“A robust system is designed for continuous operation with limited downtime, failure rate, variability and very high insensitivity to a continually changing external environment.” Businesses require robust systems and reliable information management processes, especially in such unprecedented times. Organisational competitiveness is highly dependent on how quickly organisations can adapt to their evolving operative environment.
Reliable real-time data can help organisations with managing their cash flow requirements. Any business owner or manager understands the key role that cash flow plays in any business and having accurate information on hand will help managers make informed decisions. Where there are no management processes of information, especially confidential company information, there are always risks associated with securing that information.
Organisations have the responsibility of ensuring the security of company information, as well as their clients’ information. In some organisations, employees may be expected to work remotely, and there are effective cloud-based solutions that enable remote work. However, these solutions require essential security measures that enable peace of mind.
Adopting technology to improve efficiency can bring in tangible benefits, such as reduced costs, and effective allocation of resources, whilst aligning human and technical capital in bridging the gap between performance and organisational objectives.