Wed, Feb 22, 2017 | updated 12:48 AM IST

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

Updated: Sep 20, 2016 11:47 IST

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)

Who controls your car without you knowing?

Updated: Feb 21, 2017 16:43 IST

New Delhi [India], Feb.21 (ANI): Kaspersky Lab researchers have examined the security of applications for the remote control of cars from several famous car manufacturers. As a result, the company's experts have discovered that all of the applications contain a number of security issues that can potentially allow criminals to cause significant damage for connected car owners.

Full Story >>

New Delhi [India], Feb 21 (ANI): World leader in digital security Gemalto is presenting the newest release of its On Demand Connectivity and eSIM technology for Windows 10 devices, in connection with Microsoft.

Full Story >>

New Delhi [India], Feb. 21 (ANI): In lieu of its eighth birthday on February 24, 2017, WhatsApp messenger, the instant messaging platform introduced a new update which is set to revamp the status feature.

Full Story >>

New Delhi [India], Feb 20 (ANI): NEC Corporation has announced that it has completed joint verification trials with NTT DOCOMO, Inc. using Massive Multiple Input Multiple Output (MIMO), a core technology for 5G base stations.

Full Story >>

New Delhi [India], Feb 19 (ANI): SyncNScan is a young company, which was set up by ex-Microsoft leaders and they were pioneers in introducing anti-virus for mobile devices.

Full Story >>

New Delhi [India], Feb. 17 (ANI): Ericsson introduced a 5G platform for the needs of the first movers in 5G. Communications are rapidly moving toward data-heavy applications like Virtual Reality and Augmented Reality everywhere.

Full Story >>

New Delhi [India], Feb. 17 (ANI): Aeris Communications' 'AerCloud' is an IoT cloud platform for collecting, managing and analysing sensor data for Internet of Things (IoT) and machine-to-machine (M2M) applications.

Full Story >>

New Delhi [India], Feb. 17 (ANI): Oracle India on Thursday announced that Oracle Management Cloud service has provided Indian companies with smarter insights and swifter action, thereby eliminating slow transactions.

Full Story >>

New Delhi [India], Feb 16 (ANI): LeEco, the internet and technology conglomerate's second generation Superphones Le2 (3+32) and Le Max2 to be a star attraction on popular e-commerce platform, Snapdeal during their Exchange Offer Days between February 16 to 18.

Full Story >>

New Delhi [India], Feb 16 (ANI): Kaspersky Lab on Thursday announced the

Full Story >>

New Delhi [India], Feb 16 (ANI): Leading provider of customer experience

Full Story >>

New Delhi [India], Feb 16 (ANI): As per the International Data Corporation (IDC) India Q4 2016 smartphone market report, Lenovo has emerged as the second best smartphone brand in CY 2016 with 8.9 percent and 9.8 percent market share by volume and value respectively.

Full Story >>

Gift-giving made easier this Valentine's Day

Updated: Feb 14, 2017 13:26 IST

New Delhi [India], Feb. 14 (ANI): For those who are struggling for ideas to gift to their other half on the big day of love, the ''Valentine's Day', here are some latest tech savvy gift ideas, from smart devices to gadgets put together for him and her:

Full Story >>

New Delhi [India], Feb 14 (ANI): cloud applications and platform services Oracle on Tuesday announced expansion of its 'Oracle Cloud Platform's' data integration offerings with the launch of Oracle Data Integrator Cloud, which will signify, simplify and accelerate cross-enterprise data integration to support real-time analytics that help organizations drive better business decisions.

Full Story >>

New Delhi [India], Feb. 14 (ANI): In a move to introduce the concept of virtual reality (VR) in the Indian market, Anand Gandhi's Memesys Cultural Labs has launched ElseVR, India's first VR platform.

Full Story >>

New Delhi [India], Feb. 14 (ANI): Google on Tuesday announced the launch of Google Maps' new feature 'Lists'. The feature has been designed to help an individual create a list of his/her favourite places. This feature is currently available on Android and iOS softwares.

Full Story >>

New Delhi [India], Feb 13 (ANI): As data encryption is more widely adopted to protect sensitive applications and information, world leader in digital security Gemalto has announced the launch of two new solutions that give enterprises unparalleled speed, performance and security when encrypting data across the cloud, enterprise applications and high-speed corporate networks.

Full Story >>

Make this Valentine's Day a tech savvy one

Updated: Feb 10, 2017 21:28 IST

New Delhi [India], Feb. 10 (ANI): As couples wait for Cupid to cast his magic spell, market players in technology have made an attempt to create an app-friendly Valentine's Day.

Full Story >>

New Delhi [India], Feb.10 (ANI): Samtel Avionics Ltd. (SA), one of India's leading aerospace and defence firms, along with its joint venture companies - Samtel HAL Display Systems Ltd. (SHDS) and Samtel Thales Avionics Ltd. (STAL) - will be showcasing its wide array of military products and expanded range of capabilities at the AeroIndia 2017 from February 14 to February 18, 2017 at Yelahanka Air Force Station, Bengaluru.

Full Story >>

Noida (Uttar Pradesh) [India], Feb.8 (ANI-Businesswire India): HCL Technologies (HCL), a leading global IT services company, today released the findings of an independent survey of senior business and technology decision-makers on the Internet of Things (IoT) in large global enterprises.

Full Story >>