|Exam Name||:||IBM Optimization Supply Chain Mgmt Sales Mastery Test v1|
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00M-243 exam Dumps Source : IBM Optimization Supply Chain Mgmt Sales Mastery Test v1
Test Code : 00M-243
Test Name : IBM Optimization Supply Chain Mgmt Sales Mastery Test v1
Vendor Name : IBM
Q&A : 30 Real Questions
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foreign enterprise Machines (NYSE: IBM) sees abilities in blockchain, the disbursed ledger expertise that underlies cryptocurrencies like bitcoin. The century-old tech large is a pacesetter in the blockchain market, with over 500 customer engagements to this point. remarkable initiatives include IBM Blockchain World Wire, a platform for go-border funds, and TradeLens, a blockchain gadget for the international transport trade.
an additional remarkable IBM blockchain undertaking is meals believe, a platform that allows quick monitoring of meals from farm to keep. tracking the source of a contamination, like recent E. coli outbreaks associated with romaine lettuce, can commonly take days or even weeks. IBM meals trust can deliver that time right down to seconds, cutting back costs for the business while doubtlessly saving lives.
a girl in a room full of plants.extra
photo supply: IBM.growing to be the network
IBM meals trust began as a pilot challenge with numerous meals organizations in 2017. In September of 2018, megaretailer Walmart utterly embraced the platform, atmosphere a timeline for its leafy-veggies suppliers to join IBM food trust and enable conclusion-to-end traceability. IBM food have faith become made commonly available in October, and a couple of more big companies joined the community. Most mainly, French retailer Carrefour uses IBM meals have confidence for a few of its private-label items.
With Walmart leaping on board, it turned into best a count of time before other supermarket chains adopted swimsuit. This morning, IBM introduced that Albertsons businesses, a privately owned chain of roughly 2,300 outlets, would begin piloting meals have faith for tracing bulk romaine lettuce from considered one of its distribution centers. If all goes well, Albertsons will explore increasing to other meals classes.
food have faith creates digital statistics of transactions and interactions. These information may also consist of packaging dates, temperature readings, and dates of arrival at a food market. The aim is to turn the inefficient process of monitoring down the place a foodborne disorder originated into a good, digitized method that may take contaminated products out of circulation immediately. The equipment can additionally aid reduce food waste and meals fraud (the deliberate tampering with or misrepresentation of meals).
Albertsons sees food believe as a method to build believe in its personal brands while proposing improved transparency for its valued clientele. "Blockchain know-how has the capabilities to be transformational for us as we extra build differentiation on our clean manufacturer. ... in addition, the provenance of the items enabled by using blockchain -- the capacity to track every movement from the farm to the customer's basket -- can be very empowering for our shoppers," spoke of Albertsons chief assistance officer Anuj Dhanda in IBM's press unlock.The probability for IBM
The network impact, whereby the extra americans use a product or provider, the more helpful that product or service becomes, is a magnificent aggressive advantage. meals believe becomes greater compelling for grocery chains and other meals give chain participants as more groups be a part of the community. truly, it starts to turn into imperative as colossal chains like Walmart mandate its use for suppliers.
If meals have faith ever reaches crucial mass, becoming the de facto usual within the food business, IBM may have a platform that generates fees and may be very intricate to disrupt. it's just about the ultimate variety of business there's.
It continues to be to be viewed whether IBM can proceed to grow food have faith into an business commonplace. but with Albertsons joining the community, the odds just obtained a bit bit enhanced.
more From The Motley fool
Timothy eco-friendly owns shares of IBM. The Motley idiot is short shares of IBM. The Motley fool has a disclosure policy.
Albertsons corporations, some of the greatest food and drug agents within the U.S., is joining the blockchain-based mostly IBM meals trust community to aid keep track of items within the food supply chain corresponding to romaine lettuce.
That’s essential, as tainted romaine hospitalized dozens of american citizens in late 2018. With the transparent decentralized ledger know-how of blockchain, IBM may be capable of extra exactly tune the place meals originates and goes, from farm to store shelf.
The addition of Albertsons agencies to the IBM food trust network brings greater than 50 brands across the food ecosystem to blockchain-based mostly food traceability. it's going to help permit greater transparency and collaboration, and sooner or later, a safer meals deliver chain, the groups noted.
Blockchain is a device of listing that may also be used to trace and authenticate objects as they move in the course of the provide chain. It creates a digital record of every transaction or interplay – from a packaging date to the temperature at which an item turned into shipped, to its arrival on a grocery store shelf.
This accelerated transparency can handle a large latitude of food satisfactory concerns, from food safeguard to freshness, to verifying certifications corresponding to organic or fair change, to waste reduction, sustainability, and more.
The expertise is getting used to make the conclusion-to-end food ecosystem greater transparent and devoted. It has the talents to seriously change broad, nationwide food remembers into effective, specific eliminations of recalled products. Already, more than five million meals items were traced on the solution.
Albertsons agencies, which operates pretty much 2,300 shops across the U.S., will start piloting IBM meals have confidence for tracing bulk romaine lettuce from one in all its distribution facilities, then discover expanding to different meals categories all through its distribution network.
image credit score: IBM
“Blockchain technology has the abilities to be transformational for us as we additional build differentiation on our fresh manufacturer,” stated Anuj Dhanda, chief information officer of Albertsons organizations, in an announcement. “meals security is a very big step, though the provenance of the products enabled by way of blockchain, the capacity to tune every circulate from the farm to the client’s basket, will also be very empowering for our customers.”
Albertsons groups plans to pilot IBM food believe to assist overcome the existing limitations to a traceback for a product like romaine and is investigating ways to use the expertise to support be sure the provenance of its huge own brands portfolio.
A blockchain community is strongest when it includes numerous, diverse participants that form a transacting ecosystem. it truly is why IBM meals trust makes it possible for organizations from throughout the meals ecosystem to be part of and share data. Already, some IBM meals believe participants either recommend or mandate that their give chain partners, akin to downstream suppliers, be part of the network. here's intended to carry a greater finished view of the complete lifecycle of a meals product.
“in view that first introducing IBM food believe, we now have met a few milestones that exhibit the path toward transforming the end-to-conclusion food equipment,” pointed out Raj Rao, everyday manager of IBM food believe, in a press release. “today, we're further scaling the network to convey blockchain-primarily based traceability to an even wider pass-portion of retailers, suppliers and end consumers. with the aid of working with the correct dealers in every single place the world, IBM food believe is definitely assisting to give a safer and extra transparent food device for all.”
IBM meals trust allows for companies to onboard by means of loads of alternatives, together with offering guided onboarding to aid manufacturers personalize their options and involving IBM features for consulting abilities. as soon as onboarded, contributors have access to software programming interfaces (APIs) and developer tutorials, which are overtly attainable on-line through IBM DeveloperWorks to ease integrations with third-birthday celebration applied sciences, enterprise programs, and other records sources.
IBM food have confidence is among the greatest and most active non-crypto blockchain networks nowadays. it is obtainable as a subscription service for members of the food ecosystem.
February 08, 2006 10:01 ET
ARMONK, ny -- (MARKET WIRE) -- February eight, 2006 -- IBM these days announced that it will enhance its company Transformation Outsourcing (BTO) capabilities within the $23.5 billion marketplace for supply chain optimization and management services throughout the acquisition of Viacore, Inc., a number one provider of business method integration solutions for actual-time provide chain visibility. monetary phrases of the acquisition have been no longer disclosed.
closing 12 months IBM delivered the world's first provide-chain BTO capacity, tapping into its wealthy interior provide chain journey, consulting expertise, and analytics technologies, to support corporations operate and manage end-to-end provide chain processes. The Viacore acquisition expands IBM's capabilities, specifically within the electronics and retail industries, by using enabling a consumer and its deliver chain companions to with no trouble trade tips on potential, stock, creation, sourcing, delivery, forecasting, and planning in true-time. This ability allows communities of provide chain companions to in the reduction of fees, improve responsiveness to shoppers and forge extra tightly built-in relationships.
"constructing a responsive, built-in deliver chain that operates in true-time with suppliers, companions and purchasers, is a tremendously complex proposition that requires a distinct aggregate of consulting, technology and features talents," stated bill Ciemny, vice chairman for global deliver Chain BTO options at IBM. "With the acquisition of Viacore, IBM provides to an already well-dependent portfolio along with internal and exterior partner capabilities that presents valued clientele the possibility to outsource their give chain, whereas they continue to center of attention on innovation and their core potential."
"Viacore's company process integration options have helped our customers create dynamic supply chains that bring massive can charge, responsiveness and productivity advancements," stated Fadi Chehadé, CEO of Viacore. "we have enjoyed a collaborative earnings and marketing relationship with IBM for a few years, and our combined efforts will create a better value proposition for groups trying to develop a aggressive abilities via provide-chain business Transformation Outsourcing."
IBM's give Chain BTO offering helps valued clientele optimize company processes from procurement and logistics to approach and planning. IBM has the world's biggest supply-chain administration consulting follow, with over 8,000 consultants. These consultants draw on the collective advantage of IBM's 15,000 inside deliver chain consultants across the company to carry BTO functions to shoppers.
enterprise Transformation Outsourcing (BTO) transforms customer corporations and provides business optimization through innovative company and know-how methods. the usage of its international network of abilities, industry-leading consulting methodologies, analysis and engineering capabilities, advanced technologies and analytical tools, IBM's BTO capabilities standardize, streamline and enrich company techniques. IBM BTO capabilities transform key business services including Finance and Accounting, customer Relationship administration, give Chain, Procurement and Human components. IBM provides BTO capabilities to many of the world's main organizations, and over the last 4 years has made a number of strategic acquisitions and investments to extend and make stronger its capabilities, including the acquisitions of PwC Consulting, Daksh eServices, Liberty assurance functions Corp., Maersk facts, Key MRO, Equitant and Healthlink.
IBM is the realm's biggest suggestions technology company, with eighty years of management in helping companies innovate. Drawing on materials from across IBM and key IBM business companions, IBM presents a big range of functions, options and technologies that enable consumers, huge and small, to take full skills of the new period of on demand enterprise. For more counsel about IBM, discuss with http://www.ibm.com.
About Viacore, Inc.
Viacore, Inc., a frontrunner in procedure integration and administration, offers BusinessTone, a comprehensive on-demand solution for global 2000 businesses that should abruptly and price-without problems combine guidance and strategies during their prolonged organizations. BusinessTone speeds implementation and helps reduce a company's risk through leveraging a different tool set known as the BusinessTone administration device. The BTMS changed into developed particularly to tackle the wants of managing advanced partner on-boarding projects in addition to to manipulate excessive-quantity, precise-time process flows. Viacore's BusinessTone purchasers include business leaders comparable to Amkor, Arrow Electronics, Cisco systems, The gap and Qualcomm.
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In a history that stretches over more than 70 years, the Sappi Group has grown continuously with a series of acquisitions. Today the corporate group unifies a variety of previously independent production facilities. Its IT landscape is just as complex and unique as its business. To balance the load on its operations as efficiently as possible and to optimize the value chain in South Africa, Europe, North America, and the Asia-Pacific region, the paper manufacturer uses SAP software. Along with SAP R/3 and business intelligence functionality from SAP, the company uses mySAP Supply Chain Management (mySAP SCM) and mySAP Customer Relationship Management (mySAP CRM) to support its logistics, sales, and distribution processes. SAP Advanced Planning & Optimization (SAP APO) supports the simulation of requirements and SAP Enterprise Buyer (SAP EB) serves as the basis for the group’s comprehensive purchasing portal. Electronic data interchange (EDI) and archive solutions enhance the IT environment. Overall, the SAP landscape at Sappi consists of 30 systems spread over 100 CPUs.Two separate landscapes move toward each other
Currently, the paper manufacturer’s SAP environment is split in two. One environment serves users in South Africa; another environment serves employees in Europe, North America, and the Asia-Pacific region. Until the fall of 2005, two different service providers in South Africa and Europe operated the SAP installations. But the medium-term goal at Sappi is to consolidate its SAP landscapes into one worldwide system to enable uniform business processes for its numerous locations around the world. That’s why the group looked for a service provider that could operate both landscapes from one source and ultimately merge them into a global installation.The choice was T-Systems Austria. The company made a convincing case for itself because of its flexible pricing, which enabled Sappi to forecast its costs exactly. Its service offering was also impressive. “The decisive factors included a cost-effective solution, very flexible and customer-focused service, and on-site assistance,” says Guido Lauwers, the CIO of the Sappi Group. He believes the group’s SAP installation is in good hands at T-Systems Austria. “T-Systems bends over backwards for Sappi,” says Lauwers.Even before the contract was signed in the summer of 2005, the service provider proved itself when Sappi needed to implement new software. Without any bureaucratic haggling, the T-Systems team set up the new infrastructure and installed the software – even before it had taken over operations of the SAP installation in South Africa. The SAP team at Sappi simply had to perform quality assurance, which it could accomplish over remote access.No risk for day-to-day business
One of the conditions for the transfer of the SAP landscape was keeping the existing IBM AIX system platform. Sappi did not want to accept any risk to the day-to-day operations of core SAP functionalities, such as materials management, financial accounting, and human resources or to SAP APO by migrating the operating system. Given the complex system layout, which includes a large number of interfaces and scripts, the effort needed to install a new operating system and the danger of errors were unacceptable risks.In the T-Center computer center, IBM p5 servers serve as the basis for the cluster computers and database servers of the Sappi installation. Because of its modular system nodes and dynamic portioning abilities, the architecture serves as a platform for the adaptive computing concepts of T-System customers. Sappi uses adaptive computing in a targeted manner with database services and SAP APO. For the most part, the applications run on HP Blade servers with Intel processors on Linux, which also provides resources for flexible, customer-independent adaptive computing.Because the paper manufacturer uses SAP software as a strategic platform for all its business processes – from procurement to payroll accounting – its SAP installation is one of the most functionally comprehensive in the computer center of T-Systems. The complex computer infrastructure demands good documentation and effective monitoring to avoid disruptions to operations and to correct errors quickly.Transferring data halfway around the world
The greatest challenge of the project was transferring data from group headquarters in Johannesburg, South Africa to Vienna, Austria. The transfer involved moving a terabyte of data just for the production systems; the development and test systems required were two-and-a-half times that volume. Because Sappi planned to covert the South African applications in September 2005, the migration had to be complete only eight weeks after the contract was signed. By the end of 2005, the data had to be moved to Vienna for the SAP users in Europe, North America, and the Asia-Pacific region who previously used systems operating in Schweinfurt, Germany.The project began in July 2005 with the design of the system, hardware installation, and testing. The data was placed on storage media and flown from South Africa to Vienna. It was then migrated to the new systems over one weekend. “The different approaches to work caused by cultural differences were a special challenge to our team. They were taken into account as part of the transition phase in the various regions of Europe and South Africa and played an important role in the project. Despite the perfect mastery of all technical and highly complex requirements, we ultimately focused on the human beings involved, which is true of all global projects undertaken by T-Systems,” says Larissa Gaugl, transition manager of the project.Ahead of schedule
Although the project involved 30 SAP systems halfway around the world, T-Systems Austria completed the conversion phase as planned. This successful conversion project earned the service provider third place in the International Project Management Award (IPMA) in Shanghai, China.The system landscapes for South Africa and those for Europe, North America, and the Asia-Pacific region now run in parallel on separate infrastructures in the T-Center computer center. Integration of the applications on a foundation of mySAP ERP 2005 is planned for September 2007. Sappi is also considering an upgrade to SAP NetWeaver 2004s.Today, 5,500 Sappi employees on four continents access the SAP infrastructure in the computer center in Vienna in parallel. The group has only one contact person for all questions about the operation of its corporate solutions. And Sappi has moved one step closer to meeting its goal of consolidating its SAP landscape around the world and setting up uniform business processes. As CIO Lauwers says, “After one year of operations, I can clearly say that this outsourcing project has reached its planned objectives. Sappi was able to reduce its outsourcing costs substantially and took an important step toward the realization of a single SAP system. T-Systems has proved itself to be a real partner by creatively working together with Sappi to develop solutions. Sappi has a very complex environment and tends to implement the newest tools from SAP. Although the right knowledge is not always available for the tools, T-Systems puts the necessary resources in place to implement the tools successfully.”Karl Strässler
THE WORLD IS TRANSFORMING 2017
The world is transforming and we are in the middle of the single largest transformation the world has even seen since the Industrial Revolution nearly 250 years ago. Big Data powered by Artificial Intelligence (AI) and Machine Learning is the next natural resource, like air, oil, water, and the convergence of Big Data and Cloud with AI and Machine Learning is a potential multi-trillion-dollar opportunity.
AI is transforming the way businesses are defined, designed and delivered and enterprise value is captured. The trend is accelerating as a recent research from Gartner estimates that customers will be able to manage 85 percent of the interactions with an enterprise without human intervention by 2020. In the years to come, enterprises will adopt a differentiated IT strategy by implementing AI and exploring the potential of Big Data.
TOP STRATEGIC IT INDUSTRY FORECASTS
• According to a new research by Salesforce ‘State of the Connected Customer, 57 percent of consumers expect voice-activated smart assistants to have a major or moderate impact on their daily lives by 2020.
• Gartner predicts that 30% of all companies will employ AI to augment at least one of their primary sales processes by 2020.
• According to Gartner, 20% of companies will dedicate workers to monitor and guide neural networks by 2020.
• As per McKinsey, the total annual external investment in AI was between $8B-$12B in 2016, with ML attracting nearly 60% of that investment.
• IBM Watson forecasts a $2 trillion opportunity in the ML market over the next decade.
• IDC estimates that by 2020, transactions on the internet will reach 450 billion per day and enterprise-generated content will exceed 240 exabytes i.e. 240 billion gigabytes daily.
• A survey by Veritas states that over 70 percent of enterprises has the opinion that cloud is no more ‘optional for companies to remain competitive. • According to IDC, 60 percent of ML will run on Amazon, Google, IBM, or Microsoft by 2020.
IDC predicts that the Cognitive Systems and AI market will grow from $8 Billion in 2016 to $47 Billion in 2020. Forrester predicts a 300% increase in AI investments in 2017 compared to 2016.
"We are entering a new world. The technologies of machine learning, speech recognition, and natural language understanding are reaching a nexus of capability." –Amy Stapleton, Independent Industry Analyst : Opus Research
Information and communications, Manufacturing and Financial Services are the early adopters of AI and will see the highest growth rates driven by AI in 2035. (Source – McKinsey and Accenture Research).
AI can make immediate contributions towards critical business decisions leading to increased profitability for the organizations. Some of the areas where the impact of AI can be felt almost immediately are supply chain management, forecasting, inventory optimization and production scheduling in Manufacturing, improving efficiencies by reducing the errors in repetitive, manual tasks including credit scoring and first-level customer inquiries for financial services. AI drives significant cost, time and process-related savings rapidly for all the industries. Availability of high-speed bandwidth, computing resources and growth in Big Data are the three key drivers for Artificial Intelligence and will continue to fuel AI implementation by enterprises for long term benefits.
The current AI wave is poised to finally break through
Investment in AI is growing at a high rate, but adoption in 2017 remains low
AI is a broad term that encompasses a lot of technologies with different capabilities to support decision making. One such technology is Machine Learning. Machine Learning implementation will grow as Machine Learning as a Service (MLaaS) and is estimated to grow from USD 613.4 Million in 2016 to USD 3,755.0 Million by 2021, at a CAGR of 43.7% from 2016 to 2021.
ML contributions across industries cover range of functions like customer services, sales & marketing, production challenges, data analysis and predictive analysis for decision making. The data rich organizations have a clear advantage because of MLs ability to learn and improve continuously.
Exponential Data Growth in terms of unstructured data and real-time data from IoT networks, and economics of digital storage and cloud computing are growth drivers for ML across industries. According to Gartner, 80% of enterprise data is unstructured and critical for strategic business decisions, further adding to an inevitable need for ML implementation.
IDC estimates that worldwide revenues for Big Data and Business Analytics will grow from $130 Billion in 2016 to more than $203 Billion in 2020, at a CAGR of 11.7%. Large companies will be the primary adopters of the Big Data opportunity, expected to generate revenues exceeding $154 Billion in 2020.
Big Data is making an impact across various business operations like customer sentiment analysis, hyper-personalized customer experiences, reducing churn rate of customers, understanding buying and media preference of customers, and fraud and risk management to mention a few. The major drivers for Big Data are business needs of innovation, potential for new insights and growth of data in various formats with huge potential to contribute to profitability of businesses.
As per Gartner, public cloud services market is poised to grow up from $209.2 Billion in 2016 to $246.8 Billion in 2017. Infrastructure as a service (IaaS) will continue to drive highest growth and is projected to grow 36.8 percent in 2017 to reach $34.6 Billion.
SaaS will continue to grow as second largest segment in cloud services market. Cloud services market will experience additional demand to migrate existing in-house infrastructure to the cloud because of Artificial Intelligence and Internet of Things (IoT).
THE CONVERGENCE IS REAL NOW
Data is growing faster than ever before. According to Marketing Cloud report by IBM, 90% of the data in the world today has been created in the last two years alone. Today, less than 1% of the worlds data is analysed, according to Digital Universe Study. Implementing AI technologies have the ability to harness the full potential of data.
AI and Machine Learning have been discussed for decades but the convergence of Big Data and Cloud with AI and Machine Learning is real now for three reasons:
a. Computing power: Computing resources available today are exceptional. With access to technologies like AWS, Microsoft Azure, computing power is no longer a constraint.
b. Bandwidth: Better availability of high bandwidth has positively impacted accessibility.
c. Data: Access to large volumes of unstructured and structured data is changing the information landscape at our disposal.
THE PARADIGM SHIFT
The last generation of trillion dollars were created out of traditional Indian IT technology businesses that were focused on back-end and costs. The next trillions of dollars will be created by front-end innovation driven technology companies focused on value.
AI is going to transform businesses faster than ever and the first signs of this transformation are seen in sectors like:
Energy: Advances in disruptive technologies will see potential challenges in Energy sector getting resolved. For instance, U.S. Energy Information Administration says that buildings account for 48.7 percent of overall energy consumption, more than any other industry. Powerful computation models built on Big Data and Cloud can help reduce dependency on energy, availability, costs and consumption.
Lifesciences & Pharmaceuticals: The use of transformative technologies to understand the complexities that arise from the combination of a variety of data from areas like clinical research, plants and animal genomics could reveal completely innovative approaches to treatment of diseases.
Data Infrastructure: There is a huge opportunity for Information Management in the areas like Data storage, Fraud Detection and Prevention, Compliance Reporting, Risk Management to name a few.
THE TECHNOLOGICAL DISRUPTION
AI will define industries both new ones and old leveraging Big Data, Cloud and Machine Learning to transform data into a valuable knowledge asset and a catalyst for disruption. Every human life and business in this world will be transformed with this disruption and millions of transformative businesses will be created. The result is a brave new world and a transformation of an old world.
The Opportunity - Discovering AI is the new normal
As the world transforms, businesses are going to end up with ‘haves and have-nots in the AI space. There will be businesses with resources to implement AI solutions and use AI to get to decisions, and there will be businesses standing still in the have-not space. According to a Forrester report "Predictions 2017: Artificial Intelligence Will Drive The Insights Revolution", businesses adopting AI will take revenues worth $1.2 trillion per annum from their less informed peers by 2020. Discovering the power of AI for your business will be the new normal.
Your company solves the worlds complex and most interesting business challenges with AI, transforming organizations into "AI-first" leaders by enabling its customers to create AI solutions that transform their businesses and industries. Your companys products and services address all the transformational AI needs of an organization — from strategic workshops and ready-to-deploy solutions, to implementation of transformative business solutions through its AI as a Service (AIaaS) leveraging Big Data, Cloud & Machine Learning experience.
Businesses need a lot of elements to implement AI. They need an element of Big Data and Cloud which is provided by Cambridge Bigdata where your company serves enterprise clients, then they need the elements of Cambridge Bizserve that allows to manage data, then they need elements of innovation offered by Cambridge Innovations that help businesses leapfrog and most importantly, draw insights to take the decisions, offered by Cambridge DataScience. Your companys offerings fit together because of its understanding towards the entire lifecycle of a business.
Building the Foundation
In 2015, your company envisaged a two-year business plan for 2015-16 and 2016-17 to focus on three areas – building partnerships, acquiring referenceable clients in its chosen verticals and acquiring relevant expertise in technologies. In 2016-17, your company achieved the revenues of INR 100 crores while serving marquee enterprise clients like Schneider Electric, Hills Pet Nutrition and Iron Mountain. In the last two years, your company has put together the foundation that allows it to be better prepared to take advantage of the market opportunity.
Through its partner network, your company gains access to the best technology framework and solutions, strengthening its delivery capabilities.
Amazon Web Services: Your company has developed deep relationship with AWS spanning all disciplines in the organization and has invested consistently in the AWS technology stack. Your company has successfully delivered several projects on AWSs technology, including; Redshift, SaaS applications, Dev/Test and QA environments, Architecture Design and Implementation, BI/BA, S3, Glacier and more. Your company is committed to continue building its AWS relationship and leveraging technology for the benefit of its customers. In 2017, your company has further strengthened its relationship with AWS by achieving Big Data Competency Status, Oracle Enterprise Applications Competency Status, DevOps Competency Status and Managed Service Provider Status.
Atlassian: As an Atlassian Solution Partner, your company will be consulting, implementing and delivering solutions to customers, enabling them to unleash their teams potential. By leveraging products like by JIRA Software, JIRA Service Desk, JIRA Core, Status Page, Confluence, Trello and HipChat, customers are able to quickly collaborate on various issues and experience better project transparency.
Apica: Apica is a leading provider of monitoring and load testing software. Your companys partnership with Apica will assist its customers to determine maximum capacity limits, monitor daily performance, establish performance benchmarks, reduce business risks and optimize infrastructure investments, resulting in lower bounce rates and higher revenues.
CA Technologies: Your company has joined CA Technologies partner program to leverage their broad array of leading edge solutions. Partnering with CA gives its customers access to technology and technology experts that expands and accelerates their technology adoption cycle personalized for their specific needs.
ForgeRock: Your company has joined ForgeRocks partner program to leverage ForgeRocks identity solutions.The partnership provides both existing and new customers with an added array of application migration, development and managed services offerings coupled with ForgeRocks Access Management, Identity Management, Identity Gateway and Directory Services. This will help customers that are looking for end-to-end solutions to take advantage of our full suite of offerings.
Microsoft Azure: Your company provides Microsoft Azure deployment and migration services to help clients reduce cost and rapidly build, deploy and manage applications across a global network of Microsoft-managed data centers. Your company specializes in Cloud Assessment, Cloud Roadmap & Strategy, Cloud Migration and Consulting, Analytics, Big Data on Cloud and IoT.
New Relic: Your company joined the New Relics partner program in 2014 and has been using New Relic technology since 2013. By incorporating New Relics solutions, your company benefits from an increased top line and critical product differentiation. Your company includes New Relics functionality in its offerings to provide monitoring capabilities to a large percentage of its customer base. Oracle Gold Partner: Your company has obtained Gold Partner status with Oracle making it eligible to develop, sell and implement the full stack of Oracle products and solutions.
Pentaho: Your company has partnered with Pentaho which allows it to apply Pentahos business intelligence offerings to meet its customers need for powerful business analytics and data integration. Pentaho, a Hitachi Group company, is a leading data integration and business analytics company with an enterprise-class, open source-based platform for diverse big data deployments.
Rackspace: Your company has joined the Rackspace Partner Network to provide its customers with a portfolio of Hybrid Cloud solutions. Rackspace is a leading provider of hybrid clouds, which enable businesses to run their workloads where they run most effectively – whether on the public cloud, a private cloud, dedicated servers, or a combination of these platforms.
Tableau: Your company has obtained the status of Preferred Alliance Partner with Tableau making it eligible to integrate Tableaus software into its Cloud and Big Data solutions that it deploys to help clients unlock the power of data. The partnership will combine the global talent pool and client reach of your company with Tableaus breakthrough analytics technology.
Focused on verticals: Your company has added a referenceable client in each of its verticals - Energy and Utilities, Life Sciences & Pharmaceuticals, Industrials, BFSI and Data Infrastructure.
Certified Workforce: Your company is one of the few organizations in the world with 100 percent AWS certified Cloud Operations Center with the ability to provide 24/7 management of Public, Hybrid and Private cloud architectures.
Certifications and Accreditations: Your company is appraised at the Level 5 of the CMMI Institutes Capability Maturity Model Integration (CMMI) v1.3 for its services. This indicates that CTE is operating on highly "Optimized" processes. There are only~30 companies appraised at this level for services in India.Your company is also certified withISO 9001:2008, ISO 27001:2005 which affirms that your company is highly committed to business solutions and processes it follows in serving its clients.
Global Presence: In line with providing its global clients access to 24/7 development cycle, your company reinforced its U.S. presence and expanded its offshore delivery centers in India.
Your company is pleased to announce its Vision 2020. For our Vision 2020, your company will focus on the following: a. Organic Growth: Over the next three years, on an average, your company expects an annual revenue of $10M approximately from each of its four growth drivers i.e. Cambridge Bigdata, Cambridge Bizserve, Cambridge DataScience and Cambridge Innovations. b. Upside from equity: Your company believes it will take 3-5 years to generate liquidity from its investments.
c. Inorganic Growth: Your company has the potential to explore inorganic growth opportunities.
Your company expects that the above three revenue streams will yield results in the next three years to hopefully achieve $50M revenues with focus on profitability.
Your company gives organizations unparalleled access to cutting-edge technology by bringing together the best-in-industry using its years of expertise in building solutions for some of the worlds largest and most innovative enterprises. Your companys expertise across multiple domains makes it the preferred choice for organizations seeking an AI Partner to innovate and leapfrog the market.
THREATS, RISKS & CONCERNS
The potential threats and risks are usually aligned either to change in the external environment such as changes in the technology/customer preferences/business dynamics or finding the right talent and retaining them. Your company is well positioned to minimize the potential identified threats and risks, and the way it does is detailed below:
Changing Technological Trends
With the moving pace of technology and the way these variables change with time, it becomes imperative for the service provider to keep up with the pace and adopt the learning curve. We constantly endeavor to stay ahead of the technology curve by building capabilities to meet the current and future needs of our customers.
At CTE, all employees undergo relevant set of trainings imperative to serve the existing and future business needs. This helps greatly minimize the risk of change of technology.
Attracting and Retaining Talent
Finding the right kind of talent and retaining them could pose a challenge for any business like ours. The dynamic nature of technology, increasing demand from clients, etc., warrants the company to focus on finding the right kind of talent and their retention for its existence and delivering sustainable growth. Hiring the best of the breed talent forms the core belief at CTE.
Exchange rate risk
A substantial part of the CTEs revenues accrues in US dollars, therefore inevitably exposed to fluctuations in exchange rates of foreign currency. Any major change in foreign currency exchange rates will have an impact on the companys earnings.
The IT Services industry is intensely competitive with local and MNC players having a sizable presence. Competitive pressure could adversely affect pricing strategy for services impacting growth and profitability. Over the years, CTE has developed deep domain knowledge and delivery capabilities with skilled workforce which has made the organization to remain competitive.
CONSOLIDATED FINANCIAL HIGHLIGHTS
Snapshot (In INR Lakhs)Revenue 10060.36 6582.49 53% Total Expenditure 7854.94 5439.60 EBIDTA 2205.42 1142.89 93% Tax Expense / (Tax Benefit) 376.17 (251.21) Net Profit 1688.30 905.69 86% Fixed Assets 860.96 1900.45 Reserves & Surplus 2569.02 1915.82 34%
Revenue increased by 53% to INR 10060.36 Lakhs for the year ended 31st March, 2017 as compared to INR 6582.49 Lakhs for the same period last year. b. Net Profit & Reserves and Surplus
Net Profit increased by 86% to INR 1688.30 Lakhs for the year ended 31st March, 2017 as compared to INR 905.69 Lakhs for the same period last year. As a result of increase in the consolidated profit, Reserves and Surplus have increased from INR 1915.82 Lakhs in FY 2015-16 to INR 2569.02 Lakhs in FY 2016-17. Accumulated losses and unamortised goodwill as on March 31, 2016 have been adjusted against balance of Securities Premium Account. c. Fixed Assets
Net fixed assets stood at INR 860.96 Lakhs as on 31st March, 2017 compared to INR 1900.45 Lakhs as on 31st March, 2016. d. EBIDTA
The EBITDA increased by 93% at INR 2205.42 Lakhs for the year ended 31st March, 2017 as compared to INR 1142.89 Lakhs for the same period last year. e. Expenditure
Total Expenditure increased to INR 7854.94 Lakhs for the year ended 31st March, 2017 as compared to INR 5439.60 Lakhs for the same period last year. Out of the above, Employee cost stood at INR 4186.42 Lakhs in FY 2016-17 as compared to INR 3407.25 Lakhs for the same period last year.
STANDALONE FINANCIAL HIGHLIGHTS
Snapshot (In INR Lakhs)Year 2016 – 17 2015 – 16 Growth Revenue 3865.55 2945.33 31% Total Expenditure 3396.21 2463.16 EBIDTA 469.34 482.17 -3% Tax Expense / (Tax Benefit) 269.86 (245.77) Net Profit 424.36 558.50 -24% Fixed Assets 118.86 836.19 Reserves & Surplus 756.43 1309.20 -42%
Revenue increased by 31% to INR 3865.55 Lakhs for the year ended 31st March, 2017 as compared to INR 2945.33 Lakhs for the same period last year. b. Net Profit & Reserves and Surplus
Net Profit decreased by 24% to INR 424.36 Lakhs for the year ended 31st March, 2017 as compared to INR 558.50 Lakhs for the same period last year. As a result of decrease in profits, and due to adjustment of accumulated losses and unamortised goodwill as on March 31, 2016 against balance of Securities Premium Account, Reserves and Surplus have decreased from INR 1309.20 Lakhs in FY 2015-16 to INR 756.43 Lakhs in FY 2016-17. c. Fixed Assets
Net fixed assets stood at INR 118.86 Lakhs as on 31st March, 2017 compared to INR 836.19 Lakhs as on 31st March, 2016. d. EBIDTA
The EBITDA decreased by 3% at INR 469.34 Lakhs for the year ended 31st March, 2017 as compared to INR 482.17 Lakhs for the same period last year.
Total Expenditure increased to INR 3396.21 Lakhs for the year ended 31st March, 2017 as compared to INR 2463.16 Lakhs for the same period last year. Out of the above, Employee cost stood at INR 2063.19 Lakhs in FY 2016-17 as compared to INR 1613.70 Lakhs for the same period last year. The details of the financial performance of your company are appearing in the Balance Sheet, Profit & Loss Account and other financial statements forming part of this Annual report.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY
Your companys board and management team monitor and make enhancements to your companys systems for internal control and risk management on an ongoing basis. Your companys efforts towards this go beyond what is mandatorily required, with active monitoring and review to ensure adequacy of control systems and to identify potential risks as well as recommend or implement measures to mitigate them.
Your Company has a proper and adequate system of internal control to ensure that all assets are safeguarded and protected against loss from unauthorized use or disposition and that the transactions are authorized, reported and recorded correctly. Your companys internal control system is adequate considering the nature, size and complexity of its business. Your companys internal control systems provide, among other things, reasonable assurance of recording the transactions of its operations in all material respects and of providing protection against significant misuse or loss of company assets. These also enable your company to adhere to procedures, guidelines, and regulations as applicable in a transparent manner.
Your companys internal control systems are supplemented by an internal audit program and periodic reviews by the management. Your company has appointed an independent audit firm as its Internal Auditors and the Audit observations are periodically reviewed by the Audit Committee of the Board of Directors and necessary directions are issued, wherever required.The existing internal control systems and their adequacy have been reviewed extensively during the year by internal auditors and statutory auditors. They have expressed an opinion that the internal control system is adequate and functioning effectively.
HUMAN RESOURCES / INDUSTRIAL RELATIONS
Your company is committed to create an environment of learning and development, promote internal talent and build an appreciating culture. Your Company has created platforms for recognizing and motivating employees for the good work they do in the organization. Sound human resource development policies of your Company ensures that each employee grows as an individual and contributes to the performance of your Company. It also works towards building a work culture aimed at achieving higher performance orientation.
Our employees are our most important and valuable assets. All your Companys policies are focused towards a healthy, happy and prosperous work environment for its employees and thereby also fulfill the aspirations of the people at work. Your Company along with its subsidiaries ended the year with a headcount of 317. The key elements that define our culture include professional working environment, training and development, and compensation.
Certain statements in this report or elsewhere in the Annual Report may contain statements concerning Cambridge Technology Enterprises Limited and its growth prospects, expected financial position, business strategy, future development of the companys operations, general economy, industry structure and other developments that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of actual results, future performance or achievements and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, changes in government policies or regulations of India, changes relating to the administration of the company, the companys ability to successfully implement its strategy, the Companys future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Companys market preferences and its exposure to market risks, as well as other risks. The Companys actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this report. The Company assumes no obligation to update any forward-looking information contained in this report.
5824By CIOReview | Friday, April 3, 2015
KIRKLAND, WA: Acumatica, cloud ERP solution provider, has been made available on Amazon Web Services (AWS) as an AWS Test Drive. With this drive initiative, businesses can now sample solutions from the fast-growing software provider at no cost.
“With AWS Test Drive, customers can easily try Acumatica Cloud ERP and see first-hand the capabilities of ERP and CRM suites,” says Ajoy Krishnamoorthy, General Manager of the Acumatica Cloud xRP Division.
Acumatica Cloud ERP, which recently released its latest version Acumatica 5.0, is a collection of powerful business management tools built atop an adaptable underlying platform. The suite’s subscription basis allows access for unlimited users, making it ideal for small and mid-sized businesses aiming for rapid expansion. It also boasts mobile support for continuous access to real-time business data.
AWS Test Drive provides users a sandbox environment to try versions of software before purchasing a full package. The accessibility of these demos helps business owners determine a program’s fit and make more informed decisions when choosing a solution. More than a software demo, users can access the full-featured functionalities of the Acumatica product.
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