Technology News

Tech firms advised to invest despite economic downturn

Information technology companies were advised to take advantage of the economic downturn by providing the technological know-how for companies seeking to invest.

In a press briefing, HP Philippines technology services country manager Diana dela Rosa said that the “opportunity to change the economics of technology is now.”

“Companies need to have business intelligence before setting their promotions and all that. Information technology is important since it... processes this information so executives can decide fast,” said Ms. dela Rosa.

NouvEON Introduces Financial Services Practice

NouvEON announces the launch of its national financial services practice. The company, which provides business and technology consulting services to Fortune 1000 companies, is launching the practice to increase focus on its growing spectrum of financial services clients. Dawn Reitz, who began with NouvEON on July 30, has been appointed as the financial services practice leader.

Reitz has more than 15 years of experience in the financial services industry, including merger integration of the successful completion of the two largest brokerage consolidations in history. Her vision for the practice is to become the preferred partner for NouvEON's clients by proactively extending offerings to meet market demands. In addition, Reitz aims to have a culture of accountability with a passion for excellence and execution.

“The practice diversifies NouvEON’s client base and industry expertise, providing opportunities to bring a great deal of revenue to the company,” says Reitz. “It also allows opportunities for further geographical expansion.”

Employee Motivation

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Motivating employees begins with recognizing that to do their best work, people must be in an environment that meets their basic emotional drives to acquire, bond, comprehend, and defend. So say Nohria and Groysberg, of Harvard Business School, and Lee, of the Center for Research on Corporate Performance. Using the results of surveys they conducted with employees at a wide range of Fortune 500 and other companies, they developed a model for how to increase workplace motivation dramatically. The authors identify the organizational levers that companies and frontline managers have at their disposal as they try to meet workers' deep needs. Reard systems that truly value good performance fulfill the drive to acquire. The drive to bond is best met by a culture that promotes collaboration and openness. Jobs that are designed to be meaningful and challenging meet the need to comprehend. Processes for performance management and resource allocation that are fair, trustworthy, and transparent address the drive to defend. Equipped with real-world company examples, the authors articulate how to apply these levers in productive ways. That application should not be selective, they argue, because a holistic approach gets you more than a piecemeal one. By using all four levers simultaneously, and thereby tackling all four drives, organizations can improve motivation levels by leaps and bounds. For example, a company that falls in the 50th percentile on employee motivation improves only to the 56th by boosting performance on one drive, but way up to the 88th percentile by doing better on all four drives. That's a powerful gain in competitive advantage that any business would relish.

The Business Value Of Technology

Farms and financial institutions and police departments and hospitals and the people who run them aren't really interested in hardware, software, services, or even "solutions." They're interested in producing outcomes--higher crop yields, lower risks, fewer crimes, better care. And they want--no, need--to do it more cost effectively, brutal economy or not.

No one understands this reality better than InformationWeek, whose magazine tagline and guiding principle is "The Business Value Of Technology." In creating this special Smarter Business issue, we set out to shine a klieg light on the industries, organizations, and people leveraging information technology to fundamentally transform what they do and how they do it, warts and all.Read More...

Infosys Technologies reportedly teamed up with Oracle through the ‘BPO Powered by Oracle’ (News - Alert) program, and is launching a comprehensive managed services platform for multi-function HR through its Infosys Business Platforms offering.
This platform is built on state-of-the-art technology and will enable process transformation, while also being cost-effective. Company officials said that this will help companies streamline their HR operations and reduce operational costs.

According to company officials, the Infosys Business Platform for HR is built on Oracle’s PeopleSoft Enterprise Human Capital Management (HCM) Suite and offers the entire “Hire-to-Retire” processes and operations such as HR administration, payroll and talent management functions like recruitment, performance management and learning management in a fully hosted and managed environment. More...