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Increased Safety In addition to reducing rig up time, offshore wireline lift frames enable safer operation by separating CT operations from drill floor operations. Reduced Costs Using offshore wireline lift frames to separate wireline operations from the rig drill floor saves time by shaving minutes and seconds throughout the lifting process.
Social Media is not about technology – it’s about communication. Following are a few of the thoughts David shared in closing out Day 1: Start-ups begin here, but are scaling offshore. A few of her thoughts can be found below: Social Media is forcing us to redefine leadership. What’s the ROI on a handshake?
Moreover if they decide to develop the application should this be done internally with existing staff, or outsourced, and if outsourced will it be done domestically or offshore and who will manage the process. Oh, and what about development methodology?
This is despite the concerns on data security surrounding cloud technology. The same thing goes for 71% of financial service executives in the country. Businesses will incorporate these technologies to interact with their customers. Cloud-based technology increases connectivity. Outsourcing Trends. More VAs and Chatbots.
Over the last decade, offshore manufacturing seemed like a no-brainer. In this golden period, even an ill-conceived, poorly executed strategy could deliver big savings. In this golden period, even an ill-conceived, poorly executed strategy could deliver big savings. But suddenly, the case for outsourcing isn't so clear.
Adding legitimacy to this skepticism are new technologies that enable automation of routine transactions, offshoring and shared service organizations that specialize in managing many tactical elements of HR. This is a role that cannot be automated, shared as a service, offshored or outsourced.
It’s especially hard for senior executives, who have got where they are thanks to the way they behave. That’s why executives often engage the services of a coach. To help with the transition, and in particular with the project, the company hired two new executives. Let me give you an example. They distrusted each other.
That's because information technology — not just the Internet, but also mobile devices, " big data " for intensive data-crunching, and other computer hardware and software — will render even some of today's most proficient business processes obsolete by the end of the decade. I see three big opportunities: 1.
Perhaps the biggest challenge for sales ops leaders is delivering a huge diversity of work, while operating in a constantly changing business and technology environment. Such individuals have credibility with top executives, and generally crave creativity and variety in their work.
What has happened is that in the name of speed and efficiency, local managers and their employees have been equipped with web-based technologies, which is potentially a good thing: The right kind of system can empower workers to improve the customer experience and engage in a dialogue with the clientele.
But while your company may have a business or IT strategy that incorporates digital technology, an IT strategy does not equal a digital strategy. Because most IT strategies treat technology in isolation. Organizations looking to create revenue from digital technology need a strategy that is more powerful than digital substitution.
A potentially catastrophic technological problem, an incomplete crisis response plan, misleading early information, divided private and public authority, ineffective initial actions. The possibility of a well blow-out was explicitly addressed by systems, processes and technology. Yet, neither BP and the U.S.
I will onshore, offshore, outsource, insource, or execute whatever business strategy I implement without regard for diversity. Do you really want to financially incentivize your executives to make hiring decisions that place a greater value upon diversity mandates than qualifications?
economy as a whole, rather than the narrow, specific slices of technology or communication, the first decade of the 21st century did not generate expected growth in jobs, revenues, profits, or stock prices. The business press puts a tremendous focus on technology and innovation, but what it doesn't do is put it into context.
Like their 21st century successors, top executives of the ’50s weren’t typically fans of Washington playing too large a role in the economy. Today, by contrast, GE does all it can to escape taxation, in large part through “ innovative accounting that enables it to concentrate its profits offshore ,” as the New York Times characterized it.
While there is a lot of Hadoopalooza in the technology press about the tools for managing big data, and they are wonderful, it's also true that they are a) widely available, and b) mostly free. They can also interface with carbon-based lifeforms — senior executives, product managers, CTOs, and CIOs. You need them.
On paper, the project seemed like it would be a hit: The investment by the mining company would bring jobs and 21st-century technology to an economically poor area and tax revenues to the government. Given these findings, how should executives approach big projects in locations they may not know a whole lot about?
First off, if the company doesn''t have a CSO and the chief executive thinks the "S" has something to do with sustainability, just fire him. We''re not a technology firm." "We Executives should understand four basic points about security: A well-executed data breach is potentially more dangerous to your business than a recession.
The study, which focused on large companies with more than $500 million in revenues, also involved in-depth interviews with high-level executives about the factors driving their decisions on where to locate their manufacturing. In the future, many commoditized products will continue to be made offshore. As a result, the U.S.
The company involved is a large, well-known technology and services vendor, with over 5 million businesses as customers, 50 major product and service categories, and hundreds of applications. Using traditional human-crafted modeling, the company once employed 35 offshore statisticians to generate 150 propensity models a year.
Harnessing the power of machine learning and other technologies. Executives must think carefully about how to best match people and machines, bearing in mind that many of the decisions they make today will have a long-tail effect on workforce composition, productivity, and profits for years to come. Insight Center. Sponsored by SAS.
Technology has emerged as a competitive weapon in driving operational excellence and superior service quality. Because banking has since become a technology business, the future is for entities that offer top-grade personalized banking services to customers, largely driven by low-cost automation. Data consolidation. What works in U.S.
This narrative has rested on three propositions: that globalization is a major driver of growth and prosperity; that technological progress enriches our lives; and that shareholder returns reflect businesses’ contributions to societal progress. The same goes for technology.
So Bill, is the problem here — if there is a problem here — our corporate tax code or our corporate executives? There’s $140 to $160 billion of offshore cash, $100 billion of it is in Ireland. If companies are going to move technology ownership outside the United States, then you pay a substantial tax on that.
Yet, the imperatives of offshore facilities and employees are — and will remain — central to American companies' international competitiveness. Offshoring and outsourcing today are like sex in the Victorian era: repressed or criticized in public discussion, much practiced in private behavior. Business Purpose.
Western business people are ensnared in low-level court proceedings in China far more regularly than is reported in the West, the risk remains low of a retaliatory move against a Western executive of similar status to Meng. national security concerns because they incorporate Chinese technology into their end products.
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