Tag: Business efficiency

According to a study cited by McKinsey, AI could potentially double the pace of R&D and unlock up to $500 billion in annual global value, but it is not the only automation technology on the market. Many often confuse Artificial Intelligence (AI) with Robotic Desktop Automation (RDA), a distinct tool in the automation toolkit. This confusion stems from a misunderstanding of their core capabilities, applications, and underlying intelligence.

According to the Object Management Group (OMG), Decision Model and Notation (DMN) was established to provide a standard for modeling business decisions. This visual and easily understood standard simplifies decision logic for both business users and IT professionals. What are the benefits of using DMN to achieve more consistent and efficient decision-making?

Over 60% of procurement leaders cite cost savings as a primary objective when sourcing. A Request for Quotation (RFQ) is a strategic tool that helps businesses achieve competitive pricing, enhance efficiency, and build stronger vendor relationships.

First observed by Italian economist Vilfredo Pareto in 1896, the 80/20 strategy, or Pareto Principle, suggests that roughly 80% of outcomes stem from just 20% of causes. This asymmetrical distribution of input and output is a powerful tool for strategic prioritization in business, productivity, and life.