How Enterprise Software Empowers Businesses in a Data-Driven Economy

By VARINDIA - 2021-01-27

How Enterprise Software Empowers Businesses in a Data-Driven Economy

Enterprise Software Supports Businesses' Operations

 

Enterprise software-or business-to-business (B2B) software-enables the operations of other companies. It helps organizations of all sizes and across all industries operate more safely and efficiently, enhance product and service development, and increase opportunities to innovate and grow.

 

The enterprise software industry supports a wide range of organizations across the world, including SMEs and large companies; local and central governments; hospitals, schools, and universities; and non-profits. By offering trusted and responsible software solutions to support their business clients’ data-processing needs, enterprise software companies enable other organizations to service their own customers in turn.

 

Enterprise software optimizes the use of digital technology to support and improve business operations, empowering other companies to focus on what they do best, such as R&D and product design.

 

How Enterprise Software Empowers Businesses in a Data-Driven Economy B2B software enables business customers to do what they do best-faster, smarter, and more efficiently. Reach New Customers Engage in Research & Development Manage and Document Regulatory Compliance Enhance Business Processes and Increase Productivity Manage Supply Chains

 

ENTERPRISE B2B SOFTWARE

 

In Europe, almost 80 percent of large companies and 35 percent of SMEs use information-sharing software.1

 

Enterprise Software Helps Businesses Benefit From Digital Transformation

 

Organizations in every sector of the economy increasingly rely on cutting-edge software to run, facilitate, improve, and optimize their operations every single day. Governments, public administrations, schools, and hospitals are also increasingly adopting these tools. Enterprise software underpins human resources and payroll operations; billing and financial transactions; research and development; product design; workforce collaboration, communication, and messaging; customer relations; and logistics and supply-chain management, among many other business services.

 

38 percent of small businesses in the United States cited increased sales and revenue as a benefit associated with using digital tools.2 Australian businesses are using more cloud than ever— 42 percent of businesses across 2017–2018, up from 31 percent in 2015–2016.3 ENTERPRISE (B2B) SOFTWARE PROVIDES CLIENT SOLUTIONS THAT: In times of crisis, such as the global outbreak of COVID-19, enterprise software tools help coordinate public health safety responses, maintain essential services, and support economic continuity. Operate and Optimize Business Services (including responsibly handling and moving information globally) Protect and Secure Data and Business Information (including providing strong, accountable privacy and security safeguards) Innovate and Expand Beyond Existing Capabilities (by using cognitive solutions such as analytics and artificial intelligence to better address customers’ needs) www.bsa.org | 3

 

Enterprise Software Is Built on Transparency and Trust

 

Enterprise software companies and their business customers negotiate their relationship in contracts and licensing agreements to ensure they best address their clients’ individual needs. Enterprise software companies monetize their technologies and not the data of their customers.

 

Enterprise software services, such as cloud computing, are used primarily for business-to-business purposes and are not consumer facing. The business customers control their data and direct how it will be used. Enterprise software companies do not have unfettered access to the data stored in their cloud infrastructure or service. Access and use of such data is reserved for the benefit and sole purpose of their customers.

 

Enterprise software companies operate under strong existing legislative requirements of data handling. Across the world, legal obligations often include accountability measures and technical safeguards that ensure enterprise software companies provide robust assurances of trust for their customers. Enterprise software companies also develop innovative, tailored, or customizable solutions for clients that are highly regulated, for example, in the health, financial, automotive, aeronautic, and telecom sectors and the semiconductor industry.

 

Enterprise software helps reduce legal and operational risks for business customers who can be confident they are using tried and tested software products, with appropriate remedies and support, without having to develop their own software in-house. Enterprise software companies also often provide tools to facilitate their customers’ compliance, for instance on privacy, consumer protection, cybersecurity, anti-money laundering, or energy efficiency.

 

Data Services & Products Data & Processing Instructions Technology & Support For instance, machine learning solutions can use data gathered across countries to create fraud detection systems in the financial sector.

 

 

How to Create a Successful, Responsible, Software-Enabled Economy

 

STRONG PRIVACY PROTECTIONS

 

Privacy is essential to building trust. Software-enabled business operations increasingly rely on data-and, in some cases, personal data-to function. As a result, data protection frameworks that create a user-centric approach to privacy must ensure the use of personal data is clear, transparent, and consistent with customers’ expectations. Privacy laws should create robust obligations for all companies and organizations that handle individuals’ personal data. This would ensure companies act responsibly while being able to pursue legitimate business interests.

 

CYBERSECURITY

 

Software innovation continues to connect people across the world. These online connections create efficiencies and spur economic growth, but they also create vulnerabilities that bad actors can exploit if the proper security measures are not in place. Addressing cybersecurity challenges requires innovative tools and practices to defend the integrity, confidentiality, and resilience of the connected ecosystem. One important tool is the ability to use the strongest available encryption technology when appropriate.

 

CROSS-BORDER DATA FLOWS

 

Cross-border data flows are necessary for companies to operate globally; leverage their resources and footprint across locations; innovate; and provide services to their customers, across sectors and geographies. For enterprise software companies and their business customers, the ability to transfer, and process, data globally is pivotal in ensuring the quality, reliability, security, personalization, and efficiency of service.

 

RISK-BASED AND TECHNOLOGY-NEUTRAL APPROACH

 

Software technologies evolve every day, pushing the boundaries of the benefits that technology can bring to organizations and people. Given the fast-paced nature of this industry and its adoption by customers, laws and regulations should strive to provide legal certainty, be outcome-based, and adopt a risk-based and technology-neutral approach, building on legal frameworks that already apply. Any new policy should set clear compliance goals and enable companies to adapt their practices and safeguards to the best-suited approach given their business model, the nature of their activity, their position in the value chain when contracted by others, and their risk profile vis-à-vis the established objective.

 

INTERNATIONAL CONVERGENCE

 

The value of the data-driven economy is in the ability of companies to operate across borders, reach new markets, and service customers regardless of location. Building on each region’s own legal and cultural legacy, convergence of rules on privacy, cybersecurity, or data governance and compatibility of mechanisms play a critical role in growing cross-border business that increasingly rely on enterprise software around the world.


 CIO  - SPEAK
Start-Up and Unicorn Ecosystem
 SOFTWARE  Placeholder image
Akamai reports Edge-Based Innovation to take Center Stage in Asia

Akamai reports Edge-Based Innovation to take Center Stage in Asia

According to Akamai, in a world transformed by COVID-19, edge computing will constitute on...

Accenture Announces Extended Relationship with AWS and Joint Investments to Help Organizations Get to Cloud Value Faster

Accenture Announces Extended Relationship with AWS and Joint Investments to Help Organizations Get to Cloud Value Faster

Accenture (NYSE: ACN) today announced the renewal of its joint business group with Amazon...

VARINDIA SIITF
SOUTHERN INDIA INFORMATION TECHNOLOGY FAIR (SIITF) -2018
BANGALURU
VARIndia - Star Nite Awards
STAR NITE AWARDS(SNA) - 2018
NEW DELHI
VARINDIA - OITF
ODISHA INFORMATION TECHNOLOGY FAIR(OITF)-2019
BHUBANESWAR
VARINDIA - WIITF
WESTERN INDIA INFORMATION TECHNOLOGY FAIR(WIITF) - 2019
MUMBAI
 INDUSTRY EVENTS Placeholder image
Tech Data along with IBM bringing value to the channel eco-system

Tech Data along with IBM bringing value to the channel eco-system

Recently VARINDIA has organized an event with Tech data and IBM focussing on ‘Bid sm...

Crestron Electronics organises "CresEmpower" in Ahmedabad for its consultants

Crestron Electronics organises "CresEmpower" in Ahmedabad for its consultants

Crestron Electronics organised a Training and Demo Session for its esteemed consultants of...

Karnataka Digital Economy Mission (KDEM) launches "Beyond Bengaluru Start Up Grid"

Karnataka Digital Economy Mission (KDEM) launches "Beyond Bengaluru Start Up Grid"

The Beyond Bengaluru initiative of the Karnataka Digital Economy Mission (KDEM) is DRIVING...


Copyright varindia.com @1999-2021 - All rights reserved.
Reproduction in whole or in part in any form or medium without express written permission of Kalinga Digital Media Pvt. Ltd. is prohibited.
Other Initiatives : www.mybrandbook.co.in | www.spoindia.org

advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription advertisement video production, home video distributors, home video company, List of PC Magazines, Best online PC Magazines, Top Online PC Magazines in India, Best online PC Magazines in India, Best PC Magazine, PC Magazine Subscription