Control Based Processes
February 12, 2025
President Trump has brought the issue of buying local to the forefront once again. He is enacting laws in support of “Buy American, Hire American” principles which he ideologically believes in. This would not be the first case wherein governments are encouraging consumers to buy locally. When government agencies procure materials for government use, a […]
The prices of oil have once again started going through the roof. In the past few years, the prices of oil have seen a steady downturn. This can be largely attributed to the supply gut that was created as a result of a new technology called “fracking.” The world has changed immensely since then. Geopolitical […]
What Is Sigma ? Sigma or standard deviation is a statistical measure of dispersion in data. It is a measure which uses the characteristic of past data to make judgements about how the process will perform in the future. If a given set of data has normal probability distribution then the number of defects that […]
The International Monetary Fund (IMF) is often in the news. Every now and then some countries approach the IMF when they need funding to save their failing economies. Almost every educated person on earth has heard about the IMF. Also, everybody thinks that the IMF is a global institution with almost unlimited access to money. […]
Widening Current Account Deficit The first and most important problem facing the Indian economy is the widening current account deficit or the CAD. The CAD refers to the difference between the exports and the imports, which is always a deficit for countries like India that are dependent on imports of oil for their economy. However, […]
Although IT has been touted by the experts as being the bedrock of next generation of business in which large organizations encompassing several thousand employees will seamlessly operate in a global environment, there are a good number of issues to be resolved. However, as we have already seen the merits of using IT solutions as BPM tools. The following issues need to be confronted.
However the recent introduction of cloud computing has the capabilities to face the challenge. Advances in technology are now helping smaller companies use software like we use e-mail. One just needs to have an internet connection, no set-up, no servers, no infrastructure required.
One good example of the same is salesforce.com, which charges customers on a per user basis. Thus even small companies can have the benefit of good quality software irrespective of their size.
Since business functions in an integrated manner, it needs applications which do the same as well. But integrating different applications to support a synchronized process has become a difficult task. The IT companies are touting Service Oriented Architecture (SOA) as the solution. A discussion about what SOA really is, is beyond our scope. However, it must be noted that it is at a nascent stage and holds tremendous promise to make all system related woes disappear.
The two biggest buzzwords in IT, SOA and Cloud Computing are most likely to resolve the issues.
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