Creating best solutions in an intelligent way

Today, many organizations are facing a crisis of data explosion. This information is so vast and dynamic that needs to be managed into defined, structured and useful information. Corporates use BI as a weapon to fight any fraud, abuse of material and to improve their business because it empowers decision makers at all levels of management.

Business Intelligence is also known as data warehousing as an organization’s information is consolidated to provide quick notifications of the organization’s business expectations, advanced reporting and analysis capabilities. This provides the ability to compare data in order to improve tactical and strategic management.

The process that enables Business Intelligence entails clear definition of business requirements, translated into technical terms by means of Extracting, Transforming, Loading / presenting data, often referred to as ETL or ETP.  Transformation of data into meaningful information requires the application of specific context, derived in a flexible manner. One of the biggest challenges in developing a data warehouse is determining the value of the data you keep. The successful data warehouse will be the result of a balancing act.

Good business Intelligence is the heart of every Organization and data is king, an enabling technology that provides the right context to the right person at the right time, which in turn gives an organization the insight they need to achieve real business agility.

Arowana’s Business Intelligence helps you to understand and embrace strategic planning for business growth, by identifying key trends and patterns in an organizations data. Arowana grants a 360 degree view of the business, enabling one to easily share data across business and give immediate access to vital customer and financial information. There are various tools which we use to integrate the information at fingertips for our customers.

While historically, business intelligence may have provided information at a management level only, extending the reach of business intelligence is becoming more important than ever. Simple, easy to use tools can be used by anyone across the business, helping you to share information across different departments and therefore save time on reporting and analytics.

The right approach to delivering information to the business is innovative thing and flexible designs. An organizations business may survive without applying BI, but must be tactfully enough to outsmart their competitors.

The best way to create smart solutions in an intelligent way is by warehousing unstructured data into an informative pile, track down all changes and influences that occur in a business with easy to use, cost efficient business tools.

Shopaholic Women, the Ecommerce Fuel

It is probably one of the oldest stereotypes that, women ‘Love to shop’. Well! Not all women do, but a majority does. Men on the other hand may not enjoy the activity as much as women do, there is a handful who love to scroll the net and scamper through a few racks. If not clothes and shoes they are gadget crazy shoppers. This is not just a mere stereotype, there are researches which back up these theories, using these theories Ecommerce markets grab the big piggy bank.

Women are indeed the Rocket fuel of Ecommerce. Forbes quoted an insightful study by Aileen Lee, Partner at Kleiner Perkins Caufield and buyers, which states why women dominate ecommerce. Women are majority users of social network around 55 % of social networkers are females. Her point is not just to be proud that women purchase more shoes or books or surf for more restaurants online than men, but rather to point to the business reality that women are the dominant purchasing population. Women are 70% of the customer base and they drive 74% of revenue.

Having said this Large Ecommerce companies in India such as Myntra, Flipkart, Amazon, Ebay are making use of this information in a very smart way. They know that woman are amplifiers and routers of the social web, placing women as their targets strategies are built  to sell and market branded goods.

Ecommerce uses big data analytics as their secret weapon to target their audience. Keeping in mind that there has been exponential growth in digitalization and prevalent social media experience, ecommerce uses big data tools to collect, manage, dispense and control structured and unstructured product information across B2B commerce channels. Accurate online content informs customers, builds trust, and helps to improve the opinion of the brands; this also gives their customers better shopping experiences.

There are a wide range of ecommerce softwares like shopify, 3Dcart, volusion, big commerce, pinnacle cart, Go daddy. These are fully integrated ecommerce software solution packages that gives the website owner control of all aspect of the website, not just a product catalogue. Imagine a website that would allow your customers to place an order for your goods and when they sent their order to you, your stock or inventory database will be updated immediately, outwards goods are notified and the customer is sent an advice from packing staff when the goods are shipped. With these smooth functioning reasons and plenty of crazy women shopaholics who get lured into the sirens of the sea of ecommerce, retailers have their money bags full.

What do shoppers look for?

Traditionally women take hours to shop; most of them love to look at ten options to buy one that suits them best. Several women window shop, for best buys wait for the End of season sale to buy the same at discounted prices. Ecommerce allows a shopper to spend hours surfing the net for hundreds of options, compare and buy and many other options. Ecommerce is basically a process of searching for and selecting products from online catalogues and then checking out with various payment options.

A shopper finds this delightful as sites offer attractive discounts, lower prices and varied options in comparison to mortar stores. The product gets delivered, with tracking details, pay on delivery option, neat packages and the last but the best option 30 day return policy. You don’t like it tell the retailer why and it is exchanged with money back offers as well. 

An ecommerce retailer benefits at the same time. As the analytics saves time by reducing paper work, errors in keying in data, shorter lead times for payment and return on investment in advertising, faster delivery of product. They also have the ability to handle complex situations, product ranges and customer profiles without the situation becoming unmanageable.

Conclusion

In e-commerce, female purchasing power is also pretty clear.  Sites like Zappos (>$1 billion in revenue last year), Groupon ($760m last year), Gilt Groupe ($500m projected revenue this year), Etsy (over $300m in GMV last year), and Diapers ($300m estimated revenue last year) are all driven by a majority of female customers.

Aileen Lee says, “Women in tech have been missing a key insight. If you figure out how to harness the power of female customers, you can rock the ecommerce world of business.”

Come to think of it none of us can put down those attractive extra 50 percent offs from Myntra or Flipkart, that too when they keep flashing up on your screen and you suddenly recall that it was your last glance on that particular ecommerce site, and we do end up shopping.

References: 

http://www.unilogcorp.com/pdf/Big-Data-Analytics-in-B2B-ecommerce-v2.pdf

http://www.bustle.com/articles/19853-why-do-women-like-to-shop-more-than-men-stereotype-or-not-researchers-have-their-theories

http://www.dynamicwebs.com.au/tutorials/e-commerce.htm

http://techcrunch.com/2011/03/20/why-women-rule-the-internet/


Find out more about Arowana: www.arowanaconsulting.com

        

Corporate Treasurer’s challenging Role

A treasurer in any department play’s a key role. Any institute, industry or a large organization will have a treasury section which requires knowledgeable people to handle it.

Treasury is a sector which involves several key risks related to interest rates, credit, currency, commodity and operations. Large organizations face some or all of these risks to varying degrees. Corporate treasurers generally manage corporate finances and ensure a judicious use of surpluses in Investments and money markets.

Treasurers serve as financial risk managers that seek to protect a company’s value from the financial risks it faces from its business activities. When a risk arises, it can arise from any and many sources, the role requires an understanding of many businesses and the ability to relate and communicate with various financial professionals.

Much before the 20^th century, many companies were small, family owned and family run, but toady with the evolution of public ownership many large international conglomerates have boomed that trade publicly on one or many global exchanges.

The CFO (Chief Financial Officer) is responsible for analyzing and reviewing financial data, reporting financial performances, preparing budgets and managing financial expenditure and costs. Along with checking the corporation’s financial health, integrity and security, he is also responsible for carrying out the Board’s directive in organizational policies associated with the financial exposure of an organization, while transacting any third party financial arrangement. Adherence to policies will be monitored to avoid preventable financial exposure.

In many Banks and corporate organizations, lack of proper risk management leads to several external influences. There are many corporate solutions in the Market to handle these risks. Majority of these risk management tools comes with a large numbers of bells and whistles, making the product expensive or difficult to use and manage.

What an organization requires is, fully integrated solution covering cash, debt and investments, financial risks treasury accounting, basically a straight forward Treasury and Risk management solution. Companies need to ensure that their corporate financial strategies are appropriately aligned, then ensure the returns are adequate and that appropriate risk management techniques are deployed. 

It is clear that executive management and corporate treasury departments have and will need to respond to this new environment. Secure banking relationships and sources of financing have become more precarious.

Executive management now requires more information and reassurance. Assumptions about risks and hedging strategies will routinely be more robustly challenged and tested. Corporate treasurers will need greater knowledge of the financial markets together with the ability to make strategic assessments and communicate them effectively to executive management. It is likely to be an exciting and challenging time to be in treasury management.

Arowana Consulting Limited, joined hands with certain leading Corporate Organizations and Treasury Domain experts to develop a simple product called Arowana Risk and Treasury Solution (ART) which is suitable for any Corporate Organization, involved with day to day Market operations in the Money Markets and Currency Markets.

Treasurers are increasingly assuming more strategic roles in companies. They have moved beyond managing working capital to becoming increasingly involved with working with a company's senior management to manage risk and boost the bottom line. 

Arowana’s Engagement Modules

In the present age of growing technology small and medium sized businesses are unable to utilize technology and software tools because of expense and difficulty in implementing a proper solution which can be easily maintained. Unrecognized by them, in turn limits opportunities to engage with their customers on daily basis. A company requires a robust platform which is a perfect communication tool which seamlessly integrates with a simplistic calendar ensuring that every organization who works with us can benefit through our module.

We enable our customers to engage with us through a 24/7 myriad of engagement modules which are flexible and efficient. Arowana maintains an Offshore Development Center (ODC) in India and on-site support centers essentially to provide cost-effectiveness to its Partners and Clients. Arowana’s approach is to have a pool of specialized multi-disciplinary resource available to its Clients on, as-needed basis. We organize and manage the team, supervise the project life cycle and constantly train and keep the Team updated with the latest development concepts and technologies. 

Arowana’s engagement models are convenient, flexible and customer centric.  These engagement models are designed keeping our clients and customers in mind covering the entire spectrum of our Services. Our services Include Technology, Application Development & Management and our Centers of Excellence. With an excellent team of very skilled and competent staff that can render off-shore or on-site services and support which are at par with industry standards.

This module aims to provide a different experience from other modules. It offers the opportunity to explore some the best principal delivering with quality. These models are so designed such that Organizations can reduce costs, get  superior returns on investments and obtain access to the latest technologies.

Arowana’s Engagement Modules includes Time and Materials, Fixed Price and Time, Hybrid Model and Joint Development with or without a special purpose vehicle. 

We give our customers the space to specify the skills, and we will provide them with the needed resources on at an agreed rate. These resources will work either off-shore or on-site for a specified period.

The next module is a widely accepted model, where we sit together and arrive at an estimate based on the Scope of the project. Arowana will also commit to full cycle of testing , implementation, assist in global roll out and deliver a full set of documentation.

When Organizations cannot allocate for full time resources to work on the project, our Analysts and Domain experts will study the requirement and translate it into a working solution which is a combination of time and material used known as the hybrid module.

Organizations are allowed to use our resources to develop products for them; this is called a joint development. Here both of us mutually benefit from the development. The Domain can be given by the Organizations.  The Project can be initially implemented and established internally and then the Project can then be productized and commercially deployed in other organizations.

Arowana will be quite flexible and can help Organizations leverage their internal processes commercially and profit from the joint venture. The Special purpose of this vehicle is not a must to be used in the same manner stated as there can be many models of engagement, within this model itself, which can ensure smooth operations. We arrive at a working relationship depending on the market conditions, risk appetite and focus areas that are important to Organizations.

Arowana establishes a relationship that is ethical, viable, and fair to all parties concerned, secure and sustainable through its engagement modules.

Arowana’s Solutions

At Arowana we understand that ‘off-the-shelf’ products and solutions cannot fully meet any Organization’s automation requirements. Tailor made solutions will then have to be built to work in conjunction with the software to bridge the gap.
‘Off the shelf’ products come with many unwanted bells and whistles. All these come at an additional cost. Besides they need additional investments in both Hardware, in licences and they consume valuable resources which in turn creates a pressure on Infrastructure.
As a CMMI Level 3 Compliant Organization, we have systems and processes in place. We are passionately devoted to agreed timelines and Quality. Our well-equipped Development centres are staffed with competent delivery teams that can handle projects in emerging technologies. Our Development teams are trained routinely on all technologies. We have an In-house Quality Testing Centre of Excellence with skilled resources and latest tools which, certifies all releases after comprehensive testing.
Arowana understands the challenges in Managing and implementing projects. We have competent in house functional consultants, Solution Architects, technologists and Business Analysts that can understand your Business, accurately scope the tasks to deliver the products and solutions needed. One of the biggest concerns is often the interfacing capabilities of the solutions. This is where Arowana’s vast experience is Product and solution engineering comes in. We can provide solutions that can be optimized to suit your requirements and work seamlessly with your existing investments, to enable you to get a good user experience.

Our Consultants and Analysts will study your existing investments, understand your pain areas and work with you in building solutions that will enable you to increase efficiencies.  Arowana will be a reliable and credible partner in your endeavours to achieve better utilization. We can help you upgrade and use emerging technologies to leverage optimum results in your pursuit for growth.

Arowana an IT Service Provider

Arowana an IT Service Provider

From products that help airlines manage and fly their staff better to offering services to stock markets on mobile platforms, Arowana is a company which expands itself in the world of new-generation IT solutions.

Established in the year 2006, Arowana has grown its way around the IT markets, creating products for the present and future needs. With an aim of global reach and local presence we have extended our clientele across Middle East, India, USA and Africa.

Safety and quality are of the greatest importance to any customer, being a company appraised at CMMI Level 3 we assess every new project in a defined manner and deliver them with precision.

We maintain a business standard while delivering our solutions to your business needs. Building on more than 10 years of experience in various domains and centers of excellence, we have come out with various products and services with proven success. We are now placing ourselves firmly in global markets. We keep moving ahead to bring about, “World Class” products.

Arowana has teams of highly experienced professionals, who have deep understanding of your business needs; we access to appropriate technologies and custom our solutions to specific requirements.

Our Centers of Excellence fosters best practices and implements a continuous improvement process for a practice, keeping in mind the changing dynamics and improvements happening in the practice space.

Our centers of excellence focus on Oracle products like consulting, implementing, training, roll outs, upgrades, provide business analytics using Hyperion practice and planning. Our current focus is on providing services and applications through secure cloud computing platforms. We also continue to invest heavily on delivering meaningful Business Intelligence through Big Data Analysis.  Using internationally approved methods and equipment’s we test your products to meet quality requirements. We provide training to our project handlers so that they use hands on approach while handling projects and tasks.  Our CMMI Compliant development and management helps you in engineering your product with quality assurance using the best applications to develop our products and services. Our existing range of products and solutions are built to work across platforms and data bases. With the growth in technology and use of products and services developed on mobile integrated platforms, we provide products that can be used on mobile platforms.

As a customer, quality is an important factor to you. Our client- focused understanding helps us to use innovative approaches while developing products under our areas of excellence.

Our products and Solutions are developed based on various verticals like Aviation, Telecom, Manufacturing, Retail, Real estate and Master developers, Government, Banking and finance sectors, Public sectors and Healthcare.

As globalization has transformed the world’s markets, consumers look out for new and innovative products which meet their required standards. Technology plays a key role in product development as well as product use. Technology has transformed the use of products the end user expects uniform systems which can manage varied manual tasks making it simple to use.

The solutions provided by Arowana are tailored to meet the needs of various industries. We work with ease and flexibility. We have the experience to deliver the right solutions for your business.

We strive to improve our products with quality and precision.