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SigmaWay Blog

SigmaWay Blog tries to aggregate original and third party content for the site users. It caters to articles on Process Improvement, Lean Six Sigma, Analytics, Market Intelligence, Training ,IT Services and industries which SigmaWay caters to

Impact of Technology in Day-to-Day Life

Nowadays, the presence of technology has changed the way we think, communicate and plan events with friends. Today, expansion of the internet broadband connectivity, and variety of software and hardware tools has major changes in our lives. In other words, technology has become a vital part in people’s lives. Read more about the advantages and disadvantages of technologies. Read more at: http://it.toolbox.com/blogs/marketing-strategies/the-impact-of-technology-on-peoples-social-relationships-78826

 

 

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Mixed Reality (MR) and its usefulness in CRM industry

Mixed reality or MR is a new technology which is coming up and will soon become a buzz-acronym within the CRM industry. In a nutshell, mixed reality combines the best elements of virtual reality or VR and augmented reality or AR and both AR and VR headsets are expected to flourish in terms of sales over the next five years, but it is expected that the value of these headsets will go beyond their utility with gaming platforms. As the demands on CRM teams to deliver a more personalized service is increasing, the mixed reality technology is being trialed in certain segments of the travel sector as MR can allow staff to match client data to the person they are seeing as part of their day-to-day activities. Read more at: http://it.toolbox.com/blogs/insidecrm/mixed-reality-will-bring-crm-to-the-front-line-of-the-hospitality-market-78818

 

 

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CRM and PRM Solutions in Co-Working Spaces

A recent research found that more than 1 million people will work in co-working spaces in 2017. It is a fact that co-working spaces are beginning to influence how small startups use customer relationship management (CRM) and partnership relationship management (PRM) solutions. Another study found that by 2020, there will be 26,000 co-working spaces with 3.8 million members. CRM vendors are developing niche product that will help facility management and will help them in managing memberships, Guest sign-in to the facility, including integration with your credit card processing system; customer and guest feedback. Read more at: : http://it.toolbox.com/blogs/insidecrm/crm-and-prm-for-the-coworking-generation-78780

 

 

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Prerequisites of ERP implementation

Enterprise resource planning can help your company plan, organize, and regulate the flow of information more effectively and efficiently. But, sometimes ERP implementations can leave you frustrating. So, at the beginning of any ERP project, you must consider some prerequisites. These may include: Evaluating current needs and options; Preparing reports for management; Allocating project budget; Creating a shortlist of solutions and obtaining equipment and a location for the project team. Read more at: http://it.toolbox.com/blogs/inside-erp/5-steps-to-a-successful-erp-project-78761

 

 

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All About Workplace Collaboration

Nowadays, the big changes in the workplace includes the rise of a mobile-first work style, along with ease of use that makes communication very easy. But, it reflects two realities that fundamentally drive the collaboration process. First is the important fact that messaging is easy to use and stems from its consumer roots. The opposite is largely the case for those legacy modes that creates the conditions for an easier to use application i.e. messaging – for collaboration. Read more about workplace collaboration at: http://it.toolbox.com/blogs/voip-news/workplace-collaboration-comparing-use-cases-for-messaging-and-voip-78744

 

 

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How to protect data

In today’s world, you must know the importance of securing not only your personal information but also the information obtained from your clients. It is easier for us to create huge files and store an unbelievable amount of information that you can be easily accessed with a simple push of a button. Regrettably, there are many people who target businesses especially small businesses as they tend to leave themselves unprotected. Fortunately, there are some ways to secure personal information by maintaining equipment and adding safeguards to prevent reduce the probability of an operating system or a hard drive error or a hacker from getting to your files. Read more at: http://it.toolbox.com/blogs/it-small-business/protecting-your-personal-and-business-information-78751

 

 

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VPN and its usefulness

Usually, a VPN can be demarcated as a group of computers linked in a web. When you connect to a VPN, the data is encrypted as it allows all the computers on that network to be safe online and get better privacy. Nowadays, many people use a VPN to browse the web without using the local network as it secures their information and encrypt it when using some public network. Business organizations are all online and there is security risk. So, it is important to secure the internet because if the security is breached, valuable business data and your entire organization might be at risk. Read more at: http://it.toolbox.com/blogs/marketing-strategies/why-modern-businesses-need-a-vpn-78741

 

 

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New Trends in ERP

Nowadays, Enterprise Resource Planning has become an integral part of the business and ERP vendors are also continuously coming up with less complex and more inexpensive options. The author here explores how the new trends of ERP that can help organizations extract the maximum mileage out of their ERP solutions. They trends are: Cloud ERP, user friendly experience, mobile ERP, flexibility, security, business intelligence and social ERP. Read more at: http://it.toolbox.com/blogs/inside-erp/7-emerging-erp-trends-78717

 

 

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Right CRM Systems

There are many CRM systems in the market. Each one of them are unique and have minor differences with each other. So, take time to carefully evaluate prospective systems when are choosing any CRM systems and choose a system that is the right size for your business and has the capacity to grow with you.  Read more at: http://it.toolbox.com/blogs/insidecrm/mistakes-to-avoid-with-crm-78709

 

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Local CRM versus Cloud Based CRM

While choosing a CRM system, it is important to decide whether you want it to be hosted locally or in the cloud. Both the approaches have their advantages and disadvantages but both offer you with lot of choices. Local CRM can give you more control about everything and offer capital-based payment system. In local CRM, you are responsible for all the maintenance and takes time, effort and expenses. On the other hand, Cloud-based CRM can take most of the administrative load off your organization and tends toward an operating expense method of payment. It can offload most of the administrative effort and maintenance on to the service provider and the overall effort is much less. Read more at: http://it.toolbox.com/blogs/insidecrm/cloud-or-local-choosing-your-crm-system-78708

 

 

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Business Automation through Chat Bot

Nowadays, business value increases when you decide to go for automation. To automate business, you have to create chat bots as it is the core driver. In layman’s term, a chat bot is mode of communication between computers and people to have a meaningful two-way dialog. The chat in chat bot is the interaction that makes you feel like a real conversation, and the bot is the robotic part that makes it clear to the user this is not a person-to-person interaction. The main actions of a chat bot is to manage routine, repeatable task that do not require people at both ends of the connection. Read more at: http://it.toolbox.com/blogs/voip-news/why-chatbots-represent-new-value-for-your-business-78546

 

 

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IoT and how it is applied as a part of security

Nowadays, the cameras installed are wireless and are linked into the internet, so are part of the IoT.  Each camera has an ID and a default password (‘admin’) which can be changed as soon as the system was installed. Since the camera data is to be displayed and controlled internally, the system is linked into the internal security system, which in turn is linked into the main data servers. Using the external cameras as the entry point, it will not take long for anyone with the right tools to have free access into the main server system. Read more at: http://it.toolbox.com/blogs/datasecurity/getting-serious-about-iot-security-78550

 

 

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Cleaning database through automation

Database is the most important part of your CRM system and is effective only when the entries are correct. But, keeping them correct is a never ending struggle. If not attended, it will slow your database and eventually corrupted. When that happens, the database is of no use. Preventing database corruption is a huge task for everyone who uses the database. Correcting individual database entries does not take long, but it should be done all the time. Automation is the only solution. Many of the misspellings and duplication work can be done by your CRM system or third party software. Read more at: http://it.toolbox.com/blogs/insidecrm/winning-the-clean-data-battle-78542

 

 

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Mitigation of risk through ERP

New markets are ruled through calculated risk, but it is best to avoid it firms whenever possible. Risk signifies lost revenue, disrupted partnerships, idle equipment, brand damage and a host of other effects that are not advantageous to corporations. So, mitigation of risk is important. The less risk, the better. Your ERP system can reduce risk by the following ways: Use Demand-Driven MRP, Automate Reorders and Manual Tasks, Share Supply Buffers with Partners, Beef Up Compliance Management, Boost Risk Management with Predictive Analytics, Improve Decision Making, Keep Better Tabs on Suppliers. Read more at: http://it.toolbox.com/blogs/inside-erp/seven-ways-erp-can-improve-risk-mitigation-78526

 

 

 

 

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Advantages of having IT dept.

Most businesses employ IT specialists. But, the question, is IT dead, or has IT simply taken on another form in order to survive the growing changes in technology? Advantages of having an IT dept. helps in:

 

·         Maintains the servers, machinery and networks

·         The backbone behind supporting people who use the complex interfaces presented by the above-mentioned machinery.

·         Build and integrate new capabilities on top of that machinery.

Read more at: http://it.toolbox.com/blogs/scingularity/i-is-for-information-t-is-for-technology-redefining-the-it-trade-78509

 

 

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Choosing the right CRM project

You should select the right projects for your CRM so that you have a positive return on your investment. It is found that many of the things CRM will let you do won’t show a positive payoff. Others will show long-term benefits that is worth doing. You should choose the projects as a lot of CRM projects are started because they sound like a good idea, without a careful consideration of costs and benefits. Therefore, the projects fail wasting efforts and time. The most important question you should to ask before starting a CRM or any other kind project is “Is it worth doing the project?” Usually a lot of people skip this step and end up wasting time and resources on projects that never pays off. Read more at: http://it.toolbox.com/blogs/insidecrm/is-it-worth-it-selecting-the-right-projects-78498

 

 

 

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All About Marketing Automation Process

In today’s business world, marketing automation is more than software with many features. It actually represents an entire approach to the marketing process that is designed to make it faster, smoother and more profitable. A successful marketing automation project usually starts with the objective of simplify everything about the marketing processes and it is important to make marketing process run smoothly. Read more on how marketing automation will work for you at: http://it.toolbox.com/blogs/insidecrm/making-marketing-automation-work-for-you-78499

 

 

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New Features of ERP

Enterprise resource planning or ERP is essential for organizations that manage multifaceted work processes to achieve business goals and grow their business. The ERP technology is changing rapidly, offering new features and challenging companies to reexamine how they do business. Organizations can take advantage of new features in ERP in order to leverage the benefits from supply chain management to profitability and the bottom line. These features are: Improving efficiency, Streamlining Business Processes with Real-Time Solutions, Integrate Data between Departments, and Run Progress Reports. Read more at: http://it.toolbox.com/blogs/inside-erp/5-ways-to-take-advantage-of-erp-78464

 

 

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How Artificial Intelligence Track Sales

Nowadays, Artificial Intelligence can track sales and every word can be analyzed for personal insights that can reveal what and how and even when to sell you something. It is capable of analyzing the entire context of every phone conversation which helps organizations to identify customer intent and behavior. By analyzing these results, marketers can determine exactly how to approach each caller, knowing in advance what they are looking for. Read more at: http://it.toolbox.com/blogs/insidecrm/ai-listening-to-your-calls-78447

 

 

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Advantages of ERP System Going Mobile

Enterprise Resource Planning or ERP system can provide priceless insights into business operations and helps control the processes that in turn gives a company its competitive edge. But, global business marketing is changing and so is the ERP system. In order to keep up with your competitors, you need to be super efficient in the connected marketplace. That means your ERP needs to go mobile. Going mobile means greater productivity, quality of service is higher and you get a competitive edge over your competitor leading to more business. Read more at: http://it.toolbox.com/blogs/inside-erp/business-on-the-go-with-mobile-erp-78463

 

 

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