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.

What to do with SharePoint 2010?

SharePoint 2010 is released in its new Avatar with enhanced collaboration and enterprise content management features, which enables, an organization to connect and empower people through formal and informal business communities, within the company and beyond, and to manage content effectively throughout the information lifecycle. In short, it is a strategic platform for enterprise for delivering applications, team-working and workflow throughout the organization.

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.

Cloud Computing 1-0-1

Here is my perspective on the Cloud Computing scenario as it unfolds going forward. Cloud Computing, by virtue of its dynamic, real-time upward and more importantly, downward scalability with a pay-per-use costing model, is particularly useful where there is significant inpredictability of demand for computing and storage resources or a large (though at times predicatble) variation in computing and storage activity through the year.

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.

 

Google Wave Threat to Microsoft SharePoint?

Google Wave is definitely an innovative way for collaboration and communication (C&C) for individuals. It’s still in initial stages of testing and is being tried out for personal use and informal chatting.  Microsoft SharePoint  (MOSS) as compared to Google Wave is a complete ECM product suite with many more features which are just not limited to C&C.

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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.

 

Cloud Computing – Microsoft way

You recognise the buzz when you hear it, let’s take a case of “Cloud computing”, lot of hype and buzz all ready created. So you must be wondering what Microsoft is doing about it? Well, their answer is Azure.