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Enterprise Resource Planning: Explained

What is Enterprise Resource Planning? Enterprise resource planning is a software system that helps organizations automate and organize business processes to maintain optimal performance. ERP is an agile software solution that helps in flow of data within a company’s business processes, providing a single source of truth.  It is capable of integrating organization’s financials, operations, supply chain, reporting, manufacturing activities on a single platform. It eliminates duplicate data and ensures data integrity. Typically, ERP systems enable business processes to gain all that a business code requires.  Why ERP System Essential for Business?   Following are the ways your business needs ERP system implementation:   Drive performance : With the solutions that use AI, it allows you access insights that boost-up decision making and improve operational performance.  Speed-up operational impact : By connecting data and processes, you will bring more flexibility to...

Essential Steps to Build an Online Marketplace Like eBay

Key Points Covered: Successful steps : Define your Marketplace  Design your Business Model Choose a Commission Model Asses Market Size  Develop a Great User Experience  Build Marketplace Functionality So, you are planning to build a marketplace website development company, right? Have you ever wondered how much money and time do you have to spend to build a performance centric marketplace development? If yes, you are at the right place.  As eBay has set a milestone in the niche of online purchases and acts as a big online selling platform, other entrepreneurs are definitely aspiring to build a website like eBay, Amazon, Etsy etc.  The successful eCommerce marketplace like eBay has shown a tendency towards profitable growth. According to Statista , eBay’s annual net revenue reached 10.8 billion U.S dollars in 2019. It is quite obvious that many such businesses aim to build such a marketplace from eBay's success strategy on how to build a leading marketplace websi...

5 Healthcare Trends Dominating Medical Industry in 2023 and Beyond

Over the last two years, many technology companies have adapted to new circumstances to overcome the problems caused by the global pandemic. At the same time, many healthcare organisations that would not have integrated tech have turned their attention to technology through healthcare software development solutions and services to transform their services.   The pandemic has accelerated the digitalization of the healthcare sector. According to the HIMSS healthcare report , 80% of healthcare providers plan to invest in healthcare technology and digital solutions over the upcoming years. So, we can see substantial growth in areas including personalised medicine, telemedicine, and genomics, along with artificial intelligence, cloud, data security, IoT, etc. to develop and deliver treatments and services in an advanced manner. In addition, here are the biggest healthcare trends are elaborated that will impact the healthcare industry over next 10 years:   Artificial Intellige...