In today’s world, companies want to work smarter. They’re using tools like process mining to do so. TRIYO is leading the way in this field. It’s making things easier and more efficient for businesses. How does TRIYO work? It offers real-time reports on live processes. It helps companies see everything that’s going on in one place. With TRIYO, everyone can get involved and help make things better. It lets teams…
Know your customer (KYC) is a basic step in finance. It checks who customers are and measures risk. But now, there’s a new method called perpetual KYC (pKYC). The old KYC only checked customers once. With pKYC, that’s changing. It’s not just a one-time check anymore. It’s an ongoing process that keeps updating. So, what’s the difference? Regular KYC might update every 2, 8, or 10 years. pKYC keeps checking…
While there are many factors that can increase stress levels in individuals today, the workplace is one of the most prominent causes. Prolonged stress increases the chances of poor mental health among individuals which lead to other symptoms like insomnia, perpetual fatigue, irritability and lack of concentration. According to the World Economic Forum, individuals are now more likely to prioritize their health and well-being emerging from the pandemic.
Bertram Gross, a political science professor, coined the term ‘information overload’ in 1964. He defined it as an excess of information. This excess causes a loss in decision-making ability, processing information, and task prioritization. Recently, the term ‘information overload’ has gained traction again. We have entered the “information era.” Communication technology advancements have expedited information receipt. People are more interconnected. Messages can be sent and received at any time. Information…
During the pandemic, companies had to resort to remote working arrangements but feared that it could lead to employees slacking off. As such, many made it mandatory for employees to install activity monitoring trackers on their devices despite productivity levels soaring during these times. These trackers are able to record things like keystrokes, number of minutes without activity, time spent on phone etc.
The technology adoption lifecycle is a model that describes the rate of adoption of new innovations. While this rate varies from individual to individual, it is even harder for an entire organization to unanimously adopt new technology.
Working as a team does not necessarily require all members to be available and working on tasks simultaneously. In fact in the new hybrid world of work, this is normal.
Process discovery is a way organizations view and map end-to-end business processes to understand workflow and uncover deviations and bottlenecks which go unnoticed. This is valuable information to firms looking to boost productivity, streamline processes and increase profitability.
In any organization, staffing management is an essential factor in ensuring that the company is effectively utilizing their resources. According to EconomicsDiscussion, it ensures that all employees are given a role to execute, and that it is done well. However, this is easier said than done.
What do you think is one of the biggest inefficiencies in a company? Could it be silo-ed departments that reduce transparency, or perhaps even poor systems? It might surprise many that one of the greatest inefficiencies stems from toggling between applications.
