Ensure Increased Sales and Reduced Asset Loss with Evaluation Systems

Compared to earlier times, today new products are launched almost every day. However, the feeling of excitement and the desire to own the product is far less today. This is because today’s customers have grown smart and practical. They are not ready to take anything at face value. They want to be amply sure about the product’s plus points before taking the plunge. And if it takes months they are ready to even wait that long. They are not easily convinced and therefore before buying any product, they would enquire about the product and if and only if they are thoroughly satisfied with the feedback then only they would buy the product. Realizing the new attitude of the customers, companies are devising newer ways to reach and convince them.

 

Of the different methods, the best way to convince customer of the effectiveness of a product is the ‘try before you buy’ programs. This is because statistics show that people would rather opt to try something that is free rather than buy a product without using it or fully understanding its benefits. However, this method has its fair share of shortcomings namely loss of demo equipment, monitoring problems, delayed returns management and more.

 

Hence, what product manufacturers need is an innovative, state-of-the-art Demo/Loaner program or evaluation system that delivers product’s benefits to the users hassle-free. Such a program would increase the visibility, accessibility, and utilization of the product. The following are some of the advantages of an evaluation system.

 

·         Advanced tracking solutions that result in lower loss of demo equipment of up to 80% lower than current rates

·         "Simulated" installation in Tech Center ensures that the DoA rate stays low

·         Real time reporting via the web reduces monitoring time and costs

·         Extensive aftermarket support - live call to customer in case of failure to return equipment, tests to ensure returned equipment is in working condition and delivery of equipment back into the inventory/demo pool

·         Managed calibration and update/upgrades on all

·         Dramatically improved asset utilization by leveraging the capabilities of a state-of-the-art multi-million dollar  software application

·         Leverages the advantage of product excellence, device demonstration, and customer intimacy with short-term yet effective loaner programs

 

Thus, evaluation systems are the sure shot means of ensuring customer satisfaction, increased sales and market infiltration and reduced asset loss.

 

Also read more about : supply chain solutions

 

Importance of E-Discovery Solutions

In layman’s terms discovery is the process of reviewing, analyzing, producing and accessing data at the time of civil legal actions. The primary objective is to attain data that would prove to be meaningful and helpful in developing significant data for pre-trial motions and for the trial itself.      


The information that is  collected during the discovery process can comprise of testimony, documents and any other information that is deemed important by a court.


In this regard, e-Discovery is simply the extension of the discovery process of data that is secure and electronically stores including instant messages, emails, spreadsheets, word processing files. It also comprises of other electronic content that might be stored on laptops, desktops, mainframes, Smartphones, file servers, employees’ home computer or in a number of other platforms. Unified messaging and communication systems that stores a wide range of data categories, that includes instant messages and voice messages at times make the whole process complicated.


Today e-discovery is becoming much more significant than ever in the context of civil litigation, for instance approximately three out of four discovery orders nowadays need e-mail to be produced as a part of the overall discovery process. Today it represents 35 percent of the overall litigation and organizations that fail to come up with e-mails in an appropriate and timely manner witness the hazard of paying of million dollars as fines. This apart, other consequences include loss of corporate reputation and loss revenue.


The top e-discovery solution providers today have introduced innovative electronic discovery litigation support. This solution has been trusted by several leading corporations and numerous law firms and government agencies in order to attend to litigation in a timely and cost-effective way. Furthermore, advanced electronic discovery litigation solutions helps in resolving some of the most crucial challenges that of litigation management today by simplifying the overall e-discovery lifecycle with the help of a single, simple-to-use applications that brings down the expenses, time and the intricacies of e-discovery.


By deploying advanced and well integrated e-discovery solutions corporations, government agencies and law firms can attain long-term viability. This is especially true for large scale companies that are involved in civil litigation. Best practices in e-discovery includes numerous key elements, that starts with management recognition for the requirement to be ready for e-discovery to develop a suite of corporate policies to deploy the apt technologies that will monitor corporation information correctly.


Know more on :  internal investigation,   electronic discovery 

 

Why Should You Resort to e-Discovery Litigation Solutions?

Success in litigation support needs coordination, planning and innovation before and after the suit is filed. It is essential to efficiently develop document management and the retention systems that would fulfill the enterprise’s business requirements. Simultaneously, it is also important to ensure that the critical data is accessible and available when required in order to cater to the client’s interests in litigation support. However, when the requirement for electronic discovery litigation support arises then expert attorneys of eminent service providers stay prepared to assist clients to efficiently deal with the demands placed on them, that comprises:

·         Collection and  identification of records that are crucial to the enterprise’s defenses or claims
·         Responding to demands for information from adversaries
·         Preparing persuasive presentation for the juries and judges

There are often legal cases that are lost or won prior to the first fall of the gavel, that is if the gavel falls. It is  a fact that majority of lawsuits hardly will go to trial. Therefore, as a result the management of the discovery procedure, during which time the platform is all set for motion practice and settlement negotiations, is of great importance. Organizations that are involved with litigation with increasingly aggressive opponents require lawyers with the discovery process and its influence not only in a particular case, but also in other cases in which the company is involved.

Today the top e-discovery solution providers have come with electronic discovery litigation solutions that helps companies in the following ways:

·         Helps in consolidating the overall e-discovery process from identification and legal hold to the production and review stage into one application, assisting the iterative nature of e-discovery
·         Helps in eradicating the expensive and time consuming data movement between several disparate tools
·         Assists in reducing the processing expenses and time up to 80 percent
·         Minimizes the review volume by 90 percent
·         Helps to attain quick insight into the concept and keyword search results in order to prepare better for the keyword negotiations
·         Helps to perform quickly early case assessments in order to scope litigation expense and timeline
·         Quickly identifies the main custodians and relevant evidence to cater to court appointed and FRCP deadlines
·         Offers complete transparency and lifecycle reporting to make sure the defensibility of the e-discovery procedure and brings down the court sanction risks

Eminent service providers of electronic discovery litigation programs help in solving the most critical litigation challenges. It also helps in simplifying the overall e-discovery lifecycle with an easy-to-use and single application that minimizes the cost, time and difficulties of e-discovery.
Know more on:
·         electronic data discovery
·         internal investigation

Are Successful Enterprises Backed by Powerful Innovations

In today’s fast paced business environment, creativity and innovation is a prerequisite for success, and perhaps even for survival. This is probably why creativity and innovation are now moving to the top of the agenda for organizations around the world. In the past, many organizations have been able to survive by providing quality products and simply upgrade them to a level that maintains their competitiveness in the market. As competition is growing and with the emergence of a consumer oriented market there is   need to be innovative, no matter what business you are running.  

Innovation is important as it is one of the primary ways to differentiate your product from your competitor. If you can't compete on price, you'll need innovative products and ideas to make your business stand out from the crowd. In a recent study it was found that eighty percent of the CEOs believed that the business environment is growing so complex that it literally demands new ways of thinking. The pace of innovation has been increasing and creating a large impact on business and society.

Samsung Electronics, one of the most successful electronic brands in the world has excelled in almost every field of the consumer electronic section. Their mobile phone manufacturing unit has gained tremendous appraisal across the globe. Samsung mobile phones are being designed, developed, and Samsung has achieved this remarkable position because of its continuous efforts to innovate in the mobile phone features, thus making it the most the most innovative mobile brand. With camera phones, multimedia phones, 3G phones, touch screen, flip, slider, smart phones (Smartphone) etc. Samsung has brought something for everyone.

Organizations need more than good products to survive; they require innovative processes and management that can drive down costs and improve productivity. Innovation in many of these companies like Nike, that launched its breakthrough concept Nike+ that allows runners to use their iPod as a digital coach and motivator. Powerful innovations are more than just new ideas. These innovations need to be repeatable, predictable, and sustainable.  This only happens when you treat innovation like you treat all other capabilities in your business.  This means having, amongst other things, a defined process. Know more on innovation products

Innovation is actually easy when the corporate culture is supporting it. All companies recognize intellectually that innovation and culture are both important to success. Most companies have default innovation cultures in which various values, norms, assumptions and beliefs all compete for influence over employees’ actual behavior. Organizations must create a culture of innovation and harnesses the creativity of its customers and employees.
Powerful innovations can make successful enterprises and most companies these days are always looking for better ways to stimulate, capture and capitalize on ideas. Advanced idea management services helps organizations embrace structured ideation process and apply a systematic approach and tools to enable idea generation.

Know more on:
·         idea management implementation solution
·         Idea management software

Expand Geographical Footprint with Language Translation Software

Translation is the process of producing a version of a text from one language to another. But is translation as simple as that? According to the U.S. State Department, US businesses tend to lose about billions of dollars in potential sales just because of poor translation. Translation thus is not a secondary issue but one of the foremost issues that enterprises need to look at when planning to expand their geographical footprint.


Thanks to globalization, most enterprises wish to expand their business beyond geographic barriers and are successfully doing so. For these enterprises, crossing the geographic barriers is not an issue at all when compared with crossing the language barrier. This is because incorrect and culturally inept language translation can destroy an enterprise’s hard-earned reputation within split second.

Enterprises looking to gain traction in foreign territories must at first try to understand the essence of the foreign culture and society. Such an understanding is necessary for enterprises to succeed in communicating their ideas across, clearly and accurately. Hence, enterprises must look towards partnering with professionals who provide effective  enterprise translation services.  


The job of a translator is to bridge the gap between two foreign languages and express business concepts and ideas in a language that is free from ambiguity and ineptness. Hence, enterprises must work with translators who have a good understanding of the source as well as the target language. This helps them in managing structural and lexical differences effectively between languages and multiword units like idioms and collocations.


Enterprises looking to expand business must invest in a collaborative translation platform that can lower the cost of localization by as much as 50% while doubling the speed of translation. It gives enterprise business customers new ways to engage their global communities by providing trusted, rapid translations to expand business. Moreover, enterprises get complete transparent access over every aspect of the translation process.


The platform deftly translates content into hundreds of languages, thereby allowing products to be launched quickly and efficiently into any global market. The following are some of the important features of collaborative translation platform.


* Machine Translation

* Advanced Translation Memory

* Fully Customizable, Secure, Shareable TM Storage Vaults

* Terminology Management

* Customize Workflow Templates and Ad Hoc Extensibility

* Team or Individual Assignment, Self-Assignment and Community Assignment

* Traditional Review or Peer Voting Review


With such language translation solutions enterprises can confidently go ahead with their business expansion plans.


Related Links:  language translation network , Translation Software Solution

Effective Information Risk Management – An Essential for Your Business

Technology is developing multifold helping companies to streamline processes, increase production speed and enable greater collaboration. But these benefits also bring potential information risks. Information security is important in proportion to an organization's dependence on information technology.  Organizations need to protect their information that is exposed to risk, from being vulnerable, and use appropriate information security technology to safeguard it. Information security risk management involves ensuring the implementation of data security standards in any organization. Information security risk can be a critical challenge for any company or organization that deals with storage and transfer of information.

Organizations need to protect their business systems infrastructure, proprietary and confidential data and their critical assets from being compromised. How a company manages its significant technology investment is important to its overall success. Security and risk management professionals have understood that security is a function of people, processes and technology and having a good security policy and appropriate technologies and processes in place to enforce them can help in the long run. Measuring and reporting adherence to security policies is a critical component of your security program and should never be underestimated or overlooked.

For a successful information risk management framework it is important to identify, prioritize, monitor and measure security, based on business goals and objectives. If information risk management is to be effectively implemented, the responsibilities for performing tasks and monitoring risks need to be clearly defined.  Information risk management coordination needs to be implemented across all areas of the organization and all employees need to aware of their responsibilities for managing risk in their business environments.  Resourcing requirements for implementing, monitoring and reviewing information risk strategies, should be a part of business planning for information security and management processes.

Why is an effective information risk management framework essential?
Information security technology is imperative for businesses today, as it reduces information risk very effectively. Some of the benefits of an effective information risk management are:

  • Provides a focus on potential risk impact areas
  • Allows high level risks to be addressed early in the life cycle
  • Improves confidence in cost and schedule estimates

Partner with a solution provider who has the capabilities to develop a comprehensive risk assessment & management framework that supports all information, processes, information technology assets, vendors, etc. For effective implementation of the risk management frameworks within the organization, strong awareness has to be inculcated into the teams across the business. The solution provider must have a service-modular approach to design, transform and sustain risk management.

Read more on - Identity access management, Banking IT security, mobile security

Ensure Customer Loyalty and Continued Business with Idea Management Software

"Innovation is the process of turning ideas into manufacturable and marketable form."
— Watts Humphrey

This is true for any enterprise, irrespective of whether it is in the manufacturing industry or services industry. Innovation is the key factor that helps enterprises to grow, evolve and fast track business success. Without innovation, survival in this hypercompetitive business environment is impossible. However, to bring new thinking is not as simple as that. What Warren Bennis, the great American scholar has to say about innovation is definitely true. According to him, "Innovation— any new idea—by definition will not be accepted at first. It takes repeated attempts, endless demonstrations, monotonous rehearsals before innovation can be accepted and internalized by an organization. This requires courageous patience.” Simply put, to bring innovation requires a lot of courage, persistence, perseverance, and creative thinking.

In the services industry, the working model of most organizations is as follows.
·         Assess the needs of a market and then offer a service that either fills some gaps or fulfills some market demand.
·         Continuously improve and refine the service offered based on the study of changing markets and feedbacks and responses from end users.

Here, though a new service is offered there is a lack of innovation. An enterprise in the services industry can be said to be innovative, if it introduces a service that has been never heard to be done before but at the same time is something that customers have been waiting for quite a long time. Enterprises can come up with ideas if and only if they look beyond just starting a business and focus on providing a service that ensures customer satisfaction. Hence, enterprises must invest in idea management solutions as it ensures customer loyalty and continued business. Let’s see how.

Idea management software is an idea-capturing platform that helps enterprises to manage, screen, and implement viable ideas. It brings together various stakeholders such as vendors, employees, partners, and customers on one shared platform. This facilitates not only in idea generation but also in getting the all-important feedback on the idea. The following are some of the benefits of idea management software.

·         New competitive products and services
·         Process improvements
·         Improved collaboration and decision making across teams
·         Competitive advantage
·         Identify hidden talent and new areas of growth
·         Enhanced Brand Value and Brand Loyalty

With idea management services industry can come up with breakthrough innovations and thereby stay ahead of the competition.

Know more on: innovative management solutions & innovation products

Easy Phishing Awareness Training For Employees

The most common threat for IT business and operation nowadays is popularly known as Phishing and its paralytic visible attacks. With the rise of social engineering and its negative impacts such as spyware and malware, Phishing too is a vicious attack that aims at stealing all personal data of the user. The most common form of Phishing attacks is in the form of fraudulent mails and links to web portals having inauthentic fictitious content, though apparently they all look genuine.


Phishing mails are widely sent to numerous individual users and employees and their compelling content coaxes the user to share financial, official and other private data. Apart from personal loss, Phishing attacks also result in company revenue loss and brand erosion.


How to Protect Yourself From Phishing


Therefore, organizations today need to pay close attention to the Phishing protection by resorting to the effective tools. The present day products and solutions available only tends to address the “process and technology” aspect of the safety. There is a gap as only a handful of solutions are capable of addressing the “people’s risk” quotient sufficiently. The current trend has been towards an “incident based approach”. However, organizations do face some difficulty when they have to train their employees and working staff adequately about Phishing protection.


Advanced Phishing Protection Solutions


Eminent solution providers have come up with advanced anti-Phishing software that has revolutionary technologies that guarantee maximum user security and benefit. Installing and using this software is very simple. The users simply need to contact the chosen service provider and let them know about their preferences, i.e. Would they prefer to be trained in the process and so on. The moment a service request is lodged at the company’s end they work towards setting up a virtual connection. When this connection is completed, the users are required to customize the anti-phishing awareness program by offering important details about processes, people and technology.


After this, a duplicate Phishing attack is created for the target consumer. The organizations can choose for a basic Phishing attack or can also opt in for an advanced level attack. If they want, they can choose both. The Phishing awareness program then works towards tracking the user responses and reviews the employee social behavior. Post this it generates a detailed report based on these facts. This is followed up with a comprehensive action plan that helps in leveraging the training offered to the employees.


Read More On: Simulated Phishing Attack ,  Anti Phishing Tool

Benefits of Implementing Risk Management Frameworks

In the recent past, there have been numerous instances of corporate collapses, resulting from unorganized and inefficient network management systems. Repeated unwarranted accidents from malicious hackers and misuse of privileged ID’s have been leading to brand erosion, financial losses and huge amount of data thefts. These mishaps can be successfully averted provided there is a systematic Corporate Governance and appropriate Risk Management Framework in place.

Today, most companies use Risk Management Frameworks, as:

  • Tools for organizational self-assessment
  • A guide to identify the probable scopes of improvement
  • A common way of thinking concerning data security and enterprise risk management
  • A format based on which an organization can set up its risk management capacities

Risk Management Approach
Today numerous enterprises have their own way of addressing and managing risk. While some keenly focus on financial losses, others give more relevance to decision making being hampered by unforeseen risks. Risks can also be evaluated on the basis probability (how likely it is to impact the project), proximity (how soon it will impact) and impact (to what extent it would change the project). Another important method that some enterprises follow is by setting up a risk assessment taxonomy chart as a visual representation of all possible threats and risks impacting a project. This layout is beneficial in allocating ownership of each risk.

Industry Solutions for Risk Management
Keeping in mind all these factors, today solution providers of information risk management have come up with risk management frameworks that function in a phased methodology. The two primary phases are:

  • Designing and Strategizing
During this phase the user’s risk management process, strategy, compliance and policy needs are assessed by the service provider. This involves rating mechanisms, risk identification and other allied functional processes. Furthermore, this process helps in identifying who performs risk management, who sanctions risk decisions and other similar aspects.  Finally, depending on this assessment the service provider offers a holistic risk management framework that delineates how the risk management process needs to be conducted.

  • Sustenance and Deployment
In this phase the service provider helps in executing the risk management framework by designing risk management templates, customizing the rating and ranking the mechanism to address various assets.

Simply put, risk management entails in establishing a perfect balance between maximizing the scopes for growth and eradicating unwarranted hazards. Eminent solution providers with their holistic and modular solutions help enterprises to design, transform and sustain risk management apart from monitoring compliance and client security policies.

Also read on - data protection solutions, secure release, SAP security

 

Benefits of Implementing Risk Management Frameworks

In the recent past, there have been numerous instances of corporate collapses, resulting from unorganized and inefficient network management systems. Repeated unwarranted accidents from malicious hackers and misuse of privileged ID’s have been leading to brand erosion, financial losses and huge amount of data thefts. These mishaps can be successfully averted provided there is a systematic Corporate Governance and appropriate Risk Management Framework in place.

Today, most companies use Risk Management Frameworks, as:

  • Tools for organizational self-assessment
  • A guide to identify the probable scopes of improvement
  • A common way of thinking concerning data security and enterprise risk management
  • A format based on which an organization can set up its risk management capacities

Risk Management Approach
Today numerous enterprises have their own way of addressing and managing risk. While some keenly focus on financial losses, others give more relevance to decision making being hampered by unforeseen risks. Risks can also be evaluated on the basis probability (how likely it is to impact the project), proximity (how soon it will impact) and impact (to what extent it would change the project). Another important method that some enterprises follow is by setting up a risk assessment taxonomy chart as a visual representation of all possible threats and risks impacting a project. This layout is beneficial in allocating ownership of each risk.

Industry Solutions for Risk Management
Keeping in mind all these factors, today solution providers of information risk management have come up with risk management frameworks that function in a phased methodology. The two primary phases are:

  • Designing and Strategizing
During this phase the user’s risk management process, strategy, compliance and policy needs are assessed by the service provider. This involves rating mechanisms, risk identification and other allied functional processes. Furthermore, this process helps in identifying who performs risk management, who sanctions risk decisions and other similar aspects.  Finally, depending on this assessment the service provider offers a holistic risk management framework that delineates how the risk management process needs to be conducted.

  • Sustenance and Deployment
In this phase the service provider helps in executing the risk management framework by designing risk management templates, customizing the rating and ranking the mechanism to address various assets.

Simply put, risk management entails in establishing a perfect balance between maximizing the scopes for growth and eradicating unwarranted hazards. Eminent solution providers with their holistic and modular solutions help enterprises to design, transform and sustain risk management apart from monitoring compliance and client security policies.

Also read on - data protection solutions, secure release, SAP security