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Lithyem Insights Blog

Technology Updates, Insights & Perspectives
Jun 30
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3 Tips for Bringing Operations Data Up to the Boardroom

By Lithyem Insights

amo_cs_3Boardroom and C-level executives are keen to keep tabs on a company’s fundamentals at all times.

One way to keep the top-tier appraised of an enterprise’s performance is to make sure they are receiving the latest operations data. That particular tactic may seem fairly obvious. Unfortunately, the exact ways in which an organization can best meet the informational needs of company decision makers may not be as self evident. A large corporate entity generates massive amounts of data. Which data sets will prove relevant for demanding executives? And once the data sets are determined, how will the organization deliver the information to the boardroom? What technologies will be involved?

Those are just some of the questions to be settled when pushing operations data to the front office. Here are a few tips on how to get the job done.

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May 26
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Three Reasons Understanding Operational Intelligence Will Increase Growth

By Lithyem Insights

equipment_managementWhen you come to grips with the main benefits of operational intelligence, new avenues for expansion should come into focus almost immediately.

Operational intelligence, a branch of of the broader field of analytics, focuses on the here-and- now of business. Solutions generally consist of a monitoring component that feeds key performance indicators into a dashboard that lets executives visualize business trends and patterns. The operational intelligence dashboards, in turn, facilitate the management of an enterprise’s business processes. Such dashboards provide insights that improve the organizational decision-making process. Another type of dashboard, namely an analytical dashboard, focuses on predictive analytics and emerging business opportunities. They are chiefly concerned with the future.

Operational intelligence, in contrast, is all about the present — and unlocking a business entity’s potential today. Here are three reasons understanding the essence of operational intelligence will propel your company’s growth:

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Mar 31
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5 Business Process Questions to Ask Yourself

By Lithyem Insights

business processOrganizations that automate business processes without first considering their efficiency may accomplish little more than making mistakes faster.

The correct approach is to evaluate the business processes before investing heavily in the IT systems that automate those processes. This task originated in the 1990s as business process reengineering, but is also known as functional process improvement, business process redesign and business process analysis.

Whatever the label, the philosophy is basically the same: the organization that deploys systems on a solid business process foundation is more likely to (1) solve the business problem it intended to address, and (2) obtain the greatest return on its technology investment.

Getting started with business process analysis means asking yourself some pointed questions. Whether you pursue this analysis on your own or working with a consultant, here are five important questions you should consider.

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Mar 04
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The Profit-Killing List of Business Processes Ignored by Businesses

By Lithyem Insights

resultsEnterprises can’t afford inefficiency.

Complex and outdated business processes increase effort, slow down the tempo of operations and shrink margins. Mature businesses need to keep an eye out for potential profit thieves, but young companies on the rise must also be wary. As an organization grows, profits will only follow if it gains efficiencies as it expands. A critical task for companies of all sizes: identify cumbersome modes of doing business and convert the wasted effort back into income.

Here is a short list of business processes that may be causing you problems. These problem processes should not be overlooked:

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Feb 18
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6 Critical IT Areas to Apply Cost Reduction Strategies

By Lithyem Insights

amo_cs_2IT managers typically try to build a business case for their investments, often arguing that the dollars spent today will reduce cost over the long haul.

Indeed, IT systems can speed up cycle time and boost productivity, saving labor expenses along the way. But, ironically, an organization’s IT infrastructure can emerge as a large and rapidly expanding cost contributor. The issue can sneak up on companies as they accumulate new systems to accommodate business growth.

Most enterprises won’t have to look very hard to find opportunities to trim their IT outlays. The following six IT areas may be good places to start for your cost reduction strategies.

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Jan 28
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5 Benefits of an Business Operating Platform

By Lithyem Insights

bench_6A business operating platform integrates a range of IT components into a single package that scales to meet an organization’s changing needs.

At Lithyem, we place the business operating platform concept at the center of the cloud-based software solutions we develop for customers. The main objective is to streamline the operations of medium-to-large scale enterprises. Our platforms empower customers to meet that goal, reducing costs, saving time and increasing productivity.

Lithyem’s business operating platform consists of software application modules and business process workflows, reinforced with security and backup capabilities. Those components are built upon a 24/7 cloud platform foundation. At the top of this platform stack, an insight and analytics layer gleans actionable information that supports executive decision making.

This approach offers organizations a number of advantages as they look to cut through the complexity of IT. Here are some of the key benefits:

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Jan 21
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What is a Business Operation Platform and Why Should You Care?

By Lithyem Insights

streamline business processes

Many businesses suffer from poorly integrated — or completely disconnected — software and IT systems. They simply cannot increase profits without adding overhead.

As a small company begins to grow, it tends to add systems and applications as needs arise and without any particular technology strategy in mind. That business, at some point, ends up with an array of disconnected systems and processes. Such systems often serve only a single purpose and, therefore, are hugely inefficient. What’s more, the systems may operate largely in isolation. The ability to share data among applications and enable smooth, end-to-end business processes becomes extremely limited.

A business operating platform, in contrast, offers a unified foundation for software solutions that support  an enterprise’s sustained growth. The Lithyem business operating platform consists of a number of integrated layers. At its core, the platform features application modules configured to unique process workflows for each business. A security and backup layer supports the applications and workflows, providing encryption and 24/7 availability among other disaster prevention capabilities. Those layers, in turn, rest upon Lithyem’s cloud platform. The top tier of this platform stack consists of an insight and analytics layer, which gleans actionable information and supports executive decision making.

Lithyem positions its business operating platform at the very center of the cloud-based software solutions its offers medium-to-large scale enterprises. Our objective is to streamline operations and provide efficiency benefits that dramatically increase the bottom line.

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