June 2017 - Page 3 of 4

Being A Lawyer In The Energy Sector – What’s In It For You? (Content Strategi – SEO)

Working as a lawyer has far broader horizons than many people assume. There’s no such thing as someone who is simply a lawyer, because there’s far more to it than simply being a lawyer. They come in many shapes and sizes, each professional with their own expertise, a category that they specialise in.

One of those categories, is a lawyer who works and specialises in the energy sector and in this short article, I’m going to list some of the potential roles, salaries and areas of interest of being a lawyer in the aforementioned field!

The Types Of Workplace

Legal professionals who are employed in the energy sector can work for numerous companies across a number of differing industries and with more roles than you can even imagine. Things like global oil companies, gas companies, producers of renewable energy or even nuclear producers – in each varying industry, they have to deal with a remarkable amount of stress-inducing job roles and duties, meaning that the stress levels of these legal professionals are often through the roof. Though that pretty much goes for every type of legal professional, not just those specialising in the energy sector.

Energy sector specialising lawyers could end up working with banks, governments, utilities and investors, typically involved with familiarising them with and maintaining legal regulation and also providing legal advice on planning and development restrictions.

In essence, being a lawyer in such fields is hands down one of the most stressful roles in the business. This is primarily because they are the ones dealing with the legal side of things, and we are all aware that it is the legal side of things which forces majority of companies and businesses into a spiral of financial downfall. Having to deal with these issues means that if something comes up as illegal, then it’s on the lawyer’s shoulders. If it all goes wrong, the lawyer is to blame.

It’s a field in which error is not acceptable, tolerable or even allowed in the slightest instance. Even the slightest legal errors result in colossal consequences, so when things go wrong, it’s the lawyers head on a stake. But, that’s also why being a lawyer in this type of field comes with its rewards.

Examples Of Salaries

So after looking into it briefly, I found that the majority of companies are paying around about the same sort of salaries and let’s just say that they are all fairly hefty. For example, working as a Legal Counsel for three days a week will earn you around eighty thousand a year, Construction Lawyers are looking at around seventy-five to eighty-five thousand and Corporate Oil and Gas Associates are earning upwards of one-hundred-and-twenty grand a year. So it is fair to say that with big risk, come equally big rewards.

A Great Field To Become Qualified In

If you’re looking to build a career as an energy sector lawyer, then you’re certainly in for an excellently-paid ride. With employers around the globe hiring lawyers at increasingly rising rates each year, which is most likely due to government bodies clamping down on legality and misconduct. Though it won’t be easy. Just like anything in life that is worth getting, becoming a qualified professional in this sort of field will take years of training and education, meaning you’ll have to work incredibly hard at it over a long period of time. But it goes without saying – once you’re qualified, you’ll be most definitely reaping the rewards.

LSI Keywords:

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Renewable Energy

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Career opportunities for lawyers in the energy sector (Content Strategi – SEO)

Career opportunities for lawyers in the energy sector are as diverse as they are rewarding. The growth of renewable energies and the utilisation of electric vehicles brings new opportunities as well as new challenges. While renewable technologies hold much promise, there are also some disagreements about the placement of renewable power generators with some arguing that they destroy the natural beauty of an environment.

In addition, the power supplied by many renewable energy generators is inconsistent, creating a need for new battery technologies to store power while production is high. The use of electric vehicles, meanwhile, creates new problems in the distribution and supply of energy, creating opportunities for law workers.

Electric cars must use batteries to store energy, which can be hazardous under certain conditions, potentially leading to issues about safety. Many new technologies are often the result of years of scientific research, which is often costly and time intensive for the teams involved, so there is a strong impetus for those involved to maintain the intellectual property rights for these breakthroughs. Comprehensive legal knowledge is required to determine who holds the rights to these technologies.

Global demand for energy is predicted to increase as large economies such as China and India become increasingly energy dependent. There are likely to be disagreements about how this energy is supplied and inequality regarding who has access to energy. This will require an ability to prioritise need while also making a case for development of new technologies which are more productive and energy efficient.

As new technologies are currently being implemented, there will be shifts in productivity as some nations become better equipped to capitalise on renewable resources while others must rely on scarce fossil fuels. As these fossil fuels become increasingly scarce, the need for governments to procure supplies of energy to meet demand will increase, leading to many challenges for energy lawyers.

There is a great need to reduce the pollution from energy production due to their effects on the global ecosystem. The shrinkage of the Arctic ice caps creates an interesting problem regarding which countries have rights to the resources which this region may contain. Also, the pollution and subsequent decline in the environment may create a loss of the wildlife species diversity required to maintain stable ecosystems, which could potentially harm both developed and developing nations.

Replacing ageing infrastructure will become a concern as many power plants reach the end of their useful lives. Policy-makers will need to decide between replacing power plants which rely on fossil fuels and exacerbate environmental problems or utilise renewable energies which may be unreliable or lead to disputes over the locations in which they are situated. Health concerns caused by the pollutants generated from the procurement of energy supplies are also a major problem.

As you can see, the energy law sector offers numerous challenges and opportunities to develop both personally and professionally. The salary in India for an energy lawyer can range from Rs. 12-15k per month at entry level to Rs. 4-5 Lacs per month or more, depending on many factors including the size of the firm they work with, the types of cases worked on and experience levels. In addition to a great salary and many opportunities for development, energy lawyers can also expect to be able to make a real difference to the way that the law is implemented.

Keywords

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INTERNET OF THINGS(Content Strategi – SEO)

Internet of things is considered as a third wave of internet helping to revolutionise the world. After several decades of improvements and developments in technology and revolutionising of the world, there have been several changes that have been deemed crucial for better services and improved products across the globe.

It is perceived that in the current generation, companies’ success is dependent on the internet of things to thrive. An overview description of internet of things describes it as a sole platform that connects devices like consumed services and products onto the network and revolutionises management making it highly efficient with expanded room for further developments. It is also considered that consumer demand is an aspect affecting internet of things adoption.

INTERNET OF THINGS TRENDS

Internet of things is mobilising followers in large numbers in its transformations. It helps in bringing about changes in the entire work process, helping in the productivity improvements, cost containment and also helps in the enhancement of user experiences.

Some of the recent trends in IoT are:

APPLICATION PROGRAMMING INTERFACE (APIs)

It serves as a bridge where it connects useful information and plentiful of data to the IoT. Through the exposure of relevant data to connect devices, it forms a vital interface between the internet and things to actualize previously unseen forms.

SECURITY

Most individuals are highly sensitive when it comes to the issue of security and concerning their personal devices and information and data. This is achieved by all market players doing their part. To attain this level of security, a good system should be employed which can help attain the full potential of Internet of Things.

There have been some reforms that have been undertaken to attain maximum levels of security, and some of the concerned organisations helping in this are Industrial Internet Consortium (IIC) and IoT Security Foundation (IoTSF).

PLATFORMS

It is an area that received great attention in the previous year. Business goals are attained by giving them the right platforms with right elements. A reliable IoT platform should connect devices, have the ability to gather reliable data, and furthermore accommodate a number of users.

As an addition to the above, a good platform should also have the capability to handle millions of messages at an instance. This makes it an agent of transformation in the business sector.

COGNITIVE COMPUTING

This is where the developed technologies around make the use of IP addresses to hover beyond connection and make it an intelligent feature. It helps different devices to be able to diagnose and adapt to their environment without, or minimal human interference. This has been made possible mainly through the use of sensors.

This feature can also handle large inputs and generate meaningful outputs. It has been able to keep up with the growing complexity of the Internet of Things by managing data.

CHALLENGES OF COMPANIES THAT FOCUS ON IoT

SECURITY AND PRIVACY

There is a notable inadequacy of security of user data. It is a vital problem that is mainly affecting big scale levels. Different individuals, software and products also have a varying level of security needs.

Despite the cited case of insecurity, tremendous efforts have been made to curb this problem.

INCONSISTENT STANDARDS

Product development has been quite rapid over the years, and there is a notable pattern in their variations.

To help curb this, solutions have also been developed to support new development like guidance from skilled individuals and solution integration.

TECHNOLOGY CONSTRAINTS

This is where the developed products lack the efficiency or effectiveness required. It is not considered a problem among many users, but affects a number of individuals and has been solved through technology innovations in the IoT sector.

The need to extract more value from each application.

TOP CONTENDERS FOR THE IoT PIE

There is high competition among companies and individuals but some of the top contenders to watch in the near future, or that have succeeded in recent past are mentioned below:

(a) Honeywell

It is considered a part of the Industrial Internet of Things and is focused in implementing digital technology into the manufacturing sector.

(b) Hitachi

It is a consulting company in Japan well known for helping companies apply IoT solutions in IoT spaces independently.

It is a well-known cable TV service provider and has developed a well-paying strategy to compete in the market.

(d) T-Mobile

It partnered with Twilio to make a cellular communication platform that could change IoT developed works.

Other companies that are succeeding are AT&T, Cisco (CSCO), IBM, Amazon, Skyworks, Apple, Google etc.

KEYWORDS

Internet of things

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Trends

user experiences

IoT

Industrial Internet Consortium

IoT Security Foundation

IIC

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Industrial Internet of Things

Today’s IoT Trends – A Worldwide Phenomenon(Content Strategi – SEO)

IoT is rapidly becoming one of the most looked-into and studied trends in the technological world of today, with many firms, organisations and businesses firmly believing that it is paving new pathways in technological advancement, providing companies with an enhanced outlook and greater chance of betterment.

IoT refers to ‘Internet of Things’, and it is one of the hottest topics in today’s ever-expanding world of technology. Many of today’s firms believe that IoT is the key to all of this. Although there have been many keys, they see this as sort of a master-key – almost like the Holy Grail of business growth, both financially and in terms of viewership. IoT is believed to be able to aid in many things, including enhanced customer relationships, business growth, reduced risk, cost and theft, better insights and improved customer satisfaction – and that is only the tip of the business-expanding iceberg.

How Exactly Does IoT Impact Businesses Who Choose To Focus On It?

Although it is thought to be the answer to all questions, IoT – just like anything else – does come with its setbacks. One of the most major flaws of IoT devices was discovered back in October 2016, when a DDoS attack struck a colossal 1600 websites in the US, crippling their services and distributing important and more importantly, private and confidential information. It proved that IoT devices are somewhat vulnerable and penetrable as opposed to what was originally thought.

Even everyday devices that are powered by IoT such as CCTV cameras and smart-home devices were hijacked and taken control of, then used against the servers. This would be a massive issue for those focusing on IoT in the world of business, because, in a place in which money is at stake, security is of utmost importance. With this hack already making people sceptical, businesses will have to be extra careful to make sure that their own IoT devices are sufficiently protected.

Another challenge that companies choosing to focus and incorporate IoT have to face is talent shortage in the IoT field. Surveys have shown that forty-five percent of IoT companies struggle to find security professionals and thirty percent have the same problems when searching for digital marketers. It seems as though there just aren’t many professionals out there who have adequate training, understanding or experience in the IoT area. Though it seems that in 2017, major vendors must act upon this and are looking to invest in IoT certifications and training. They will make it a part of the mainstream training programs undertaken in the tech industry.

Inevitable Leaps And Bounds

It seems as though with IoT rapidly growing in popularity and becoming more and more of an everyday thing in not just the technological world, but also the normal world, that big companies and businesses are starting to venture down the IoT route. With a lot of corporations beginning to place their focus on IoT devices and programs, there is no doubt about it that others are following suit. Though they may face a heap of challenges along the way and end up having to revise and edit their strategy now and then, it certainly still seems that IoT is the way to go for the corporations and businesses inside of today’s world of technology.

LSI Keywords:

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The Advantages of Private Equity (Content Princess – SEO)

The benefits of private equity to your portfolio are varied and knowledge of these benefits is valuable to any investor.

Private equity comes with the potential for making discoveries of undervalued companies which would be very difficult to find in the public sphere due to the scrutiny that public companies are under. Public companies must publish details of their finances quarterly, allowing all investors to respond quickly to small changes in profits or losses.

While this leads to a very precise measurement of the valuation of the company, backed up by a multitude of personal valuations of share worth, this also makes it very difficult for individual investors benefit from the acquisition of undervalued assets. In private companies, the absence of the requirement for published financial data means that valuations are significantly more obscure, meaning that comprehensive research is rewarded when assessing the real value of a company.

By performing more extensive research on a company than competitors, individual potential shareholders can act on information which may not be available to competitors.

Public companies are under great pressure for shareholders to maintain profits, lest published financial data leads to a reduction in share value and the selling of assets by shareholders. This need for public companies to maintain short term profits underscores the advantage of private companies, who can afford to maintain a deficit in the short term if it means increased profits later.

This ability to maintain shareholder confidence despite lack of profits in the short term allows for significant opportunities to acquire assets which have been undervalued due to a short-term lack of profitability, even if long-term projections are strong.

Of the 27 million companies in the United States, less than 1{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} are public companies. However, many opportunities for building diverse and profitable portfolios exist in the private sector. Investing in the private sector allows investors to compliment the activities of public sector companies, generating increased profits through supply line facilitation, synergistic co-operation or addressing market gaps which would be too unwieldy for the more restricted public companies to capitalise on. Also, investment in private equity is a means by which risk can be avoided.

The reduced level of scrutiny which private companies are under means that they can make decisions much more quickly than a public company can. This brings numerous benefits for several reasons. These include the fact that global marketplaces change often, with competitors attempting to be the first to respond to changes. Companies must be able to respond quickly to these changes in the market to stay competitive.

By removing the obstacle of being subject to the scrutiny of a greater number of shareholders, private companies can respond to changes in demand more quickly than a public company can, benefiting both consumers and shareholders.

Reduced levels of scrutiny mean that private companies are much easier to influence when it comes to the decision-making process. Public companies are managed by boards of directors who may or may not take into consideration the views of individual shareholders. On the other hand, Private companies usually display a greater likelihood for shareholders to influence the direction of the company, allowing you more freedom to make your perspectives and contributions known.

There are likely to be many other advantages to private equity not mentioned above, including the ability to support causes which have personal significance to the investor.

Keywords

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Watch Your Funds Grow (Content Princess – SEO)

In today’s world of a strong financial market, many are questioning if wealth is added to a portfolio by investing higher rates of private equity funds. Many investors and CFP’s are looking to these private equity funds as an additive to portfolio and in the past much care has been taken to preserve the mutual fund mix as opposed to these funds. The size of the mutual fund market always made it the most attractive portfolio base. There are some groups such as the Pensioners Fund that restrict a number of private equity funds to less than 10{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} of the mix in the portfolio. But perhaps in the current environment, the reliability of these funds has proven that private equity assets are a good fit into a profitable portfolio.

There are many investment strategies used with private equity funds in portfolio management. One strategy that is most effective is a hybrid strategy which allows for about a 25{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} private equity allocation and the remaining 75{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} comprised of mature funds investment. This combination assurance is a hedge against any area of non-performance while assuring the private equity strong returns. For many CFP’S this hybrid combination is safe, conservative and functions well for most portfolios.

There are some that prefer a higher rate of private equity funds. The high entry barriers have to be overcome to have a higher rate of private equity funds in the portfolio. The investment threshold for the private equity fund has been raised to $10 million which makes it substantially more attractive to the investor and so they are opting for higher rates of private equity and mutual funds ration.

The private equity managers are looking to help the investors such as the 401K and the IRA accounts into a greater proportion in the assets class of private equity funds. When the investor wishes for greater private equity options, they are looking at the goal of either going for long-term growth rate or wanting a high yield in the portfolio. The answer to this is usually brought to a private equity multi manager. Firms that use high rates of private equity have a group of funds that they are most likely to recommend. The managers explore the value of many companies to determine their viability and growth potential so that these managers are the most prepared to point out the pluses and the minuses of the various private equity firms for portfolio inclusion. Again depending on the end result desired by the investor, different private equity firms may be recommended.

There may be an extra fee for including certain private equity firms in a portfolio depending on how much research is involved into the company before it is recommended as stable assets. Some firms do not pass this fee to their clients but consider a due diligence service. Everyone knows that the research only offers a suggestion, but it is an informed guess as are so many other suggestions in the world of finance. The financial climate does appear attractive to include private equity funds at a rate that is comfortable for the investor about their investment goals.

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Innovative Startups: Growth Is More than Money (Content Princess – SEO)

India has the distinguished honour of being in the top 5 countries in the world for innovative startups. There have been many recent startups in India that have mastered the art of expansion in every type of business from food to community. The booming growth and economic power add steam to this tidal wave of innovation. However, companies need more than money to appropriately and successfully scale up new businesses.

Steps to Success: Build a Brand

One of the most important aspects of growing a business is building a recognisable brand. Startups often begin with a fantastic idea that could change the landscape of business, but without a recognisable logo and value structure, the company is unlikely to drive forward into a larger entity.

Wow!Momo is a perfect example of branding. Their logo is instantly recognisable, even from a distance, immediately attracting attention and attracting customers. This may seem like a difficult task, but there are companies available that can assist you in building a strong, visible brand. Don’t be afraid to outsource!

Steps to Success: Market Targeting

If you have a great product or company, customers are sure to quickly and easily find out about you, right? Wrong! To properly scale up a business, you need to reach out and find more customers. To find new customers, you conduct market targeting. Market targeting will help find your consumer base and let them know your company exists. Successful targeting can bring in new clients by the thousands giving your business the foundation it needs to grow.

Batman Delivers an ideal example of a company with targeted marketing. Using a darker superhero image plays well to the late night video gaming crowd who would use their anytime delivery service. Do you know how to approach market targeting? If not, there are consulting companies (often the same ones that can help with the brand building) that can help you achieve good marketing.

Steps to Success: Finding Talent

One of the most challenging aspects of growing a business and scaling up production is finding and hiring the proper talent. With good people, your business could grow exponentially through the application of skills. The main trouble is finding those people. There are a great many options for finding talented people but if you don’t have the expertise or the time, consider using a specialised company to do it for you.

Steps to Success: Social Media

Nowadays, social media can be either a hindrance or help to scaling up your business. Social media can provide a broad audience and customer base, but if your company is poorly represented, the word can spread quickly.

The key to social media is a polished presence. PassItOn is an excellent example of a company that has a strong social media presence. They have great looking photos and videos and stay connected with their audience. There are many consultants available if you aren’t tech savvy but the most important part of social media is to make sure you’re engaged with people.

Steps to Success: Networking

While social media can lead you directly to the customer, networking can lead you to expansion opportunities. If you are creating a product, proper networking can lead you to stores that could carry your product. Likewise, a service provided well to one company is often recommended to other businesses.

This can be one of the hardest steps to complete when scaling up your business. What do you do if you don’t have industry contacts? Find a company that does! There are consultants out there whose sole purpose is to help network your product to larger companies. Another approach could be to use professional networking sites such as LinkedIn, but cold calls are often ignored when this method is taken.

Conclusion

When looking to scale up and grow your business in India, look beyond funding. Funding is a good start but to be truly successful you will need a strong foundation of support in talent, marketing, branding, and networking.

Keywords: Startups, innovative, brand, scale up, business, market, company, targeting, grow, India, success

Why and How do downstream fast supply chain systems benefit from IOT? (Content Strategy – SEO)

IOT (The Internet of things) has trended very popularly with manufacturing and businesses. A research firm (Gartner) has researched the huge surge and predicted that by 2020 a supply chain system would operate significantly different than in the past.

How does IOT impact the supply chain system presently?

Currently IOT offers the following:

M2M (machine to machine) contact
Devices can be monitored, and instantly recognised if not running correctly.
Everything will be internet connected.
Supply chain leaders can gain much more information on their technology.

In 2015, the IOT market was sized at $900M – McKinsey (see source) predicts that by 2020 the industry will grow to over $3.7B.

A downstream supply chain system

Downstream just means where the company takes part in production; upstream is manufacturing raw materials, whereas downstream is closer to the end user.

Although IOT is very vast amongst business and isn’t a one size fit all, we can use the oil industry as an example and how the players have benefited from using the internet of things.

Upstream supply chain system

Production and exploration

Midstream

Transportation and storage

Downstream

Petroleum retailers and refineries

Let’s look at the benefits of IOT for Petroleum retailers.

The figures:

In previous years’ oil rose to $100 per barrel. However, new technologies recently enabled prices to drop to $20 – $30 per barrel.

This has resulted in well-performing oil companies to preserve top and bottom lines.

Source here

How does IOT help with a downstream supply system?

It will solve a lot of challenges that petroleum retailers face, especially with the following factors:

Outlets will be better at organising assets.
Easily manage supply chains.
Better customer relationships.

Most lucratively, IOT will provide information on every element of their business.

This can include monitoring of petrol pumps, equipment, health and safety, precise logistics handling, stock control and IT equipment.

Can it help downstream players with marketing?

The new IOT system offers more efficient advertising, by expanding visibility into the hydrocarbon supply chain and reaching new consumers through digital marketing.

This is just sticking to the example of a petroleum company; it can fit any business to improve performance, reliability, save costs, and work to maximum efficiency.

How IOT can change how downstream view suppliers

The system can provide retailers of all the suppliers available, an accurate reading of delivery, who’s got the best value stock and to check their reliability.

This will cause much heavier competition between the suppliers, as areas where they lacked before, will need more attention because of higher visibility to clients.

In Summary

Looking at why and how IOT can help a downstream fast supply chain system, we can see the countless benefits it can do to improve a business – and it doesn’t stop there because it’s only still the beginning with this new technology.

When we do reach the year 2020 (when the IOT industry is expected to expand in value by $3), the technology available will ultimately change how the business landscape works altogether.

Keywords:

IOT, supply chain system, the internet of things, upstream supply chain system, downstream supply chain system, How does IOT help with the downstream supply system? How IOT can change how downstream view suppliers, hydrocarbon supply chain, improve business performance

Industry 4.0 Series: Inside the factory (Content Strategi – SEO)

Industry 4.0 means that the number of network-connected sensors and devices could more than double or perhaps triple to 23 billion by 2021. This type of mass explosion of the Internet of Things forms a technology that includes the capability of advanced analytics which helps the business decision makers make better decisions involving the changing vision of the business space. The current usage with the anticipated future usage promises to change the face of manufacturing forever.

U.S. Manufacturers

In the United States alone more than one-third of the participating manufacturing companies use IoT processes. Based on research done by the IndustryWeek research team (www.ge.com/digital/sites/default/files/industrial-internet-insights-report.pdf), more than half of the U.S. manufacturers use IoT to collect machine data and a significantly smaller percentage of 44{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} collect data from sensors embedded in their products. They use the sensors as a critical component in their management research and consumer research as it proves to be a reliable and widespread indicator of consumerism. More and more industries and management are ready to include IoT into their processes for data collection and product usage.

Network Security

Many of the U. S. Manufacturers using the IoT manufacturing data collection processes report that there are still issues that need to be resolved in the data collection processes of using the Internet of Things as their only data collection efforts. One of the issues is the network security and data collection capabilities. http://www.pwc.com/us/en/industrial-products/next-manufacturing/big-data-driven-manufacturing.html. The concern for security management is at the heart of most of the objections to using the IoT, but those are finding out that networks are sophisticated to handle the data collection that is embedded in products that the concern is lessening.

Concern for Security

A concern still exists for the internal network of a manufacturing company being able to scale up to handle the increased requirements for them. Many management companies are monitoring current usage and depend on Network Solutions Company to help them scale to unbelievable levels to handle the IoT requirements. Current IoT has built in capabilities to monitor the working systems and gauge as usage becomes abnormal or needs improvement. Some improvements to the system include development equipment time, using the data to open new markets and measure machine performance and of course quality control of products to ensure the best quality.

Analytics

Using IoT American manufacturers are forced to become more analytical in their critical management decisions. For example, the IoT requires constant monitoring of network usage. This requires increased training for current staff and the employment of the directorate staff that are versed in network processes. The ability to overrun the competition is, of course, the end run of the business, but it is important that the IoT companies use the analytics that is generated to the most productive advantage of the enterprise.

Human Resources

Collaboration in many departments that historically did not interact becomes increasingly important in IoT management and manufacturing. Human Resources now form an integral part of the management team in addition to the keeper of benefits. Having the appropriate personnel to handle and understand the analytics is imperative to the growth of the company.

Keywords: IoT, Manufacturing, Collaboration, Management

Why the Construction Industry Must Align with the Current Mobile Digital Revolution (Content Strategi)

Mobile digitisation is growing at an exponential pace making application development and deployment more convenient than ever. To remain competitive, the construction industry must align with ongoing trends and embrace the mobile digitisation revolution on an organisation-wide basis.

The Nature of Mobile Digitisation in the Construction Industry

As per the Roland Berger study, an increase in the productivity of the construction sector is desirable, since there was only a 4{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} improvement during the past ten years, implying that these companies were far from being competitive. Even with the widespread availability of sophisticated mobile applications, only 3{ed162fdde9fdc472551df9f31f04601345edf7e4eff6ea93114402690d8fa616} construction industry players realise that digitisation is important.

Digitisation can affect companies regarding improving access to stakeholders including customers and suppliers, ensuring optimal data usage, enhancing automation, and promoting better connectivity.

Digital applications create endless possibilities regarding saving costs, focusing on logistics, optimising the supply chain, and making economical storage possible.

Contributions by Next-Gen Visual Builders

Contemporary visual builders for mobile applications enable a wide range of capabilities regarding front-end features, back-end capability, data processing ability and workflow management aspects. Construction industry players can instantly take advantage of drag and drop UI editing features, with full support for modules, optimal navigation structuring, customisable properties, single-click publish, and testing on real devices. Visual business data binding with embedded maps and graphs from multiple data sources, support for complex logic and workflows and convenient app distribution empower construction businesses.

A Note about Democratising App Creation

Democratising the mobile development process is desirable since it enables employee empowerment across the organisation for true business transformation and innovation. Mobile apps which are in line with the expectations of users regarding simplicity and create code automation environments which make it possible to achieve ideas.

Democratisation makes it possible to transform a vision into a running app for iPhone or Android, which can be designed instantly, and although not production-ready, is available on the app store, and can be a magnet for stakeholders and investors.

The Future – Bimodal IT regarding Gartner’s Vision

Gartner proposes a combination of traditional and modern IT practices in the realm of enterprise IT, which it calls Bimodal IT. As per Gartner proposal, future IT organisations will operate through two flavours, one based on the traditional IT approach for efficiency and stability, and the other based on an agile, experimental organisation, for least time-to-market and rapid evolution in a tightly aligned business space.

Bimodal IT can accelerate delivery of business apps. The characteristics of the two modes are designed to support different types of business projects targeted towards different business goals, from disruptive innovation to stability and maintenance. These different modes are available to cater to the differing needs of projects regarding requirements for business involvement, the requirement for frequency of updates, and faster turnaround times.

Two separate delivery methods which are in coherence with each other enable the advantages of predictability on one end of the spectrum, and exploratory approach on the other end. Simply put, there is a plethora of technological expertise available, and the present market is tuned to offer digitisation at its best to the construction sector. Construction businesses following a combination of traditional and modern business models are in the best place to decide the practices in mobile digitisation that will suit them best and take them to the next level.

References

https://dzone.com/articles/app-development-should-be-democratized

Assembly: The Art of Play & the Democratization of Design

The democratization of app building has created a new paradigm

http://www.cio.com/article/2875803/cio-role/what-gartner-s-bimodal-it-model-means-to-enterprise-cios.html

What does bimodal IT mean?

Bimodal IT and Remodeling Traditional IT for Greater Agility

http://e.huawei.com/us/publications/global/ict_insights/201701051027/analyst-corner/201701060859

Month: June 2017