The present business environment is volatile and full of uncertainties. Therefore, a need arises to improve efficiency and profitability. Though many organizations rely on traditional techniques, predictive analytics is the new trend of managing risks and monitoring frauds which eliminates all the guesswork. Predictive analytics help us in reaching the source of fraudulent transactions and in dealing with future plausible attacks. Lack of corporate transparency and missing public trust should be dealt with by using advanced tools for managing huge data and ensuring accountability. Predictive analytics helps in building the customer profile to know his credibility which is useful for banks. Read more at : https://blogs.metricstream.com/ready-predictive-analytics-revolution/

The business environment is highly competitive and one needs to excel in every sphere of business. Excellence is not just a goal, but, it is a process or a series of process which aims to produce specific outcomes and is achieved by consistently applying these processes on one customer at a time. Read more about some of the components that allow you to achieve excellence at: http://it.toolbox.com/blogs/insidecrm/excellence-in-crm-70887

Amazon launches new supply chain management technique “Dash Button” which allows the customers to order products automatically at the actual point of use.  According to Paul Myerson (Industry week), Amazon’s new launch Dash button puts pressure on the retailers, especially grocers who have very small profit margins (1-2%) and have a huge impact on the retail order fulfilment process.  This will bring a new concept called focusing on value to the customers and eliminating waste not only in the business environment, but now at the actual home of the customers. To know more about dash button read at: http://www.industryweek.com/inventorymanagement/amazon-dashes-make-consumers-and-their-supply-chains-leaner