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Dear Accounting Professional,

By Carolyn Torres,2014-05-15 23:18
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Dear Accounting Professional,

    BI Solutions Kft. BI Solutions Kft.

    Németvölgyi út 104; 1124 Budapest Németvölgyi út 104; 1124 Budapest

    tel: 361.319.1109; fax: 361.319.2955 tel: 361.319.1109; fax: 361.319.2955

    e-mail: office@bi-solutions.biz e-mail: office@bi-solutions.biz

    http://www.bi-solutions.bizhttp://www.bi-solutions.biz TM... Solutions for Profit

    Information Management/New Trends

Title: “Top IT Trends”

Session leader: Ron Nawrocki, Managing Director BISolutions

     - Hungary and Poland

Overview

Provide an overview and discuss the top IT trends from 4 perspectives:

    1. Industry gurus & monitoring Internet searches

    2. Energy IT Trends

    3. CFO’s Top 20 list

    4. Session Participants

To confirm that “XYZ” technology will change the world and is key to your company’s

    success, just ask the companies who develop/sell the “XYZ” technology, they will confirm it.

For an overview of which technologies and trends are really making an impact,

    survey those who are:

    ? researching and working with the newest technologies

    ? IT specialists in the Energy industry

    ? buying, paying for, and checking the returns on technology (CFO’s) ? participants in this session!

We’ll share and discuss the results of these surveys

Outline

? IT History (50-60 years)

    ? Industry gurus & Internet searches

    ? Energy IT Trends

    ? CFO’s Top 20 list

    ? What’s missing?

    ? Participants

    ? Summary

    ? More Information / Updates / Comments

     Managing Director: Ronald M. Nawrocki Tax ID: 12766154-2-43 Registration: 01-09-702409 Managing Director: Ronald M. Nawrocki Tax ID:12766154-2-43 Registration:01-09-702409

IT History (50-60 years)

? Early IT developments were in mathematics and science

    ? 1GL programming led to some simple transaction systems

    ? Databases and 2GL/3GL programs improved IT development and user

    friendliness

    ? Second 25-30 years focused on Information rather than only Data

    ? Most IT systems still today:

    - Process data and transactions

    - Help Front-line employees

    - Assist in Administrative duties

    - Integrate departments

    - Provide Communication

    - Do little for the Executive or Manager!

? What technologies are used most by Executives/Managers?

    ? E-mail even techno-phobes get information provided to them quickly, not

    dependent on their availability for meetings and telephone calls

    ? Internet access to masses of knowledge and information

    ? The spreadsheet Lotus 1-2-3 introduced in April, 1982

    - Revolutionized how analyses are done, throughout your company & the

    world

    - Shortened time for decision making by a factor of 10

    - Raised knowledge worker productivity dramatically

    - After 21 years we have trouble remembering/imagining how business

    functioned without it!

    ? The key question Which future technologies will have an impact like these

    3?

    ? Any thoughts?

Industry gurus & Internet searches

? When an IT person needs information about a new technology where does

    he look?

    ? Internet is a powerful medium for worldwide access to the newest information

    ? Web-sites have been created to monitor the searches performed on many

    topics

    ? For IT topics try: http://www.bitpipe.com/data/web/bp/index.html

    ? We have a summary of the top topics, white papers, and how they are

    changing

     1124 Budapest, Németvölgyi út 104 1124 Budapest, Németvölgyi út 104

    Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID: 12766154-2-43 Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID:12766154-2-43

? Top IT Topics

     Rank

    Topic April 2003 January 2003

    Wireless LAN 1 1

    Return on Investment (ROI) 2 3

    Authentication 3 7

    Virtual Private Network (VPN) 4 2

    (Wireless LAN IEEE 802.11 protocol) 5 4 802.11

    Wireless Security 6 13

    Network Security 7 5

    High Availability 8 10

    Supply Chain Management / Software 9 / 50+ 8 / 11

    Application Integration 10 20

    Strategic Planning 39 6

    Best Practices 14 9

    Linux 50+ 12

? As expected IT gurus focusing on: Wireless, Networking, Security

    ? Application Integration replaced Strategic Planning & Best Practices in the

    Top 10

    ? Linux seems to have died down as a hot topic

? Top IT White Papers

     Rank

    Topic April 2003 January 2003

    Offline Learning: Serving the Mobile Profess. 1 NA

    Wireless LAN Security / Policies 2 / 3 1 / NA

    Intro. High-Speed Wireless Network 4 NA

    5-Minute Security Advisor (Wireless Auth) 5 NA

    802.11 Wireless LAN Performance 6 NA

    Intrusion Detection & Prevention (Network) 7 NA

    Top 10 Techniques to Control Spam 8 NA

    No Need to Wait: Next-Gen. Wireless 9 30

    Stopping Identity Theft: 6 Ways to Minimize 10 NA

    5 Practical Steps to Secure Wireless LAN 50+ 2

    Microsoft .NET: What Every IT Exec. Needs ... 50+ 3

? Many new white papers each month; Downloaded when new

    ? Articles likely forwarded to others rather than the links

     1124 Budapest, Németvölgyi út 104 1124 Budapest, Németvölgyi út 104

    Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID: 12766154-2-43 Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID:12766154-2-43

Energy IT Trends

? Conferences (like this one) are held throughout the world on many topics

    ? Top IT people in the Energy Sector meet annually

    ? November 2002 in Las Vegas, Nevada, USA

    ? October 2003 in Tampa, Florida, USA

    ? Useful Links:

    http://www.platts.com/energyitexpoconference/presentations.shtml

    http://www.platts.com/energyitexpoconference/agenda.shtml

    ? We have a summary of the top topics they are discussing, and what’s

    changing

? Nov. 2002 Topics

    - Energy Industry

    ? FERC’s Standard Market Design (SMD) – 4 Presentations

    ? European Utilities and their Customers

    - Application Integration

    ? GIS, Work Management and ERP integration 2 Presentations

    ? Integrated Outage Management

    ? Understanding Enterprise Application Integration

    ? Enterprise Application Integration using Web Services Architecture

    - Outsourcing/In-sourcing

    ? Fundamentals of BPO: The Sourcing Advisor Perspective

    ? HR Business Process Outsourcing

    ? Gartner BPO Market Model

    - CRM/CIS

    ? Solving the CIS Mainframe Bottleneck

    ? CRM Phoenix: Up from the Ashes

    ? CIS Market Overview and Vendor Positioning

    - Information Security

    ? Information Security Technology

    ? Energy Information Security

    - Internet

    Can Web Services Get the Job Done? ? Serving Energy Industry Needs:

    - ROI

    ? IT Budgeting: Making Do with Less While Achieving More

    ? Cost Justifying IT Investments using ROI and IT Value

    - Other

    ? Data Warehousing for Enterprise Risk Management

    ? Wireless GIS (Geographic IS)

    ? Plant Information Portal

    ? Delivery Asset Management

     1124 Budapest, Németvölgyi út 104 1124 Budapest, Németvölgyi út 104

    Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID: 12766154-2-43 Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID:12766154-2-43

? Application Integration, ROI, Security are consistent with Internet searches

    ? Surprisingly Outsourcing/In-sourcing were not in Top Internet searches (CRM

    was just below top 10)

    ? Comments?

? Oct. 2003 Key Topics

    - Agenda not yet finalized

    - Theme is “Optimizing the Enterprise”

    - Key topic areas include:

    ? Shrinking IT Budgets

    ? Overseas Outsourcing

    ? IT Employee Burnout (economic slump, long hours, and tight budgets)

    ? ?

    ? What would you add?

    ? Comments?

CFO’s Top 20 List

? I like this list … not only because I was a CFO for much of my career

    ? These people buy, pay for, and check the returns on technology

    ? The list is not intended to be prioritized … I have grouped them

    - Return on Investment (ROI)

    ? IT budgets declining - companies can't afford to make mistakes

    ? attempt to assess the financial outcome of “IT bets”

    ? technology vendors offer calculators, white papers and other they

    prove every technology provides a high payback

    ? CFO’s are focusing on verifying & checking ROI

    - Portfolio Management

    ? formerly called project consolidation

    ? CFOs trying to prioritize and monitor their high-tech investments

    ? inventory of projects, and measurement criteria to reduce redundancy

    and better select future projects

    ? good news for project-management technology which helps formalize

    investment decision-making methodologies

    - Performance Management (EPM)

    ? catch-all phrase for performance measurements used throughout a

    company

     1124 Budapest, Németvölgyi út 104 1124 Budapest, Németvölgyi út 104

    Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID: 12766154-2-43 Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID:12766154-2-43

    ? an element of Business Intelligence BI technologies, especially

    Balanced Scorecard

    ? newest product to address integrating BI & EPM is Cognos Metrics

    Manager

    - Data Visualization

    ? provide instant and intuitive grasp of basic information

    ? represent various aspects of company performance as colorful, three-

    dimensional graphs, maps, meters, traffic lights or other symbols/

    metaphors

    ? may be the only way to portray, compare and analyze the intersections

    and implications of the “mountain of data that companies accumulate

    but rarely use

    ? a trend to watch currently most advanced in life sciences and

    engineering environments

    - Budgeting & Planning

    ? CFOs have opportunity to synchronize their budgeting and planning

    processes due to:

    1. automatic extraction of data from ERP systems

    2. collaborative scenario analysis

    3. web accessibility enables enterprise-wide collaboration ? idea: get planning to where business decisions are made - the line

    managers

    ? thus CFOs get better predictions, while others get information, not just

    data

    - Reporting & Consolidation

    ? post-Enron, stakeholders are scrutinizing the speed, reliability and

    transparency of reporting

    ? is this the beginning of the end of the spreadsheet, and beginning of a

    switch to adopting more sophisticated tools?

    ? many software choices from improved ERP and BI technologies

    - Extensible business reporting language (XBRL)

    ? subset of XML language used to simplify data exchange via the

    Internet

    ? CFOs preparing and analyzing financial statements find numbers

    reported in the annual report don't match those filed with regulators or

    posted on a company's website - due to clerical errors! ? different naming conventions and reporting approaches can make this

    task difficult

    ? errors with number-crunching get far worse when a CFO tries to sort

    through reports of competitors or potential acquisitions and make

    comparisons

     1124 Budapest, Németvölgyi út 104 1124 Budapest, Németvölgyi út 104

    Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID: 12766154-2-43 Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID:12766154-2-43

? Financial documents coded in XBRL can be easily distributed, shared

    and analyzed

    ? may inspire new analytical software that can import XBRL documents

    and slice and dice the information

    - Data Warehouses

    ? aim: broaden accessibility of data among staff, suppliers and

    customers to increase accountability and transparency

    ? generally connected to ERP, CRM and e-business applications

    ? BI tools are then used for real-time analysis of any information that

    drives a business

    - Optimization Technology

    ? Treasury functions have been too reliant on spreadsheets for complex,

    fast-paced cash management

    ? avoid violating debt covenants, unnecessary interest charges

    ? use artificial intelligence techniques to organize and store cash-

    management data, and also analyze it

    ? available in Europe starting in 2003

    - Continuous Linked Settlement (CLS)

    ? electronic multi-currency foreign-exchange system,

    ? transforms the speed and transparency of global currency trading,

    ? currently 7 currencies, and expanding.

    - e-Payments

    ? internet-based applications to cost-effectively enhance the entire

    “financial supply chain” from invoice to payment to general ledger

    ? electronic invoice presentment and payment (EIPP) software

    automates all the steps involved in making inter-company payments

    ? billers average cost of invoice processing can drop from ?5.36

    (traditional paper-based) to ?2.75 with EIPP ? payers’ average cost per invoice can drop from ?10.20 to ?3.90

    ? before realizing these savings the key is integration of back-office

    applications - which is easier said than done

    - Electronic data interchange (EDI)

    ? since early 80’s has been reliable but costly way to electronically send

    & receive orders, invoices and other business documents

    ? IT “experts” predicted the end of EDI with arrival of the internet and

    B2B tools

    ? use of EDI is expanding beyond traditional electronic exchanges of

    information to improve e-procurement, e-sourcing and other parts of

    the supply chain

     1124 Budapest, Németvölgyi út 104 1124 Budapest, Németvölgyi út 104

    Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID: 12766154-2-43 Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID:12766154-2-43

    ? European market for EDI will grow 15%+ annually to reach ?810 billion

    in 2006

    - Portals

    ? help fight information overload

    ? provide employees with a single access point for wide range of

    applications via simple browser interface

    ? virtual one-stop shops that integrate and organize data according to

    specific job functions or user groups

    ? most corporate portal projects are still in infancy - on the drawing board

    or in pilot phase

    ? advice: focus on flexibility and avoid portals that are tied to specific

    applications or information sources

    - Auditbots

    ? promise to transform the process of financial auditing by changing from

    archival activity performed at the end of a period, to a process done on

    a continuous basis

    ? rules are programmed into a piece of software by internal audit group

    or an outside auditor

    ? software runs in concert with standard financial-application suites

    monitoring each transaction conducted and watching for violations of

    the company's rules and practices

    ? If the software detects a violation, it issues a warning report/alert to top

    management

    - Wireless Workforce

    ? Teleworkers in the EU have doubled in 3 years ? Reasons: internet penetration, use of e-mail, growing availability of

    cheaper notebooks, pocket PCs, PDA’s and other mobile devices

    ? Current limitations: cost, not all systems are web-accessible, still need

    to address information flow, performance management, security and

    other issues

    ? Some realities: try to retrieve a phone number from a PDA in one hand,

    and making a mobile phone call with the other while driving

    - Collaborative Computing

    ? In 1945 an article by a MIT professor “As we may think” proposed a

    technological “infostructure” to facilitate collaboration and knowledge

    sharing

    ? 50+ years later “collaborative computing” finally emerged as a hot trend ? Internet grew out of Darpanet which was designed for researchers at 4

    universities to work together

    ? why so long for companies to realize that a team is more effective than

    the sum of its parts? (TEAM = Together Each Accomplishes More)

     1124 Budapest, Németvölgyi út 104 1124 Budapest, Németvölgyi út 104

    Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID: 12766154-2-43 Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID:12766154-2-43

- Web Conferencing

    ? collaborative technology was supposed to surge in popularity as

    companies cut travel expenses it did not

    ? web conferencing is growing rapidly

    ? note: if a departmental purchase, company may be using products and

    services from several competing web-conferencing vendors, missing

    big volume discounts (up to 25%) from standardizing on one

    ? some products can be site installed (as opposed to accessed via a

    web-hosted subscriptions), providing better security at a fixed cost

    ? How many here have used Web Conferencing?

- Desktop Outsourcing

    ? Traditionally was basic PC maintenance

    ? declining margins are forcing major players (Dell, EDS, & H-P) to

    rethink desktop-computer outsourcing services they offer

    ? most starting to offer a broad range of services: procurement, security,

    installation/move/add/change (IMAC), and software imaging and

    distribution

    ? future: more outsourcers will be customizing service level agreements,

    e.g. different levels of service - 24x7 support for finance and 9:00-5:00

    support for other parts

- Digital Rights Management (DRM)

    ? Purpose: keep digital content (intellectual property) from being illegally

    copied or abused

    ? a big issue in music/movie businesses, but all firms have business

    plans, and other data they need to share - but not with everyone

    ? DRM can limit copying and forwarding and even “recall” access

    privileges after a specified time

- Security

    ? survey: costs average publicly-listed company ?15m - ?20m (1% -

    1.5% of annual sales) every time there is an IT security breach

    ? managed security services (MSS) is poised for growth = network

    security outsourcing

    ? forecasts that European companies will buy ?250m of security services

    by 2008, up from ?70m in 2001

    ? Comments?

    What’s Missing?

    ? Some topics are below the Top 10 or 20 in the lists

     1124 Budapest, Németvölgyi út 104 1124 Budapest, Németvölgyi út 104

    Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID: 12766154-2-43 Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID:12766154-2-43

? Here are some I think should be in the Top Trends:

    - Wi-Fi enables wireless networks and mobile computing

    - Ubiquitous Internet access e.g. at restaurants

    - Palm-top computing & Internet access

    - Business Intelligence which includes:

    ? Balanced Scorecard

    ? Data Mining

    ? Multi-Dimensional tools

    ? Customer Intelligence (CI)

    ? Activity Based Costing (ABC)

    - Data Warehouses are merely supporting technology

    - Data Visualization, Reporting/Consolidation, Budgeting/Planning, and

    Performance Management were mentioned and all elements of BI

    ? What would you add?

Participants

? After seeing the trends followed from 4 other perspectives

    - Industry gurus & Internet searches

    - Energy IT Trends

    - CFO’s Top 20 list

    - Presenter’s additions

? Which list do you feel is least relevant?

    ? Which list is most relevant?

    ? Are any the trends useless for your business?

    ? Let’s do a brief survey - Which of these IT Trends are in your top 5 for 2003-

    07?

    IT Budgets & Impacts

     ROI Shrinking IT Budgets

     Portfolio Managemnt IT Burnout

    Management Tools

     BI: Bal. Score/EPM BI: ABC Strategic Planning

     BI: Data Mining BI: Data Visualization Best Practices

     BI: Multi-Dimensional CRM/CIS Auditbots

     BI: Customer Intell. Supply Chain Mngmt Reporting & Consolid.

    Finance

     Optimization Techn. Delivery Asset Mngmt Authentication

     Continuous Link.Stlm Identity Theft

    Outsourcing/In-sourcing

     HR BPO Desktop Outsourcing

     Intl. Outsourcing Managed Security Svc

     1124 Budapest, Németvölgyi út 104 1124 Budapest, Németvölgyi út 104

    Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID: 12766154-2-43 Tel.: (361) 319-1109, Fax: 319-2955, E-mail: office@bi-solutions.biz Tax ID:12766154-2-43

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