Major Developments Major Developments by Calendar Year

March 18, 2017

An Understanding on Enterprise Automation

Filed under: Small Business — mdnuser12 @ 3:49 AM

The term enterprise automation refers to that where an enterprise implement the usage of new tools and techniques to make the business processes more faster and produce the output with accuracy. Automating the process in an enterprise increases the work efficiency of the workforce and decreases the workload of different activities. Usage of new techniques and tools help employees to do more economic value addition by which more revenue can be generated. Automation helps in customization of various processes where the advance tools with highly integrated set of techniques are used. It can be adopted at various levels to receive the quality output and to bring more credibility. Automation is effective in different aspects like monitoring and managing of job scheduling, IT process, workload minimization, transfer of files, database management, infrastructure provisioning, security/compliance, documentation etc.

Basic Reasons for Automating the Business Process
1. Using advance tools and techniques in business processes is helpful to reduce the operational cost. The less capital or money needed to be invested to start an operational activity in a business and key task can be accomplished in a specified time. This will allow the enterprise to save more time and money. Equally, it allows the higher authorities to make the effective and better decisions for different operational levels. According to the capabilities of the workforce the distribution of the activities can be done among them, where they will be able to improve their performance in a given task.

2. Automated tasks are done with the customized tool and techniques which are measurably less error prone. It means that the chances of happening the error or mistakes becomes less. The task can be done with more accuracy by the workforce. If training is provided to the employees on automation tools and techniques, organizations can yield higher productivity outputs.

3. Automated tasks enable an enterprise reduce cycle times of producing or manufacturing the product. Time can be managed and different market strategies can be developed to focus on business expansion. Understanding the core business activities will become easy and its importance could be visible towards employees. Automation provide focus to such activities that takes longer time for the completion of a process and avail the management to strategies to effectively overcome such problems. And more attention towards the preference of the customer or clients can easily be fulfilled with that the demand of the market for quality products and services would easily be delivered.

Processes and Systems that can be Automated
1. Life cycles
The life cycle of the things that can be fully automated in an enterprise include IT assets like servers, different storage devices, desktops and telecommunication devices, etc. The IT assets may also include upgrading the hardware, installation of customized software, conformation and examination of the condition of an asset life, removing the asset which are in bad working condition, etc.

2. Processes
Automation can be done towards all IT and business operations that can be

  • Planning the business processes where the organization appoint the technically skilled employees, who can easily understand the core business activities and deal with the challenges to provide quality output.
  • Analyzing and identifying the market opportunities to enhance business opportunities.
  • Making the purchasing of the tools and machinery, easy and timely updating of IT assets to facilitate the smooth operation of daily activities
    Scheduling and execution of OS patch windows, which may require many attempts to deal with exception handling

3. Audit and Examination
Automation is very helpful in asset management to get a clear view on software and hardware assets. By streamlining the audit process through automation, organizations can gain true visibility on their IT assets.

November 19, 2014

Major Industries in Texas

Filed under: Business,Small Business — Tags: — Ralph C Dreher @ 2:55 AM

Texas is known for its fast growth, being safe and one of the smartest states in US. Highly educated, strong economy and talented workforce along with globally respected work force and institutions keeps it always on the leading point of business. In this article, we will discuss each major industry in Texas briefly.

  • Oil and gas: The refineries of Texas produce more than 4.7 million barrels of oil/day. Houston being one of the largest cities has more than 3,000 employers in energy sector. 200 chemical plants manufacturing 14% of the nations chemical output are located in Texas.
  • Aerospace and aviation: Texas aerospace and aviation industry have more than 20,000 employees with the major employers being Lockheed Martin, Bell aerospace, Raytheon, Gulf stream aerospace and Boeing.
  • Agriculture and food production: It is one of the top industries in Texas generating one in every seven jobs in Texas state.
  • The state has more than 247,000 farms covering all over 13.4 million acres.
  • Biotechnology and life sciences: Texas state has developed one of the top industries in biotechnology and life sciences.
  • It has more than 4,500 biotechnology, medical manufacturing, biomedical research and other companies related to life sciences with around 108,600 employees with an annual economic output more than $75 billion.
  • Manufacturing: Texas is the leading manufacturing states ranking first in the manufacture of electronic equipments like computers, military communication systems and electronic components.
  • Chemical manufacturing is ranks second in Texas. The state is a producer of benzene, fertilizers, ethylene, sulfuric acid and propylene.
  • Food processing sector takes the third place in manufacturing with beverages being the major part and others such as baked goods, soft drinks, preserved fruits and vegetables.
  • Mining: Texas state leads in production of mined products like natural gas and oil.
  • Texas state makes about 1/5th of the total oil production in the country and 1/3 rd of the total supply of natural gas.
  • It also leads in the production of crushed stone, lime, cement, sand, salt and gravel.
  • Communications and information technology: Communications and information technology in Texas state numbers more than 26,000 high technology companies and 470,000 employers.
  • Micro electronics and computer technology and their research and development at Texas higher education institutions top at $74 million annually.
  • Transportation and logistics: Airports, railroads, highways and ports present in Texas state make it a logistics and distribution leader, strategic export and import gateway.
  • The state has 27 commercial airports and 29 ports.
  • Services: Business, personal services group and community are the biggest service industries present in Texas.
  • Various industries are included in this sector which include private health care, law firms, hotels, engineering companies and other repair shops.
  • Retail trade and whole sale trade including food products, petroleum products and motor vehicles rank second under services in Texas sate.
  • Finance, real estate services, insurance ranks third in the state where Dallas and Houston being the major financial centers of Texas state.

From these data, it’s clear how Texas state has diversified industries present all over the State with corresponding developments and providing employment to large number of educated workers.
(more…)

February 15, 2011

CII and Ernst & Young Report on SMEs Role in Indian Defence Industry

Filed under: Small Business — Winson @ 6:29 AM

CII and Ernst & Young made a report called ‘Enhancing role of SMEs in Indian Defence Industry’ in 2009. It was reported that about 20-25% of components and sub-assemblies were supplied by 6,000 SMEs to Ordnance Factories, Defence Public Sector Undertakings, DRDO and the armed forces. Special policies were laid down by the Government of India which helped in increasing the supply of national and international defence majors. There had been a rise in business opportunities in defense and aerospace sectors.

A cumulative defence budget of USD 26.5 billion was observed in 2009. Joint ventures and technical collaborations were set up by Indian SMEs attracting the attention of foreign OEMs, Tier I and Tier II vendors. 44 percent of the respondents revealed that improvements had to be implemented in defence offset opportunities.

The report advised an improvement of information technology and automotive industries for design, development and manufacture in aerospace and defence sector. It also revealed the importance and need of domain knowledge development. Certain guidelines were given regarding licensing procedure and other complementary activities for the SMEs.

February 14, 2011

Recovery of Premiums by Small Businesses in the U.S.

Filed under: Small Business — Tags: — Winson @ 6:58 AM

Small businesses contribute a lot for the economy in America. There were about 4.8 billion businesses employing 25 or fewer workers in 2009. Recession brought many bad effects on small business industries. According to the Illinois Main Street Alliance report, coverage for workers was decreased in 2008 and 2009 in about 12% of 500 small businesses surveyed. Around 35 percent of the companies switched to insurance which provided only few services.

Companies having less than 25 workers had wages which are less than $50,000 a year. As they have higher premium costs they achieved benefits from the tax credit. The benefits under health overhaul law were also not expected. According to a report from consumer groups, Families, USA and Small Business Majority, health coverage was offered to only 46 percent of employers having three to nine workers. About 72% of small businesses having 10 to 24 employees offered with the health coverage for workers. More than 95 percent of companies of 50 or more workers offered coverage to their employees.

The tax credit help small businesses, which tend to lack the purchasing power of larger employers, maintain coverage by pooling risk. According to the federal government website HealthCare.gov., payment for the same insurance policy by small businesses was found to be 18% higher than that paid by larger firms. The tax credit was provided for companies on the cusp of dropping coverage for their workers.

February 8, 2011

The Profile of MSME Sector in India According to the 4th MSME Census

Filed under: Small Business — Winson @ 3:37 AM

It was estimated that there were 2.61 crore MSMEs in 2006-07 according to the reports of 4th All India Census of MSMEs (2006-07). This was the first report that was made after the change of definition of the MSMEs. According to the Census, an enterprise is defined as a unit with fixed premises and hawkers, road side vendors were not included.

The Census reported that there were 0.15 crore registered units and 2.46 crore un-registered units. Among the small business firms 28% constitute for the manufacturing sector and 72% constitute for service sector. It was reported that the small business units constituting Apparel include 14.03% of the firms, Food Products and Beverages include 13.53% of them and Maintenance of Personal and Household goods include 9.25% of them.

The Census reported there were about 7.3 million manufacturing enterprises and 18.8 million service enterprises of the total 26.1 million enterprises in 2006-07 in the MSME sector. The number of women enterprises with 2.1 million constitute for 8%. There were 14.2 million rural enterprises constituting 54.4%. It was reported that per unit fixed investment was Rs. 38.78 lakh and per unit gross output was Rs. 46.13 lakh.

Employment was provided for 5.97 persons by the MSME sector including 0.95 crore from registered units and 5.03 crore from un-registered units. The per unit employment was also found to increase from 4.48 in 2001-02 to 6.24 in 2006-07. There was a decrease in the closure of MSMEs from 39% in 2001-02 to 21.64% in 2006-07. It was also revealed that there had been an increase in per unit fixed investment to Rs.33.78 lakh from Rs.6.68 lakh, and per unit gross output from Rs.14.78 lakh to Rs.46.13 lakh.

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