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Technology Innovation and Trends for Fortune 500 companies

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Technology innovation and trends for Fortune 500 companies by Derris Boomer of BoomerTechnologyGroup.com. This was presented to PennState for their Startup Week Program 2018.

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Technology Innovation and Trends for Fortune 500 companies

  1. 1. TECHNOLOGY INNOVATION & TRENDS FOR FORTUNE 500 COMPANIES BY DERRIS BOOMER BOOMER TECHNOLOGY GROUP
  2. 2. AGENDA • TECH CAREER FLOW CHART • 10 PILLARS OF SUCCESS • 10 TECH COMMANDMENTS • TECH HISTORY • ERP • 6 TRENDS TO WATCH • Q&A
  3. 3. TECH CAREER FLOW CHART J.D.Phd Graduate Under Grad Executive Management Certified IndustryDepartment Software or Hardware or Process Retirement
  4. 4. 10 PILLARS OF SUCCESS • BECOME AN EXPERT IN YOUR FIELD (SME) • KNOW YOUR VALUE IN OPEN MARKET & HOW TO NEGOTIATE • ALWAYS BE A STUDENT • BE PREPARED TO CHANGEADJUST TO THE MARKET • SPREAD THE WEALTH TO OTHERS (KNOWLEDGE, TIME, MONEY) • SET GOALS AND EXPECTATIONS • MAKE A PLAN, EXECUTE, REVIEW, ADJUST, REPEAT • FAIL FAST AND FURIOUS • NEW OPPORTUNITIES; WHAT WILL YOU LEARN, WHO WILL YOU MEET, ETC • MAKE YOUR PRESENCE KNOWN
  5. 5. 10 TECH COMMANDMENTS • TECH WILL INNOVATE • TECH WILL AUTOMATE • TECH WILL IMPROVE PROCESSES • TECH WILL REMOVE INEFFICIENCIES • TECH WILL MAXIMIZE ROI • TECH WILL GIVE ME BACK TIME • TECH WILL CREATE JOBS • TECH WILL BUILD NATIONS • TECH WILL IMPROVE THE PLANET • TECH WILL IMPROVE PEOPLES LIVES
  6. 6. Enterprise resource planning (ERP) is a process by which a company (often a manufacturer) manages and integrates the important parts of its business. An ERP management information system integrates areas such as planning, purchasing, inventory, sales, marketing, finance and human resources.
  7. 7. HISTORY OF ERP • 1972 SAP • 1975 LAWSON • 1975 MICROSOFT • 1977 JD EDWARDS • 1977 KRONOS • 1978 BAAN • 1979 ORACLE • 1987 PEOPLESOFT • 2002 INFO • 2005 WORKDAY 2003-2005 Industry consolidation occurs: • Oracle – E-Business Suite, JD Edwards, PeopleSoft, and Seibel • Microsoft – Navision, Axapta, Great Plains, and Solomon • Infor – Baan, Mapics, and a slew of other products • Sage – Best Software is acquired
  8. 8. CURRENT TRENDS • Artificial Intelligence (AI): . AI systems will typically demonstrate at least some of the following behaviors associated with human intelligence: planning, learning, reasoning, problem solving, knowledge • Internet of Things (IoT) and Smart Devices: The Internet of Things refers to the ever-growing network of physical objects that feature an IP address for internet connectivity, and the communication that occurs between these objects and other Internet-enabled devices and systems • Block Chain & Digital Currency: Blockchain is essentially an irrefutable and distributed database of records or public ledger of all transactions or digital events that have been executed and shared among participating parties. Digital currency is virtual and allows peer-to-peer transactions with little or no middlemen.
  9. 9. CURRENT TRENDS • Cloud ERP and SaaS to gain higher market share: Cloud based ERP will continue to gain velocity in the coming year, in both private as well as public sectors. Lured by lower costs and better speed, last 5 years saw an increasing number of users adopting cloud based-solutions. • Social media: With the ongoing hype around social media integration with ERP, modern day vendors have promptly capitalized on this initiative, by including social media integrations in their ERP systems. Increased rise of social collaboration tools in ERP systems. • Big Data: The accumulation and accessibility of data – from social media content to purchasing history – will drive the development of machine learning in business development software. Biz dev professionals will leverage analyses generated by artificial intelligence to make better-informed strategic decisions
  10. 10. CAREER OPPORTUNITIES • COMPANIES NEED TRAINED STAFF TO SUPPORT & IMPLEMENT SOLUTIONS • THE AVERAGE ERP IMPLEMENTATION TAKES 23+ MONTHS. GREAT MONEY EARNING POTENTIAL FOR CONSULTANTS. • COSTS TO IMPLEMENT ERP ARE HIGH. (EX. SOFTWARE COSTS = $2M+ SERVICES = $6-8M+). SOFTWARE LICENSE FEES MAINTENANCE FEES HARDWARE IMPLEMENTATION SERVICES
  11. 11. TRAINING COSTS • ERP COMPANIES ARE USUALLY SELECTIVE ABOUT “AUTHORIZED TRAINING SCHOOLS”. • CLASSES AND CERTIFICATIONS ARE FOCUSED ON SPECIALIZATIONS BY CATEGORY AND/OR MODULE • Instructor Led = $1K-$5K per class • E-Learning = $1K-$2K per class • Certifications = $3K-$15K
  12. 12. JOB COMPARISONS • NETWORK ADMINISTRATOR (NYC) $60K • SOFTWARE TRAINER (NYC) $45K • PROGRAMMER (NYC) $72K • PROJECT MANAGER (NYC) $92K • ERP Administrator (NYC) $72K • ERP Trainer (NYC) $62K • ERP Programmer (NYC) $85K • ERP Project Manager (NYC) $97K
  13. 13. CONTACT INFORMATION DERRIS BOOMER BOOMER TECHNOLOGY GROUP, LLC. DERRISBOOMER@BOOMERTECHNOLOGYGROUP.COM 732-800-2058 WWW.BOOMERTECHNOLOGYGROUP.COM

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