Disclaimer: The articles in this blog post are those that I found
interesting and relevant to the topic of ERP and broader technology. I
have no commercial association with any of the entities mentioned in
this article. I may be following a few of these entities on LinkedIn and
even some of these entities may be on my LinkedIn or Social Media
network. These articles are selected purely based on their relevance to
the objective of this blog, to promote ERP.
(The short URL for this post is https://goo.gl/RnBRRn)
(The short URL for this post is https://goo.gl/RnBRRn)
1. Four real world use cases for Blockchain There are articles that give you an 'Aha' moment, when you realize that you have never thought of this point before. That is what I felt when I read one of the use cases of Blockchain that is described in this article. Companies can take the verified invoices from their ERP Systems and raise cash quickly by bill discounting with the banks or selling the bills to the factoring services.
As soon as I read that advantage, I decided that I will add this article as a part of my Top 5 list of articles for this week. This article is written for Forbes magazine by David Haimes, who works as a Senior Director with Oracle Corporation. His blog is one that I follow regularly.
One of the use cases for blockchain is that autonomous market place for other verified assets of the Organization will multiple. For example, Organizations could get a better value for their 'written down' inventory.
Blockchain will help reduce friction in business transactions. Which essentially mean that the self governed network of Suppliers and Customers will reduce disputes. Orders will automatically get cancelled based on guidelines and new approved orders will automatically get created. This will aid transactions that are geographically distant, for example.
Another advantage of blockchain is in securing digital records. Since every update is verified and encrypted by the network, it will be difficult to forge / modify any record. This is useful in case of any record that could get regularly updated like student records, employee records, personal data etc.
Fourth use case of blockchain is in traceability. Customers can track the quality and origin of ingredients, Automotive companies can track the supplier or a damaged part and quickly recall the vehicles in which that specific part has been used.
As soon as I read that advantage, I decided that I will add this article as a part of my Top 5 list of articles for this week. This article is written for Forbes magazine by David Haimes, who works as a Senior Director with Oracle Corporation. His blog is one that I follow regularly.
One of the use cases for blockchain is that autonomous market place for other verified assets of the Organization will multiple. For example, Organizations could get a better value for their 'written down' inventory.
Blockchain will help reduce friction in business transactions. Which essentially mean that the self governed network of Suppliers and Customers will reduce disputes. Orders will automatically get cancelled based on guidelines and new approved orders will automatically get created. This will aid transactions that are geographically distant, for example.
Another advantage of blockchain is in securing digital records. Since every update is verified and encrypted by the network, it will be difficult to forge / modify any record. This is useful in case of any record that could get regularly updated like student records, employee records, personal data etc.
Fourth use case of blockchain is in traceability. Customers can track the quality and origin of ingredients, Automotive companies can track the supplier or a damaged part and quickly recall the vehicles in which that specific part has been used.
2. What is Digital Control Tower? The Digital Control Tower (DCT) is a concept that provides extended supply chain visibility and actionable information based on data collected from the Supply Chain. It uses Existing Supply Chain Technologies (including WMS, WES and ERP), data from the edge (Social, weather, news feed and GPS data about fleet), big data and advanced analytics that provides detailed and actionable information and leverages new technologies like AI, IoT and ML.
By providing end to end visibility of the supply chain, DCT helps in reducing inventory, creating agile supply chain processes, provides visibility at all stages of the Order - Dispatch- Transport - Delivery cycle. Adoption of Cloud based DCT will be one of the key elements of #DigitalTransformation in many industries.
DCT provides enhanced Supply Chain visibility often to the third and the fourth node in the chain. It also enables both predictive and prescriptive analytics based on predefined guidelines. By providing early warning about impending disruption, it helps the participants to respond quickly with remedial actions (deciding on air freight rather than the normal sea freight)
DCT provides real time visibility into your supply chain that helps intelligent planning and overall supply chain costs.
Nice article. I have also provided links to 'additional readings on this topic.
By providing end to end visibility of the supply chain, DCT helps in reducing inventory, creating agile supply chain processes, provides visibility at all stages of the Order - Dispatch- Transport - Delivery cycle. Adoption of Cloud based DCT will be one of the key elements of #DigitalTransformation in many industries.
DCT provides enhanced Supply Chain visibility often to the third and the fourth node in the chain. It also enables both predictive and prescriptive analytics based on predefined guidelines. By providing early warning about impending disruption, it helps the participants to respond quickly with remedial actions (deciding on air freight rather than the normal sea freight)
DCT provides real time visibility into your supply chain that helps intelligent planning and overall supply chain costs.
Nice article. I have also provided links to 'additional readings on this topic.
3. What is iPASS? How does it work? In our weekly review of ERP Top 5 for week 2019-4,
we discussed how the new technology landscape will be characterized by a
plethora of applications both cloud and on premise. The applications
could include ERP, Niche Business Solutions, AI Apps, IoT Apps,
Analytics and Mobility apps. We discussed that Integration between these
disparate applications will be a key challenge for CIOs and a key value
driver for Enterprise IT.
iPASS (Integration Platform As A
Service) is one of the integration solutions to meet the challenge. This
is the new kid on the cloud services block and the need of the hour is
to understand it a little better. This article does a thorough job of
explaining iPASS. iPASS is a set of automated tools for connecting software
applications that are deployed in different environments. It provides
pre-built connectors, business rules, maps and transformations that
facilitate development of integration flows and API (Application
Programming Interface) management. iPASS can be used integrate between OP (On Premise) to OP and OP to Cloud applications.
Read on.
Do not forget to click the links at the end of the article to understand iPASS better.
4. Five ways in which leading CIOs are deploying AI in 2019 The article describes the ways in which five different companies are using AI and ML. There are two retail companies (Walmart, 7- Eleven) one bank (Bank of America), one hitech manufacturing company (Western Digital) and one company in education industry (Pearson). While Walmart is using it for process automation and to drive efficiencies, Western Digital is using it to optimize testing. I learned two key concepts from this article, one is 'Responsible AI' that discusses the emerging legal, moral and policy implications of AI. The other is 'Fast Follower Approach' to Technology adoption, a process followed in 7-Elevan. The CIOs selected are very enthusiastic about the future of AI and ML.
5. Bar codes - A Primer: Here is a quick primer of different types of Bar codes from ERP Software Blog. While this is a blog dedicated to Microsoft Dynamics, this specific article provides a conceptual understanding of the different types of Bar codes available in the market and the key differences between each. 1-d (One Dimensional) bar codes consists of a set of parallel lines. They capture complex information by varying the width of and the space between each parallel line in the bar code. There is a limit to the amount of information they can capture. 2-d (Two Dimensional) bar codes like QR Codes can capture much more information and can be copied on business cards and other marketing material.
There are two decision elements relating to bar code. One is the type of bar code and two is to ensure that the scanner you buy is able to read the bar codes.
Small article, but a good start to understanding Bar Codes.
4. Five ways in which leading CIOs are deploying AI in 2019 The article describes the ways in which five different companies are using AI and ML. There are two retail companies (Walmart, 7- Eleven) one bank (Bank of America), one hitech manufacturing company (Western Digital) and one company in education industry (Pearson). While Walmart is using it for process automation and to drive efficiencies, Western Digital is using it to optimize testing. I learned two key concepts from this article, one is 'Responsible AI' that discusses the emerging legal, moral and policy implications of AI. The other is 'Fast Follower Approach' to Technology adoption, a process followed in 7-Elevan. The CIOs selected are very enthusiastic about the future of AI and ML.
5. Bar codes - A Primer: Here is a quick primer of different types of Bar codes from ERP Software Blog. While this is a blog dedicated to Microsoft Dynamics, this specific article provides a conceptual understanding of the different types of Bar codes available in the market and the key differences between each. 1-d (One Dimensional) bar codes consists of a set of parallel lines. They capture complex information by varying the width of and the space between each parallel line in the bar code. There is a limit to the amount of information they can capture. 2-d (Two Dimensional) bar codes like QR Codes can capture much more information and can be copied on business cards and other marketing material.
There are two decision elements relating to bar code. One is the type of bar code and two is to ensure that the scanner you buy is able to read the bar codes.
Small article, but a good start to understanding Bar Codes.
Additional reading
1. Demystifying Cloud Vendors (excellent article, do not forget to download the presentation)
2. What is blockchain?
3. Trends in Warehouse Logistics
4. Lets make your supply chain visible in real time
2. What is blockchain?
3. Trends in Warehouse Logistics
4. Lets make your supply chain visible in real time
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