6 possible problems when choosing a technology provider
Mar01

6 possible problems when choosing a technology provider

Choosing the right technology provider can be a significant competitive advantage for digital transformation, but there are times when projects do not go according to plan and they can turn into a nightmare. Here we give you 6 examples of possible problems – and solutions – when choosing a technology provider.     The provider does not offer a flexible solution: An essential requirement for any technological development project is flexibility. Prefabricated solutions that are soon obsolete or that do not satisfy the exact needs of our company, nor offer differentiation from our competition, are not an intelligent investment. It is essential to identify the long and short term requirements, to have a clear vision of the project and prepare responsibilities and expectations for the provider. The right supplier will try to understand the unique nature and expectations of the project before it is underway. Our Solution Our specialists in developing customized solutions take on the customer’s challenge and make it their own. We have our own development framework that allows us to undertake any project as required for your company.     The provider does not offer a price that is consistent with their services: When we have to hire different suppliers for each technological project for our company, our technological investment may end up being higher than expected. Outsourcing should optimize business and free up time for strategic actions. The rates of a technology company are a reflection of the skills, experience and quality of their work. Our Solution Our teams are made up of professional profiles and adapt to the needs of each company. We help you during the complete technological process, to redefine traditional business models, innovate, and optimize costs, times and decisions.     The provider does not maintain clear communication: Ineffective communication is the main contributor to the failure of a technological project. During the process business goals can change and evolve, and if the objectives are not communicated while working with an external provider, the relationship will not be productive. It is advisable to agree periodic follow-ups to review the work and be clear about the concept of technological development. The scope of the project must be specified including: the technical requirements, execution deadlines. payment, quality guarantees, and subsequent maintenance. Our Solution At Teralco Group we ensure regular communication and continuous monitoring of any changes to reduce risks and guarantee the execution of a fast, reliable and safe technological development.     The provider doesn’t have experience in your sector: There are some technological solutions that are applicable to practically any industry, but the fact remains that we will always get more...

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How to adapt your business to Industry 4.0
Feb21

How to adapt your business to Industry 4.0

We have all heard about Industry 4.0, but what is it and how does it affect the digital transformation of companies?   Throughout history, transformations have occured when new technologies converge with new systems of organization and management. The technological advances of the 21st century, together with the evolution and widespread use of the Internet, gave rise to the third industrial revolution; and in recent years technological development has taken us a step further, leading to Industry 4.0.   This fourth trasformation is characterized by the use of data together with intelligence to offer new ways of doing business, optimizing costs, times and decisions to drive the process of digital transformation.   Key to the success of Industry 4.0 is the endless amount of data generated and captured from devices, sensors and connected systems around the world, which we call the Internet of Things (IoT). Together with technologies such as artificial intelligence, cloud storage and processing, and machine learning; innovative solutions are offered for all sectors such as predicting customer behavior, defining efficient processes, adapting production in real time, offering predictive support, and analyzing huge amounts of data along with Big Data techniques for making smart business decisions.   These advances have led to the consolidation of so-called smart factories, in which processes that were previously assisted by computers are now dominated by computers and where exhaustive data analytics provides a key value for success. Intelligent systems communicate and cooperate with each other and with workers in real time, creating a network of digitally connected machines, a true ecosystem of digital transformation. The challenges of transformation   Enhancing IoT in companies has changed from being a connectivity strategy to a business decision. According to a study by Forbes, companies with more mature IoT initiatives grow faster, and 94% expect an increase in their revenues of up to 15%. The new perspectives allow companies to grow and explore business routes that were not before possible .   From identifying where a company has to innovate, to the use of visual sensors to understand the client’s behavior; new technologies offer solutions to generate greater productivity, efficiency and organizational flexibility.   However, while time and resources are being invested to develop Industry 4.0, business leaders remain pragmatic. Many begin the journey of digitization, but invest only when they see an immediate value in doing so.   Digital transformation is no longer a complex and expensive process that only large organizations can afford. It is not a case of reinventing a business but of identifying possible improvements and applying new technologies to provide solutions for both large and small companies.   Digital transformation...

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8 ways artificial intelligence can improve your business
Jan30

8 ways artificial intelligence can improve your business

  Artificial intelligence is revolutionising the technology sector and transforming how the world works. This technological innovation in companies means reducing operational costs, boosting efficiency, increasing revenue and improving customer experience. Artificial Intelligence in technology   What makes artificial intelligence an essential technology, is its ability to apply to any sector. On the one hand it can help farmers find the most efficient farming techniques, and on the other hand it can develop the potential of banking and insurance sectors.   It is not a new technology, but advances are bringing out its full potential. What’s more, merging artificial intelligence with cloud computing technologies will make it accessible to any company operating in the cloud.   Voice recognition functions using natural language processing have improved so much that Cortana, Siri, Alexa or Google Assistant can book a flight to New York without any problem, and according to Microsoft this technology will become the new user interface. Biometric technologies such as image recognition are advancing every day and their application is extensive, from autonomous vehicles, to the interpretation of emotions on the human face. And problem solving using artificial intelligence allows PayPal to use Machine Learning algorithms to detect fraud, also applicable to Wall Street investors. And from theory to practice, these are 8 ways artificial intelligence can improve your business:    Know your market better: Artificial intelligence can detect the search and purchase patterns of customers, and using the large amounts data stored in the cloud, can offer personalized marketing to increase customer loyalty and improve the sales process. In addition, biometric technologies can identify and measure customers’ touch, image, voice and body language interactions, an important tool in market research.    Revolutionize communication: With artificial intelligence, programs such as chatbots can provide intelligent responses to an unlimited number of queries, and in real time, allowing human agents to attend to more complicated or urgent requests. Also, when artificial intelligence is combined with machine learning, the more these programs interact, the better they understand. It is estimated that by 2020 85% of online queries will be carried out by these intelligent machines.    Make smart decisions: Data is considered the petrol of today. Thanks to artificial intelligence, used with natural language processing techniques that understand unstructured data, or Deep Learning that imitates the human brain; the decision process will be transformed to be more informed, quick and relevant. IBM estimates that decision-making will cost $1 billion in artificial intelligence by 2025.    Increase efficiency: Artificial intelligence is not a threat to workers, but a helpful tool. It Improves business performance by automating routine tasks, reduces human error and allows...

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12 technology trends in 2019
Jan24

12 technology trends in 2019

  2018 is coming to an end, and the technology industry is detecting the trends that will play a key role during the next 12 months. In 2019 we expect major developments that will improve processes and maximise benefits in companies from all sectors. These are the trends to look out for in 2019:   ➡️ Cloud technologies are the future. The cloud will be ubiquitous, and provide speed, efficiency and innovation. According to Gartner, in 2021 more than half of global companies that already use the cloud will adopt a complete cloud architecture. The use of multiple cloud platforms will reduce costs, eliminate inactivity time and assure a uniform performance. What’s more Edge Computing is coming into the scene to provide answers in real time, as the only technology that can currently provide these insights.   ➡️ What companies do with their data will define their business model. Companies that manage to give value to their data will be the digital organisations of the future. Consultancy will become more important to align technological advances with business strategies. Data will be so highly valued that it will give even more value to companies than their traditional business activities; and managing this information will become one of the most important tasks.   ➡️ Machine Learning will start to deliver tangible results. Machine Learning technologies need access to large and diverse quantities of data, so open source data will be key in 2019. Machine Learning will become the backbone of companies, improving business processes and delivering tangible results – and although it will be a slow process it will begin to be a tool for innovation in all industries, especially the economic and financial sector.   ➡️ Artificial Intelligence will play a leading role. Artificial Intelligence is a prominent part of innovation and investment in the technology sector. Most companies already know the benefits of Big Data, and have teams dedicated to obtaining and analysing the data – if an organisation does not have its sights set on Big Data, it is already falling behind. The focus for 2019 will be to apply artificial intelligence to improve processes, automise tasks, and add a strategic value for business.   ➡️ The online marketplace will become the new traditional business model. The physical and digital marketplace will join together to give the user a unified experience. Big brands will apply technologies such as artificial intelligence in their physical shops to compete with their digital rivals. In 2018 we saw important companies such as Toys R Us, fall under the pressure to innovate, highliting the need for companies to adapt to the digital marketplace to...

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Women lead the technology sector in Spain
Jan24

Women lead the technology sector in Spain

  Gender inequality is still a reality that we have to face in 2019. According to data from the Spanish National Statistics Institute, women currently represent 45% of the overall workforce in Spain; female unemployment is over 18% compared to 15% in men; women fill more than 70% of part time jobs, have lower pensions, and despite being better trained they fill fewer managing roles and earn on average 29% less than men.   However it is not all bad news. Thanks to changes in education, culture, business insights and the evolution of legislation, important steps are being made to achieve true equality in the Spanish job market. Currently the technology sector in Spain is led by women, who are in senior management roles in benchmark companies including Google, Facebook, Microsoft, HP and Linkedin.   Inequality, sexual harassment and harassment on grounds of sex in the workplace have serious consequences for employee security and the development of business activity. Companies are an important social agent in which continuous professional and personal relationships take place, and their management should be in line with the needs and demands of society. A plan for equality In Teralco Group we have launched a strategic plan and in 2018 we introduced our first Gender Equality Plan that will be in force until 2020, following the guidelines defined in Spanish Organic Law 3/2007. This plan emerges with the aim to prevent and visualise the possible behaviour that could infringe the dignity, consideration and respect of company personnel. The value of equality will set the direction of human resource policies and internal and external communication from our business during the next four years, and will be incorporated throughout the company to achieve and maintain effective equal opportunities for women and men. Finding the balance Companies have the responsibility to look for solutions and offer programs for the reconciliation of work and family life as key steps to normalise the equality between men and women. The Work and Family Reconciliation Policies in Teralco Group mean that our workers benefit from flexible work conditions that adapt to each individual so they can find their balance between work and family life: We share our hope for equality We are making our commitment public with an aim to support and maintain services that are respectful towards the dignity, individual freedom and essential rights of everyone that is part of our organisation. We share our hope for equality and we encourage all of out staff to actively take part in the process. We consider our Gender Equality Plan and Work and Family Reconciliation Policies to be an important step in the modernisation of...

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