- The document discusses how senior business and technology executives can leverage business process management (BPM) and service-oriented architecture (SOA) technologies to gain a competitive advantage.
- It recommends starting small by converting critical applications to a BPM/SOA model before building enterprise-wide initiatives. Focus on changing mindsets as well as technology to rapidly execute ideas.
- Consider technology changes as a key factor in strategic planning. BPM and SOA can make enterprise architectures more flexible and adaptable to help organizations stay ahead of competitors and survive disruptive innovations.
This white paper discusses how human capital (i.e. a company's employees) can serve as a "force multiplier" for other elements of an organization like processes and technology. It argues that people should be considered the most important element of the "people, process, technology" framework that is commonly used. When employees are properly recruited, trained, engaged and supported by sound processes and enabling technology, they can amplify returns on investments in those other areas. The paper provides various examples and research findings that show the financial and performance benefits that companies gain when they make human capital development a top priority.
Relevant it – it solutions to bridge the gap between business and it it man...IT-Toolkits.org
Much has been said and written about the existence of a so-called “Business-IT divide”. But what is it, what does it mean for my company and even more important, what can I do about it?
Most small and medium business leaders and IT players (be they internal to the company or external service providers) have given up on answering that question. They often feel that it is impossible to gain real business value from IT and that it is just in the domain of large enterprises to attempt tackling that issue. Rome was not built in a day and there are no silver bullets for instantly bridging the business-IT divide and offering truly effective IT solutions. After all, if it was easy, it would already have been done and this entire subject would be moot! The Relevant IT framework helps to map out a journey to assist businesses to tackle the issue one step at a time.
This document discusses how IT departments need two modes, traditional and innovative, to keep up with digital transformation. The traditional mode focuses on maintaining legacy systems through optimized processes and service level agreements. The innovative mode uses agile principles for unpredictable but quick development of new technologies and solutions. This "bimodal IT" approach allows companies to both maintain existing systems while innovating at the pace of market trends through separate but collaborative teams. The document also outlines how digitization increases demands on IT in areas like customer experience, delivery speed and security. Managing both modes effectively requires the right oversight to balance reliability and disruption.
Automation vs sourcing a strategic framework Neo Group Inc
As automation gains more traction in the market what does that mean for the traditional sourcing? What would lead a company to place its bets on automation?
Time to join the revolution: Agile change in financial servicesAccenture Insurance
Agile change has always been a priority for financial services organizations. However, in today’s rapidly evolving digital world, it is now clear that they must make it a critical capability to survive and thrive. Applying agile end-to-end business change increases the speed to benefit, and impacts every aspect of a business from customers and employees to organization and processes. Making change their core competence will help FS firms find new ways of serving customers and creating value. This report spells out what is needed to succeed with agile, and proposes five culture-related steps FS firms can take to improve their organization agility
Workshop ISPIM 2020 - Massive Collective Intelligence: how will the Covid19 c...bluenove
The presentation by Martin DUVAL (Co-Founder at Bluenove) about HOW MASSIVE COLLECTIVE INTELLIGENCE IS TRANSFORMING INNOVATION MANAGEMENT during a workshop at the ISPIM online conference on June 9th, 2020.
The agenda was:
1) Why massive collective intelligence mobilization is a key lever that innovation managers should activate and lead
2) What different timings and types of operational and strategic plans could be addressed
3) What methodologies and digital technologies should be used
4) What key success factors to consider
5) How this may change the new role of innovation management in the long term
This document provides a guide for planning a CRM project with the goal of helping companies develop comprehensive customer relationship management strategies and solutions. It outlines key steps for planning a CRM project including conducting a current and desired state analysis to identify goals and objectives, selecting appropriate people, establishing a timeline, and taking a technical inventory. The guide emphasizes involving users, prioritizing needs, and taking a phased implementation approach to avoid overwhelming the organization with changes. Overall, the planning process aims to set organizations up for a successful CRM project and realization of expected benefits.
C Level Application Conference (Objective review of Vendors)Mark Belec
This two-day conference focused on helping senior leasing industry professionals combat margin compression through technology and business process optimization. Attendees would learn how applications can help control costs, make better decisions, and comply with regulations. Speakers from lessors, software companies, and consulting firms would discuss trends in leasing IT strategies, assessing inefficiencies, functionality demonstrations, and managing successful implementations. The conference aimed to provide insights into using existing tools and applications to manage risk and maintain a competitive advantage.
This white paper discusses how human capital (i.e. a company's employees) can serve as a "force multiplier" for other elements of an organization like processes and technology. It argues that people should be considered the most important element of the "people, process, technology" framework that is commonly used. When employees are properly recruited, trained, engaged and supported by sound processes and enabling technology, they can amplify returns on investments in those other areas. The paper provides various examples and research findings that show the financial and performance benefits that companies gain when they make human capital development a top priority.
Relevant it – it solutions to bridge the gap between business and it it man...IT-Toolkits.org
Much has been said and written about the existence of a so-called “Business-IT divide”. But what is it, what does it mean for my company and even more important, what can I do about it?
Most small and medium business leaders and IT players (be they internal to the company or external service providers) have given up on answering that question. They often feel that it is impossible to gain real business value from IT and that it is just in the domain of large enterprises to attempt tackling that issue. Rome was not built in a day and there are no silver bullets for instantly bridging the business-IT divide and offering truly effective IT solutions. After all, if it was easy, it would already have been done and this entire subject would be moot! The Relevant IT framework helps to map out a journey to assist businesses to tackle the issue one step at a time.
This document discusses how IT departments need two modes, traditional and innovative, to keep up with digital transformation. The traditional mode focuses on maintaining legacy systems through optimized processes and service level agreements. The innovative mode uses agile principles for unpredictable but quick development of new technologies and solutions. This "bimodal IT" approach allows companies to both maintain existing systems while innovating at the pace of market trends through separate but collaborative teams. The document also outlines how digitization increases demands on IT in areas like customer experience, delivery speed and security. Managing both modes effectively requires the right oversight to balance reliability and disruption.
Automation vs sourcing a strategic framework Neo Group Inc
As automation gains more traction in the market what does that mean for the traditional sourcing? What would lead a company to place its bets on automation?
Time to join the revolution: Agile change in financial servicesAccenture Insurance
Agile change has always been a priority for financial services organizations. However, in today’s rapidly evolving digital world, it is now clear that they must make it a critical capability to survive and thrive. Applying agile end-to-end business change increases the speed to benefit, and impacts every aspect of a business from customers and employees to organization and processes. Making change their core competence will help FS firms find new ways of serving customers and creating value. This report spells out what is needed to succeed with agile, and proposes five culture-related steps FS firms can take to improve their organization agility
Workshop ISPIM 2020 - Massive Collective Intelligence: how will the Covid19 c...bluenove
The presentation by Martin DUVAL (Co-Founder at Bluenove) about HOW MASSIVE COLLECTIVE INTELLIGENCE IS TRANSFORMING INNOVATION MANAGEMENT during a workshop at the ISPIM online conference on June 9th, 2020.
The agenda was:
1) Why massive collective intelligence mobilization is a key lever that innovation managers should activate and lead
2) What different timings and types of operational and strategic plans could be addressed
3) What methodologies and digital technologies should be used
4) What key success factors to consider
5) How this may change the new role of innovation management in the long term
This document provides a guide for planning a CRM project with the goal of helping companies develop comprehensive customer relationship management strategies and solutions. It outlines key steps for planning a CRM project including conducting a current and desired state analysis to identify goals and objectives, selecting appropriate people, establishing a timeline, and taking a technical inventory. The guide emphasizes involving users, prioritizing needs, and taking a phased implementation approach to avoid overwhelming the organization with changes. Overall, the planning process aims to set organizations up for a successful CRM project and realization of expected benefits.
C Level Application Conference (Objective review of Vendors)Mark Belec
This two-day conference focused on helping senior leasing industry professionals combat margin compression through technology and business process optimization. Attendees would learn how applications can help control costs, make better decisions, and comply with regulations. Speakers from lessors, software companies, and consulting firms would discuss trends in leasing IT strategies, assessing inefficiencies, functionality demonstrations, and managing successful implementations. The conference aimed to provide insights into using existing tools and applications to manage risk and maintain a competitive advantage.
If you want to make robotic process automation part of your operations, the first thing you need to ask yourself is what you want to use it for. That, effectively, is the key message to
practitioners, from anyone who has real experience with RPA solutions.
Creating Optimized Business Relationships - Article #1Lawrence Dillon
This document summarizes an article about creating optimized business relationships between IT departments and business units. It discusses how business units currently drive isolated technology development, leading to redundant systems. The document advocates for a partnered approach where shared business processes across units leverage single, standardized technology components maintained centrally. Business units could then customize components for unique needs. This balances centralized efficiencies with flexibility for individual units.
There are few constants in this world, but the way in which we do business is not one of them. Instead, companies must actively adapt to change within the marketplace. As the international landscape continues to grow smaller due to advances in technology, businesses are realizing the importance of operating on a global scale. As with any equally ambitious venture, although there is great potential for a strong return on investment (ROI), moving to a global model – or even strengthening one’s current global infrastructure – comes with a unique set of challenges. Among the most prevalent are the needs to operate around-the-clock, extend influence within emerging markets and implement a global vision throughout the enterprise.
View the original Blog post: http://www.eprentise.com/blog/the-changing-enterprise/preparing-for-tomorrows-market/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
- A survey of over 400 professional services firm leaders found that the majority see technology, especially cloud-based solutions, as important for firm management initiatives and future readiness.
- 51% of surveyed firms believe cloud-based solutions are part of their future strategy due to benefits like ease of access, technology best practices, disaster recovery, and scalable processes and workflow.
- Early adopters of cloud-based solutions like CCH Axcess report benefits including new efficiencies, streamlined processes, and improved communication and client interaction.
- The document discusses a report by Harvard Business Review Analytic Services on how IT-enabled innovation is transforming businesses and the role of the CIO.
- It finds that about a third of surveyed companies are "Innovation Accelerators" that pursue technology-driven business innovation throughout the organization.
- Innovation Accelerators are more likely to see significant changes to how they engage with customers, their business models, products/services, and employee processes over the next three years compared to other companies.
This document introduces Technology Business Management (TBM) as a decision-making framework that relies on financial and operational data, service delivery processes, and business partner relationships. TBM aims to optimize costs so more can be invested in growth and agility. The chapter introduces the components of the TBM framework and includes a diagnostic survey to assess the reader's organization. Signing in with LinkedIn provides access to compare results with other organizations in the TBM Index.
The document discusses trends in outsourcing for 2019. It notes that companies will need to change their outsourcing strategies to adapt to disruptive technologies. Disruptive outsourcing, cloud computing, and robotic process automation are highlighted as trends that will impact outsourcing. The document also provides methodologies for selecting outsourcing suppliers and evaluating potential outsourcing opportunities. Specific outsourcing areas like network operations and maintenance are examined in terms of functions that may be outsourced.
The document discusses how financial services firms can adapt to a customer-centric world undergoing digital transformation. It outlines several key components for a successful digital transformation strategy, including commitment from top leadership, developing a large-scale customer-led vision, adopting the right organizational structure, building a team of diverse digital leaders, developing a compelling talent strategy, and aligning company culture around innovation. The overall goal is for financial institutions to attract and retain top digital talent that can help reinvent customer experience and compete against new digital disruptors.
This document discusses ideas for improving corporate reporting to better meet stakeholder needs. It proposes:
1) Less frequent but more comprehensive reporting (annual/biannual instead of quarterly), focused on long-term value creation metrics in addition to past financial performance.
2) Releasing key performance indicators monthly through social media to provide timely updates between comprehensive reports.
3) A modern disclosure schedule including monthly indicators, biannual reports, annual comprehensive reports, and five-year perspectives on vision and strategy.
4) Integrated reporting comes closest to existing frameworks in emphasizing long-term value creation, but does not fully address issues like standardization and technology that could further modernize reporting.
The New Voice of the CIO: Travel, Transportation and the CIO RoleIBMTransportation
The document summarizes a study of Chief Information Officers (CIOs) in the travel and transportation industry. It finds that successful CIOs balance three pairs of roles:
1) Insightful Visionary and Able Pragmatist - Focusing on innovation while also enabling current operations.
2) Savvy Value Creator and Relentless Cost Cutter - Creating business value from IT while also reducing costs.
3) Collaborative Business Leader and Inspiring IT Manager - Partnering with business leaders and also managing IT operations.
CIOs in the travel industry face pressures from economic challenges but high-growth companies see their CIOs playing bigger strategic roles and collaborating more
McK - 'Transformer in chief'- The new chief digital officerSotiris Syrmakezis
The document discusses the changing role of the chief digital officer (CDO). The CDO role is no longer focused on basic digital capabilities, but is now responsible for comprehensive digital transformations across a company. Today's CDO must coordinate changes to how a company works and develop new business lines quickly. The document outlines five key skills needed for CDOs to drive successful digital transformations: 1) integrating digital into all aspects of business strategy; 2) obsessively focusing on customers; 3) building agility, speed and data usage; 4) extending networks outside the company; and 5) developing digital talent.
The document summarizes six key trends in outsourcing:
1. It's no longer primarily about cost savings but also competitive agility, scalability, and innovation.
2. Nearshoring is becoming more prevalent as outsourcing moves into more strategic activities.
3. Outsourcing is increasingly applied by specific functions like HR, finance, and accounting.
4. Outsourcing is expanding among mid-sized companies who may benefit more from outsourcing than larger firms.
5. Outsourcers and clients are in direct competition for specialized talent as outsourced work moves to more strategic functions.
6. Structures and processes in outsourcing are becoming more formalized through professional
The document discusses the growing role of Chief Digital Officers (CDOs) in companies. It outlines some of the key responsibilities of CDOs, which include developing a company's digital strategy, integrating digital initiatives across business units, and educating other executives about digital opportunities. The document also provides examples of prominent companies that have hired CDOs, such as Starbucks, CVS, and Renault, and discusses some of the digital projects these CDOs have led. It predicts that the number of CDO positions will continue increasing globally as more companies recognize the importance of digital strategies.
Making Demand Generation Work in the Technology IndustryLedger Bennett DGA
How well do you understand your tech buyers? When do you know they are ready to buy? More significantly where can you find them? Our guide to Making Demand Generation Work in the Technology Industry has been designed and customised significantly to answer the questions that are important to you. Discover the latest insights and analysis on the biggest issues impeding your revenue streams and identify the key players you need to know to get in on the action.
The document discusses frameworks for innovation management in organizations. It outlines elements of an innovation agenda that define an organization's innovation strategy, including lifecycle stage, mix of innovation types, and value proposition. It also describes innovation management and governance elements like portfolio management, project management, and incentives. Innovation enablers that support execution include talent, culture, collaboration, tools/frameworks, and infrastructure. Finally, it discusses customizing the innovation approach based on an organization's existing culture and innovation archetype.
This document discusses the challenges that executives face in ensuring technology investments provide business value and priorities strategic initiatives. It notes that 80% of IT spending typically goes to maintaining existing systems, leaving little for new projects. Executives need visibility into spending and activities to evaluate returns and improve results. The document provides tips for executives, including following spending to understand value creation, setting clear strategies, creating accountable project teams, focusing on priorities, and excelling at execution.
The human capital management market is in a constant state of flux. Not only are there new entrants all the time, but changes in the HR function and shifting expectations make it harder to simply be reactive. HR buyers now demand that HCM providers become proactive, and solutions have to reflect that new normal.
Brandon Hall Group and The Starr Conspiracy have teamed up to deliver key insights into this evolving market.
Download the paper today to get insight into all of the trends you need to know about to stay competitive in this ever-changing market.
http://campaigns.thestarrconspiracy.com/state-of-hcm/
The 7-step process outlined in the document provides a method for organizations to implement business architecture. The steps include:
1. Creating buy-in and understanding business objectives and culture.
2. Capturing existing business information and using a framework to classify and store it centrally.
3. Connecting different business units and functions by linking related information to improve alignment.
4. Enabling collaboration by making information accessible and usable for employees.
5. Coordinating processes, people and technology to better serve customers.
6. Leveraging the centralized information for governance, risk and compliance activities to reduce costs.
7. Using the business architecture to enable smarter decision making and compete
We’ve worked with Executives and IT leaders for over 30 years, and the single most common complaint we hear from them is their profound frustration with the lack of results and transparency from their never-ending IT investments.
To add further complexity, the demand for digital products and services has made it increasingly difficult for organizations to make ongoing investments and balance the need for innovation with optimization.
The latest data, combined from global enterprises, big consulting and research firms, makes the case that companies need to urgently act to address the digital disruption of their business and their related skills gaps. The data shows that 70% of digital business initiatives are likely to fail to deliver business growth, due to lack of business process and product innovation, as well as poor organizational adaptability.
Poor governance and legacy product management processes to align business and IT initiatives, coupled with insufficient leadership engagement across the organization, are the main reason most companies are wasting money on IT.
This thought paper speaks to these challenges and how optimizing both technology innovation and cross-organizational engagement will accelerate the positive business outcomes that organizations are looking to achieve especially in lieu of increasing digital disruption.
Authors - Alex Adamopoulos and Bob Kantor
The document discusses how robots and artificial intelligence are changing the skill sets needed for finance transformation projects. It notes that routine tasks are being automated, increasing the need for skills like data analysis, project management, and strong interpersonal skills. To succeed, organizations must have the right mix of seniority, experience, and skills mapped to their specific project needs. Maintaining the right grade mix over time, as tasks change, is important for delivering projects and long-term services effectively.
Software Engineering: Designing a Better Experience for Communications, Media...Cognizant
Software makes the world go ‘round, from hyperefficient business operations to users wowed by the newest app interface and digital products. For CMT companies, software development innovation is the key not only to enhancing business agility but to rapidly designing and offering extraordinary experiences and cutting-edge products that will continually satisfy and delight customers.
Keep on SMACking: Taking Social, Mobile, Analytics and Cloud to the Bottom LineCognizant
Winning organizations have programs in place to identify, understand, prioritize and overcome emerging SMAC challenges and have established 'Big Rules' for business and IT leaders to work through governance and technological roadblocks.
If you want to make robotic process automation part of your operations, the first thing you need to ask yourself is what you want to use it for. That, effectively, is the key message to
practitioners, from anyone who has real experience with RPA solutions.
Creating Optimized Business Relationships - Article #1Lawrence Dillon
This document summarizes an article about creating optimized business relationships between IT departments and business units. It discusses how business units currently drive isolated technology development, leading to redundant systems. The document advocates for a partnered approach where shared business processes across units leverage single, standardized technology components maintained centrally. Business units could then customize components for unique needs. This balances centralized efficiencies with flexibility for individual units.
There are few constants in this world, but the way in which we do business is not one of them. Instead, companies must actively adapt to change within the marketplace. As the international landscape continues to grow smaller due to advances in technology, businesses are realizing the importance of operating on a global scale. As with any equally ambitious venture, although there is great potential for a strong return on investment (ROI), moving to a global model – or even strengthening one’s current global infrastructure – comes with a unique set of challenges. Among the most prevalent are the needs to operate around-the-clock, extend influence within emerging markets and implement a global vision throughout the enterprise.
View the original Blog post: http://www.eprentise.com/blog/the-changing-enterprise/preparing-for-tomorrows-market/
Website: www.eprentise.com
Twitter: @eprentise
Google+: https://plus.google.com/u/0/+Eprentise/posts
Facebook: https://www.facebook.com/eprentise
- A survey of over 400 professional services firm leaders found that the majority see technology, especially cloud-based solutions, as important for firm management initiatives and future readiness.
- 51% of surveyed firms believe cloud-based solutions are part of their future strategy due to benefits like ease of access, technology best practices, disaster recovery, and scalable processes and workflow.
- Early adopters of cloud-based solutions like CCH Axcess report benefits including new efficiencies, streamlined processes, and improved communication and client interaction.
- The document discusses a report by Harvard Business Review Analytic Services on how IT-enabled innovation is transforming businesses and the role of the CIO.
- It finds that about a third of surveyed companies are "Innovation Accelerators" that pursue technology-driven business innovation throughout the organization.
- Innovation Accelerators are more likely to see significant changes to how they engage with customers, their business models, products/services, and employee processes over the next three years compared to other companies.
This document introduces Technology Business Management (TBM) as a decision-making framework that relies on financial and operational data, service delivery processes, and business partner relationships. TBM aims to optimize costs so more can be invested in growth and agility. The chapter introduces the components of the TBM framework and includes a diagnostic survey to assess the reader's organization. Signing in with LinkedIn provides access to compare results with other organizations in the TBM Index.
The document discusses trends in outsourcing for 2019. It notes that companies will need to change their outsourcing strategies to adapt to disruptive technologies. Disruptive outsourcing, cloud computing, and robotic process automation are highlighted as trends that will impact outsourcing. The document also provides methodologies for selecting outsourcing suppliers and evaluating potential outsourcing opportunities. Specific outsourcing areas like network operations and maintenance are examined in terms of functions that may be outsourced.
The document discusses how financial services firms can adapt to a customer-centric world undergoing digital transformation. It outlines several key components for a successful digital transformation strategy, including commitment from top leadership, developing a large-scale customer-led vision, adopting the right organizational structure, building a team of diverse digital leaders, developing a compelling talent strategy, and aligning company culture around innovation. The overall goal is for financial institutions to attract and retain top digital talent that can help reinvent customer experience and compete against new digital disruptors.
This document discusses ideas for improving corporate reporting to better meet stakeholder needs. It proposes:
1) Less frequent but more comprehensive reporting (annual/biannual instead of quarterly), focused on long-term value creation metrics in addition to past financial performance.
2) Releasing key performance indicators monthly through social media to provide timely updates between comprehensive reports.
3) A modern disclosure schedule including monthly indicators, biannual reports, annual comprehensive reports, and five-year perspectives on vision and strategy.
4) Integrated reporting comes closest to existing frameworks in emphasizing long-term value creation, but does not fully address issues like standardization and technology that could further modernize reporting.
The New Voice of the CIO: Travel, Transportation and the CIO RoleIBMTransportation
The document summarizes a study of Chief Information Officers (CIOs) in the travel and transportation industry. It finds that successful CIOs balance three pairs of roles:
1) Insightful Visionary and Able Pragmatist - Focusing on innovation while also enabling current operations.
2) Savvy Value Creator and Relentless Cost Cutter - Creating business value from IT while also reducing costs.
3) Collaborative Business Leader and Inspiring IT Manager - Partnering with business leaders and also managing IT operations.
CIOs in the travel industry face pressures from economic challenges but high-growth companies see their CIOs playing bigger strategic roles and collaborating more
McK - 'Transformer in chief'- The new chief digital officerSotiris Syrmakezis
The document discusses the changing role of the chief digital officer (CDO). The CDO role is no longer focused on basic digital capabilities, but is now responsible for comprehensive digital transformations across a company. Today's CDO must coordinate changes to how a company works and develop new business lines quickly. The document outlines five key skills needed for CDOs to drive successful digital transformations: 1) integrating digital into all aspects of business strategy; 2) obsessively focusing on customers; 3) building agility, speed and data usage; 4) extending networks outside the company; and 5) developing digital talent.
The document summarizes six key trends in outsourcing:
1. It's no longer primarily about cost savings but also competitive agility, scalability, and innovation.
2. Nearshoring is becoming more prevalent as outsourcing moves into more strategic activities.
3. Outsourcing is increasingly applied by specific functions like HR, finance, and accounting.
4. Outsourcing is expanding among mid-sized companies who may benefit more from outsourcing than larger firms.
5. Outsourcers and clients are in direct competition for specialized talent as outsourced work moves to more strategic functions.
6. Structures and processes in outsourcing are becoming more formalized through professional
The document discusses the growing role of Chief Digital Officers (CDOs) in companies. It outlines some of the key responsibilities of CDOs, which include developing a company's digital strategy, integrating digital initiatives across business units, and educating other executives about digital opportunities. The document also provides examples of prominent companies that have hired CDOs, such as Starbucks, CVS, and Renault, and discusses some of the digital projects these CDOs have led. It predicts that the number of CDO positions will continue increasing globally as more companies recognize the importance of digital strategies.
Making Demand Generation Work in the Technology IndustryLedger Bennett DGA
How well do you understand your tech buyers? When do you know they are ready to buy? More significantly where can you find them? Our guide to Making Demand Generation Work in the Technology Industry has been designed and customised significantly to answer the questions that are important to you. Discover the latest insights and analysis on the biggest issues impeding your revenue streams and identify the key players you need to know to get in on the action.
The document discusses frameworks for innovation management in organizations. It outlines elements of an innovation agenda that define an organization's innovation strategy, including lifecycle stage, mix of innovation types, and value proposition. It also describes innovation management and governance elements like portfolio management, project management, and incentives. Innovation enablers that support execution include talent, culture, collaboration, tools/frameworks, and infrastructure. Finally, it discusses customizing the innovation approach based on an organization's existing culture and innovation archetype.
This document discusses the challenges that executives face in ensuring technology investments provide business value and priorities strategic initiatives. It notes that 80% of IT spending typically goes to maintaining existing systems, leaving little for new projects. Executives need visibility into spending and activities to evaluate returns and improve results. The document provides tips for executives, including following spending to understand value creation, setting clear strategies, creating accountable project teams, focusing on priorities, and excelling at execution.
The human capital management market is in a constant state of flux. Not only are there new entrants all the time, but changes in the HR function and shifting expectations make it harder to simply be reactive. HR buyers now demand that HCM providers become proactive, and solutions have to reflect that new normal.
Brandon Hall Group and The Starr Conspiracy have teamed up to deliver key insights into this evolving market.
Download the paper today to get insight into all of the trends you need to know about to stay competitive in this ever-changing market.
http://campaigns.thestarrconspiracy.com/state-of-hcm/
The 7-step process outlined in the document provides a method for organizations to implement business architecture. The steps include:
1. Creating buy-in and understanding business objectives and culture.
2. Capturing existing business information and using a framework to classify and store it centrally.
3. Connecting different business units and functions by linking related information to improve alignment.
4. Enabling collaboration by making information accessible and usable for employees.
5. Coordinating processes, people and technology to better serve customers.
6. Leveraging the centralized information for governance, risk and compliance activities to reduce costs.
7. Using the business architecture to enable smarter decision making and compete
We’ve worked with Executives and IT leaders for over 30 years, and the single most common complaint we hear from them is their profound frustration with the lack of results and transparency from their never-ending IT investments.
To add further complexity, the demand for digital products and services has made it increasingly difficult for organizations to make ongoing investments and balance the need for innovation with optimization.
The latest data, combined from global enterprises, big consulting and research firms, makes the case that companies need to urgently act to address the digital disruption of their business and their related skills gaps. The data shows that 70% of digital business initiatives are likely to fail to deliver business growth, due to lack of business process and product innovation, as well as poor organizational adaptability.
Poor governance and legacy product management processes to align business and IT initiatives, coupled with insufficient leadership engagement across the organization, are the main reason most companies are wasting money on IT.
This thought paper speaks to these challenges and how optimizing both technology innovation and cross-organizational engagement will accelerate the positive business outcomes that organizations are looking to achieve especially in lieu of increasing digital disruption.
Authors - Alex Adamopoulos and Bob Kantor
The document discusses how robots and artificial intelligence are changing the skill sets needed for finance transformation projects. It notes that routine tasks are being automated, increasing the need for skills like data analysis, project management, and strong interpersonal skills. To succeed, organizations must have the right mix of seniority, experience, and skills mapped to their specific project needs. Maintaining the right grade mix over time, as tasks change, is important for delivering projects and long-term services effectively.
Software Engineering: Designing a Better Experience for Communications, Media...Cognizant
Software makes the world go ‘round, from hyperefficient business operations to users wowed by the newest app interface and digital products. For CMT companies, software development innovation is the key not only to enhancing business agility but to rapidly designing and offering extraordinary experiences and cutting-edge products that will continually satisfy and delight customers.
Keep on SMACking: Taking Social, Mobile, Analytics and Cloud to the Bottom LineCognizant
Winning organizations have programs in place to identify, understand, prioritize and overcome emerging SMAC challenges and have established 'Big Rules' for business and IT leaders to work through governance and technological roadblocks.
Opportunity Snapshot - Accelerating Digital Transformation With Technology (F...havoc2003
In February 2017, Microsoft commissioned Forrester Consulting to better understand how enterprises across the globe are pursuing
digital strategies. This study focuses on the outcomes they sought, the challenges they faced, and the improvements they are realizing.
More specifically, this study highlights the role that technology has played in accelerating digital transformation efforts — showcasing
specific benefits received by incorporating key technology pieces into the overall business strategy.
The document discusses two articles about customer relationship management (CRM) and how it relates to e-business strategies. The articles examine where e-business is concentrated, why it is occurring, and the benefits of CRM technology investments. The document also provides background on the author and outlines qualitative benefits of CRM through a case study of a software company.
The document evaluates 18 leading CRM suite solutions for large organizations based on 516 criteria related to the vendors' current offerings, strategies, and market presence. It finds that Oracle Siebel and SAP still offer the most complete solutions for large enterprises, though other Leaders like Salesforce.com, Microsoft, and RightNow are gaining ground with more flexible options. The evaluation also identifies Strong Performers like Oracle E-Business Suite, Pegasystems, and Sword Ciboodle that bring specific strengths in areas like analytics, customer service, and business process management. The report aims to help business professionals choose between the various options for meeting their organizations' CRM needs.
- Forrester evaluated 18 leading CRM suite solutions against over 500 criteria to assess their suitability for large organizations. The solutions were grouped into leaders, strong performers, and a single contender.
- Oracle Siebel and SAP were found to still offer the most complete solutions for large enterprises, though other leaders like Salesforce.com and Microsoft are gaining ground with more flexible, quicker to implement solutions.
- While the leaders are challenged by strong performers like Oracle E-Business Suite and PeopleSoft CRM suited for ERP customers, as well as BPM-focused solutions from Chordiant, Pegasystems and Sword Ciboodle, the crowded market provides many choices for buyers to consider.
One project management software to manage your certifications, compliance and...JohnMaverick9
The leadership at ProductDossier were the first to understand the business program and project management challenges that they have designed TouchBase® to offer a unique combination of templatization as well as quick configuration!
Try TouchBase® and experience your enterprise transformation!
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This document discusses the need for business process management (BPM) to move beyond tactical, departmental improvements and enable strategic advantages through enterprise-wide and cross-company process management. It argues that current BPM approaches are limited and that the next generation of BPM requires: 1) a universal business process management system (BPMS); 2) new process-oriented architecture and methods; 3) tools for human interaction management; 4) complex event processing; and 5) agent technology. These capabilities are needed to manage end-to-end, value chain processes in a holistic way and drive competitive advantages in today's business environment of globalization and extreme competition.
Business Process Management (BPM) is known for its ability to automate repeatable processes, create greater visibility of an end-to-end process, and enhance process agility. The end result is improved business performance, which translates into providing greater value for customers and stakeholders. Where the challenge lies, however, is implementing BPM enterprise-wide.
In this interview, John Jarrett, Director of Business Process Management at AGF Trust, a premier Canadian-based investment solutions firm, discusses the benefits of deploying BPM across an organisation and reveals how to take the first steps in creating an enterprise-wide strategy.
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Bpm in financial services michael heffner (foreword)Neeraj Jaisingh
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The corporate center of many major companies will undergo significant changes over the next 5 years. The size of headquarters will shrink as more transactional work is outsourced and automated, reducing costs by 25-40%. Headquarters staff will transition from administrators to specialized experts in areas like data analytics, digital technologies, and change management. Corporate functions will be restructured as flexible, cross-functional teams that form around priorities and dissolve when work is complete. This will require recruiting new types of digital talent and offering more flexible employment.
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Harvard Business Review_The Ecosystem Equation - Collaboration in the Connect...Beth Taylor
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Executing Successful BPM strategies in a recessionary environmentGhanshyam Sharma
The document discusses strategies for pursuing a successful BPM strategy despite economic pressures. It predicts that the BPM market will evolve differently in the recession, with slower technology acceptance and maturity delays. Consolidation among vendors may accelerate, with only large and niche small players surviving. However, mid-sized vendors like Bahwan CyberTek and their CUECENT products could provide a lower-cost reliable option for customers as BPM becomes more standardized. The document recommends approaches like negotiating discounts, leveraging open source, and guidance from professional services.
Executing Successful BPM strategies in a recessionary environment
SOA -Whitepaper
1. Leveraging BPM/SOA to
gain competitive advantage
– A survival guide for
executive management!
As a CEO, CIO or CTO what does BPM and SOA mean to you?
Are you responsible for the technology strategy decisions of your
organization? How do you filter out the hype and make the right
investments so as to gain the crucial competitive edge in today's dynamic
business environment? How do you avoid the mistakes which could render
your technology strategy obsolete with the forthcoming destructive innovations?
2. Ghanshyam Sharma is one of the founding members of Bahwan CyberTek Inc (BCT), a
100 million dollar software products and services organization with 1200 employees
and business interests across more than 20 countries worldwide. Sharma manages the
products business for CUECENT line of products covering the North and South Americas.
BCT's CUECENT BPMS is an industry standard BPM package providing a high quality
(CMM Level V) industry standard BPM product at an affordable cost. The CUECENT line
of products also includes many niche offerings for Retail Banking and Finance, e-
Government, High Technology and Logistics industry and is used by hundreds of clients
worldwide.
Sharma has more than 12 years of experience in the high tech industry working for
prestigious companies like BEA Systems and Fannie Mae. Early on he has also worked as
an Associate Professor at a reputed North Indian University, teaching the Graduate
Masters in Computer Applications courses such as Compiler Designing, Artificial
Intelligence and Database Management. He himself holds a Masters in Computer
Applications (MCA) degree from HP University and an MBA from the prestigious
Columbia Business School.
He can be reached for comments or advice at gsharma@bahwancybertek.com. Also
please refer to www.cuecent.com for further information on CUECENT BPM products
and www.bahwancybertek.com for more information about the company.
About the Author
This whitepaper is owned by Bahwan CyberTek Inc (BCT) and is for the sole use of BCT's employees, customers and
prospects. The information contained in the document is legally protected and may not be further copied, distributed or
publicly displayed without the written permission of BCT or its affiliates. Further BCT will not be responsible for any
damages or harm caused to any entity, following the papers recommendations. The papers sole purpose is to educate the
customers of available options and the audience is encouraged to seek professional technology strategy guidance from
BCTin case they would like to implement the recommendations outlined in the paper.
3. Bahwan CyberTek Inc. (www.cuecent.com)
1. The Challenge 4
2. Audience 4
3. Business Strategy 4
4. Technology Perspective 5
6. Marrying business and technology
– Enterprise architecture 6
7. Leveraging BPM and SOA 6
8. Jump, Run or Walk? 7
9. The Future 7
10. Recommendations 9
11. Conclusion 10
12. References 10
Table of Contents
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The Challenge
Are you a senior business manager struggling with business profitability, earning per share and sales
forecasts, gross margins, operational efficiency, and market leadership? Are you a senior technology
manager dealing with reduced budgets, layoffs, impossible deadlines, retention, talent acquisition and
your organizations technology leadership? If yes, what does BPM/SOA mean to you? Is it another hype
which will die with time? Or is it the next revolution in technology, which may help you achieve that added
advantage to overtake the competition? Are you worried that you may be under-investing or over-
investing in a immature technology? Are you scared of getting caught off-guard by the next destructive
innovation, which could render your entire technology strategy and business model obsolete overnight?
Audience
This paper is focused on senior business
managers and senior technology executives,
who need to make decisions about their
organizations BPM and SOA strategy in the near
future. Very often the literature and
presentations around BPM and SOA are
compiled and presented by technologists, who
lack the insider perspective on how the world
looks from the senior management perspective.
The paper tries to connect the technology
understanding of BPM/SOA with the business
strategy and execution, providing executives a
clear picture and recommendations for optimum
decision making.
The paper is also focused on technology middle managers, who form the communication bridge between
the senior management layer and technology experts and must communicate with the two groups in two
entirely different languages.
Business Strategy
If you lead a mid to large sized business, you must be quite familiar with the usual strategy formulation and
execution frameworks. For most organizations the execution consistently revolves around Situation
analysis, Gap Identification and Organizational Alignment circling back to Situation Analysis.
To elaborate further, “Situation Analysis” helps us redefines our “Vision and Goals” as per the new market
realities and “Gap Analysis” provides us the steps to be executed so as to align our organization structures,
processes, culture and controls with the new vision and goals. As we execute the alignment, we go
through new learning's, which feed into the next “Situation Analysis” and so the circle goes on.
So the question than arises, why do so many organization never get it right? Consider the period of 1992
to 2002 when numerous well known companies like Raytheon, Goodyear, Kmart, Novell and Halliburton
“Success has no autopilot” – Gordon Bethune, CEO Continental Airlines
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5
posted negative five year returns. And more recently consider what happened to General Motors, Ford,
Bear Sterns, Lehman Brothers and even the most cautious and risk-averse GSE's Fannie Mae and Freddie
Mac.
While this paper is hardly a place to understand and resolve the consequences of credit crisis, one thing is
glaringly evident in the aftermath of the crisis. Almost none of these large companies have proved to be
flexible and intelligent enough to foresee the changes in their business environment, not to talk about
quickly aligning themselves to leverage the situation to achieve their corporate goals. The business leaders
do hold a large part of responsibility for the current mess but it is worthwhile to debate, did those business
leaders have adequate tools to conduct the right “Situation Analysis” and execute the necessary
“Alignment “ ? And since information technology forms the backbone of any such analysis and corrective
action, the most important question for this paper would be, “Is it possible to develop an information
technology backbone so as to enable the executes to steer the organizations away from such calamities in
the future?”
Technology Perspective
Today the CTO's role has been completely transformed, from a “technology service provider” of the past
to the “strategic thinker and executor” who can provide the organization the technology edge, so critical,
not only to stay ahead of the competition, but also essential to survive in the ever changing business
environment. In other words we can think of technology as the execution language of modern business.
The question that arises is “Is our technology/business language efficient enough to provide us the
necessary tools to adapt to the ever changing business environment?”
To derive any meaningful conclusions, we would need to understand the link between an organizations
business strategy and its technology architecture. We would further need to understand how quickly the
technology architecture can morph itself to the changing business realities so as to feed up the necessary
information for right decision making and support the new organization structure, processes and controls
so critical for the complete organizational alignment.
Marrying business and technology - Enterprise architecture
Enterprise Architecture is the formal link between business strategy and technology execution, and
provides a high level picture of how an
organization should deploy its technology
infrastructure to attain business goals.
While the Enterprise Architecture discipline
has tremendously helped organizations to
build the necessary infrastructure for
“Everything I think about is related to company's core business strategy and financials. I think about
what technology is going to differentiate us in those markets. From there, I go into execution
mode” – Linda Capuano, CTO Honeywell
“Today's Enterprise Architecture represent the technology execution of business strategy, frozen in
time; BPM and SOA can help unfreeze the Enterprise Architecture and keep it valid over a
foreseeable future” – Sharma, Ghanshyam VP Products Bahwan CyberTek Inc.
6. business execution, the execution approaches adopted in the past, have an inherent flaw. The
methodology satisfies organizations business strategy requirements, as expressed on a given time-
interval, with very less options provided for the radical changes, so often required by the dynamic business
environment.
Further most EA implementations of the past have created “information silos”. For instance an
organization may have a SAP implementation, an Oracle Financials Implementation, many J2EE
applications, proprietary applications and so on. They all may have great interfaces and may be working
perfectly well together as per the current Enterprise Architecture requirements, but what happens if
suddenly bulk of the inter-communication requirements change ? Moreover what happens if we foresee
hundreds of changes required in the inter-communication over a short time interval? Would our initial
Enterprise Architecture hold? Would hundreds of changes executed over time completely corrupt our
initial architecture, leaving an unmanageable mess behind? What would be the business consequence of
such a development in terms of flexibility and adaptability to the ever changing business environment?
Leveraging BPM and SOA
As discussed above BPM/SOA technologies and methodologies can be leveraged to make our Enterprise
Architecture implementation more dynamic and flexible. To explain in the simplest possible terms,
implementing SOA architecture can provide you an abstraction layer, making it easy and transparent to
leverage services across the enterprise. You could start on a small departmental level, implementing an
enterprise Service Bus for services associated with that particular business unit. As you succeed with such
projects, multiple such projects would materialize as individual departments or business units start re-
architecting their existing applications or leveraging SOA to architect there new systems. As a second step
these multiple ESB's could be connected building a cloud computing model, whereby all type of services
can be accessed transparently through standard interfaces.
As a decent number of services are in place, almost in parallel, BPM tools and products can be leveraged to
build and deploy workflows, to consume these services and build innovative applications on a tremendous
speed, fulfilling our strategic business requirements. Such an ever evolving architecture would provide the
organization the capability to leverage any piece of information, almost instantaneously and derive any
type of analytics for quick decision making. This is especially important since BPM tools typically cut down
development time by anywhere between 40% and 80% depending on the case in hand. In fact thinking
ahead of ourselves, the futuristic model based execution and web2.0 type tools could provide a non-
technical business decision maker the capability to put together a custom application within hours and
hence aid quick and critical business decisions.
The service based architecture removes the focus from “Trying to implement the business requirements in
a complex IT environment” to “Trying to leverage the existing and new services to provide the best
solution. The shift from “How” to “What” transforms the technology division from a reactive
implementer to a strategic partner, providing critical timely information and aiding decision making.
Jump, Run or Walk?
Typical technology strategists recommend a top-down implementation approach with a holistic Business
Process Competency Center working with the Enterprise Architecture teams to develop the next
generation technology infrastructure for an organization. While I find no reason to doubt such an
enthusiastic move, any volume on business strategy execution would point out the fact that changes are
best implemented slowly and steadily. Since implementing BPM and SOA would involve radical changes in
the long run, including a new way of thinking, changes in role definitions, organization structure
Bahwan CyberTek Inc. (www.cuecent.com)
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alignment etc, a safer option would be a slower bottom up approach with the big picture in mind.
In the September 2008 Gartner BPM conference, when one of the speaker asked the audience to raise
hands, if they had already received the intended ROI from there BPM projects, only 5% of the hands went
up. With the current downturn, it is obvious that organizations will slow down there BPM initiatives
pushing forward the entire technology adoption cycle by many quarters. A slower and bottom-up
approach would ensure that we give our self adequate time to absorb the industry best practices as these
practices emerge with increased usage and standardization of technology.
The Future
Any technology decisions a CTO makes need to reflect not only the industries current state but also the
future direction. We would need to consider both constructive and destructive innovations and gauge
their impact on our business and technology strategy, at least over next five years.
While BPM and SOA have been constructive innovations, helping us leverage our existing technology
investments, the recent phenomenon of “Cloud Computing” may bring in an entirely different
“Destructive Innovation” to the industry. On the risk of sounding paranoid, imagine a scenario, where you
have invested hundreds of millions of dollars in building your technology infrastructure, only to find out
that a new competitor has access to the same or even superior technology infrastructure, at a fraction of
your investment. Your business model could be rendered obsolete within days if you haven't paid attention
to these developments and taken the necessary risk mitigation steps.
So far BPM and SOA have been an enabling technology, which can be leveraged to implement services
delivered using “Cloud Computing” model. While a few vendors do offer BPM modeling using SAAS,
which is an early step towards cloud computing; just leveraging these services does not actually make you
a cloud computing innovator. What would get you started on “Cloud Computing” model would be
leveraging BPM and SOA to build in-premise services and try to utilize those services as in-premise cloud.
As mentioned before the best approach to accomplish this is to re-architect some of your critical
departmental application utilizing ESB architecture and then connecting the departmental ESB's together
to form the in-premise cloud. As you gain better understanding of this new architectural approach over
several years, you can stay in sync with the market innovations and immediately adapt to any
revolutionary destructive turns in the technology.
It is important to note that the destructive feature of clod computing is going to come from the Off-
premise cloud computing models. While this does not pose an immediate threat to most large businesses
with complex processes, five years down the line, the scenario may be completely different. On another
note, for some aggressive adapters, this may be the greatest market opportunity of the decade, whereby
they could leverage their existing IT infrastructure by opening up there services to the external entities and
hence build new revenue channels.
“Innovation is about shaking loose from yesterdays world so that we gain the freedom to create
tomorrow” – Peter F Drucker
8. Bahwan CyberTek Inc. (www.cuecent.com)
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Recommendations
The recommendations below provide a general guideline on how you can leverage the current
developments in SOA and BPM technologies and are aimed to help you streamline your thought process
around the papers discussions
lThe “Situation Analysis” step in your business strategy development should consider technology
changes as a critical environmental factor deserving the same attention as market, customers,
competitors, regulations and such other considerations.
lIf this has not already been done, change the CTO/CIO roles from technology implementers to
business strategy decision makers. While this trend is in place since a while now, it helps to formally
redraft the roles and lay down the expectations.
lStart small. Do not get caught up in building enterprise wide hubs, BPM competency centers and on-
premise-clouds. Quickly convert a few of your critical applications to BPM/SOA architecture and
build the required in-house competency.
lKeep the initial implementation costs low and feel free to experiment with low cost offerings from
smaller vendors. A lot is going to change in the next 3 to 5 years; you would do well to stay flexible
and not bet heavily on any technology or vendor too soon.
lFocus on changing the mindsets along with technology. Structure teams with representatives from
business and technology from all levels of the organization. Your goal would to develop the ability to
execute from idea/requirement to execution in the shortest possible time without compromising the
quality of the results.
lAs you succeed in initial project deployments, slowly start moving towards in-premise cloud
computing model by integrating your departmental level applications. As more and more services
become available for consumption, developing new application will become faster and easier.
lAt this stage, a few months into your implementation, you might start thinking about building BPM
competency centers, aligning the formal organization to the new roles and standardizing the
processes and methodologies.
lKeep a close look at technology developments and its consequences on business. Adapt quickly and
leverage any improvements in model based execution and web 2.0 portal technologies. If possible
forge strategic links with medium sized BPM vendors and guide them on your preferences. This will
also help you stay ahead of competitor as you will have an insider perspective.
lRegularly evaluate your business models viability in the face of the technology improvements. For
instance if you can offer your processes to customers on a SAAS model building additional revenue
generations capabilities, you would better get started before one of your competitors does so and
gains the early entry advantage.
Conclusion
The BPM and SOA technologies provide us a golden chance to make our enterprise flexible and adaptable.
If properly leveraged, these technologies may become a great asset in our drive to stay ahead of the
competition. More than that building knowledge and experience on these technologies may help us to
survive those destructive innovation cycles, which will render many of our competitors obsolete over the
next decade.
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References
1. Reinventing strategy, using strategic learning to create & sustain breakthrough performance – Willie
Pietersen
2. Making strategy work - Lawrence G. Hrebiniak
3. From worst to first - Gordon Bethune and Scott Huler
4. Big winners and big losers - Alfred A Marcus
5. Why the traditional CTO is history - Charles Geoly, Russell Reynolds Associates
6. EA and BPM : How to make the synergy work - Anne Lapkin, Gartner Business Process Management
Summit, September 10-12, Washington DC
7. Business Process in the Cloud - Michele Cantara and Daryl Plummer, Gartner Business Process
Management Summit, September 10-12, Washington DC
10. USA Headquarters, Boston
BAHWAN CYBERTEK INC.
209, West Central Street, Natick,
Massachusetts 01760, USA.
Tel: +1 508 652-0001, 652-0015
Fax: +1 508 652-9781
Email: gsharma@bahwancybertek.com
USA Northern Zone-New Jersey
BAHWAN CYBERTEK INC.
59 Malsbury Street
Robbinsville, NJ 08691
Tel: +1 609 223-0705
Mobile: +1 732 735-0296
Email: richj@bahwancybertek.com
USA Southern Zone-Georgia
BAHWAN CYBERTEK INC.
65 Torrey Pines Court
Newnan, GA 30265
Tel: +1 770 304-8841
Mobile: +1 678 428-3761
Email: jerryr@bahwancybertek.com
USA Southern Zone-Florida
BAHWAN CYBERTEK INC.
12510 World Cup Lane
Wellington, Florida 33414
Tel: +1 561 784-5049
Fax +1 561 784-9769
Email: stevef@bahwancybertek.com
OMAN
BAHWAN CYBERTEK LLC.
Postal code 117, Wadi Kabir,
Sultanate of Oman.
Tel : (968) 24567154
Fax : (968) 24567148
Email : bct@bahwancybertek.com
UAE
BAHWAN CYBERTEK FZ-LLC
Office No. 206, Building No. 1,
Dubai Internet City,
Tel: (9714) 3911850
Fax: (9714) 3911840.
Email : bctfz@bahwancybertek.com
INDIA - CHENNAI
Bahwan CyberTek IT Park
148, Rajiv Gandhi Salai (OMR)
Okkiyam Thoraipakkam Chennai - 600 096
Tel: (91) 44 43449000/39209000
Fax: (91) 44 43449222
Email: bctpl@bahwancybertek.com