How Big is the Smart City?


Today, over half of the world’s population resides in cities, providing much of the human and social capital that now fuels contemporary life. And every month, 5 million more people move to cities in developing and emerging countries. It is estimated that by 2050, about 8 billion people will be living in the urban context.

Cities are complex urban spaces, shaped by diverse technological and cultural forces. They showcase some of the world’s most intractable problems and challenges, and some of our most innovative solutions.

The idea of the smart city – one that is integrated through sensors and actuators, through big data and artificial intelligence, through open government and citizen participation – is the best hope we have to ensure humanity’s success on this planet.

But, how big is this transformation? Bigger than it seems at first sight. Read More

Will the Digital Revolution in Retail Companies Fail due to Funding Gaps?

According to a recent survey entitled „Digital Agenda 2020“ 45 percent of retail companies in Germany, Austria and Switzerland consider funding gaps the biggest obstacle on the way to the digital transformation of their businesses.

Concurrently, the speed of innovation is putting the industry under pressure. As a consequence of the digital revolution, a completely new competitive situation is anticipated by 2018. This is even more relevant because of the fact that the competitive marketplace has already changed during the last 10 years by players like Amazon, Zalando & Co. Online Retail Business is growing by 12% while traditional retailing is only growing by 0.2%. Read More

The CEO-Fraud: Billions Lost – Organizations Should Really be Afraid

Ssocial_engineeringocial engineering is one of the most popular and old scam techniques that actually works. As we have already moved on to the cyber age, where our financial records, research & development data, social life or medical history exist online, it is really crucial that this kind of information does not fall prey to the fraudsters. However, it does.

Fraudsters have now turned their heads towards the corporate and business world. The statistics about social engineering hacks on businesses or the scam where a trading company was duped for $17 Million by someone claiming to be their Chief Executive show this significantly. Also the case from not-so-distant past were Leoni AG from Germany was scammed for nearly 40 Million Euros or the case of FACC AG were the company was duped for €52.8 Million. Read More

Next-Gen Travel Management with CSC and Concur (Part 2)

Following the blogpost ‚Anyone Who Goes Traveling, has Stories to Tell (Part 1)‚ that introduced the topic of modern business travel tools and standards, this blog specifically looks at Concur Travel & Expense. Concur is an SAP company and Concur Travel & Expense is used globally within CSC. CSC implements Concur globally based on its ‘Customer Zero’ initiative.

Travel_02Bill McDermott – SAP CEO – says that “travel is the 2nd largest and most difficult to manage budget line item”. Concur Travel & Expense is a cloud solution that supports the management of this important budget item.

Research carried out on behalf of Concur by Forrester Consulting[1] in 2014. They found out that Real-Time information is the key to optimizing the T&E Spend. The findings are based on input from 348 global financial decision makers. These companies highlighted the lack of mobile capabilities as well as the need for more capabilities in the area of T&E analytics. Read More

Anyone Who Goes Traveling, has Stories to Tell (Part 1)

This old German quote is true not only for tourists, but also for business travelers. While travel booking means for some an increase of anticipations with the choice of destination and hotel, for others this is a cumbersome task. In addition, there is a necessity to collect a large number of receipts, allocate these to the correct trips and finally wait for payment of the expenses.

Travel_01For many companies, travel costs represent a very big portion of budget costs. However, this is extremely difficult to manage as a result of short term bookings. As in many secondary processes the area of travel expense management and new ways of working has seen significant changes within the IT support available for companies and travelers.

The focus has been set to improve approval, booking and payment of expenses, as well as to increase transparency and profitability of the entire process. This means that there are a number of changes needed in the booking process. Read More

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