your business, then your business hasn’t been achieving its full potential. Invest in a solution that caters to sophisticated collaborative translation technologies and workflow management for the best benefits.

 

Related Links: language translation network, global translation solution

 

Why Should You Invest In e-Discovery Litigation Solutions?

In elementary terms litigation support involves precise conversions of written reports, diskettes and any other kind of files to a retrievable form that the users can access from digital files.  Workers associated in this field are usually the ones who have the expertise in areas like psychology, forensics and other fields that would be an assistance to the lawyers in winning a case.

What are litigation support services?
This comprises all the important procedures that are required in helping lawyers in their legal cases. The following aspects are part of litigation support services:

  • Preparing documents for legal purposes
  • Organizing data and filing reports that are simple to obtain digitally
  • Going through documents that might be helpful during the legal proceedings
  • Discovering strong witnesses by interacting with other witnesses involved in the legal case
  • Converting the documents in other formats making use of IT technology

In order to make the litigation process efficient eminent solution providers have introduced electronic discovery litigation support solutions. This helps in simplifying the overall e-discovery lifecycle with an easy-to-use, single application that minimizes the expense, time and intricacies involved with e-discovery. Other benefits of this solution are:

  • Helps in consolidating the total e-discovery process from legal hold of identification with the help of production and review assisting the iterative nature of ediscovery
  • Reduces the expensive and time consuming movement of information between various separate tools
  • Brings down the review volume up to 90 percent
  • Minimizes the processing expense and time by 80 percent
  • Helps in attaining quick insights into the concept and keyword search results to prepare for keyword negotiations in a better manner during Meet and Confer
  • Helps in  performing Early Case Assessments (ECA) quickly in order to scope litigation expense and timeline
  • Helps in quickly identifying the main custodians and significant evidence to cater to the FRCP and court appointed deadlines
  • Offers complete transparency and lifecycle reporting in order to make sure the defensibility of the e-discovery procedure as well as minimize the court sanction risks

Today numerous law firms seek assistance from their own in-house litigation support. However, it is advised that joining hands with a leading e discovery litigation support partner is way more practical and affordable. The firms that have outsourced litigation assistance have been successfully able to achieve practical benefits within a reasonable budget. When you are considering investing in a solution provider it is important that you choose one that has positive market feedback along with experience.

Also read more on - electronic data discovery, electronic disclosure

Better Content Translation Leads To Efficient Business Development

Language is an essential medium today and has the potential to improve business prospects and leverage commercial trade relations. It is the key mediator in communications and collaborations not only between business and its consumers, but also between business and its suppliers, vendors and partners within a network. Today global business is taken as a huge and critical venture that requires constant interaction with teams and individuals from various parts of the world. In order to fulfill this, language is the most important component.

 

Owing to the modern nature of business, vendors and consumers have got acclimatized to instant responses. The internet today makes it easy to collate data concerning the latest trends, market updates and other relevant details. However, if you aim to pursue and flourish your business successfully round the globe then you need to offer translated versions of your web content. The consumers should be able to comprehend the translated content without any hassle. Hence, it is imperative that companies invest in efficient language translation services.

 

Hiring human translators can be time-consuming, lengthy and a laborious process. Prompt service determines the progress of business today. Therefore, it is essential to have an automated language translation software in place with excellent features that offer impeccable translation by taking into consideration words, phrases, sentences and their regional implications for the users to grasp the correct meaning. Furthermore, it is essential that the software averts any kind of faulty interpretations and offers precise results with an intelligent inbuilt terminology management feature.

 

Today advanced language translation solutions/softwares provide a collaborative translation platform that facilitates huge amounts of content to be translated in a trusted, quick and cost-efficient manner. It is done by utilizing high-end technologies and a systematic community collaboration and workflow management. In addition, the solution also makes it possible for you to execute your own on-site system where you can have complete control of the overall process and supervise every step of content translation and cooperate with your community to save money and time. Other language services that the solution offers includes the following:

 

•        Website localization

•        Software localization

•        Multimedia localization

•        Document translation

•        Multilingual desktop publishing

•        Multilingual voice over

•        Conference Interpretation

 

This apart, eminent solution providers of global translation solutions has their own translation network of thousands of translators that can take up projects of any field and size. These companies also offer bilingual speakers along with a contextual translation that helps to bring down the localization cost by 50 percent and increase the translation speed. All this results in increases productivity, better translation and and greater business development opportunities.

 

Related Links: language translation solution, global translation solution

 

Outsourcing Of Indian Clinical Trials

Clinical trials indicate the research and study that is conducted by several pharmaceutical firms in order to arrive at advanced treatment methods and diagnosis procedures to treat patients ailing from chronic diseases. Simultaneously, in an effort to introduce advance medical drugs to others, leading pharmaceutical players are leveraging the best of all medical opportunities that are coming up today. With this increasing medical opportunities and scopes rising in India, practices are being encouraged to advance the clinical research procedure and outsource the same.

 

Reasons For Clinical Research Outsourcing In India


The clinical research focus in India has been moving from cost efficiency to quality and quick responses. India has the second largest population globally and is undergoing through an upheaval socially, economically and scientifically. The increased awareness of Good Clinical Practices (GCP) along with a desire for global acceptability of medical researches conducted in India has ushered positive changes in the attitude of Indian medical professionals taking part in clinical researches. Multiple investigators are willing to participate in GCP clinical trials and to comply to the restraints of the protocol as well. The present clinical trial practices in India are approximately around Rs.13.5 billion and is expected to increase in the forthcoming years.


Going by the statistics accumulated by the Indian Council of Medical Research the overall earning from clinical researches in India back in 2003 was Rs.2.25 billion. Around 800 people work as full time employees and other thousands of people are appointed as site staff. Presently, the total number of patients taking part in clinical trials is around 10,000. The clinical trials are regulated by schedule Y of Drugs and Cosmetics Act in India. Furthermore, the Ministry of Health in addition to ICMR and DCGI also have guidelines for clinical research in human subjects. These guidelines are formulated based on Declaration of Helsinki, WHO guidelines and ICH requirements for GCP. Simultaneously, the Department of Science and Technology has taken the attempt for setting up quality requirements by establishing the National Board for Accreditation of Testing and Calibration Laboratories for bio-clinical laboratories.


In the recent past, various clinical research organizations (CRO’s) have strengthened their base in India in terms of conducting clinical trials and researches as well as other medical studies. These CRO’s have a strategic alliance with esteemed medical institutions and hospitals. This helps the CRO’s to have access to huge patient databases that spans across various therapeutic areas and other related proprietary diagnostics and therapies.


Read More On: biometrics, Clinical Pharmacokinetic

Clinical Trials Leading To Advanced Treatments

Over the last decade, India has made radical improvement and evolved in terms of medical science and other clinical treatments. This growth and expansion have encouraged Clinical trials and researches. As a result of which, India, today is becoming one of the most preferred destination for medical tourism and advanced clinical studies.  Considering the chronic ailments that affect individuals today clinical trials and advanced medical studies help the medical professionals to arrive at better treatments and drug development processes.

According to “Booming Clinical Trials Market in India”, the pace of clinical trials and studies have increased over the past few years. As a result of which new treatment and modalities have also been discovered. It is not surprising that today, we have treatment for chronic ailments such as Cancer, that seemed impossible few decades back. Progressive medical studies have made it possible to detect critical diseases at the initial stage and treat it accordingly.  One of the main reasons for this expansion is driven by the advent of industry sponsored trials. This apart, other aspects such as skilled professionals and reliable medical architecture also helps significantly to carry on clinical trials efficiently.

There are esteemed clinical research organization’s (CRO) in India that contributes in conducting clinical trials. These CRO’s have a strategic partnership with leading medical institutions and hospitals in the country. This association helps them to have access to detailed databases that comprises of several therapeutic verticals and other allied diagnostic and proprietary trials.

When it comes to clinical trials, the Phase I- IV trials are the much talked about ones and are conducted by India medical institutions and CRO’s with great precision. This apart, the CRO’s have their specialized research program that executes study patterns such as clinical pharmacology, clinical pharmacokinetic analysis, and other bio-analytical method development that is conducted by a team of expert research associates and clinical co-ordinators. Most CRO’s today have undertaken a 360 degree approach for conducting clinical trials that further offers certain benefits from a wide variety of services such as:

 

* Pharmacy Services that assures a strict adherence to GCP and other allied international regulatory requirements

* Feasibility Studies

* Clinical Trial Supplies & Management

* Bio Statistics

* Project Management

* Clinical Monitoring

* Volunteer Recruitment & Planning

Bio studies to form a core element of clinical trials and researches conducted by the CRO’s. This apart, extensive studies on bioavailability and bioequivalence are conducted in various centers in compliance with global regulatory policies, that are governed with great precision by effective quality assurance services.

Read Also On: biometrics

Value-Optimized Solutions with Expert Engineering Outsourcing Services

With the world's ever changing demands for companies to produce new products quicker, cheaper and maintain the highest quality, new approaches and methods must be developed. Stiff global competition is presenting formidable challenges to industries for engineering and manufacture of products without any compromises on quality and without any major upsets in costs. And driven by the need for sourcing components faster and cheaper for both the international market as well as for the expanding domestic market, the aerospace industry is also growing significantly. There is hence a rapid growth in both the aerospace engineering services sector as well as the aerospace manufacturing sector.


Today outsourcing has become the order of the day and a means of operation that is resorted to in almost every industry vertical. Outsourcing aerospace engineering services have helped many organizations to reduce their operational costs. By outsourcing these engineering services to domain experts, the organizations can not only focus on core activities, but also reduce the product development costs, and have a faster time to market. It has also helped organizations in accessing a vast talent pool of expert engineers and led to efficient networking with other market players.

These engineering consultants render top grade, robust and highly secured aerospace engineering services. Their real-time assistance helps in addressing all issues effectively. Outsourcing engineering services providers with their global framework to provide better, faster and value-optimized solutions in design and detailing, engineering analysis, manufacturing engineering, designing and development of technical publications, sustenance engineering as well as embedded system.



 

With successful outsourced engineering services, aerospace engineering businesses can make their efforts tangible and provide outstanding support to help them live up to the expectations of the customers. Teaming up with the right aerospace engineering services provider brings tremendous advantages in maintaining and promoting cost structures, and enterprises that can blend engineering services outsourcing along with their own internal capacities are the ones that can enjoy the best cost-effective benefits. Enhanced generation of revenues while meeting the exacting industry standards is a laudable accomplishment.


Engineering outsourcing services is a beneficial proposition to any business to ensure an efficient operation and increased productivity. Partner with a service provider who can support an advanced global product development framework to provide better, faster and more value-optimized solutions.  Adopting the best practices for optimization of processes, the right engineering outsourcing service provider will offer the best technical expertise and extensive experience to ensure reliable service at all times.


 

Related Links: engineering consultancy service, engineering services outsourcing 

 

 

Services Offered By Engineering Outsourcing Companies

Over the past few years, there has been considerable changes in the engineering landscape both in terms of development trends as well as manufacturing.  One of the interesting observations was that approximately 30 percent of organization’s ran their engineering centers in emerging and developing economies, simultaneously outsourced engineering services to other third party engineering solution providers as a de-risking strategy. This was also done in order to set up a global delivery model. A huge percentage of these captive engineering centers were established as engineering centers to assist their manufacturing base in developing economies.

 

As opposed to the popular belief, the key factor that drives outsourcing is not just about cost. Though organizations are willing to leverage outsourcing at a lesser expense, the first priority is to ensure and retain flexibility and outsource non-core functionalities and augment engineering skills so that the products are attained better, faster and in a cheaper way to the market place. Therefore, engineering services outsourcing has been one of the key trends in the engineering landscape.

 

However, one of the major restraint to outsourcing is the constant tensions concerning the IP issues. Engineering organizations that have decided to outsource has managed this process by selecting the appropriate partners and by selectively outsourcing non-core practices. There have been situations where the work content was extremely critical and the enterprise’s decided to make the best of a global delivery model by implementing it on-site rather than off shoring the same.

 

Over the last decade, there has been eminent engineering outsourcing companies that have emerged. These companies have a wide range of service offers from concept designing, product realization solutions in aerospace product and parts manufacturing, civil structures, industrial products, power generation, oil and gas engineering and so on. Furthermore, in order to alleviate any kind of engineering risk fast, these companies offer services like:

 

·         Offering resources that help to augment or substitute your in-house staff

·         Design and detailing

·         Engineering analysis

·         Manufacturing engineering

·         Technical publications

·         Sustenance engineering

·         Embedded systems

·         Special services

·         Plant and Process

·         Simplifying the cost structure and margin pressures

·         Quicker turnaround times in order to ensure a quicker time-to-market of products

·         Working towards pre-specified service level agreements that are beneficial

 

Leading market players in engineering services outsourcing specializes in offering technologically and innovative advanced engineering solutions that helps the end users to fulfill the specifications as well as surpass the expectations of certain demanding consumers.


Related Links: engineering consultancy service, engineering services

Online Fraud Protection – A Vital Business Imperative

Today’s computing environment is a lot more sophisticated than it was a few years ago. With the Internet becoming a way of life, there has been a tremendous increase in the online population. This  in turn has also exponentially increased the fraudulent activity. E-commerce has brought consumers lower prices, incredibly diverse choices and an ease of buying that simply cannot be matched in the physical world.

This has also given rise to many global enterprises that deal with counterfeit and grey market sales. When you run a business online, it’s important to know what to look out for, and what you can do to protect your business and customers from fraud. Being forewarned is being forearmed, says the old adage, and that is certainly the policy that businesses need to adopt in the area of Internet security. The job of securing a business and its users against online fraud can be a trial by fire, fraught with challenges.

It is important for an enterprise to take adequate steps to protect the firm against potential exposure. To help combat possible frauds, the first priority ought to be implementing the right technology.  An enterprise can proactively prevent fraud with a solution that has speedy performance in a real-time environment. Enterprises need to know about the online fraud protection solutions that are available to them, as these solutions have to be proactive, to tackle the problem.

Make sure the solution you select, can function and scale without issues, under demanding traffic loads. Enterprises can become more proactive and reduce the impact of counterfeits in their company, by adopting strong and efficient online fraud management solutions.

Many companies employ online fraud detection solutions which merely consist of manual or semi-automated scouring of the Internet. Although enterprises use online monitoring solutions for detecting trademark violations, they are still unable to identify the products that are the targets for fraud and the ones who are perpetrating the fraud. It is therefore important to invest in a comprehensive SaaS-based online fraud protection solution that can monitor a wide variety of sites globally. Such anti-fraud solutions help identify the suspect data and help manufacturers to place a number of countermeasures in motion.

As it can adversely affect their brand and business, it is best to choose a solution provider that has multiple deployment and integration options available, who can offer suitable solutions that aptly fit the needs in your environment.

Read More About: Anti-CounterfeitingPharmaceutical anti-counterfeitingBrand Protection 

 

Effective Anti-fraud Solutions for the E-commerce Industry

Technological innovation though has created a number of opportunities for the growth of a globalised business environment; it has also brought with it a number of challenges. The business environment is prone to copyright and patent thefts which can cause intense damage to a brand's name and reputation. The wide use of the internet and the World Wide Web for online brand presence has paved the way for online frauds and scams to be synonymous with e-commerce. With luxury goods and cosmetic industry thriving in the e-commerce market, the fraudulent activities also thrive more on these business sectors.

 

Like the physical markets which are being strongly affected by fake and duplicate products, the electronic high-tech industry along with the luxury goods and cosmetic industry are the most effected counterparts in the online market. The low affordable price ranges dupe the eager customer both with cost and quality. Online frauds being incredibly frustrating and financially taxing both for the organizations and the consumer need to take up effective anti-fraud solutions to them.

 

With the B2B and B2C e-commerce showing unprecedented growth signs, the fraudsters are continuously monitoring the e-commerce websites for loopholes.  As a first step, organizations need to have an effective fraud detection system in place.

 

As per the PwC global economic survey conducted a few years back, nearly 50% of enterprises worldwide fall prey to frauds and grey market sales. Today, with internet forming the major communication channel both for business and social circles, counterfeiters can access millions more potential victims, paving way for a multifold increase in counterfeiting activities.

 

To counter these counterfeits, however technological innovations have also paved way for the development of powerful anti-fraud solutions to help prevent internet frauds. Leading IT giants and service providers have designed and developed solutions that enable organizations to track and identify fraudulent activities, large sales volumes, abnormally high discounts and low prices through real-time online monitoring.  Further, by exercising stringent measures, organizations can also shut down illegal operations. The creation of updated reports provides genuine manufacturers visibility to identify products targeted by counterfeiters for grey market sales.

 

Further these enhanced SaaS based software’s provide end-to-end anti-fraud solutions that helps organizations detect fraudsters. The advanced search options reaches beyond the access point of traditional systems and helps to monitor Internet regularly and understand the operational methodology of fraudsters and counterfeiters. Further, tightening the value network with structured enterprise risk management solutions will facilitate enterprise to recapture lost revenues and market share.

 

Read More About: Anti-CounterfeitingBrand ProtectionBrand Counterfeiting