Virtualization is a broad IT concept that helps enterprises manage their hardware and software. This does not mean it is only related to and beneficial for IT enterprises. Any non-IT company can also use virtualization for its requirements.
Virtualization simply means creating and maintaining a virtual version of something that is not real. You can virtualize your hardware, software, server, operating system, and more.
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Globalization has changed the way we do business. Today, we perceive and pursue opportunities differently. Our enterprises are expanding beyond our geographical limits into the low cost regions for manufacturing processes. But such expansion has its own risks. With dispersion comes lack of visibility, dwindling control, and difficulties in general management. So what do we do then? Should we give up on a business model that reduces costs and promotes inclusive growth?
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Business Process Management or BPM – the name says it all. But to make one futile attempt we would say it’s the discipline of managing disparate business processes across the enterprise. It’s the tough job of juggling the different processes, taking a holistic look at them, and streamlining them.
Why BPM? It’s simple – for boosting the efficiency, productivity, adaptability, and agility of the enterprise process. With good BPM in place, enterprises can have the luxury of modifying certain business processes without really changing the fundamental business rules. This way they can better react to market changes and grab greater opportunities.
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Cloud computing has the market divided into two groups. There are the proponents of cloud and then there are the opponents of cloud. The cloud proponents have always sung praises about cloud’s scalability, ease of deployment, and reduced cost of IT ownership. But the opponents have always cautioned against security issues of cloud. And with Amazon’s not-so-distant cloud outage, concerns over cloud’s dependability and security have once again reared their head.
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Outsourcing is more than just a fad now. It’s a strategic decision made by enterprises to realize business goals. During the initial days, outsourcing found its high in the obvious cost savings it delivered. But apparently this cost cutting turned out to be the nemesis of enterprises as they were left high and dry by their cheap service providers with no business results on hand. And the market realized that outsourcing was more than just cost containment. Today, outsourcing is powered by a new philosophy that stresses on quality, reliability, and dependability in addition to cost reduction.
Read More XII Commandments for Successful Outsourcing