Sat, May 27, 2017 | updated 12:34 AM IST

Lack of technology to hinder growth of developed markets businesses, says Epicor

Updated: Sep 20, 2016 11:47 IST      
Lack of technology to hinder growth of developed markets businesses, says Epicor

New Delhi [India], Sep 20 (ANI): Businesses operating in developed markets risk falling behind businesses in emerging markets that are placing greater importance on leveraging technology to fuel growth.

Global research from Epicor Software Corporation, a global provider of industry-specific enterprise software, found that 54 percent of emerging market business executives cited technology leadership as a significant growth factor, compared to just 36 percent of those in developed countries.

The research, which was conducted by MORAR Consulting and commissioned by Epicor, questioned over 1,800 business leaders from 12 countries across the globe.

Also recognizing the importance of flexible technology and business systems in fuelling growth, executives in emerging markets are putting themselves in a stronger position when it comes to preparing for international expansion. Businesses that have more agile working practices can respond more quickly to changing market environments, making them more prepared to deal with the demands of growth.

Of those surveyed globally, three-quarters (75 percent) of businesses in emerging markets agree that flexible working practices and technologies, such as mobile working, are significant in helping retain key people, compared to just 62 percent of those in developed countries.

In addition, the research found that businesses in developed markets are less likely to see the value of using the latest technology to free people up from mundane tasks, such as repetitive invoice processing and manual stock counting.

65 percent of business leaders in developed markets said this was a significant

contributor to their staff retention, compared to 75 percent of business leaders in emerging markets.

"Business executives in more developed markets could be in fact hindering growth unless they make strategic investments into critical technology and working processes that can increase their agility. They need to wake up to the advantages of flexible, agile technology and move beyond aging business systems that are inadequate to meet present-day and future business requirements," said Executive Vice President International Epicor Software, Sabby Gill.

"More developed markets are often considered beacons of technology innovation but they need to practice what they preach if they are to reap the benefits and continue to grow. This is also increasingly important in order to attract and empower the next-generation workforce in the workplace. Millennials, after all, expect to use the latest technologies in the most flexible ways," added Sabby Gill.

49 percent of business leaders in India said that expansion into new industries and product areas was a main priority for their business over the coming year.

To support this, 80 percent of Indian business leaders recognized that cutting-edge technology/IT was a significant factor in the retention of key staff. As an emerging market, it's vital that Indian business leaders continue to focus on flexible working practices and modern business solutions to translate their growth goals into tangible expansion plans.

In the same survey, 40 percent of respondents identified technology leadership as a significant factor to help stimulate growth. Yet these findings suggest that unless businesses in developed markets invest in technology they may struggle to meet their targets, with emerging market competition set to outstrip them with the latest technologies and processes. In today's dynamic and globalised economy, where competitors transcend across continents, organisations need to be flexible in order to adjust to market pressures as they grow.

"A modern ERP system can help businesses in emerging and developed markets alike cope with changes and successfully compete on a global scale. This is especially vital for businesses expanding quickly as they will need a flexible IT infrastructure which can be integrated across regions and can cope with managing a larger, more complex business model. In today's global marketplace, business leaders need to ensure they have scalable support which can easily adapt to inevitable change, especially as they grow," concluded Gill. (ANI)

U-Dictionary supports sentence translation inside any App

Updated: May 26, 2017 17:46 IST     

Bangalore [India], May 26 (ANI-Newsvoir): NetEase, the world's top three highest grossing mobile publisher, recently announced that its U-Dictionary app is introducing improved features for Indian languages.

Full Story >>

New Delhi [India], May 26 (ANI): Automation Anywhere, the global leader in enterprise Robotic Process Automation (RPA) on Friday announced the availability of IQ Bot, software bots capable of studying, learning and mimicking human behavior for intelligent process automation.

Full Story >>

Pokkt's SDK version 6.0 to enable in-game branding

Updated: May 26, 2017 12:58 IST     

New Delhi [India], May 26 (ANI): Mobile video advertising platform Pokkt on Friday announced the rollout of its Software Development Kit (SDK) version 6.0, containing a set of state-of-the-art software development tools that will assist game developers in seamlessly integrating in-game branding into their gaming apps.

Full Story >>

DocsApp aims to clock 5 million downloads by 2018

Updated: May 26, 2017 12:21 IST     

New Delhi [India], May 26 (ANI): Online hospital DocsApp registered a 25 percent month-on-month growth, and is aiming to serve more patients than all offline hospital chains, along with reaching 5 million downloads on Google Play Store by 2018.

Full Story >>

New Delhi [India], May 26 (ANI): With Topsgrup garnering praise as a trusted security services group in India, its Group Chairman Dr. Diwan Rahul Nanda forayed into the consumer-to-consumer segment with the launch of an on-demand home services marketplace app called Cheep, in Mumbai, Delhi and Bengaluru.

Full Story >>

New Delhi [India], May 25 (ANI): Infosys and HP Inc. On Thursday launched joint Retail Point of Sale (RPOS) and Enterprise Device as a Service (DaaS) solutions to help businesses accelerate digital transformation as part of the HP Global System Integrator (GSI) Alliance Program.

Full Story >>

OLX mobile phones category booming steered by Millennials

Updated: May 25, 2017 15:50 IST     

New Delhi [India], May 25 (ANI): With almost 10 million mobile phones, and mobile accessories listed in FY 2016-17 alone, OLX has reinforced its position as the number one online destination for pre-owned mobiles in India.

Full Story >>

ixigo amongst most used train travel app; inks 20 mn installs

Updated: May 25, 2017 11:36 IST     

New Delhi [India], May 25 (ANI): ixigo has announced hitting the numero uno spot by becoming India's most used train travel app with over 20 million cumulative installs and over five million monthly active users.

Full Story >>

Tokyo [Japan], May 24 (ANI): The internet connects people and things around the world. Optical cables placed along the ocean floor provide more than 99 percent of international communications.

Full Story >>

NVS goes Digital, to establish 8 Centers of Excellence in 8 cities

Updated: May 23, 2017 16:55 IST      By: Onkareshwar Pandey

New Delhi [India], May, 23 (ANI): Following the footprints of Prime Minister Narendra Modi for structural reforms in education ranging from schools to universities, and make Digital India with an aim to transform the country into a digitally-empowered knowledge economy, Navodaya Vidyalaya Samiti (NVS) has gone hi-tech.

Full Story >>

New Delhi [India], May 23 (ANI): Ericsson on Tuesday announced the launch of new dual band radio products customised for the Indian market.

Full Story >>

New Delhi [India], May 22 (ANI): Microsoft India on Monday announced signing of an today Memorandum of Understanding (MoU) with the Telecom Sector Skill Council (TSSC) to jointly explore how Project Sangam will help enhance skills of executives in the telecom sector and create a more viable skilling ecosystem.

Full Story >>

New Delhi [India], May 22 (ANI): Communications platform Truecaller on Monday unveiled its latest update of group messaging and MMS features on its app, which will enable users to share pictures, loop in the same text when communicating among friends along with the bolt speed flash messaging.

Full Story >>

New Delhi [India], May 19 (ANI): As part of Microsoft's 'Public Cloud for Good' initiative, Microsoft India is making Microsoft Azure broadly available to eligible non-profit organizations, bringing the power of technology to them.

Full Story >>

New Delhi [India], May 19 (ANI): UCWeb Inc's holding company, Alibaba Group on Friday reported a 271 percent jump (year-on-year) in its Digital Media and Entertainment revenue for the fiscal year ended March 31.

Full Story >>

New Delhi [India], May 19 (ANI): Leading provider of open source solutions Red Hat and Amazon Web Services, Inc. has announced an extended strategic alliance to natively integrate access to AWS services into Red Hat OpenShift Container Platform.

Full Story >>

New Delhi [India], May 18 (ANI): Acer India on Thursday announced the appointment of Rajeev Chandrashekar as Director of Consumer Products (Gaming).

Full Story >>

Ericsson, Microsoft tie-up to accelerate IoT globally

Updated: May 18, 2017 13:22 IST     

New Delhi [India], May 18 (ANI): Leader in communications technology and services Ericsson on Thursday announced its partnership with Microsoft to further strengthen the global Internet of Things (IoT) ecosystem by enabling enterprises to speed up the time it takes to launch mobile network-based IoT services.

Full Story >>

New Delhi [India], May 17 (ANI): Adobe on Wednesday announced the appointment of Sunder Madakshira as Head of Marketing for its India business.

Full Story >>

New Delhi [India], May 17 (ANI): Leading PC and tablets player Lenovo on Wednesday announced the launch of its dedicated brand for gaming 'Legion' in India in two variants including Lenovo Legion Y520 at Rs. 92,490 and Lenovo Legion Y720 at Rs. 149,990.

Full Story >>