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        Flexibility is the biggest selling point that we have over our larger rivals. We give our clients the freedom needed to thrive in today’s fast-paced business world, organisations say to us that they often see higher quality work from independent consultants like us, this reason is the primary motivator when choosing us over a big firm. This means that we have the same skills and experience as the big firms, with added freedom and flexibility to let us focus and resolve client requirements.

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        Will AI replace jobs

        The AI language model, has to be viewed as the internet in the 1990s and the mobile in the 2000s but I can tell you that AI has the potential to automate some of the work that is currently done by people. It's crucial to remember nevertheless that not all jobs are equally vulnerable to automation. Most jobs will have it as an assistant.

        There are some jobs that are less likely to be mechanised in the near future, such as those that demand creativity, critical thinking, emotional intelligence, and interpersonal skills.Yet, positions that require manual work, data processing, and repetitive operations are more likely to be mechanised.

        It's also crucial to remember that while AI can automate some tasks, it cannot take the place of human abilities and traits like empathy, adaptability, and decision-making that are crucial in many professions. Jobs in complex decision-making, problem-solving, and communication skills are required for these positions, which are challenging for computers to mimic and wont be able to be automated. For most the answer is NO, AI wont replace your job.

        2023 - 5 trends with financial institutions

         

        In 2023, if i had a crystal ball, I believe the following trends will become main themes within north american financial institutions:

        1. Increase mobile banking capabilities: Banks should continue to invest in technologies to improve the customer experience on mobile devices. This could include new payment systems, improved security measures and customised experiences for each customer.

        2. Develop AI-driven solutions: Banks can use artificial intelligence to automate mundane tasks and provide more personalised customer service. AI can also be used to detect fraud, improve customer experience, and even predict customer behaviour.

        3. Leverage blockchain technology: Blockchain technology can help banks reduce costs, increase efficiency, and improve security. Banks can use it to develop new services, such as digital asset management, and establish distributed networks to streamline processes.

        4. Introduce open banking: Open banking allows customers to securely share their financial data with third-party providers, such as financial advisors, lenders, and insurers. Banks should look to partner with these organisations to provide more personalised services to their customers.

        5. Utilise digital currencies: Digital currencies are becoming increasingly popular, and banks should look to leverage this technology to offer a more convenient way to send and receive payments. Banks should also look to develop their own digital currencies, and explore the potential of using them to facilitate international payments.

        This will be my last post of the year, Merry Christmas to all and wish everyone a 2023 filled with happiness, health and success.

        7 habits to transform your life

        On this friday evening, sharing some habits that have helped me improve in 2022:

        1.Get up the same time every day

        2.Set realistic goals for the day

        3. No caffeine , coffee or tea past lunch

        4.Plan by writing things with pen and paper

        5.Evening brain dump use your phone voice recorder (Time box it to 1-2 min)

        6. Challenge yourself to do something new 

        7.Time block your activites

         

         

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  • Test drove for the last 6 months Oracle Fusion Applications, they have achieved Incredible Things, 7 Pros and 2 Challenges of Fusion Applications.

Test drove for the last 6 months Oracle Fusion Applications, they have achieved Incredible Things, 7 Pros and 2 Challenges of Fusion Applications.

by Alex Antonatos
on 19 October 2018

As most of you know for the past 6 months with some individuals in Palo Alto,CA. I have been testing, educating myself on the next generation of Oracle applications called Oracle Fusions Applications. What is Oracle Fusion Applications? It is inspired by the best of breed of Oracle’s application: Peoplesoft (HRMS), E-Business Suite (Financials), Primavera (Projects), JD Edwards (Manufacturing/Financials) and Siebel (Embedded analytics)

The question that everyone is asking should i stay on my current ERP or replace my systems with Fusion applications: (I must get an email every two weeks on this topic). Before i share my thoughts on this topic, let me share my experience for the last 6 months on the current version of the Fusion applications:

Pros

1)The response time is solid, look and feel is great.

 fusionalextest2147

2) They have incorporated a configuration setup workflow that makes it much easier to configure your module. Above screenshot I logged in with Fusion Functional Setup Manager (FSM) this is a one- stop shop for all implementation activities from planning to deployment. FSM is a separate module product, who manages all setups and all the various branches of products groups. Fusion includes FSM to allow implementation by others than the IT department or consultants. This includes plenty of checklists and simplifies the job of the project manager to setup and monitor the setup tasks as identified by Fusion itself. (Functional setup much quicker and easier to perform!)

3) What I appreciated the most was the export setup data, this functionality also allows users to easily migrate configurations from one instance to another (Test/ Production), works great did not encounter any major issues.

fusionalexexportsetups

4) Oracle Fusion Architecture provides an open architecture ecosystem, which is service & event- enabled.

5) Current present day applications have been on proprietary tools like People Tools, Forms, which require niche skill sets to manage and maintain.

6) Fusion has been developed; with Open standards based technology and is built on re-known Oracle Fusion Middleware (ADF, JAVA, SOA, BPEL, WEB 2.0 etc).

7) Currently CRM and HCM families are the most popular modules of Fusion, followed by Supply chain management (SCM).  Below are all the family products:

 fusionapplications

Where does PeopleSoft, EBS, Primavera, JDE and Siebel go from there? All these ERP’s had released a major version after the announcement of Fusion GA(General Availability), and there's no end in sight for future support(I guess until 2020). In fact, I think Oracle has good reason to keep these Enterprise systems going, even with Fusion now as an option.

I don't think Oracle is in a rush to try to get people to move to Fusion. PeopleSoft, EBS etc...They are very profitable business for them.

If you just look at PeopleSoft are far more profitable than Fusion precisely because the latter is so new. The dilemma for customers is when to opt for innovation over stability.

Oracle Fusion implementation can be done in 4 ways by

  1. Upgrading—Replacing an existing Oracle Applications instance with a new release (either a currently installed Oracle Applications version or Oracle Fusion Applications)
  2. Reimplementation—Treating an existing Oracle Applications installation as a “legacy system” and implementing some components of a live Oracle Fusion Applications installation or an entirely new Oracle Fusion Applications installation
  3. Coexistence—Adding Oracle Fusion Applications solutions to a customer’s existing Oracle Applications solutions, rather than upgrading or implementing new solutions in place of existing solutions
  4. Migration of data—Converting data from one Oracle instance to another Oracle instance by using Oracle’s Open Interfaces API and other Oracle or third-party conversion tools

I am strong believer of co-existence strategy and architecture for Oracle E-Business Suite, PeopleSoft, JD Edwards and Siebel apps and Fusion, for the following 3 reasons:

1- Risk mitigation, Fusion applications is still in my view a new product

2- You require revamping your technology skills within your organization to extend, maintain and support the various components of Oracle Fusion Applications here is my short list (A coexistence strategy can help you slowly adapt with the change of technologies):

  • SQL, PL/SQL, JAVA & java script
  • XML – Extended Markup Language
  • CSS – Cascading Style Sheets
  • XSL – Extensible Style sheet Language
  • ADF – Application Development Framework
  • JSF – Java Server Faces
  • Web Services
  • BPEL – Business Process Execution Language
  • AIA – Application Integration Architecture
  • Web Center
  • BI Publisher
  • OBIEE – Oracle Business Intelligence Enterprise Edition
  • Hyperion Essbase
  • WebLogic Server Administration
  • Oracle Identity Management

3- Most corporations have invested significant money in their current technologies, and will require a strong business case with facts and numbers on the added value of going to Fusion in a big bang approach.

Interest will remain high with Fusion applications and my predictions in the next 5-8 years everyone will be on Fusion similar model like SAP. Why 5-8 years? Most corporations require lots of inter connections to other systems (spider web architecture) and have invested in significant customizations to meet the corporations global business requirements.

My overall experience with the Fusion applications exceeded my expectations. Would appreciate to hear from clients and others that are live with Fusion.

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