#Capex Utilisation

[yourretailcoachae]

Starting a Jewellery Business Online: The Second Part

In one of the previous communications, retail and eCommerce consulting enterprise, Your Retail Coach (YRC) highlighted five decisive visions for starting an online jewellery store with an emphasis on the MENA region featuring countries like the UAE, Saudi Arabia, Oman, Egypt, Qatar, Bahrain, and Kuwait. In this communiqué, YRC sheds light on the first four critical areas of planning to start an online jewellery business.

Online Jewellery Business Model

Even a validated business idea still lies in the realm of theoretical exploration. The task of validation may offer some broad understanding of how a proposed business idea is likely to fly but now it is time to give it a more specific shape. In business model development, business ideas are sketched and defined as a framework of the key functional elements that will be required to pull off the concept in question. Different businesses may call these key elements differently but the essence is the same:

·         Value propositions (UVP) to be offered

·         Key activities of the value chain

·         Internal and external resource and capability necessities

·         Customer segments and Customer relationship

·         Key partners in the value chain

·         Major costs

·         Revenue streams

·         Distribution and channel

Business models provide a distinct and comprehensive picture of how the proposed enterprise is going to create and deliver the envisioned value propositions. Given the state of intense competition in the online jewellery retail space in cities like Dubai, Abu Dhabi, Riyadh, Muscat, Doha, Kuwait City, and Cairo, it is recommended that value propositions are unique and not easily replicable for sustained success. In striving to be unique, it is advisable to be cautious with business-related nomenclature. For example, in exploring jewellery online store name ideas, it is a good idea to understand the meaning and relevance of the selected words or taglines in the local context.

Financial and Commercial Assessments

Financial and commercial assessments are an indispensable component of both offline and online jewellery business planning. Apart from serving as a guide to decision-making, these assessments help keep the enterprise-wide financial management of an entity in a controllable state. Without these assessments, it can be difficult to keep a check on big and small expenses and the utilisation of funds or revenues. This control is necessary to secure both long and short-term financial sustainability. These financial and commercial assessments play a vital role in achieving the milestones of profitability, investments, and the build-up of important funds and reserves.

Some of the key areas of study in the ambit of financial and commercial assessments are CAPEX and OPEX requirements, demand forecasts, purchase planning, pricing and margin analysis, sales forecasts, projected cash and fund flow statements, estimated P/L statements, ROI and break-even analysis, financial ratios, working capital management, and other relevant variables of financial management as applicable.

Operations Planning for Online Jewellery Businesses

As experienced omnichannel consultants, YRC maintains that the operations planning for online businesses are different from their brick-and-mortar counterparts. Each channel comes with its own set of complications and tactics to become perfect at it. Also, the general tendency for customers is to expect online brands to be more efficient and effective with their operations which ultimately shows up in the quality of order fulfilment.

To create a robust operations framework and consistently maintain superior standards of service, startups must keep operations planning under consideration from early on. Early emphasis on operations helps identify more areas to improve it.

Coming to planning for routine operations, SOP consultants of YRC highly recommend online jewellery startups to become process-oriented enterprises right from the word go. Without process orientation and SOPs, it gets extremely challenging for eCommerce businesses to consistently meet the objectives of product quality, service expectations, and operational standards.

Decision on ECommerce Platform

The eCommerce platform is the framework of digital technology infrastructure based on which the two core activities of the trade take place i.e. buying and selling. This decision is important because it determines what online or digital capabilities an eCommerce business will have to facilitate the exchange of goods (and services). It essentially covers the front-end and back-end software and hardware technologies required for eCommerce.

To identify a suitable eCommerce platform for online jewellery business, it is important to first draw the bridge between business and technological requirements. For example, building own infrastructure gives absolute control over customer experience but it is also the most expensive way to do it. In the eCommerce platform selection strategy, businesses can either go for this option (On-Premises) or avail external eCommerce platform services (SaaS, PaaS, and IaaS).

Read: Starting a Jewellery Business Online: The Third Part

About Your Retail Coach:

Your Retail Coach (YRC) is a boutique retail and eCommerce consulting brand with 10+ years in business in delivering enterprise startup and management solutions. With a scaling international footprint, including in the Middle East, YRC has served more than 500 clients in 25+ verticals. In online jewellery business consulting, YRC offers planning and implementation services and solutions for enterprise setup and growth and expansion endeavours.

Get advise for E-commerce retail business : https://www.yourretailcoach.ae/contact-us/

[klubwork]

Effective Methods for Securing Funding for Start-Up Businesses

Securing adequate funding for startup businesses is a critical step in transforming innovative ideas into successful ventures. Entrepreneurs need to adopt effective strategies to attract investors and secure the necessary financial support. Here are some key methods to consider to get fund for startup.

1. Crafting a comprehensive business plan

A well-crafted business plan is the cornerstone of any successful funding strategy. It serves as a roadmap for the business and a persuasive tool to attract investors. A comprehensive business plan should include the following elements:

Executive summary

The executive summary provides a snapshot of the business, outlining the mission statement, product or service, and key financial projections. This section should capture the essence of the business in a concise manner.

Market analysis

Understanding the market landscape is crucial. This section should detail the target market, industry trends, and competitive analysis. A thorough market analysis demonstrates to investors that the entrepreneur has a deep understanding of the industry and its dynamics.

Marketing and sales strategy

A clear marketing and sales strategy outlines how the business intends to attract and retain customers. This includes pricing models, distribution channels, and promotional activities. A robust strategy reassures investors of the business’s growth potential.

Financial projections

Accurate financial projections are essential for securing funding for business start up. This includes profit and loss statements, cash flow forecasts, and balance sheets. Financial projections should be realistic and backed by data to build investor confidence. This helps in the overall strategy to get fund for startup.

2. Building a strong network

Networking plays a vital role in the funding process. Establishing connections with industry professionals, mentors, and potential investors can open doors to funding opportunities.

Attending industry events

Industry conferences, seminars, and networking events are excellent platforms to meet potential investors and partners. These events provide opportunities to pitch the business idea and gain valuable feedback.

Joining entrepreneurial communities

Entrepreneurial communities, both online and offline, offer a wealth of resources and support. Joining such communities can provide access to funding resources, mentorship, and collaboration opportunities.

Leveraging social media

Social media platforms like LinkedIn are powerful tools for networking and building relationships with potential investors. Regularly sharing updates about the business and engaging with industry influencers can increase visibility and attract interest.

3. Utilising startup funding websites

Startup funding websites are invaluable resources for connecting entrepreneurs with investors. These platforms streamline the process of finding and securing funding for start up businesses. Klub is one such growth enablement platform that helps startups at various stages(early, growth, & late) in scaling by providing flexible funding solutions through different capital structures for recurring marketing, inventory, and capex expenses.

4. Highlighting the Unique Value Proposition

Investors are always on the lookout for startups with a compelling unique value proposition (UVP). Clearly articulating what sets the business apart from competitors can make a significant difference in securing funding for start-up businesses.

Solving a real problem

A UVP that addresses a real and pressing problem is highly attractive to investors. Demonstrating how the product or service solves this problem can make a strong case for investment.

Demonstrating market demand

Providing evidence of market demand, such as customer testimonials, pre-orders, or user growth metrics, can bolster the UVP. Investors want to see that there is a proven need for the product or service.

Showcasing innovation

Innovation is a key driver of investor interest. Highlighting any unique features, technologies, or business models can make the startup stand out and attract funding for business start up.

Conclusion

Securing funding for start up businesses involves more than just having a great idea. Crafting a comprehensive business plan, building a strong network, utilising startup funding websites, and highlighting a compelling UVP are essential steps in attracting investors. By adopting these effective methods, entrepreneurs can enhance their chances of securing the financial support needed to turn their vision into reality.

[govindhtech]

Dell ProSupport Plus for AI-powered self-healing PCs

Dell ProSupport Plus Features

Dell AI-powered technology, automated self-healing processes, and effective support keep redefining the foundation of support you’ve become accustomed to. The Dell ProSupport Plus for PCs enables IT admins automate and customise PC support to prevent fleet downtime and keep employees productive and pleased.

AI-powered self-healing

Use a collection of scripts to automate processes and fix problems throughout your fleet.

Create and distribute customised update catalogues for the Dell BIOS, drivers, firmware, and apps automatically.

Automatically identify and fix problems before they cause problems for your staff

Check the condition of your fleet and devices

View your fleet holistically from a single dashboard.

Examine problems with a specific computer.

Use utilisation metrics to identify trends.

Identify the causes of problems and implement fixes for the whole fleet. based on the outstanding assistance provided by Dell

Get access to in-region ProSupport experts, onsite next-business-day service powered by AI, and optional coverage for unintentional damage and the option to keep your hard drive if it needs to be replaced.

Take advantage of having a dedicated Service Account Manager as your single point of contact for planning and reporting on your account.

Latest Self-Healing PC

The PC has reaffirmed its position as being essential to how organisations and end users rely on cutting-edge technology, and Dell Technology is well-positioned to lead the way into an era of AI-led transformation. It is imperative to make sure that this mainstay of worker productivity is constantly operational, particularly in times of restricted finances and when IT teams are faced with the task of supporting a mixed workforce.

The modern PC is more complex and highly customised, necessitating enhanced support services that are meant to yield constant productivity. Businesses are looking for services that leverage the same telemetry-based and AI capabilities that power PCs. Additionally, when they profit from the value that their service offers, they wish to pay for them gradually.

Current Difficulties

Following are some of the most typical support queries that clients have brought to Dell Technology’s attention:

Owing to its vast installed base and diverse workforce, Dell Technology need access to AI-based support tools that can identify and resolve issues before they become serious ones.

It is imperative that Dell Technology utilise CapEx to maximise hardware purchases. We have more flexibility in managing our cash flow and budget when we use OpEx to pay for support services.

For the benefit of Dell employee personas, Dell Technology prefers to purchase standard items and services. Dell procurement procedures are best suited for doing this directly from vendors online.

At this turning point, a large number of Dell customers are being forced to upgrade the PCs they bought at the start of the pandemic. In order to future-proof their purchase, many are going with configurations that have AI capabilities. They would like to spread out the cost of PC support throughout the course of the device’s lifetime, given the unstable state of the economy.

PC Support Subscriptions The Silver Bullet

Customers can choose how they want to pay and have peace of mind with Dell term-based subscriptions for Dell ProSupport Plus and ProSupport Flex. Dell ProSupport Plus for PCs provides the most feature-rich functionality in a single solution, eliminating the need for service stacking. Additionally, only Dell, a well-known PC manufacturer, provides independent commercial support services through a subscription-based business model. Dell assists in keeping end users up and running and provides organisations with predictable support expenses. Customers choose the subscription term and billing cycle that work best for them.

This is the operation of the term-based subscription model:

Get the gear and sign up for a Dell ProSupport Plus or ProSupport Flex membership.

Select the option for either annual or monthly billing.

Utilise a customer portal to manage subscriptions.

In order to keep devices covered, subscription auto renews (optionally) at the conclusion of the term.

Automation with Proactive Monitoring and Self-Healing

Support Assist technology powers the telemetry and AI-driven features of Dell ProSupport Plus and ProSupport Flex. Recently, Dell Technology disclosed Dell’s automated self-healing capabilities. Customers may improve PC performance and fix a range of PC problems with self-healing automation; end users can minimise interruptions and downtime and IT can take a backseat.

Networked PC telemetry data sets off systems that proactively identify issues. Tasks are automated and problems like blue screen failures and heat difficulties are fixed with a library of Dell-authored scripts. More scripts will be added to this expanding range of features by Dell Technologies over time.

Purchase and use with ease

Customers of Dell increasingly tell us that they would rather make purchases online, allowing them to configure goods and services and create bids that require internal clearances before committing to a deal. Furthermore, ProSupport Flex and Dell ProSupport Plus memberships can now be bought via the Dell B2B portal Dell Premier. The Dell sales force is still accessible to help with the procedure if necessary. At this point, you can privileges:

A handy motion for online purchases.

You can balance your cash flow with predictable support charges.

AI-powered assistance services that cut down on lost time and output.

Customer satisfaction ratings for Dell customer service are consistently well above 90%. Dell Technology is thrilled to augment its products with artificial intelligence (AI) driven self-healing automation and offer them for online purchase through a subscription model.

Concentrating on your controllable aspects is crucial for success, as any business leader is aware. Uncertainty coming from macroeconomic reasons does not fall under that category. It is definitely worth selecting Dell as your partner to guarantee that your staff members have access to state-of-the-art equipment and full support.

Read more on Govindhtech.com

[edrupt1]

Lumax Industries Q3FY24: Illuminating the Road to Strong Capex-Led Growth

Sector Outlook – Positive

In the third quarter of FY24, Lumax Industries Ltd. (LIL) performed better than expected, with revenue reaching Rs. 640 crores, up 9% from the previous year. This growth was driven by the recovery in the two-wheeler segment and sustained demand from the passenger vehicle segment, especially SUVs. 

However, the EBITDA margin contracted to 9.22% due to the commissioning of a new plant in Pune and higher staff costs. Despite this, the company remains optimistic about revenue growth, particularly from the new Chakan plant and increased revenue share from key customers like Maruti Suzuki, Mahindra & Mahindra, and Tata Motors. 

LIL is also focusing on increasing its LED revenue share, which has grown from 25% to 35% over the last five years, with plans to further increase it to 50%.

Concall Highlights

The interim budget allocated Rs. 3,500 crore for promoting the EV industry, boosting hopes for its growth.

The two-wheeler segment is growing steadily, driven by rural demand, but commercial vehicles are struggling.

Challenges in the tractor segment persist due to delayed monsoons.

There is optimism for the passenger vehicle and two-wheeler sectors, with a strong outlook and increasing EV adoption.

LED lighting contributed 36% of total revenue, while conventional lighting made up 64%.

Front lighting accounted for 66% of total revenue, rear lighting 25%, and other products 9%.

The passenger vehicle segment contributed 67% to total revenues, two-wheelers 27%, and commercial vehicles 6%.

The Chakan plant in Maharashtra began producing automotive lighting in November 2023, focusing on new business from M&M and Tata Motors.

Revenue growth in Q3FY24 was limited (Rs. 20 crores) due to fewer working days, but Q4FY24 is expected to improve, targeting a monthly revenue of Rs. 30 crores.

Phase-1 of the plant is expected to reach 70-75% utilisation by the end of Q4FY24, with Phase-2 expansion starting soon for full commercialization by FY26.

The current order book is worth Rs. 2,200 crores, with 64% from new business and EVs accounting for 34% of this.

LED lighting orders make up 85%, with around 70% expected to start production in FY25, leading to significant revenue growth from FY26.

FY24 revenue guidance expects 15% growth (Rs. 2,600 crores) with margins exceeding 9.3-9.5%.

FY25E is poised for stronger double-digit growth, estimated at ~20%, with margins expected to reach at least 10%.

After Phase-1 and Phase-2 expansions at the Chakan plant, peak revenues are projected to reach Rs. 900 crores.

The expansion will increase capacity by 30%, leading to a 50% boost in revenue, with Phase-2 starting operations in Q3FY25.

Lumax secured orders for Maruti’s first EV model, expected by year-end, and is in talks for a potential second model in FY26.

Financially, capex for FY24 is expected to reach around Rs. 280 crores, with an ETR of 31% and net debt of Rs. 560 crores for the first nine months of FY24.

Valuation and Outlook

In the third quarter of FY24, Lumax Industries Ltd. showed impressive growth with a 9% increase in revenue compared to the previous year. This growth was mainly driven by higher sales in the 2W segment and steady demand in the PV segment, especially for SUVs. Looking forward, the company expects this positive trend to continue, supported by increased 2W sales, a rise in electric vehicle (EV) adoption, advancements in driving technology, and changing trends in automotive lighting design. 

The management anticipates significant industry expansion after the second half of FY25, despite possible capacity constraints. Operational efficiencies and better raw material consumption led to improved gross margins, with further enhancements expected as new plants become operational. Lumax is focusing on cost reduction measures like part localization and in-house manufacturing to boost margins. 

Phase 1 of the new plant is expected to be 70-75% utilized by Q4FY24, paving the way for Phase 2 expansion by Q3FY25. The company is also working on reclaiming lost market share and expanding its client base, especially in the EV segment. Lumax’s strong relationships with OEMs, coupled with its strategies for margin improvement and client diversification, are expected to drive significant revenue growth from FY25 onwards.

[helloabhius]

Beyond Traditional Software: Embracing the B2B SaaS Revolution

Businesses used to purchase software licences from suppliers and install them on their servers in the past. A significant upfront investment in software was required of enterprises, making this a capital expenditure (CapEx) strategy.

However, operational expenditure (OpEx), or the subscription model for software, has become more and more popular among organisations in recent years. Businesses use OpEx and pay a monthly price for access to software, which is considerably more adaptable and expandable.

Business to Business Software-as-a-Service (SaaS) is a particular kind of OpEx software paradigm. This enables companies to access software programs over the cloud. Thus, companies are relieved of the responsibility of setting up and maintaining software on their servers.

Two of the most often used words in the commercial IT sector are B2B and SaaS. But what do they really mean? And what distinguishes them?

The acronym B2B means "business-to-business." Any business-to-business transaction is referred to as such. Sales of products, services, or even information may fall under this category. SaaS, or "software as a service," is used here. It describes a method of delivering software in which consumers access the software online while it is hosted and controlled by a third party provider.

What distinguishes B2B and SaaS?

The primary distinction between the two is that SaaS is a particular kind of software delivery model, whereas B2B is a general word that refers to any transaction between two firms.

Another distinction is that SaaS transactions solely involve the selling of software, but B2B transactions may also entail the sale of tangible commodities.

Finally, because they frequently involve numerous parties and different contracts, B2B transactions are typically more complicated than SaaS transactions.

When is B2B appropriate?

If you are offering products or services to other companies, you ought to use B2B. Anything from manufacturing machinery to marketing services could fall under this category.

If you need to manage complicated transactions involving several parties, B2B is another excellent choice. For instance, you will need to be able to manage contracts, invoices, and customer support if you are selling software to a big business.

When should one use SaaS?

If you offer software to other companies, SaaS is something you should consider. Anything from CRM to accounting software may fall under this.

If you need to give your consumers subscription-based access to software, SaaS is another excellent choice. This is due to the fact that SaaS providers normally handle all maintenance and upgrades, leaving your clients worry-free.

Which One Fits You Best?

The best method to choose between B2B and SaaS is to take your unique demands and objectives into account. The best option for you is probably business to business if you're selling tangible products or services. SaaS may be a better option if you are selling software, though.

The best method to choose, in the end, is to ask your customers what they prefer. Consider following your clients' lead if they are already utilising SaaS. The advantages of this distribution model may need to be explained to your consumers if they are unfamiliar with SaaS.

Well-known B2B and SaaS businesses 

The organisation's target clients in B2B are other businesses. Their products assist in resolving problems that develop during the client journey. For instance, Hubspot, an all-in-one SaaS company that carries out B2B product marketing, is a good example of a platform that focuses on customer relationship management (CRM) platforms. 

In contrast, firms sell goods or services to corporate companies in the case of SaaS. Depending on the needs of the business, it might be entirely B2B, wholly B2C, or perhaps both. 

The list below includes a few B2B businesses with well-known topic knowledge. 

Slack 

A real-time communications software program is called Slack. It connects co-workers in order to monitor task management, productivity, and idea generation. 

HubSpot 

HubSpot is an inbound marketing and sales platform that helps businesses draw customers and turn leads into sales. By giving clients opportunities to improve their experience, it helps visitors draw in and further convert leads.  

Salesforce 

The customer relationship management (CRM) tool Salesforce provides information about interactions with customers in every relevant department, such as the sales team. 

The benefits of B2B and SaaS 

SaaS e-commerce is a practical approach for new and small companies to begin selling products online. SaaS eliminates the requirement for you to hire a group of programmers or IT specialists to set up your online store. Your store will be created for you by the merchant when you pay a subscription fee. After that, you may launch marketing campaigns and start adding products straight immediately.

The main benefit of SaaS is how quick and simple it is to get started. This is a big convenience for companies who need to launch quickly. SaaS is another affordable choice because you just pay for the capabilities you use.

Other B2B SaaS services, such office software, utilize the same methodology.

Marketing Techniques for B2B SaaS 

The journey a buyer takes when using B2B SaaS is distinctive in and of itself. It necessitates a distinct marketing approach from that used by B2C businesses. SEO is a tactic that has proven to be useful. 

Search Engine Optimization (SEO) 

The goal of SEO is to increase traffic by creating channels for conversions. SEO achieves this. Placing the website in front of customers who are looking to purchase the goods and services is a key component of B2B SEO strategy. In turn, this improves both the websites' and search engines' rankings. 

Google's algorithm is based on both the CTR and broad search. When we use the search bar to look for anything, the first result on Google is 10 times more prominent than the tenth result.   

B2B SaaS Software 

Firms utilise cloud-based software to manage their sales to other firms. It provides a variety of capabilities for eCommerce business tasks and is paid for on a subscription basis.

Office software, e-commerce software, computer design software, accounting software, and business intelligence software are just a few examples of the several categories of B2B SaaS applications. The most popular category is office software, which is dominated by Google Workspace and Microsoft Office 365.

B2B SaaS software is quickly gaining in popularity because it provides firms with a number of benefits over conventional on-premises software.

These benefits consist of:

Scalability: Software may be readily scaled up or down to match a business's demands thanks to scalability.

Cost-effectiveness: Software often has a higher cost-effectiveness than conventional on-premises software.

Up-to-date: Software is frequently updated with the newest features and security updates, keeping it current.

B2B SaaS software is a fantastic choice if you are a business searching for a cloud-based software solution to manage your sales to other firms. It has a variety of functions, is scalable, economical, and modern.

Conclusion 

Two of the most well-liked commercial IT models are B2B and SaaS. The best model for your particular needs must be chosen because both have benefits and drawbacks.

According to predictions, 88% of businesses would be entirely dependent on B2B SaaS by 2030, while the public SaaS industry will increase to $90 billion by 2050.

[fleetroot-blog]

7 Benefits Of Using A Single Unified Platform

Change is unavoidable, and the world of technology is possibly the clearest example of this. In recent years, a major illustration of this has been the introduction of "Cloud Technology" and the rising usage of a centralised Unified Platform.

Reduced CapEx, the benefits of a monthly subscription, the flexibility of upgrades and downgrades, substantially enhanced data analytics, MIS, and better decision-making to drive business growth and profitability are all advantages of such a unified system.

Several sectors, including Logistics and Supply Chain Management, Online Marketing, CRM, Accounting and Finance, and Vehicular Fleet Management, have benefited from the quick adoption of this technology.

The Arrival of Unified Platforms and Cloud Computing

The World of Technology evolves swiftly, and recent years have seen the emergence of game-changers like "Cloud-Technology".

Several conventional services, like as accounting, tax and finance, logistics, and human resources, have been rapidly transferred to cloud-based servers via the current "SaaS" (software-as-a-service) Model.

The SaaS model offers various advantages for both the client and the customer:

The monthly subscription model allows businesses to buy only what they need, allowing them to increase or downgrade as needed. Big Data: The era of Big Data has arrived, with far more data available for study. Modern data analytics, ML (Machine Learning), and AI may now assist businesses (Artificial Intelligence). Unified Platforms and Cloud Technology have also benefitted other sectors.

The following are the top seven reasons that businesses gain from such centralised operations:

Centralized Data Management and MIS: A legacy-version "integrated" paradigm results in a plethora of data-sources generating data across several distinct platforms.

A centralised platform, on the other hand, employs a single source of data and a single login. This increases safety, promotes efficiency (report production, utilisation, and data sharing), simplifies usage (different levels of access based on demands), and provides firm management with a comprehensive view of the whole operation.

Company leadership has deeper insights and may make better business choices as a result of improved MIS and data analytics.

Centralized, Cloud-based Server: Perhaps the most essential advantage of having one centralised tool is that you can receive, gather, and analyse data from a single, centralised location. Firms may dramatically increase their effectiveness, safety, and speed of operation by reducing the need to move between various applications, vendors, servers, and APIs.

This promotes the integration of all (or most) functionalities, resulting in a "single-source user experience" that is simplified, defined, and efficient for the user.

Reduce Costs, Increase Revenue: Using an integrated unified platform to manage your operations puts you on the road to cost and revenue optimization (efficiency).

Cost: Purchasing many subscriptions from different suppliers, each with their own fees, prohibits enterprises from obtaining the best bargains owing to a lack of (economies of) scale.

These monies would be better preserved and invested in other areas of the company. Another notable advantage of current cloud technology is the popular monthly price structure (Opex versus Capex) of a centralised platform.

Revenue: Managing your operations from a single location that holds all of your data allows for increased efficiency, deeper insight, better collaboration, and empowered decision-making. This helps firm management to make better judgements in order to increase revenue.

Scale: One of the most significant advantages of automation is its ability to scale. One of the most significant barriers to rapid business growth and scale is when a company has several disconnected processes that become even more difficult to integrate as the volume of business (number of transactions, stakeholders, team members, data generated, geographies covered, value of business conducted) grows. If you have the good fortune of scaling quickly, you have an equal problem to match!

As a result, whether a company is small, rapidly developing, or already a major corporation with extensive activities, employing a centralised, one-point platform will not only provide you with a holistic perspective of the complete operation but will also allow you to stay on top.

6. Security: The business cost of the “average” fraudulent data breach in 2020 was estimated to be nearly $4mn. With hackers becoming increasingly sophisticated, the high levels of security that a centralized platform offers is no longer a luxury but has become most essential.

7. Infrastructure: large unified cloud-based offerings essentially offer benefits via the modern “service-based-models” – in this case, as a “platform-as-a-service” model. This makes it much easier for firms to manage their servers, infrastructure, service and maintenance, upgrades, (etc).

 By doing this, firms can eliminate the different hosting platforms that each vendor uses, eliminate complicated firewalls which create complex models and often result in snags.

Unified Platforms: Enabling Modern Tech-Tools like GPS-enabled Fleet Tracking Software:

An area where modern unified cloud-based platforms have created immense benefit for companies is in the field of Vehicular and Transportation Fleet Management.

These cloud-based, GPS-enabled fleet tracking systems are flexible enough to fit the requirements of all fleet sizes and can be customized for individual dynamics. Some benefits include:

Plan vs Actual: record actual performance of your drivers and vehicles as against assigned metrics across trip details, compliance, safety, and violations.

Notifications, Updates: communicate with your users (drivers) on the go via notifications and messages.

Vehicle Performance: detailed data collection and analytics about fleet performance help in monitoring and maintenance of your vehicles for best performance and vehicle longevity.

Driver Performance: track the driver behavior of all your drivers individually and as a group. Analyze driver logs for performance such as timeliness, safety adherence, speeding, fuel consumption (etc).

Read More about 7 Benefits Of Using A Single Unified Platform

[newsclick01]

Finance Minister Reviews Capital Expenditure in

Finance Minister Reviews Capital Expenditure in

Finance Minister Nirmala Sitharaman reviewed capex plans of civil aviation and telecom sectors Aiming to boost capital expenditure of major infrastructure sectors like civil aviation and telecom, Finance Minister Nirmala Sitharaman on Monday undertook a review meeting with the senior officials of both the ministries. Underlining the need for fast tracking infrastructure development, she said…

[sidnazpro2020]

Latest News Today - 'Greater Capex To Play Crucial Role In Revitalizing

Latest News Today – ‘Greater Capex To Play Crucial Role In Revitalizing

Finance Minister Nirmala Sitharaman chaired the virtual meeting with senior government officials While reviewing the capital expenditure performance of the key ministries and their central public sector enterprises or CPSEs today, Finance Minister Nirmala Sithraman emphasized that an enhanced capital expenditure or capex will play a crucial role in economic revival after the COVID-19 pandemic.…

[go-21newstv]

Coal India Capex Utilisation Exceeds Rs 8,000 Crore Till December

Coal India Capex Utilisation Exceeds Rs 8,000 Crore Till December

The Maharatna PSU had spent Rs 5,023 crore till September in this fiscal year Despite its cash-flow issues, Coal India has already spent over Rs 8,000 crore as capital expenditure (capex) till December 2020 in the current fiscal, and is looking to meet a revised target of Rs 13,000 crore of such expense by the end of FY’21, an official said on Sunday. The capital expenditure target for the…

[tradeniveshinvestmentadvisor]

Market Live: Nifty flat in pre-opening | Trade Nivesh

Trade Nivesh | Sensex up 100 pts   rupee opens higher

Trends on SGX Nifty indicate a negative opening for the broader index in India.

Rupee Opens: The Indian rupee opened higher by 11 paise at 69.41 per dollar on Monday versus Friday's close 69.52.

Market at pre-open: Indian indices are trading flat with positive bias in the pre-opening session.

At 09:00 hrs IST, the Sensex is up 38.26 points or 0.10% at 39472.98, and the Nifty up 31.10 points or 0.26% at 11875.20.

Morgan Stanley on IGL

Overweight call, target at Rs 351 per share

Reported Q4 earnings that beat our EBITDA estimate & consensus by 9%

Nomura on IGL

Maintain buy rating, target at Rs 400 per share

Q4 ahead driven by solid 17% volume growth

Jefferies on IGL

Buy rating, target at Rs 340 per share

Volume growth stronger than expected; margin below estimates

Kotak Institutional Equities on IGL

Sell rating, target raised to Rs 260 from Rs 250 per share

Raise EPS estimates by 3-4%

Deutsche Bank on IGL

Buy rating, target raised to Rs 375 from Rs 360 per share

CNG volume growth highest in 28 quarters

Nomura on Ashok Leyland

Neutral call, target raised to Rs 97 from Rs 90 per share

Valuations factor in the downcycle; next upcycle unlikely before FY22

CLSA on Ashok Leyland

Sell rating, target at Rs 65 per share

Q4 volumes rose 1% YoY, while EBITDA fell 5% YoY

UBS on Ashok Leyland

Sell rating, target at Rs 80 per share

Profit ahead of consensus on utilisation of tax credit from LCV biz merger

Outlook for FY20 & 21 growth is muted

Kotak Institutional Equities on Ashok Leyland

Maintain buy rating, target cut to Rs 130 from Rs 140 per share

Stock valuations are attractive at 11x FY20e EPS

Expect company to deliver 6% EBITDA CAGR over FY19-21

Jefferies on Whirlpool

Hold rating, target cut to Rs 1,560 from Rs 1,625 per share

Steady quarter; positives priced in; key risks prevail

CLSA on Dish TV

Retain buy rating; target cut to Rs 60 from Rs 70 per share

Migration impacts ARPU & additions; Essel group deleveraging a must

Cut estimates by 1-9% to factor in Q4 performance

Kotak Institutional Equities on JSW Steel

Maintain reduce, target cut to Rs 255 from Rs 265 per share

Good quarter but a challenging year ahead

Kotak Institutional Equities on Whirlpool

Maintain sell call, target at Rs 1,220 per share

Expect 12% EPS CAGR over FY19-21

Cut FY20-21E EPS estimates by 4-5%; sell stays on expensive valuations

Deutsche Bank on Grasim

Buy rating, target at Rs 1,075 per share

Q4 result disappoints on weaker margin

Credit Suisse on Ashok Leyland

Maintain neutral, target at Rs 94 per share

Q4 In-line; pre-buy to provide a near-term trigger

Credit Suisse on Page Industries

Downgrade to underperform from neutral, target cut to Rs 18,700 from Rs 23,221 per share

Q4 results significantly below estimates; profit declines 20.4% YoY

CLSA on IGL

Maintain buy rating, target at Rs 390 per share

Record volume growth across segments drives beat

CLSA on JSW Steel

Sell rating, target at Rs 225 per share

Margin outlook weak while capex is rising

CLSA on NCC

Buy rating, target raised to Rs 145 from Rs 140 per share

FY19 PAT up 91% YoY, but politics drive no guidance

CLSA on NTPC

Buy rating, target at Rs 157 per share

Double-digit PAT growth led by lower under recoveries & surcharges

[watertankscleaning5-blog]

Efficient Tank Cleaning

شركة نظافة خزانات بالرياض

The cleaning of tanks and vessels is often an overlooked source of inefficiency in the manufacturing process. As an "unglamorous" and non-core process the true cost of cleaning is often neglected. However, with some thought significant efficiency gains can be achieved. As will be seen these efficiencies come from a combination of the 4 key elements of the cleaning process i.e. time, mechanical action, heat and chemical action. The focus of this article is on how quick wins can be achieved by improving the mechanical action element of the cleaning mix.

شركة نظافة خزانات بالرياض

The balancing act - Any cleaning application has four components that contribute towards effective cleaning.

1- Time. The longer the cleaning if performed the greater the cleaning.

2- Chemicals. This is the dissolving effect of chemical cleaning fluids including water.

3- Mechanical action. This is physical action of the cleaning spray to dislodge residue.

4- Heat. Generally the hotter the cleaning fluid the better the cleaning action.

Increasing any of these 4 components will improve overall cleaning but there will be a cost associated with each. The cost of each of these elements will differ depending on application and there may well be other constraints in place. For example in food processing applications there will be limit on the types of chemical that can be applied.

The differential cost of each element is the key to efficient cleaning. Optimising the mix of elements is the process of increasing one element of the mix that has a lower cost (e.g. mechanical action) so that another element that has a higher cost (e.g. heat) can be reduced. The net cleaning power will remain the same but the cost associated with the cleaning process will be reduced.

Absolute efficiency gains Whilst overall efficiency can be gained by reconfiguring the contributions from each element it is clearly beneficial to strive for efficiencies in each element. If, for example, a cheaper method of heating can be found then this element in its own right becomes more efficient, and thus the whole process is more cost effective.

An absolute gain in one element, however, might be better utilised by reducing the contribution from another more costly element. For example, if a more efficient heating method were found then either heat could be maintained at the current level for a lower cost OR heat could be increased for the same cost. If heat is increased then perhaps time could be reduced whilst keeping overall cleaning power at the same level. If the opportunity cost saved by reducing cleaning cycle time is greater than the savings made by improved heating efficiencies then this configuration is optimum. In other words a gain in efficiency in one element is not always best deployed in that element.

Maximising gains In order to leverage hard won efficiency gains its is sensible to consider how they are best deployed and how they might be used to re-configure the cleaning elements mix.

The importance of water efficiency - Water is money. The true cost of water is often under appreciated.

- Raw utility bill cost per m3 of water

- Cost of filtering and sanitising if recycling wash off - Cost of caustics or other cleaning fluids

On top of this if we reduce the water needed to clean we can

- Lower Pump running costs (electricity) - Lower Maintenance costs - Longer lifetime for the pump. - Potentially use a smaller pump (reduced capex)

As the cost of energy and water are both increasing, and likely to continue to increase, reductions in water usage have significant financial benefits to any organisation. Further more the green / environmental benefits are seen as a moral imperative by many organisations. Future green legislation is only likely to increase the need for more efficient water usage.

The importance of time efficiency - Time is money. It may be a cliché but it's still true. The time spent cleaning between production runs, whilst necessary, still represents downtime. The opportunity cost associated with this downtime will vary greatly depending on the application, but in almost all cases a reduction on cleaning cycle time will have a direct financial benefit.

Chemical and heat efficiency - Generally there will be limitations on each of these elements. Perhaps more importantly both elements have very rapidly diminishing returns after a certain point. For example, the cost associated with raising cleaning temperatures from 60o - 70o is unlikely to be worth it for most applications. It is likely that chemical and heat action will be the elements that are reduced in any efficiency drive. The typical scenario is that improved mechanical action will result in the reduction of chemical usage or lowering the temperature of cleaning.

When performing these savings calculations it is important to remember the true cost of heat and chemicals. Heat is relatively simple to calculate as it is essentially an energy cost but consideration should be given to maintenance spares and overall capex vs working life of the heating system. The cost of using chemicals should obviously include the raw cost of the chemical but also the cost of disposal of spent chemicals and recycling plant costs (if used).

The Quick Win - Often the simplest absolute efficiency gains can be found by improving the mechanical action element of the mix. These gains can then be deployed to reduce other elements of the mix, if this is appropriate.

The importance of spray nozzle selection

For any impact cleaning process water serves two purposes. Firstly it acts to dissolve residue - this is part of the chemical element of cleaning mentioned above. More importantly, however, water is the mechanism by which the mechanical action element is delivered. The efficiency of a water spray for delivering mechanical energy for cleaning will be greatly affected by the nature of the spray and thus the nozzle used.

Improving the efficiency of mechanical action - Mechanical action is essentially the process of transferring energy from a pump to the surface to be cleaned via water. As with all energy transfer systems efficiency is less than 100%. Much energy is wasted but by reducing this waste through improved nozzle selection we can significantly improve the efficiency of the tank washing system. If this is achieved then we can reduce the amount of energy/water used and achieve the same level of mechanical action.

Effective nozzle selection will obviously not directly affect pipe friction losses but it will affect losses of energy through fluid atomisation and turbulent flow.

Fluid atomisation

The process of breaking apart a fluid into droplets to form a spray pattern uses energy. This, once used, is then not available for cleaning the surface in question. The benefits of an atomised spray are that it can be formed into a full cone or flat fan pattern delivering the spray to a larger area, but this means that the overall energy transfer will be less due to the energy used in the process of atomisation.

Turbulence

Further energy will be lost in atomised sprays due to turbulent flow. In flat fan or full cone spray patterns the droplets are moving in a less uniform direction than in a solid stream of water. Whilst the whole fluid has a definite direction the individual droplets will have a random, turbulent, element to their motion. This effectively wastes energy meaning the overall transfer of energy in full cone and flat fan patterns is much lower than in solid stream nozzles.

So the most efficient spray system would be solid stream jet followed by a flat fan spray pattern and finally a full cone pattern (omni-directional spray nozzles can be considered as 360° full cone nozzles). Indeed the efficiencies gained can be considerable it is not untypical to require 10 times less water per square meter being cleaned. The drawback of solid stream cleaning systems is that they require a defined wash cycle time to cover the whole of the tank. This could increase clean cycle times thus adding to the cost associated with the time element of the cleaning process.

Designs of tank washing nozzle

Spray Balls

These nozzles are spheres with multiple holes producing an omni-directional spray. Whilst the individual jets may appear to be solid stream spray patterns, in actual fact, when considered together, they are better approximated to cone pattern. In terms of overall energy transfer efficiency spray balls are very inefficient. They do, however, have the advantage of being very cheap and can deliver a low impact rinse more or less instantly to the whole container.

Typical uses would include: rinsing of milk storage tanks, rinsing of fruit juice tanks, disinfecting rinses. For anything other than very light cleaning applications in small containers though it is likely that efficiencies can be gained by changing from spray balls.

Spiral Wide angle nozzles

These nozzles produce a "cone" of spray up to 270° wide. This makes them suitable for cleaning tanks by inserting them towards the top of the vessel. The spray is cone and thus inefficient at energy transfer but nevertheless offers significantly greater impact than spray balls per volume of water used. Spirals should be considered for low impact cleaning of small tanks.

Typical uses would include: rinsing and washing fluid containing vessels, rinsing of vessels containing soluble powders,

Multi-headed nozzles

Various nozzle manifold tank cleaners exist on the market. Several full cone nozzles will be positioned on a single head giving an omni-directional spray. Because multiple nozzles are being used to produce more direct sprays the impact per volume of water is increased. However the individual sprays are still full cones and thus inherently inefficient. Such systems are suitable for small-medium sized tanks that require light to moderate cleaning.

Typical uses would include: rinsing and washing fluid containing vessels, rinsing of vessels containing soluble powders,

Rotary Flat Fan Nozzles

These nozzles will have several flat fan sprays that rotate under the pressure of the fluid. The rotating flans will sweep the whole of the tank. As with static nozzles complete coverage happens only after a few moments but the nozzle spray will need to be working for while before any significant residue is removed. As a flat fan pattern is being used there is a moderately efficient energy transfer resulting in a medium impact cleaning spray.

These nozzles are often the most efficient choice for small to medium sized tanks that have moderately stubborn residues to remove.

Cleaning wine barrels, cleaning fermenting tanks, cleaning storage tanks of viscous fluids (e.g. syrups)

Rotary solid stream

These nozzles have 2,4 or 8 solid stream jets which rotate sweeping the inside of the tank. A gearing mechanism changes the angle of the rotation so over time complete cleaning of the tank is achieved.

These nozzles are by far the most energy efficient tank washers due to the solid stream jets being deployed. They are generally more expensive than other types of tank washer but for medium to large tanks or tanks with stubborn residues the additional capital expenditure is often paid for rapidly through efficiency gains.

[govindhtech]

TCS SAP Cloudify: Revolutionizing SAP Deployments

TCS SAP Cloudify automates Google Cloud SAP deployments with one touch

Cloud transformations are being undertaken by businesses in order to provide scalable and secure infrastructure, enhanced resource availability, a higher return on investment, and improved user experiences. They utilise various cloud adoption tactics, such as multi or hybrid cloud systems, based on company needs. Those organisations intending to deploy SAP on Cloud are looking into options that would allow for a seamless transformation.

However, organisations encounter a number of hurdles in this transformation process, including a lack of automation, continuous integration and continuous deployment (CI/CD) pipelines, and DevOps.

Running on-premises SAP environments in uncertain and changing market conditions presents a number of challenges, including scalability issues that lead to increased CapEx, inability to meet innovation demands, ever-changing infrastructure needs and cost overruns, time-consuming and error-prone manual tasks, and poor security.

Tata Consultancy Services (TCS) has created SAP Cloudify, an automation system that addresses these on-premises issues and speeds up cloud migration. This framework adds to Google Cloud’s significant investments in flexible and configurable SAP deployment, automation, and operational solutions, such as Workload Manager for SAP Solutions. TCS SAP Cloudify is founded on the following principles:

Automation

Optimisation

Reducing and reusing

This solution’s primary features are as follows:

Built with supervised automation, secure infrastructure

A unified pipeline for provisioning VMs, cloud resources, and the SAP application.

Passwords for critical positions are generated automatically and stored securely.

Scripts that can be customised to fit a variety of scenarios

Automation-led migration from assessment to execution on Google Cloud.

Tools, best practises, and automation scripts for efficient SAP application implementation, migration, and operation.

TCS SAP Cloudify offers automation-led migration from assessment to execution on Google Cloud, in cooperation with existing Google Cloud migration services. The solution includes tools, best practises, and automation scripts that allow businesses to easily implement, migrate, and run SAP applications with:

increased productivity

enhanced system quality

improved agility and security

TCO reduction

Downtime reduction

Process automation has been increased.

Business insights in real time

Reduce the time to market

Let’s look more closely into TCS SAP Cloudify.

The discovery phase of the cloud journey begins with TCS analysing the client landscape with preset documents that aid in understanding the landscape, difficulties, pitfalls, decision on move groups, and proper sizing of the SAP system. This step also aids in determining network bandwidth and other cloud resource requirements.

Following the assessment phase, in which the SAP capacity planning and move groups are determined, we proceed to the migration phase, which begins with the provisioning of VMs and the installation of the OS and SAP apps. TCS SAP Cloudify has included a collection of reusable automation assets on Google Cloud to customise SAP applications for greenfield and brownfield SAP migrations based on customer needs.

TCS SAP Cloudify assists with evaluation, planning, and automation-led migration execution for migrating SAP apps to Google Cloud utilising pre-built CI/CD pipelines backed by Terraform and Ansible scripts.

Installations/deployments: In greenfield deployments, automation scripts assist in standing up SAP applications faster based on sizing and environment needs (Dev, QA,Prod, and DR). The SAP Cloudify framework supplements existing Google Cloud automation scripts, with a focus on customisation for complex dispersed SAP installations or a wider landscape with multi-regional needs.

TCS SAP Cloudify’s automation scripts offer a wide range of possibilities for many SAP applications. The scripts allow for easy customization and can suit a variety of scenarios such as standalone, distributed, custom SAP applications, database deployments, and so on. These automation scripts receive input from a.csv file and are deployed via the Google Cloud CLI.

The following scenarios are available for greenfield implementations on Google Cloud:

HANA DB VM Installation Setup SAP S/4HANA

SAP ECC running on HANA

BW/4HANA SAP

SAP BW post-processing on HANA Solution Manager

SAP BODS, BOBJ Web Dispatcher — FL/PAL HANA Addons

These automation scripts are resilient, dynamic, and secure in order to suit the needs of customers. Furthermore, post-installation tasks such as SPAU and SPDD, as well as automated bulk transport requests, are automated.

Migration: In many migration circumstances, organisations select the appropriate migration option depending on their requirements, criticality, and downtime tolerance. The TCS SAP Cloudify architecture consists of selecting the appropriate SAP certified VMs, adding necessary disc space and other network components, and installing SAP apps, including a secondary server for HANA replication. This reduces the overall time required to construct and move SAP applications while also minimising downtime.

TCS SAP Cloudify migration scenarios include high availability (HA) and failover configuration, export and import, backup and restore, retrofit transport movement, and system copy or system refresh of SAP systems.

TCS SAP Cloudify intends to automate the necessary migration steps, such as export/import, backup/restore, and HANA system replication. TCS SAP Cloudify, in collaboration with Google Cloud, enables error-free restores with decreased complexity that are 30% faster than traditional manual restores.

TCS provides Application Managed Services (AMS) support. SAP Cloudify enables organisations to manage their SAP applications on Google Cloud more effectively. SAP Cloudify provides automation scripts for the most typical operational tasks, such as SAP application stop/start, kernel upgrade, HANA HSR, client copy, and backup/restore.

TCS’ solution enhances resource efficiency and reduces concerns related with activity downtime, allowing organisations to focus their resources on other vital application support activities.

TCS’s cooperation with SAP has aided organisations in their business growth and digital transformation for over two decades. TCS’ SAP-led business transformation experience is grounded in extensive industry and technical expertise, as well as trusted contextual knowledge, allowing enterprises to rebuild the digital core, reimagine business processes, and address business challenges.[MJ1] [RS2].

Our best-of-breed offerings, advice, and delivery expertise enable enterprise-level technology-driven business transformation and return on investment. Furthermore, TCS’ Google Business Unit offers end-to-end cloud migration, application and data modernization, managed services, artificial intelligence (AI), SAP on the cloud, digital transformation, and industry-specific business innovation on Google Cloud.[MJ3] [RS4]

Prepare to install TCS SAP Cloudify on Google Cloud for a smooth migration of your SAP systems, regardless of their size, the complexity of your current journey, or budget constraints.

[ntechnochem]

Flaws of Rooftop Solar Power Plants

This year, the renewables industry increasingly relies on private investments to propel the sector. Traditional and rooftop solar power plant projects were either stopped or delayed in 2020 owing to strict constraints, increases in solar panel import prices, and changes in solar regulations, such as lowering the net metering maximum for rooftop solar projects.

Regardless of the challenges, the fast advancement of solar PV technology and energy storage will provide several investment possibilities in the solar rooftop sector. As a result, India's total installed capacity will increase by 10 Gigawatts (GW) by 2021. This has been the most significant 12-month capacity gain, with a roughly 200 percent year-on-year increase. As a result, as of February 28, 2022, India had 50 GW of cumulative installed solar power.

It is a crucial step toward India's aim of producing 500 GW of renewable energy by 2030, with solar power accounting for 300 GW of that total. With capacity additions of around 6.5 percent to the cumulative worldwide capacity of 709.68 GW, India ranks fifth in solar power deployment.

According to industry estimates, 35GW of rooftop solar power will require an expenditure of up to Rs 1.5 lakh crore. Most installations will come from the C&I sector, state and central government auctions, and the residential sector. However, policy changes have been a critical impediment to India's spread of solar rooftop installations.

Rooftop solar is viewed as a potential threat to DISCOMs' market predominance. Rooftop solar reduces DISCOM's billing produced by high-paying customers, which they want to retain. Credit should be encouraged in the rooftop solar market by the government. Banks currently do not offer rooftop solar financing.

These loans are only accessible if the planned solar rooftop property is utilised as collateral. In this instance, the OPEX model will be the most preferable type of funding. In addition, India's fast proliferation of rooftop solar power generation installations makes it an attractive investment market for energy storage.

Energy storage technologies are becoming more affordable. Increased technology adoption, fueled by stringent net metering regulations, will increase demand for energy storage solutions. In addition, given the rise in grid prices and the need for cost savings, many more C&I units will be forced to adopt rooftop solar.

The CAPEX model covers over half of the country's C&I rooftop installations. It is the first model created specifically for rooftop solar installations. Under the CAPEX model, the client makes the initial investment and owns the facility. The client's investment in the building is recovered over a 3-5 year period by the power provided by the plant.

O&M fees are the responsibility of the consumer. The deferred CAPEX model, in which a consumer makes a down payment for the installation and EMIs over a 3- to 7-year period, is another rising technique. This model is led by companies such as Nikhil TechnoChem. Its success has enabled such companies to expand into new markets offering high quality items such as hot water generator from Thermax.

[newslobster]

Less Than 50% Capital Expenditure Planned For FY23 Utilised: Tata Steel CEO

Less Than 50% Capital Expenditure Planned For FY23 Utilised: Tata Steel CEO

To a query on the consolidation process at Tata Steel, the CEO said it will continue.(File) New Delhi: Tata Steel has spent less than half of the capex planned for ongoing 2022-23 fiscal year, its Chief Executive Officer (CEO) T V Narendran said. The company had planned Rs 12,000 crore of capex for the year, of which about Rs 8,500 crore was for India and the balance for Europe. “We have spent a…

[melbournenewsvine]

Indian IT spending to grow at reduced rate in 2022: IDC

Indian IT spending is set to grow by 13.8% year-on-year in 2022, the technology analyst firm IDC says, adding that this was down from 25.3% in 2021. In a statement, it said this included spending on hardware, software, and IT services but not spending on telecommunications, business services, and some emerging technologies, which are included in the ICT Spending taxonomy. The drop in growth of spending was due to reduced consumer technology spending, the company said, adding that enterprise technology spending remained stable as enterprises continued to protect their budgets and reallocated resources to needed items. “Based on the current forecast of a mild global recession, we expect IT spending of Indian enterprises to demonstrate resilience in the short term,” said Vinay Gupta, research director, IT Spending Guides, IDC Asia/Pacific. “Indian enterprises continue to focus on their digital innovation initiatives, business operations resiliency, and customer experience programs. However, enterprises are keeping a sharp eye on global events.” IDC said an ongoing survey of Indian enterprises indicated that, on average, six out of seven either planned to keep or increase their 2022 IT budgets to what was initially planned. “Despite the increasing cost, demand for IT infrastructure, software, and IT services is not slowing down,” the company said. “Digital transformation and IT modernisation are prioritised to increase or maintain the competitiveness and efficiency of business operations. “Spending on cloud, security, AI, and automation will grow as enterprises transform themselves to be future-ready. Spending on digital transformation is expected to grow by 19.6% in 2022 as per IDC’s Worldwide Digital Transformation Spending Guide released in April 2022.” However, IDC said, consumer IT spending, which saw strong growth in 2021, was under pressure with sales of PCs, notebooks, hard-copy peripherals, and tablets expected to grow, albeit at a subdued pace due to less pent-up demand and the tail end of buying cycle, which started in 2021 due to the pandemic. “Mobile phone shipments declined for the third consecutive quarter in 2Q 2022. Mobile phones constitute almost 60-65% of consumer technology spending in India,” the analyst firm pointed out. “High prices due to rising inflation and unfavourable exchange rates will negatively affect the spending on mobile phones and, thus, the overall consumer technology spending growth. “Even after considering the festive period of heavy promotional discounts in 3Q and 4Q of 2022, overall market growth by shipment and value for mobile phones, PC, and notebooks will be lower than that of 2021 and reach pre-pandemic levels. Expectations are that introducing 5G services in urban areas will induce mobile device refresh, albeit at a higher price point.” IDC said post-pandemic recovery of the Indian economy in late 2021 and early 2022 was confronting multiple headwinds. “Inflation, global geopolitical tensions, devaluation of the rupee against the US dollar, a slowdown in global growth, and increasing interest rates are risks to economic growth,” it said. “They are increasingly interwoven and uniquely affect each Indian business. The risk of recession worldwide has continued to rise amid increasing inflation and the expectation of tightening monetary policy. “The Indian economy faces similar challenges and enterprises are turning cautious during these uncertain times. Expectations are that India’s GDP growth will be at risk in 2023 given the global headwinds, slowing down IT spending growth. “A lot will depend on RBI’s [the Reserve Bank of India’s] monetary policy going forward and the government’s public CAPEX [capital expenditure] push, industrial capacity utilisation, and improvement in the infrastructure sector.” Source link Originally published at Melbourne News Vine

[indodatacenter]

Why are bare metal servers still the best choice in Banking?

Bare metal servers are physical servers that customers purchase and manage. Colocation hosting facilities can be used to deliver services to customers and other applications on an internal network, or they can be hosted on an external network in a colocation hosting facility.

The Advantage of Bare Metal Servers Compared with Cloud

There are many advantages to using bare metal servers instead of cloud servers:

Cost

The cost-per-server is typically lower when using bare metal servers compared with cloud servers. This can make sense if your application requires more resources than what is available in the cloud or if you want more control over your infrastructure and software stack.

You can add hardware resources and software without any charge. You will only pay for room space and network connection in a colo data center.

Performance

A single instance running on many different pieces of shared hardware (as is common in the case of cloud computing) will perform worse than an application instance running on a bare atomically-controlled piece of hardware.

This means less latency for users and faster response times from applications.

Cloud servers may not always be reliable because they often experience outages due to technical issues like power failures or network problems

End-to-end Control and Security

You don't have to worry about someone else having access to your data because it's stored on your own hardware in your own data center.

This means that you're free to do whatever you want with it, including moving it offsite or locking it down so that nobody has access except yourself and whoever you choose to share it with (such as an admin).

A cloud is less secure than a data center. Hackers can easily hack cloud servers because they are connected to the internet 24/7 which makes them susceptible to attacks from hackers who want access to user data or sensitive information stored on the cloud servers’ hard drives.

Break the Cloud Lock-in

If you want to move your business applications from one cloud provider to another, it can be quite difficult to do so. This is especially true if your application requires a high level of customization or if it is a mission-critical application.

Unlike bare metal servers, moving an application from one cloud provider to another will involve rewriting them so they can run on the new platform. This can be time-consuming and expensive for businesses that have invested heavily in their current platform.

You can always relocate your server to another data center facility. For example, when your enterprise realizes the importance of sustainability, then you can relocate servers to low-carbon data centers.

Optimized CPU and Memory Utilisation

Cloud providers usually allow users to choose between different levels of service based on their needs such as dedicated CPU cores or memory capacity per instance.

However, these resources can still be underutilized if they need many instances at a given time and require a lot of CPU power or memory during peak hours.

With bare metal servers, users have full control over their hardware resources so they can optimize them according to their needs at any given time

Faster, Easier Scaling

The bare metal servers are the best choice for leading financial institutions with a massive number of transactions because they are reliable and secure.

You don't need to maintain an army of engineers to manage your infrastructure, freeing up time for other important tasks like growing your business.

You can add or remove servers on demand, allowing you to grow at a rate that matches your needs without having to worry about over-provisioning your resources. This one can reduce CAPEX in building a new data center yourself.

Your Company owns the whole server and has full control over it - from its hardware configuration to its software setup. This allows for much faster scaling than cloud services can offer, which makes bare metal servers ideal for high-traffic websites and online banking with high demand for their products or services.

Takeaway: 

For banks who remain concerned about cloud provider transparency, reliability, control, and security. Bare metal servers offer the best of both worlds.

Simply put, with bare metal servers there are fewer points of attack for cybercriminals, and this makes for a more secure banking system overall.

Bare-metal servers provide a lot of benefits to banks. They are guaranteed to have the power you need, and the best way to upgrade your system at a low cost.