Smart Move!!! Shift to IFRS

The use of International Financial Reporting Standards (IFRS) as a universal financial reporting language is gaining momentum across the globe. IFRS has already been adopted by many countries in Asia and Europe, and is rapidly gaining acceptance in the remaining key markets. US SEC is proposing a roadmap requiring IFRS adoption between 2014 and 2016. Adoption of IFRS will be one of the most significant changes that publicly traded companies will have to deal with over the next few years. In line with the global trend, in India, Ministry of Corporate Affairs (MCA) along with the Institute of Chartered Accountants of India (ICAI) has proposed a roadmap for convergence with IFRS for certain defined entities, with effect from accounting periods commencing on or after April 1, 2011.

Wanted - A taxonomy for the inventory

 A Production Planner sometimes spends his day managing bucket loads of emails, faxes, telephone calls and emails getting his suppliers to share their information, align their inventory as well as production targets to align to his demand. In fact identifying what the inventory means to different stakeholders is not different from the story of six blind men and the elephant – The inventory like the fabled elephant for each one has a different meaning.

How do you choose - Collaboration and ECM Solutions

Collaboration, Portals, Social Networking (SN), Document Management (DM), Content Management (CM), Web Content Management (WCM) and Record Management (RM), Digital Assets Management (DAM) – these are the elements and components of Enterprise Content Management (ECM) and we hear these key words day-in-day-out. It’s very incomprehensible to align and prioritize these in proper order for end-user usage, adoption and design enterprise solutions to achieve business goals.

Trends driving demand for Virtualization & Cloud Computing

In the post-economic turmoil world, even as the global economy pulls out of tough times, business leaders are likely to continue putting pressure on managers to do more with the same or better still, more with less. Tough times have taught some tough lessons and the drive for greater productivity, lower complexity and greater responsiveness is likely to continue.

Google Wave’s Impact on the Enterprise Content Management Space

 Google Wave has the potential to dramatically alter the Collaboration and Enterprise Content Management (ECM) market spaces. Traditional ECM vendors may end up offering Google Wave plug-in’s to make collaboration more effective. Also, vendors who have been thriving on providing excellent collaboration tools are likely to feel a strong threat from a product that comes free and backed by the Google brand.

 

Sustaining Competitive Advantage Of Divested Business

Market realities and increased competition have pressurized corporations to revisit their priorities and operational strategies. Divesting non-core business units that no longer fit strategic goals and selling under-performing units can be a viable means to resolve pressing business issues at hand. However, separating a business unit (BU) from its parent organization is wrought with tremendous IT challenges for both the parent as well as the BU being divested. Here are a few observations from the perspective of business unit(s) that are being divested to ensure they safeguard the competitive advantage in the face of divestiture.

 

Cloud Computing – Why should we adopt it

“Cloud Computing” – it is becoming one of the buzz word; everyone is talking about it or writing about it. Some of them would like to understand it, use it, feel it and experience the Cloud phenomena.  In a broader sense, it’s an umbrella of services includes – SaaS, Virtualization (Infrastructure) and Cloud Platform itself i.e. Application based frameworks. It’s very puzzling to know that, Search engines (like Google) lists thousands of definitions for the cloud computing.

 

Podcast: Operational Cost Transformation in AMS services

In this Podcast, Prashant discusses the various cost transformation levers in Application Management Services and provides and insight into how these are applied to AMS engagements. Learn how AMS services can be designed to leverage economic benefits on an ongoing basis using the cost transformation roadmap.

Prashant Shirgur, Sr Solution Architect & Head- Managed Services, Enterprise Applications

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Podcast: Code Refactoring Overview

In this podcast, Mahesh Kshirsagar, AVP and Head- Technology & Solutions at Patni Global Delivery Centre, offers an overview of Code Refactoring and its role in reducing total cost of ownership

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Taxonomy for an Enterprise

When you visit a shopping malls or a Grocery stores, you will see  all the items  – everything is arranged in aisle, racks, shelves with label, tag (name and description, if some cases), price – product expiry information, nutrition information and etc. It makes a shopper very easy to find what is looking for and where to find it thereby enabling SELF-HELP experience – touch the product and feel it before you actually buy it.