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Author: Andres Zunino

Contratos leganes con blockchain. Suscribo y ZirconTech logos.

SUSCRIBO-Contratos Digitales y ZirconTech anuncian alianza estratégica para trabajar en el desarrollo de soluciones de contratos inteligentes en Latinoamérica.

SUSCRIBO-Contratos Digitales es una compañía formada en el año 2019 por inversores de diferentes países de Latinoamérica con el objetivo de prestar servicios de digitalización de contratos, firma electrónica y automatización de flujos de negocio utilizando tecnología de smart contracts basados en blockchain.

En marzo de 2020 SUSCRIBO emprendió la búsqueda de un proveedor y socio de tecnología orientado a la especialización en contratos inteligentes para actuar como representante y distribuidor de servicios en la región latinoamericana (LATAM). Durante este proceso de búsqueda, SUSCRIBO optó por ZirconTech como aliado de trabajo en todo lo referente a identificar, evaluar, seleccionar y poner en marcha un servicio de Software as a Service (SaaS) de contratos inteligentes para personas jurídicas y naturales, de naturaleza pública y privada.

ZirconTech es una compañía que ofrece servicios de tecnologías de la información, conformada mayormente por un equipo de profesionales latinoamericanos con más de dos décadas de experiencia en desarrollo de sistemas, soporte e implementación de tecnología; ZirconTech es especialista en blockchain, internet de las cosas, computación en la nube, aplicaciones web y móviles, big data e inteligencia artificial.

Toño Rumbea y Martin Machin, representantes de SUSCRIBO y ZirconTech coincidieron en expresar que “Tras la pandemia de COVID-19, es probable que solo sobrevivan las instituciones que logren digitalizar y automatizar lo antes posible sus procesos y sus archivos contractuales de papel, incorporando la gestión de obligaciones contractuales con otros sistemas empresariales de firma digital, gestión, facturación, cobros y analítica”.

A partir de esta alianza estratégica, los integrantes de SUSCRIBO y ZirconTech llevan a cabo acciones de investigación, ensayo y desarrollo. Actualmente, los especialistas han unido de manera exitosa flujos contractuales inteligentes con CRMs y ERPs de clientes; a la vez que ejecutan proyectos de integración con APIS bancarias transaccionales, con bases de datos tipo buró de crédito e índice de precios, y finalmente actividades con sistemas de firma y certificado electrónico según jurisdicciones. Ambas compañías trabajan también en la estructuración de un componente de soporte técnico en back office para clientes en América Latina.

Más información sobre nosotros en www.zircon.tech

Más información sobre SUSCRIBO-Contratos Digitales en www.suscribo.com

Data Integration Benefits. People working to integrate data.

What is Data Integration?

Thanks to Data integration, your company can use data collected from different systems in a unified way. So the unified data transforms into a more valuable asset for your business. Among all the data integration benefits, one of the main ones is helping people inside the company work better and do more for your customers. But when a company doesn’t use data integration benefits, people in the company don’t have the means of obtaining the data from the business’s different unintegrated systems. 

Clients may receive emails from different areas of the company requesting information that the clients have already delivered. But other areas of the company cannot access the same information because the information systems aren’t integrated. Sometimes unintegrated systems lead to data being shared manually via spreadsheets or emails, which increases the probability of mistakes in the future.

Another of the leading data integration benefits is helping to avoid this kind of problem in modern companies. In this way, information can be shared between ERP or CRM systems and vice-versa. This way, everyone in your company has the needed data to work properly.  Mistakes are eliminated, and the whole business gets the benefit out of the available systems. 

A Short Story of Data Integration

In the past, communicating information within a company, such as purchase orders and invoices, was made traditionally on paper. There were isolated systems in a single company that can produce some batch processing that could send data from one to another through an electromagnetic device or just paper. 

Although Electronic data interchange (EDI) was created in the early 70s, the use within and between companies was not very spread.Technical standards like EDI appeared to facilitate businesses communicating information electronically. EDI replaced paper and used electronic means to share information within companies.

Word of 1990: Data integration benefits

In the middle of the 1990s, the National Institute of Standards and Technology defined Electronic data interchange as the computer-to-computer interchange of strictly formatted messages representing documents. In those years, the different systems inside a company weren’t integrated.

So the 1990s were about breaking down internal walls. Companies were confronting the challenge of integrating and redesigning enterprise processes using ERP (Enterprise Resource Planning) systems. But at that time, enterprises transacted with each other via mail, phone, and fax. These interfaces were cumbersome, slow, labor-intensive, costly, and prone to generating mistakes that caused delay, error, overhead costs, and limited communication. 

With the advent of the internet, more and more organizations were connected. Finally, most or all EDI communications were moved to the Internet. The connection was the solution and the internet-enabled high-quality fast connections with the right amount of data.

World of 2000: Data Integration Benefits

The 2000s were about breaking down external walls by integrating and redesigning inter-enterprise processes using the Internet. A fast, cheap, and ubiquitous communication system. A tool for changing how companies worked together. A catalyst for reengineering inter-enterprise processes. Virtual integration enabled multiple enterprises to work as though they were one through processes that ignored enterprise boundaries.

Different Problems of Unintegrated Data

Independent databases

Enterprises that work together nonetheless use separate databases for operations and decision-making. These databases are separately maintained and therefore inconsistent, and they each reflect only part of the overall situation. 

The consequences of this kind of practice are:

  • Sub-optimization
  • Slow cycle times
  • Reconciliation costs. 

The solution to this problem is Database Coordination. Here we find another principal data integration benefits when different departments within a company can work collaboratively with shared data.

Innumerable interfaces

Enterprises have many individual and independent interfaces with other enterprises. These transactions are of small scale individually, and collectively they represent a complex system. The consequences are confusion, redundancy costs, and missed leverage opportunities.

The solution for these problems seems to be the combination of multiple interfaces and multiple transactions into one. These practices benefit from reducing transactional overhead, generating consistent interfaces, and economies of virtual scale. These are other kinds of data integration benefits too.

Fragmented Processes

Enterprises are managed as self-contained entities, performing processes that fit entirely within their boundaries. These processes are, in fact, merely fragments of more extensive inter-enterprise methods. The consequences are redundancy, sub-optimization, and unnecessary overhead. The solution for these problems is compression. So, by treating an inter-enterprise process as a single unit, it is best done. 

This practice has different benefits as:

  • Overhead costs are reduced.
  • Improvement of tasks and process performance.
  • Elimination of redundant activities.
  • Strategic focus.

Companies can  improve their performance by:                                    

  1. Streamlining interfaces (connecting)
  2. Sharing information (coordinating)
  3. Aggregating interfaces (combining)
  4. Integrating processes (compressing).

The benefits of these practices can be the elimination of non-value-adding overhead created by enterprise walls and the improvement of their performance by leveraging other enterprises. Putting a Web site in front of lousy processes merely advertises how lousy they are is not the right business solution. Companies need to integrate benefits internally to integrate externally. This way, they are experiencing data integration benefits.

For each problem, we can help you to implement the best solution. Fill out the form, and let’s chat.

Data Integration Architecture

According to Philip Russom’s article today, many data integration specialists still build one independent interface at a time, which is inherently anti-architectural. And a common misconception is that using a vendor product for data integration automatically assures architecture.

But if you don’t fully embrace data integration architecture, you can’t experience data integration benefits. You will not get to know how architecture affects data integration’s scalability and ability to support real-time, master data management, and interoperability with related integration and quality tools. 

Complexity is the main reason why data integration needs architecture. Data integration affects data flow from diverse source systems like operational applications for ERP, CRM, and supply chain, where most enterprise data originates. Through multiple transformations of the data to get it ready for loading into diverse target systems like data warehouses, customer data hubs, and product catalogs. 

Since these are various types of applications, database brands, file types, and so on, all these have different data models, so the data must be transformed in the middle of the process. Then there are the interfaces that connect these equally diverse pieces. And the data doesn’t flow uninterrupted, or in a straight line, so you need data staging areas. Simply put, that’s a ton of complex and diverse stuff that you have to organize into a data integration solution to profit from data integration benefits. 

That is why nearshoring a data integration partner will ease the process. Not all vendors are qualified; we suggest this article to find yours.

Goals of Data Integration Architecture:

Data integration architecture imposes order on the chaos of complexity. It makes companies serve from data integration benefits by achieving specific goals:

1) Architectural patterns as development standards: Most components of a data integration solution fall into three broad categories: servers, interfaces, and data transformations. With that in mind, we can think that Data integration architecture is simply the pattern made when servers relate through interfaces. An architectural pattern is to provide a holistic view of both infrastructure and the implementations built on it. 

2) Simplicity for reuse and consistency: When development standards and architectural patterns are applied to multiple data integration projects, the result is simplicity, which promotes the reuse of data integration development artifacts and increases consistency in handling data.

3) Harmony between common infrastructure and individual solutions: For a solution to be organized in preferred architecture, the infrastructure must enable that architecture. Mostly the data integration production server and the interfaces it supports. 

The most common architectural pattern for data integration is Hub-And-Spoke architecture. In this architecture, inter-server communication and data transfer pass through a central hub, where an integration server manages communications and performs data transformations. 

What is the GDPR? 

The General Data Protection Regulation (GDPR) is the most robust privacy and security law in the world that was put into effect on May 25, 2018. This Europe’s data privacy and security law include a significant number of requirements for organizations around the world. 

It imposes obligations onto organizations anywhere, so long as they target or collect data related to the EU people. The GDPR has the power to impose harsh fines against those who violate its privacy and security standards, with penalties reaching into the tens of millions of euros.

Thanks to the GDPR, Europe signifies its firm stance on data privacy and security when more people are entrusting their data with cloud services, and breaches are a daily occurrence. The regulation itself is extensive, far-reaching, and relatively light on specifics, making GDPR compliance a daunting prospect, particularly for small and medium-sized enterprises (SMEs).

It’s worth mentioning GDPR in this context because when you harness the power of data, integrate all your internal databases, and enrich your systems with aggregated and external data, you have to look at the regulations and be compliant.

What is DataOps?

In this article, Andy Palmer tells us that large companies are experiencing a foundational shift in how they view and structure their data. 

Nowadays, organizations capture more data than ever before and store it in an ever-increasing variety of data stores. The accumulation of data over time makes companies struggle to manage that tremendous volume of data. 

For decades, companies’ data environments have been deeply fragmented and virtually impossible to integrate at scale. Indeed, even basic questions about the business, like “Who are my customers?” can’t be answered consistently. This reality is making companies accept that they need to start managing their data as an asset, and It’s time to rethink priorities and start putting the “data horse in front of the analytics cart.”

Data Operations (DataOps) is a methodology for companies where people process data from different business data sources quickly, regularly, and reliable. The concept is that the best way to increase the velocity of new features being delivered in software is by using a continuous build, test, and release process with a strong emphasis on QA automation. 

Companies expecting to compete based on analytics need to empower analysts with easy access to updated unified data logically organized. By implementing a data curation process that is integrated, repeatable, and scalable, it will be possible for a business to serve from data integration benefits, achieving the analytic velocity necessary to create a competitive advantage.

Data Integration Benefits 

According to this article from youredi.com, Cloud-based integration platforms have started to become quite popular lately. Below you can read about seven main Data Integration Benefits that companies can see once they have switched to cloud-based integration platforms: 

1) Easy and fast connections: Developing connections have been a painful task that took a long time, even months sometimes. Point-to-point hand-coded integrations are time-consuming and risky. When you need to integrate data sources internally, you want to ensure that it happens as quickly as possible. Doing data integrations in the cloud seems to be the best new way. It is easy and fast because of the pre-built adapters and connectors that can be easily replicated.

2) Integrate data from multiple sources: When your company uses tons of applications, systems, and data warehouses. Better collaboration must connect all the different data sources to utilize the value of insights. Once all the information is available in a single place in real-time for all the right stakeholders, your company will be able to use the information for improving processes and providing better services.

3) Availability of the data: As Data Silos are not sustainable, companies need to have the data available for all the right stakeholders in one place and in real-time. So, it’s essential to connect all the data sources to obtain all the necessary information in a single place.

4) More insights bring improvements: Once your company has all the data available in one place, you will be able to better utilize the available information. When you can use the data, you will have better intelligence on your operations and customers. You will be able to make better decisions based on the available information and improve your processes.

5) Better collaboration: When your company needs to improve the cooperation internally or with your trading partners, you will do so thanks to the Data Integration Benefits. By automating the flow of information will have a positive impact on how you do business. Your teams and stakeholders will achieve better collaboration because they have more information at their disposal.

6) Data integrity and data quality: Data integrity is an essential element of data integrations. Data integrity is the assurance of the consistency and quality of the data through its entire lifecycle. Using a data integration platform can give your business the ability to define validation rules. You can design processes that check the information and forward the damaged information back to the sender for correction.

7) Increase competitiveness: Having a data integration strategy for your company can help you plan what actions you need to take to improve data accessibility both externally and internally. This way, your company will be able to impact a lot of vital parts of your business. 

Finally, we can say that thanks to these seven Data Integration Benefits, people inside your company will be able to:

  • Work better among them and do more for your customers.
  • Use data collected in a unified way as a valuable asset for your business. 
  • Offer better services to your customers than your competitors.
Data Management Lifecycle Best Practices. People analyzing data.

Pandemic and isolation during 2020 have left us many lessons. Of course, it was a challenging time, full of limitations, uncertainty, and new challenges. But also full of valuable opportunities in the personal, work, and business fields. We don’t know how much time the pandemic will last, but there is a light in the darkness. It’s the certainty that the world has changed because people’s behavior has changed, and also, IT companies have changed forever. 

The operation, objectives, and challenges of this sector are going through the most significant change in the last twenty years. And most of these changes are related to the data management processes. We have never experienced this high level of data collection before. The pandemic and isolation have forced all companies, especially IT companies, to obtain more users’ data. Data that needs to be managed, processed, stored, and protected after being acquired.

Data Is the New Oil

Lately, I read an article entitled Data Is the New Oil of the Digital Economy that talks about how the 21st Century’s digital economy data were like oil in the 19th Century. Although oil was discovered in 1859 when Edwin Drake drilled, produced crude oil, and gave birth to the modern petroleum industry. The oil industry was extensively developed until 1870. When John D. Rockefeller and Henry Flagler with the Standard Oil Co foundation. Standard Oil Co. succeeded in dominating the oil products market thanks to its innovation in the oil industry. This company worked hard optimizing the production, logistics, costs, and business trust at that time. 

We’re undoubtedly in a digital economy where data is more valuable than ever. But, while oil proved to be a limited and harmful asset, data collection can be a true elixir for digital businesses. There will be huge rewards for those who learn how to extract data first—those who first prepare their information systems and start collecting. Here are some interesting facts about the digital data economy in the 21st Century:

  • Digital transformation is accelerating: New disruptive technologies as Virtual and Augmented Reality technology, Robotics, IoT (Internet of Things) are reshaping the way most businesses are functioning today.
  • New technologies such as AI, ML, and the cloud are transforming how IT businesses use data management processes. 
  • 21st century IT companies have the urgency to learn about processes such as Data Management Process, Data Lifecycle Management (DLM), and Information Lifecycle Management (ILM).
  • Data collection and analysis will become by 2030 the basis of all future service offerings and business models. 

What is a Data Management Process?

If data is the new oil, we can say that a Data Management process includes acquiring, storing, protecting, and processing that oil. Suppose you aim to turn your IT business into the next Standard Oil Company. So you need to follow the right process to ensure the accessibility and reliability of your data from users. Think of using Big Data to improve your business decisions and gain deep insights into customer behavior, trends, and opportunities. Also, to create extraordinary customer experiences.

According to this article from NG DATA, you need your company to use data management processes and platforms to make sense of the great quantity of data you need to gather, analyze, and store. Data management processes make some essential functions like processing and validating simpler and less time-consuming. Make use of a data management platform with the needed data management processes. It can allow your business to take advantage of large quantities of data from all data sources in real-time. Besides, it will enable more effective engagement with customers and increases customer lifetime value (CLV). 

It is essential to make use of top data management processes and data management platform because:

  • We are creating and consuming data at unprecedented rates.
  • These platforms give organizations a 360-degree view of their customers.
  • Data management platform allows businesses to gain deep, critical insights into consumer behavior.
  • These platforms give businesses a competitive edge to maintain in time.

Best Practices for Data Management 

An IT business needs to know the questions that need to be answered. So then, acquire the specific data that is necessary to answer those questions. This process will help to get the required insight to make decisions driven by data. To achieve this, IT Businesses need to do the following tasks:

  • Collect vast amounts of information from various sources.
  • Utilize best practices while going through the process of storing and managing the data. 
  • Cleaning and mining the data. 
  • Analyze and visualize the data to execute business decisions.

It’s important to consider that data management best practices result in better analytics that permits companies to optimize their Big Data. IT companies should try these data management best practices:

  • Simplify access to new and emerging data.
  • Debug data to infuse quality into existing business processes.
  • Shape data using flexible manipulation techniques.
  • Use data management platforms to gather, sort, and house their information.
  • Repackage information visualized ways that are useful to marketers. 

It is essential to count on a top-performing data management platform to give your employees the most accurate business information. This what they will be capable of managing all data sources in the best way for the whole organization. It is only through data management best practices that organizations can harness the power of their data to make the data useful. Data management best practices will enable your IT business to use data analytics in beneficial ways, such as:

  • To personalize and add value to your customer experience.
  • To identify the root causes of business issues in real-time.
  • To produce better revenues associated with data-driven processes.
  • To improve customer engagement and loyalty.

What is Data Lifecycle Management (DLM)?

According to this article from Bmc Blog, Data Lifecycle Management (DLM) involves entering a piece of data into a database. This way, employees can access the new data to make reports and analytics. Otherwise, it will remain in the database and eventually become obsolete. Data may have logic applied to different processes, but it will come at some point to the end of its useful life and be archived or purged. The concept of defining and organizing this process into repeatable steps for enterprise organizations is known as Data Lifecycle Management. And it can be made as an automated process to take data through its useful life. 

What is the difference between DLM vs. ILM?

Data lifecycle management is the reactant that pushes data from one stage to the next, from creation to deletion. DLM is all about a system designed to answer an essential question in data life: when should this information be deleted? On the other corner, we have another critical term associated with DLM. Information Lifecycle Management (ILM) seeks to answer another big question: Is this information relevant and accurate?

DLM and ILM are two sides of the same coin. You need to implement a robust system for data management processes or DLM to obtain an effective ILM strategy. DLM and ILM should form part of an organization’s overall data protection strategy. DLM is concerned with the whole mass of data, while ILM deals with what’s in a record. Ensuring that the most recent and useful records are accessible quickly and efficiently is the main target of a good DLM strategy. 

ILM has the valuable task of ensuring that every piece of information included in a record is accurate and up-to-date for the record’s useful life. A record becomes more and more obsolete as it passes through specified lifecycle stages. And when a document becomes obsolete, speed and accessibility are no longer prioritized for stale data.

Best Practices for Data Lifecycle Management  

There are no industry standards for enterprise data lifecycle management. But most experts agree that the different stages of the management cycle look like the ones you can see below:

  1. Data acquisition and capture: These occur at the beginning of the cycle when the organization obtains new information. This data could be in different formats as images or other types of Documents. At this stage, data entry professionals have the critical goal to ensure that the information they receive is as accurate as possible.
  1. Data Backup and Recovery: In the second stage, data entered into the system experiences some archival process that ensures redundancy. Active archives are an ideal storage method for businesses that need to store large volumes of data and have it accessible.
  1. Data Management and Maintenance: These processes make accurate data available in real-time for use and publication. To ensure that the record meets specific validations to be accessible for users. 
  1. Data Retention or Destruction: It is the final stage of the life cycle where data is retained or destroyed. But before destroying any data, it is critical to confirm if any actual policies would require your company to maintain the information for a particular time.

Benefits of Data Management and Data Lifecycle Management

Finally, I want to mention some benefits of these two powerful practices inside IT businesses. It is essential to manage large volumes of data. Your business needs to follow a strategy of Data Management best practices. Through these practices, companies can only control the power of their data and gain the insights they need to make this data useful.

In parallel with Data Management practices, there are also some benefits to why an IT business wants to implement Data Lifecycle Management processes. We can mention: obtaining compliance and governance, protecting valuable data, or making an ILM Strategy. All these benefits help businesses achieve greater agility and efficiency.

About ZirconTech:
A trusted partner that helps organizations thrive in their digital transformations. Mobility, Internet of things, artificial intelligence, big data, cloud computing and blockchain technologies. We can be your nearshore partner, contact us! 

Strategic IT cost optimization. Couple working on cost optimization.

When CIOs face cost optimization on IT companies they need to make a healthy balance between common IT spend, and investments in business innovation. The best strategies are those that pursue innovation while reducing unnecessary costs. According to Cognizant, Strategic IT Cost Optimization techniques are the right path to follow when CIOs want to prepare their organizations to grow. Always looking for the right balance between reducing IT spend on one hand, and increasing investments in innovation and IT improvement initiatives on the other. 

Strategic IT cost optimization process

IT cost optimization cannot be a one-time initiative, They should rather be a continuous process and a guiding principle for managing IT most efficiently. Although organizations can achieve an effective cost savings program, business uncertainty will continue to impact IT organizations. To overcome these situations, a CIO requires a strategic IT cost optimization program to:

  • Generate process efficiencies.
  • Improve the quality of service.
  • Build a stronger value chain.
  • Improve skill management.
  • Increase customer satisfaction.

Now we will focus on the benefits of a strategic cost optimization program. For this, we will follow a process to adapt IT cost optimization to organization goals. This process can help CIOs prioritize cost optimization initiatives by considering the potential cost savings and other benefits such as:

  • Time requirements.
  • Degree of organizational and technical risk.
  • Impact on customers
  • Investment required.
The Definitive Guide to IT Cost Optimization

IT & Business Alignment

Although this article is directed mainly to IT Companies, the concept of IT & Business alignment is an important goal that is not always easy to achieve. The IT & Business alignment integrates IT to the strategy and goals of the organization. To achieve this alignment organizations need to meet some key characteristics:

  • The organization must value its own IT resources as an instrument to enhance the business.
  • Must hold customer service, both externally and internally, at the highest importance.
  • It’s also important to rotate both IT and not IT business professionals across different departments and job functions. 
  • The organization has to provide clear and specific objectives to both the IT and  not IT business sectors. 
  • The organization needs also to create an inclusive business culture to unify the company as a whole.

IT Investment Optimization is the base stone in which lays IT & Business alignment. The following are the most important key point to achieve IT Investment Optimization:

  • Avoid declining IT budgets. 
  • Define new IT investment optimization goals
  • Identify investment opportunities.
  • Prioritize investment portfolio.
  • Develops ongoing governance.

Opportunity Identification

To identify IT cost optimization opportunities, a company should make an IT cost assessment. This practice can help find solutions to the business challenges identified through the merger or acquisition. It can also help generate increased utilization of IT resources and assets.

Alternate sourcing 

This can be an excellent practice when a company looks for a way to optimize IT costs. Every company needs to think about how many people it requires at its offices and how many it can have as outsourced. When thinking about the best outsourcing method, Offshoring can help to optimize cost by relocating activities into another country.

Nevertheless, Nearshoring might be the best option for IT companies that demand the best-qualified employees abroad, and that are linguistically and technically focused. Nearshoring allows IT companies to improve business efficiency but reduce the barriers of traditional offshoring because they outsource their processes to nearby countries. 

Get the ultimate offshore software development guide for CEOs. Download my ebook.

Cutting costs by renegotiating

IT companies can also seek out ways to save money through renegotiation with their vendors. And it can be a very productive practice because many vendors are in the position to negotiate. But it may be not an easy task, so it’s better to follow some important steps to renegotiating with vendors:

  • Consider the market data to support what is requested.
  • Don’t forget that you are trying to rebuild a pre-existing relationship. 
  • Take care of its long-term viability as well as achieving a reduction in costs.
  • Transmit to the vendor that your better financial health will probably translate into higher future orders.
  • Exchange a more favorable rate for a longer contract term.
  • Also, find out how you can help your vendor for saving money.

Standardization 

According to Gartner, rationalizing and standardizing enterprise applications is one of the best techniques to help CIOs turn to strategic IT cost optimization. It can reduce the application portfolio that always represents a large part of an IT budget. CIOs who standardize and rationalize their application portfolios can reduce and control costs. Savings can range between 15% and 25% of the application budget.

To adopt a standardized infrastructure can help keep in control the cost and enhance working quality. But always take care of how you are investing your organization’s money. It is important to do it with cost optimization in mind, to be sure that you are spending your business capital in the right way. 

Integrating, updating, and modernizing devices and applications were usually the core of every IT-specific cost-cutting in the past. But today new Cloud infrastructure solutions can help reduce complexities and simplify software administration. 

Realization of Benefits

The Realization of Benefits process will let you identify and measure your company’s benefits, enabling your business projects to be implemented with a clear vision of the delivery of outputs. To obtain a proper IT cost optimization you need to apply Realization of Benefits in areas such as software, hosting, networks, end-user computing, and IT overhead management. The following practices can help you with this task:

 

 

 

 

 

 

 

Infrastructure Rationalization

Gartner recommends that it’s a better plan to first simplify your existing systems, before spending large amounts of money to replace all your existing systems. To achieve this you need to identify existing assets. It’s a good practice to make an inventory of all servers and hardware currently in use and maintain it monthly. Then, you need to identify assets from that inventory list to be rationalized and consolidated. You can get advantages of this knowledge and make Infrastructure rationalization with the following actions:

  • Remove unnecessary assets.
  • Define common processes and tools.
  • Consolidate the number of physical locations where infrastructure is deployed.
  • Adopt virtualization to better utilize infrastructure assets.
  • Rationalize the variety of items in the infrastructure.

You are practicing consolidation when you reduce the number of physical servers, while you are practicing rationalization when you reduce the variety of different server types. Both practices can help you simplify your business IT infrastructure, but rationalization is often overlooked, even when most IT systems have underutilized or inappropriate systems. Consequently, consolidating without rationalizing will only perpetuate unnecessary functions in your infrastructure.

Global Sourcing

Your business can make use of practices such as Global Sourcing to obtain the highest levels of efficiency possible in goods and services from the global market. Many foreign suppliers offer their services at a competitive price, especially in low-cost regions. The main goal of this kind of practice is to improve service costs while maintaining the exacting quality standards required. But don’t forget that Nearshoring might be the best option for IT companies to obtain the best-qualified workers abroad. 

Application Portfolio Rationalization

Another good practice in the search for Realization of Benefits is the Application Portfolio Rationalization according to Apptio. It is the process of cataloging and eliminating duplicate software applications used across an organization. This rationalization practice can help you to improve efficiency by simplifying portfolio complexity. It can also help you to lower the total cost of ownership (TCO) for your business application portfolio. 

When your business application portfolio is aligned to business outcomes, it is when Application rationalization initiatives tend to be more successful. You need to identify a defensible and repeatable process to get the best benefit from your Application Portfolio Rationalization. 

To execute the best plan of action, focus one by one on every activity to maximize success. You can create an application catalog, assign costs, create a point system to assign a score to each application. Last but not least, maintain this as a continuous process to sustain momentum.

About ZirconTech:
A trusted partner that helps organizations thrive in their digital transformations. Mobility, Internet of things, artificial intelligence, big data, cloud computing and blockchain technologies.

Data Managment Benefits. People analyzing data.

Data is the new energy source. How are you managing data in 2021?

We can say undoubtedly that 2021 is the year when definitely companies have to work with data. Because it is the force that converts knowledge and insights into action. Companies need more than ever to understand its power, to identify the information that they have, and learn to make good use of it with solid practices of data management.

The use of the information has great benefits that companies need to use to achieve an advantage over their competitors. There is one important point that business managers need to have in mind about data management. And this point is that those who use it win and those who don’t suffer the consequences.

What is data management?

Data management depends more on the practices than the technologies that your business has. It combines certain practices like collecting, keeping, and using the information in ways that are secure, efficient, and cost-effective. The connection of different data sources like structured databases or unstructured information makes it possible to obtain the content and knowledge needed to make decisions and take actions that maximize the benefit to the organization. Today, a strong data management strategy is one of the most important practices that a company has to achieve. It’s an intangible asset that creates one of the organization’s major values.

How are you managing data in 2021?

In this modern economy, companies that don’t understand the importance of data management are less likely to survive because a company’s information is its most valuable asset. Data is the foundation of every modern business. Information and knowledge are the main tools to correct decisions and actions. I mean it when I say that data is the new oil. Certainly, information is today’s most powerful energy source for your business. But your company needs help to make effective usage of their data. 

First, you need to know exactly at which point of the data management process your business is. To know it, you first need to answer a series of questions. The industry has been talking about this for at least 5 years, but we are now in 2021, what are we waiting to take advantage of what we have and what we can achieve? Particularly in a pandemic time when the digital transformation only accelerates

Where is your business on the path to effective data usage?

Do you have data?

It seems obvious, but it is the first of all things to know when we talk about data management. Maybe your company needs certain information that it doesn’t have. So first, you have to prepare your company’s information systems to start collecting valuable data.

IT Cost optimization every CEO should do

There are certain practices that every CEO inside IT companies should have in mind when it comes time to deal with IT costs. In this article, I want to talk about 7 key points related to the best practices for IT cost optimization every CEO should follow.   

The 7 key points of IT Cost Optimization:  

  1. IT cost optimization is a continuous discipline
  2. The role of CIO
  3. Improve price and terms with your suppliers
  4. Consolidate shared services
  5. Achieve a standardized infrastructure
  6. Improve data management
  7. IT cost optimization budgeting best practices

  Let’s go now to the topics.     

IT cost optimization is a continuous discipline

There are common questions about cost optimization in IT like: How important is it? Is it the same as resource optimization? Is it just a budget exercise to meet numbers? Like any other problems in the field of cost optimization, we can face it from different angles. According to Gartner cost optimization is a business-focused continuous discipline to drive spending and cost reduction while maximizing business value.   

This includes:  

  • Obtaining the best pricing and terms for all business and IT purchases.
  • Standardizing, simplifying, and rationalizing platforms, applications, processes, and services.
  • Automating and digitizing IT and business operations.

The role of CIO

The role of the CIOs (Chief Information Officer) has changed tremendously in the last 10 years. In the past, they were in charge of bringing technological innovation to the company. But today, they have lost that prominence, and it seems that their main role is just to do the systems work and make operational IT spending as cheap as possible.    Now, more functional areas like CMO, CFO, or logistics are running projects of eCommerce or business intelligence within most IT companies. In these difficult times of COVID-19, It could be a good idea to remind them what the CIOs have to do.    They have to return to manage new projects in the functional areas. And for it, CIOs need to count on strategic partners with the best capabilities, at a reasonable cost, in the most convenient time zone.    

Improve price and terms with your suppliers

IT companies are frequently focused only on getting the best price for requested purchases. But they need also to keep an eye on some key items to improve the cost optimization:  

Key Items:   

  • Implementation support
  • On-site representation
  • Marketing cooperation
  • Training credits
  • Classes on-site
  • Less tangible benefits and compensation
  • Terms help optimize costs too

 This kind of practice makes that every dollar spent worth more for the organization. You need also to be careful with your vendor’s conditions. Try to always avoid this kind of practices:  

  • Being lock-in through contracts with high exit costs
  • Extremely long terms contracts
  • Incur in contract violations by working with a competitor 

These are important points that could limit your company’s ability to try new alternatives, move to new technologies, and achieve important innovations.  On the other hand, you need to implement good practices as a CEO to achieve the best results on cost optimization.

It will always be profitable to:  

  • Establish win-win relationships with suppliers
  • Improve speed and accuracy
  • Minimize the risk of new implementations

Consolidate shared services

It will be better for people in charge of the administration of Storage, System, and Network, to work under the same team. This way your organization will minimize rework, reduce duplication of efforts, and achieve consistency in operations.   Try to avoid pair application and production support services exclusively with the product groups they support. Because this can limit those resources from adding more value to the organization as a whole. Although these groups are part of the IT staff, their priorities have to be defined to the whole business benefit.   While still being part of their original business groups, the IT staff can provide knowledge, information, and the flow of ideas when they are engaged with other organization’s groups. This kind of practice can also improve the better balance and sharing of the business workloads.    

The Definitive Guide to IT Cost Optimization

 

Achieve a standardized infrastructure

To adopt a standardized infrastructure can help keep in control the cost and enhance working quality. Cloud infrastructure helps workers to check through the data and work in a much faster way. Cloud infrastructure can also save time, speed up the work, and help lower the cost of different processes and systems.    But it doesn’t mean that you can invest your organization’s money without any judgments. It is essential to do it with cost optimization in mind, to be sure that you are spending your business capital in the right way. Always be secure that you are getting the best return out of it.    Integrating, updating, and modernizing devices and applications were usually the core of every IT-specific cost-cutting in the past. But today new Cloud infrastructure solutions can help reduce complexities and simplify software administration.   If you are in the point of upgrading to a Cloud environment, the next point can be very useful for you:  

  • Adopting a hybrid, multi-cloud architecture is a superb idea to speed up processes.
  • The process of your organization will be very much agile and convergent within a cloud infrastructure.
  • To centralize control and administration it is better to unify diverse systems.
  • Implementing a Hyperconverged Infrastructure (HCI) can reduce the number of resources required to maintain all the elements of conventional “hardware-defined” systems by virtualizing them.
  • Although investing in HCI has high initial costs, it can significantly reduce overall data center footprint, maintenance, and support costs. 
  • HCI will add scalability, data efficiency, and faster deployment to your organization’s systems.

Improve data management

Data is undoubtedly a company’s most important asset. Therefore, it should be treated and managed accordingly. In addition to this, a survey by Harvard Business Review showed that cost efficiency is a significant benefit of a data-driven enterprise.   The important point is to give the right data to the right people at the right time. When organizations get strategic about data and analytics, they can introduce a data maturity framework that can save up to 25% of the company’s revenue.   The fact to achieve digitizing most of the repeatable internal processes can permit your organization to chase more business goals, maximize productivity, and improve ROI.   Gartner revealed that it is expected that two-thirds of customer experience projects will make use of IT by 2022, up from 50 percent in 2017. As most support questions are repeated, so these answers can be automated.    Customer support through chatbots, called virtual customer assistants (VCA), is becoming more common every day. Besides that, it is a more effective use of resources. This will make it possible that the support staff gives real attention to the customers with deeper issues.    Gartner’s study reported that organizations reduced up to 70% of call, chat, and email inquiries and a 33% cost-saving per voice engagement after implementing a VCA.      

IT cost optimization budgeting best practices

Budgets are a strategic tool: So it is better to spend to support certain goals and avoid spending in not essential areas.  

Manage your budget like it’s your money: Be responsible for what you want your team to accomplish. It’s a good practice to look at areas that you’ve fallen short in the past and analyze new strategies.   

Be transparent with your team: It is beneficial when your direct-reports know precisely what they can spend on new investing like new software or training. In the end, it will generate a more trusting relationship.  

Difference between cost optimization with cost-cutting: It is usual to confuse cost optimization with cost-cutting or reduction for some business managers, but they are very different concepts. Cost-cutting will aim to reduce the cost of every expense. On the other hand, cost optimization is more about spending the right cost at the right place.   

Regular Review and Monitoring: a regular audit of the entire system can help to understand the cost of the whole operation. It is a good practice to examine the methods used and the values they are adding to the workforce. This will serve to determine whether they are useful or not for the business.   

Nearshoring, Offshoring: You need a regular staff to manage your business offices. But hiring new employees requires a significant amount of investment. It is a good practice to think about how many people you require at your offices and how many you can have as outsourced. Then you have to think about the best outsourcing method.   With Offshoring, for example, the operating activities are relocated to another country. But Nearshoring might be the best option for IT companies that are linguistically and technically focused on highly qualified employees abroad.    With Nearshoring you outsource your business processes to companies in a nearby country. This method allows IT companies to maximize business efficiency but reduce the barriers of traditional offshoring. This way your regular staff will have easy communication with your outsource staff, due to the same spoken language, minor cultural differences, and within the same time zone.         

Final Words

To finalize let say that it is essential to get cost optimization, so you’ll know that you are spending the right amount at the right place, and getting a proper return out of it. Following the practices mentioned above can help make great IT cost optimization.    The global COVID-19 pandemic affected the economy remarkably. As a result, a growing number of businesses are looking into tactics that optimize IT costs. Be aware of the latest IT cost optimization initiatives with this guide: The Definitive Guide to IT Cost Optimization.

About ZirconTech:
A trusted partner that helps organizations thrive in their digital transformations. Mobility, Internet of things, artificial intelligence, big data, cloud computing and blockchain technologies.

The Definitive Guide to IT Cost Optimization
IT cost optimization refers to a series of strategic, programmatic, and innovative tactics businesses utilize to sustain enterprise-wide programs. As a CFO, CIO, or executive of IT the responsibility to weigh in steps to take to reduce IT operating costs lies with you.
If you want to be prepared to maximize cost savings while sustaining business value dowload this guide.

What will you find in this guide:

Cost Management and Control framework

Defining Cost Managment

  • Resource Allocation
  • Estimate Operational Costs
  • Cost Budgeting

Defining Cost Control

Developing a Strategic Cost Optimization

  • Setting Your Priorities Straight
  • Optimize Costs While Keeping Your Team Productive
  • Align Your Strategy to Your Business Goals
  • Long-term Cost Optimization Opportunities

Key personnel involved in IT Cost Optimization

Cost Optimization Initiatives

  • Automation
  • IT Infrastructure
  • DevOps (Cloud)
  • LowCode
  • Offshore
The Definitive Guide to IT Cost Optimization

About ZirconTech:
A trusted partner that helps organizations thrive in their digital transformations. Mobility, Internet of things, artificial intelligence, big data, cloud computing and blockchain technologies.

Benefits of notarization with blockchain

Notarization plays an integral role in any legal transaction and negotiations. Notarized documents are an indication that the parties involved are genuine and can be trusted. In other words, the notary public provides a security level that prevents us from becoming victims of fraud.

With the emergence of technology in the business landscape, blockchain entered the picture to automate notarizations. The blockchain serves as storage for notarized records and documents. In this way, any unauthorized user will not be able to edit nor delete portions of the document.

Notarization blockchain technology ensures the integrity of data as soon as it enters the chain. It provides functionalities, including tampering-resistance, non-repudiation, and traceability.

These tools automate notarization and streamline its typical process. Let’s discuss the benefits of the notarization service blockchain more thoroughly below.

What are the Benefits of Notarization with Blockchain?

Notarization service blockchains introduced a private, remote notary channel to address all your notary needs. This channel allows organizations to acquire notaries without having to step out of their homes or offices. Thus, companies like ZirconTech leverage notarization with blockchain to provide notary solutions to organizations across different industries. Notarization blockchain technology testifies to the documentation of proof of ownership to protect owners of their rights. Notarization via blockchain can also establish agreements across multiple parties. These documents can only be accessed and signed on the blockchain.

Notarization with blockchain has several benefits to organizations, but here are key points on how they helped businesses flourish:

Secured Storage of Notarized Documents

The primary goal of notarization is to certify the authenticity of any document. Notarization blockchain technology leverages various automated tools to carry out this goal seamlessly and quickly. On top of that, users can secure the storage of notarized documents on the blockchain. This organized and infinite storage process allows them to retrieve the agreement when needed and detect any changes made through the timestamps attached to every document.

Encrypted Documents Providing Users With Private Access

A majority of notary services require user information for creating an account and proof of ownership. This security measure happens on their system database for your notarization needs. The transaction ID and the user account information in the database often reside outside the blockchain. This measure gives security to the users considering that most authentication services happen on the blockchain system. They would only take a hash of the document to verify the proof of ownership of the user to notarize documents.

Moreover, the transaction ID integrates encryption to documents for easy retrieval. User account information helps perform cross-checks of the document’s ownership before its release.

Transfer Document Ownership Seamlessly

With notarization service blockchain, organizations can transfer ownership of documents seamlessly. The system would first verify the ownership of a specific form through the user account that acted. Blockchain technology locates the certificate authority system that confirms the blockchain’s bounded blocks’ data.

Users can quickly transfer document ownership by following these steps:

  • Like modifying any legal record, the system identifies the user through the previously recorded transactions used for verification.
  • The transaction identification verification will then create a signature for the user in the data field.
  • Notarization blockchain technology prompts the hash verification and signature storage on the duration of deploying the contract.

Offshoring Notarization Projects

For notarization needs in various parts of the world, some services by other providers can be limited. There are quite a few companies that perform offshoring notarization projects. Yet, ZirconTech has proven to be an expert in providing exceptional notarization service blockchain. This company’s blockchain professionals are pioneers in offshoring notarization projects for unavailable signers from all over the world.

Public blockchains allow data to be stored and retrieved for an unlimited time. This reliability offers trust and security to all involved parties. In case the need arises wherein you want to make some changes within the notarized document, you are required to create a transaction. These transactions combine into blocks. It gets before incorporating the modifications into the blockchain. Since the building blocks of a blockchain are interconnected, you can always monitor your data seamlessly. Every block receives a label with timestamps and block numbers arranged in chronological order for quick retrieval.

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About ZirconTech:
A trusted partner that helps organizations thrive in their digital transformations. Mobility, internet of things, artificial intelligence, big data, cloud computing and blockchain technologies.

Smart contracts with blockchain

Legal tech emerged throughout the years, along with smart contract technology. A majority of businesses began bringing their legal businesses to smart contract blockchains to expedite the processes. With the innovations surrounding offshore blockchain development, smart contracts appear to be on the rise.

As one of the leading blockchain legal contract companies, Clause introduced its smart contract blockchain platform. It is a dynamic tool that lets businesses convert legal agreements into automated documents. Clause aims to derive an advanced smart contracting technology using blockchain and natural language processing techniques. They introduced the platform to bridge legal compliance, security, and savings between businesses and their clients. From developing the clauses and provisions to leveraging the automatic payment, Clause brings smart contracting to a whole new level.

Smart Contracts

Smart contracts use automation to streamline provisions and clauses expressed in agreements via blockchain. With that in mind, smart contracts blockchain enforce the terms and conditions agreed upon by either party. They can proceed to memorialize these terms in smart contract code, stored in the blockchain database.

With smart contracts, businesses can also carry out dependable transactions without the help of third-party providers. In other words, smart contract technology makes it possible to eliminate the process of seeking intermediaries to manage business deals. It automates the execution of the predetermined terms and conditions of the smart contract. Therefore, the contract provisions involved controls what it’s programming.

The Role of Blockchain in Smart Contracts

Blockchain plays a fundamental role in sustaining a robust, decentralized network of smart contracts. Smart contracts blockchain verifies and enforces terms previously agreed upon across multiple parties.

Moreover, transactions get streamlined according to the provisions expressed in the agreement. Offshore blockchain development companies like Zircontech partnered with Clause to carry out these transactions in full transparency. In this way, they can carry out payments without a central entity, external enforcement, or legal system. Smart contract Ethereum provides maximum security when it comes to such transactions that are both irreversible and traceable.



Lastly, smart contracts blockchain innovated ample data storage that is both secure and retrievable. It provides businesses with peace of mind since all smart contracts get encrypted in a ledger. This storage allows users to retrieve them as needed and make modifications when necessary.

How Clause Works

A clause is a smart contracts blockchain platform that decentralizes connected contract networks to reduce risks against legal compliance. More importantly, the platform’s goal is to unlock the full potential of your digital paperwork.

Clause works by connecting the contracts into their platform. The contracts can be accessed and modified by other members of your company along with your clients. Either Word or PDF format is importable into the database to start the data verification. Clause configures real-time validations to expedite the legal proceedings. Users can also readily utilize its built-in tools and software to automate specific actions.

These tools allow creators to incorporate functionalities to various provisions in the contract. For instance, they use Clause tools to provide a space for signature and buyer’s payment information. Once the payment details get fulfilled, it can automatically trigger a payment using channels like Stripe. Depending on the clauses in the agreement, a smart Clause stipulates the payment. This process indicates that you can also trigger the payment at a later date if needed.

The Bottom Line

Smart contracts blockchain aims to simplify the tedious process of legal agreements. With the use of Clause, businesses can skip the intermediaries and go straight to smart contracts. A clause has also partnered with the leading firms and blockchain companies like ZirconTech to make innovations and keep up with smart contract technology. As one of the blockchain pioneers in Latin America, ZirconTech continuously finds ways to leverage offshore blockchain development on legal tech. They make it their mission to contribute to blockchain-based legal technology to establish their products and services.

This collaboration paved the way for Clause to improve its smart contract platform. They have their data stored on a blockchain to manage its provisions and transactions. This platform allows businesses and clients to quickly make an agreement and payment based on the agreed terms. Therefore, the business operations are almost always automatic considering that every transaction gets recorded in real-time to a blockchain. These are also shared among participants to verify at any time.

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About ZirconTech:
A trusted partner that helps organizations thrive in their digital transformations. Mobility, internet of things, artificial intelligence, big data, cloud computing and blockchain technologies.

Smart contracts with blockchain

Monax, the leading digital legal infrastructure company, established a smart contract blockchain platform to automate contractual obligations further. In partnership with the Agreements Network, they employ blockchain technology to streamline the legal proceedings and monitor the process in real-time. Along with legal firms and blockchain firms, including ZirconTech, Monax advanced to offshore blockchain development to sustain legal compliance. More importantly, the aim is to create compliance agreements and contracts from automated templates with only a few clicks.

The smart contracts blockchain framework can link precise off-chain computational knowledge with legal operations and products. With the use of scientific, financial, and environmental sources, it computes data streams to refine the procurement of legal obligations.

 Smart Contract Blockchain in Business

One of the leading companies in legal tech initiated offshore blockchain development and a network of law firms and blockchain startups. Monax developed the legal services platform called the Agreements Network in April 2018. The system leverages smart contracts blockchain to perform legal tasks.

These tasks range from managing agreements and leasing contracts to developing governance documents. With the Agreements Network, these legal obligations are made compatible with the public smart contract Ethereum.

The hefty costs of obtaining a lawyer to develop contracts have been a common predicament for many. More often than not, lawyers charge a large sum of money to establish a contract from a slightly tweaked template. Although there are some templates available online, they are often insufficient and ineffective. Thus, you often need expensive legal input to legitimize the contract.

For this reason, Monax leveraged the conjugation of blockchain and Artificial Intelligence to streamline such legal proceedings. Businesses are now able to keep up with the fast-paced industries with automated smart contracts blockchain. Tasks that previously took days to become completed reduce to just a few minutes. After all, businesses can accelerate by streamlining their business needs through automation.

Agreements Network is a decentralized platform for both businesses and lawyers. This network allows lawyers to market their services and offerings. They can promote their agreement templates across business sectors and get paid for it. In contrast, businesses seek contract templates in this platform to avoid litigation over contracts. Agreements Network provides third-party proof of the existence of such documentation to prevent any form of dispute. On top of that, they store contracts in a database so you can quickly retrieve them after many years.

How does the Agreement Network work?

The architecture of the Agreement Network eliminates operational costs leveraging the decentralized, interconnected systems. It optimizes legal obligations through smart contract Ethereum. Working within the Ethereum blockchain prevents them from backlog exposures or the risks to attacks in transactional processes. They utilize Archetypes to refer to the contract templates and generic agreements. These can support a variety of business operations, from establishing shareholder agreements to software development contracts.

You can access the ‘factories’ within the Archetypes to make some modifications in the templates. Users can personalize the contracts by adding names, specific amounts, and dates based on their clauses. You can make these changes that apply to your situation, but you cannot add or remove paragraphs in the contract.

After curating the contract, you have to keep it updated soon after it goes live. The developer should update the project’s progress and have their client confirm through the agreement. Upon completion, the process engine will automatically display the payment calculation to the client. In case the project is finished at an earlier or later date, the price adjusts accordingly. Smart contracts often configure these transactions through Ethereum. However, you can also produce invoices through other channels like Quickbooks and Xero.

ZirconTech in the Works with Monax

Since Monax introduced the Agreements Network in 2018, Zircon Tech has contributed to offshore blockchain development. The establishment of the robust distributed contract management system for small businesses leveraged smart contract technology to automate business processes. Along with Zircon Tech, they also developed Hyperledger Burrow to address leasing and contracting issues over the years.

Hyperledger Burrow is an open-source platform hosted by Linux Foundation to provide enterprise blockchain solutions. It aims to provide a modular blockchain client with a permission smart contract interpreter by the Ethereum Virtual Machine (EVM) standards.

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About ZirconTech:
A trusted partner that helps organizations thrive in their digital transformations. Mobility, internet of things, artificial intelligence, big data, cloud computing and blockchain technologies.