In companies without automated update processes, software updates and upgrades, which frequently address security weaknesses, can be delayed by months. As a result, these companies have weaknesses in their IT environment that can be exploited by skilful attackers, even though a fix for the problem has been available for a while.
After implementing various systems like ERP, MES, WMS, and CRM, companies focus on integrating advanced technologies such as robotics, IoT, AI, cybersecurity, blockchain, and distributed ledger technology. The next digitalization stage aims for automated data collection, predictive machine maintenance, and process optimization using collected data and machine learning. This leads to a SMART FACTORY, prioritizing security, customer trust, digital products, omni-channel communication, employee digital competency development, and ESG tracking for a successful green transition.
In the area of digital transformation of businesses, it set a target that by 2030, 75% of EU businesses will use cloud computing services, artificial intelligence technologies and big data, and over 90% of small and medium-sized enterprises (SMEs) will reach at least a basic level of digital intensity.
Digital transformation helps companies increase their productivity, growth and competitive edge. Work processes are optimised, information flow is improved, planning is made more efficient, a systematic approach is taken to new product development, new promotion, sales and communication methods are made possible. Company’s digital transformation starts by designing a digital strategy.
The main question is what is the level of technical maturity of your innovative product, for which you would like to obtain the funding for further development. The next question is whether you are developing the product on your own or in a consortium with partners (domestic, foreign), and whether your product has a breakthrough potential.
Developing a new product requires a clear, well-defined project path. One such method is Stage Gate, which removes chaos and provides a clear structure that all project stakeholders can see and follow. New product development can be a risky venture for an organisation.
A calculation process used to determine the cost (own price) of a product or service. The biggest problem in determining the cost price is how to allocate the indirect costs (administration, procurement, sales, etc.) to each product or service.
Business processes enable the operation of a business system (success/failure of a business). Owners and managers are constantly trying to improve business performance, and looking for ideas and solutions for reducing costs and increasing productivity. Effective business process management requires paying attention to 4 key areas: finance, employees, product and process.
Slovenia will have access to around EUR 3.2 billion for investments in a greener, more digital, connected, social and smarter country. 25% of this funding will be available for the green transition, i.e. for investments in renewable energy, energy efficiency improvements in buildings, flood safety and water drainage and treatment.
Companies primarily choose investments with the aim of generating higher EBITDA and value added per employee. However, sustainable financing takes into account ESG factors and objectives in addition to the economic objective.