As the NDIS continues to gather momentum, many disability service providers are feeling the effects of significant change. Holocentric’s research at the recent NSW National Disability Service (NDS) Conference showed that 76% of NDIS service providers were highly concerned about achieving a clearer understanding of NDIS policies and changes as well as streamlining the approach to NDIS compliance.
With the rapid emergence of new IoT devices and cryptocurrencies comes with it a plethora of new security vulnerabilities for social engineers to exploit and work their way into an organization’s sensitive data. But the real question is – what is a social engineer?
You have probably heard the phrase “humans are the weakest link” being tossed around within the cybersecurity sphere. But what does this really mean, particularly within the context of social engineering? Well, what if I told you human psychology could be leveraged to steal an organisation’s sensitive data?
As the world becomes more digitalised, it is only likely that companies will follow suit to satisfy consumer expectations. For the healthcare industry, big data, advanced analytics, sensor-enabled devices, and 3-D printing are all technologies that have the ability to impact the way healthcare companies develop products and provide services.
According to research by McKinsey & Company, the healthcare industry falls far behind in their digitisation efforts. Therefore, to meet the rising customer expectations, healthcare companies are integrating the latest technologies into existing business models and IT architectures to improve services. As well as this, with more new, non-traditional entrants making their way into the industry, it is important for healthcare companies to increase their digitisation efforts to compete.
I run the risk of the over-use of the word digital which seems to be the topic of much research and marketing spin, and yet is prevalent in the strategy of most organisations. Whether this is digital transformation or digital disruption, technology is affecting most industries on a scale never seen before.
Change is big. At Holocentric, we aim to help you undertake change more effectively and at lower risk. 2018 will see the introduction to a new range of solutions that move further into the operating space, commencing with the implementation of change initiatives. We are accustomed to understanding complexity and will continue to offer solutions that aim to reduce complexity and deal with the many details that change initiatives entail.
2017 is about to finish and we are celebrating a great year of growth in the company. More importantly, we have seen our customers achieve a variety of excellent outcomes and so much more with our products. These range from strategy and benefits realisation to process improvement, systems implementation, transformation, knowledge management, metadata management and governance. Compliance and regulation are two aspects of governance that are often top of mind for senior executives, so are the focus of our newsletter this month.
Large, complex organisations are realising the need for management knowledge through a single source, to align strategy to execution and to be able to implement change and transformation more quickly and more often. At Holocentric, we call this a Business Management System (BMS). It has been very encouraging to hear from Gartner over the last 12 months of the need for a Business Operating System, which is very similar in concept to our BMS.
Despite being one of the most important areas of doing business, research has shown that more than half of Australian businesses struggle with compliance. However, failure to comply with industry regulations can have serious and dire consequences that result in heavy fines, trading restrictions and sometimes even jail time for directors.
Legislation and regulation is constantly changing and it can be daunting for businesses due to the level of documentation and frantic activity that often surrounds compliance audits. This can make the process be seen as less of an ongoing quality control mechanism and rather, a costly reactive imposition with little benefit.
Our team at Holocentric is excited to announce the new release of our long-awaited BMS 3.2.0. The new BMS 3.2.0 release has introduced various new features that will help organisations be more efficient and productive. These include a redesign of the authentication for Azure Active Directory (Azure AD) users allowing clients to seamlessly authenticate users within their organisation using Azure AD in BMS.
Safety authorities around the world have adapted the self-regulated approach to surveillance of the industry, encouraging airlines to take responsibility for their own safety management systems (SMS) while also ensuring compliance to relevant regulations.
Managing safety is not a small feat for an industry with such a deep level of complexity, both on human and operational levels. Being able to define and execute Standard Operating Procedures (SOPs) in a manner that is compliant with regulation is business critical, but it can also drive efficiency. But to do so, airlines must adopt an integrated approach whereby legislation and regulations are managed in the context of flight and Maintenance Repair and Overhaul (MRO) operations.
Read more about the 6 steps needed for build an integrated approach to compliance in the Airline Industry
Over 90 per cent of Australian CEOs believe technology presents the biggest transforming trend for their business, according to PwC’s 17th Annual Global CEO Survey, however these beliefs are not translating to a country of innovative pioneers.
An emerging software category that is generating considerable interest is business management software. The growing maturity of this segment is being driven by the need to be more agile and manage the growing complexity within organisations.
Today’s enterprises are grappling with how to address constant change and disruption at both micro and macro levels. Size, complexity and the siloed nature of operational structures are making transformation and strategy implementation, not just challenging but in many cases impossible.
Rather than implementing improvements department by department or silo by silo, executives need to see how change will impact entire value chains that flow horizontally and vertically across the organisation, affecting different areas, roles, processes and controls in varied ways.
To help executives map the operating environment, a business management software is essential. This will allow them more visibility over value chains and also the ability to simulate how changes will impact the organisation.
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