The Equifax Sh!tstorm & Those Pesky Security Updates

By | Lithyem Insights

Importance of Software Security UpdatesJust to set the stage… Cyber theft is the fastest growing crime in the United States by far. Cyber crime damage costs are reported to hit $6 trillion annually by 2021. Global security and ransomware damage costs are on track to exceed $5 billion in 2017. That’s up 15x in just 2 years to $325 from 2015… and expected to get much worse. Cheers.

So now that you’ve got your head wrapped in tinfoil and bought a tiny house off the grid… what the hell happened?

This post isn’t about what to do if you were affected by the Equifax hack, there’s plenty out there on that. The interesting point here is one of the main causes of the hack in the first place was the failure to make timely security updates to critical software.

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Why Excel is Threatening Your Business

By | Lithyem Insights

Why Excel is Threatening Your Business

Forrester estimates that about 81% of all business use Excel. Excel is used for estimation, projection, day to day operations and pretty much anything you can imagine. Entire companies are run on Excel… it’s used in industries from finance to construction to education to medicine, relatively important stuff.

So… ?

Here’s a fun statistic: Researchers have found that up to 90% of all spreadsheets have errors that affect their results.

Let that sink in for a sec.

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Business Software Doesn’t Have to be Painful

By | Lithyem Insights

business_operating_platformsYou work at an enterprise corporation. On a daily basis, you use at least seven different programs, likely to perform just one or two tasks. You use an HR portal, an inventory tracker, a content management system, and the company intranet. You run reports in one program only to have to input the same numbers into another program to get the reports that you actually need for your weekly huddle.  You have nightmares about not hitting the save button before you move to the next thing, and you’d rather just do everything in Excel because at least you know how to use it. Sound familiar?

It doesn’t have to be like that. What if you had a piece of software that turned a five minute task into a two and a half minute task? Software that’s reminiscent of your favorite apps where you can swipe, reorganize, and produce results. Software that solves problems and facilitates the primary goals of your job function. Too good to be true? No way. Enter UX design for enterprise, where good design equals good work. We understand that employees are also consumers, downloading daily the newest, fastest, and leanest apps on their phones and tablets. They’ve become accustomed to immediate gratification, one click functionality, and simple layouts. Why should the software we use at work be different? Read More

Welcome to the age of operating platforms

By | Lithyem Insights

ljlw_4In the past, the typical business assembled its IT systems piece by piece.

Core enterprises systems such as enterprise resource planning, financial management and human resources would be installed. As the company grew, additional applications would be added. Security solutions and backup systems would also come into play, typically retrofitted into the existing collection of IT resources. The company might also add a dashboard to enhance executive decision making.

All of those systems would almost always reside on-premises. The business would take on the responsibility for assembling and maintaining the necessary hardware, software and networking components of the IT infrastructure.

The emergence of the operating platform, however, promises to shake up the business-as-usual take on IT. Instead of a piecemeal approach to business process automation, the operating platform provides application software, process workflows, security and backup, and business analytics in a single, integrated offering. Read More

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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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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