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New technologies will impact trading companies in many ways. Especially their digitalisation strategy has to be adjusted accordingly. [shutterstock: 792862531, Andrey_Popov]

New technologies will impact trading companies in many ways. Especially their digitalisation strategy has to be adjusted accordingly. [shutterstock: 792862531, Andrey_Popov]

How IT Impacts The Trade Of The Future

Automation and digitalisation of business processes is rapidly gaining momentum. How can trading companies efficiently process all information and data, though?

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Digitization in B2B purchasing means having a global network of customers and suppliers. [shutterstock: 250348678, MaximP]

Digitization in B2B purchasing means having a global network of customers and suppliers. [shutterstock: 250348678, MaximP]

Digitization In B2B Purchasing Means Networking Via The Cloud

In times of digitization, one thing is for certain: global networks will dominate and shape the future - especially in procurement. Without networking there is no future, without collaboration platform there’s no networking. Amazon, Google and Uber have already led the way. The era of classic SRM and especially on premise solutions has long since ended. Networking platforms out of the cloud are trending now.

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Analysts advise business to treat RPA as a strategic innitiative. [shutterstock: 639841954, Zapp2Photo]

Analysts advise business to treat RPA as a strategic innitiative. [shutterstock: 639841954, Zapp2Photo]

Advanced Use of Automation to Double in Europe by 2020

Advanced business use of Robotic Process Automation (RPA) is expected to double in Europe by 2020, as companies seek to improve customer experience and streamline their finance operations, according to new research from Information Services Group, a global technology research and advisory firm.

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Amidst the bombardment of buzzwords, it's getting hard to find a companies core competence. That is also true for SAP. [hutterstock: 63443797, Muemoon]

Amidst the bombardment of buzzwords, it's getting hard to find a companies core competence. That is also true for SAP. [hutterstock: 63443797, Muemoon]

What Was That About Core Competence Again?

A few years ago core competence was a popular term. Then the paradigm shift began, unnoticed. More and more often, every IT service provider was able to do it all. It seems impossible for the application user to make distinctions. Direction and credibility are lacking.

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