Today, analyzing data is foundational to maintaining the success of a business. Accumulating information over time, generating reports, and performing vital analytics is the cornerstone of measuring the status of a company, especially when effectively interpreting this information can be a critical factor that determines the difference between inadequate and strategic decision-making ability.
As with many business processes, things don't always go as planned, and projects can fail to meet outlined goals. The reasons for this can vary greatly, but below we'll take a brief look at some of the most common issues with project management that could be causing your projects to lose profitability.
The transition from onsite operations to remote models after the COVID-19 pandemic saw many businesses benefitting from cloud-based enterprise resource planning (ERP) solutions. After the 2020 disruption, it makes sense why the technology experts at Forbes call the cloud "crucial to the future of our societies."
ERP has seen meaningful growth and sophisticated advancements in recent years, especially given the new obstacles we face. Looking back to 2020, companies all over the world began getting used to long-term remote working environments, creating the need for breakthrough technologies to be developed quickly so business applications could fill the gaps.
Many companies are starting the new year under a cloud of uncertainty and a haze of fear. Due to the COVID-19 pandemic and a stressed global economy, planning for how this year will unfold has proven to be more complicated than in years past. With the vaccines being distributed, we seem to be climbing out, but no one knows when the world will finally control the virus or what the economy will look like when it happens.