Sunday, September 28, 2014
Wednesday, September 24, 2014
March 25, 2010
Alignment & misalignment of IT with business strategy
It is true that most of the current organizations are relying on IT services to process their daily operational and business processes. However, on the other hand, some of these organizations do not fully enjoy the benefit of these IT services as intended. To a great extend, this is dependent on the alignment between the party who provides these IT services and the party who are using these services. The degree of alignment or misalignment defer from company to company. The degree of misalignment is normally higher and commonly found among smaller companies as in the SME. On the other hand, MNC will normally have a higher degree of alignment between the providers and the users of these IT services.
Fundamentally lack of communication
Business managers seldom communicate with IT managers and, vice versa. Business managers may always believe in their inept of technical activities. And IT managers assert that it is natural if they do not have notion of business and investment planning.
Improper management of IT skills
There are no opportunities for cross-functional training of IT skill. Job transfers between IT and business do not occur. Tasks can only be performed by dedicated personnel, and resulting in high turnover.
Implicit plans and strategies
Most of the time, IT department does not participate in planning of business strategies. Business managers figure out the whole plan without explicitly conveying their conclusion to IT department. Analogously, IT managers implement their technical procedures based on their own criteria.
Inconsistency of business goal
Due to the absence of Communication Bridge between business and IT managers, their business goals are fundamentally inconsistent and expansion of business might be thwarted.
Ignorant of expertise of the other side
Not all business personnel are IT literate and technology-savvy. Business and IT managers are not willing to touch the area of expertise which is not belonging to them. Such a fact is also similarly happening to IT personnel.
Mature understanding of each others
Business and IT managers communicate in both and effective ways. They have a wise co-ordination between them as every task is expected to be accomplished systematically in MNC.
IT skills are well managed
Job transfers and cross-functional training are possible with the business entity of MNC. Every personnel are given opportunity to undergo various types of skill and knowledge training programme.
Group brainstorming session
Steering personnel such as both business and IT managers are always involved in planning of business strategies and investment directions. These kinds of activities included product and branding design, marketing survey, and so forth.
Cultivation of identical conviction
Through face-to-face discussion, business managers are usually be able to tell what approaches are effective and needed in solving business problems. Similarly, IT department will be able to figure out feasible applications or systems for their end users if they know well and completely comprehend the requirements.
There is a norm in MNC is that both business and IT managers are encouraged to share their knowledge and experiences, exchange enlightened opinions with one another. Business managers who are IT literate and technology-savvy could easily evaluate the abilities and flexibilities of the designed system. In addition, IT managers influence how effectively other people can or do use their systems and applications.
IPv6 can theoretically hold 2^128 IP addresses. As you're probably aware of, that's a huge number:
Have you ever wondered how you would actually SAY that number if you had to read it out loud? A cool thing with Wolfram Alpha is that it will spell out numbers for you, making it possible for us to find this out without too much of a headache. Here's the text version of the number:
340 undecillion, 282 decillion, 366 nonillion, 920 octillion, 938 septillion, 463 sextillion, 463 quintillion, 374 quadrillion, 607 trillion, 431 billion, 768 million, 211 thousand and 456
Read it out loud really fast. A bit of a mouthful…
Don’t wait-and-see to be gst compliant, companies urged – BorneoPost Online | Borneo , Malaysia, Sarawak Daily News
Don't wait-and-see to be gst compliant, companies urged
Posted on July 16, 2014, Wednesday
KUALA LUMPUR: With the goods and services tax (GST) to be implemented on April 1, 2015, the clear message to all companies is to start preparing early.
The sooner they start, particularly in incorporating GST-compliant software and training, they can avoid bottleneck situations most likely to happen closer to the implementation date.
As the recently-concluded National GST Conference 2014 organised by Malaysia's national news agency Bernama and Tax Advisory and Management Sdn Bhd (TAMS), showed, many companies and businesses are still vague about the GST.
With the effective date of implementation less than nine months away, one can assume that time is running out, more so since most firms seem to be adopting a "wait-and-see" mindset in preparing themselves.
Obviously, the state of readiness among companies is far from satisfactory, but the lack of understanding is an unacceptable explanation for avoiding to prepare.
Some participants admit being far from ready and certain companies said they are unwilling to make a major conversion ahead of the Budget 2015 announcement.
It is true that concerted efforts at all levels, especially from the government and its agencies – particularly the Royal Malaysian Customs Department – is needed to ensure businesses are adequately prepared.
But companies themselves need to play a more proactive role in seeking information and assistance.
This is because the GST will affect all businesses, whether they sell goods or provide a service and their state of preperation matters.
It will also impact all parts of operations starting from the IT system, procurement, sales and marketing, the price setting department, supplier and customer relationships to cash flow.
TAMS' executive director Yong Poh Chye said normally it takes about 18 months for companies to prepare for the GST, but they now had only nine months to do so.
Time is running out and they have to redouble efforts to ensure their businesses are GST-compliant by the time of implementation, he said.
Yong explained that companies needed to train their staff on the GST, acquire GST-compliant accounting software and commence trial runs by January 2015.
At present, he said only 50 per cent of companies in the country were GST ready.
"Many businesses are unaware that they need to upgrade their accounting software to comply with the GST," Yong added.
Such software upgrades cannot be done at the last minute, as extensive preparation and training is required.
There is plenty of assistance being given by the government to ease this conversion process, especially for small and medium scale enterprises (SMEs).
The government allocated RM150 million under the Budget 2014 to assist SMEs in purchasing the GST compliant accounting software or for upgrades, to be GST compliant.
This includes encouraging SMEs to use an effective and efficient accounting system as well as increase the GST compliance rate.
Financial assistance is also provided by SME Corp Malaysia in the form of a GST eVoucher worth RM1,000.
In addition to the allocation to purchase the GST software, the government is also providing training grants worth RM100 million to businesses to send their employees for training in 2014 and 2015 on the new tax regime.
This includes an accelerated capital allowance until the year of assessment 2015 for the cost of purchasing ICT equipment and software, tax deduction on expenses incurred for training in accounting and ICT related to GST for the years of assessment 2014 and 2015.
Others incentives are a reduction in the corporate tax rate from 20 per cent to 19 per cent from 2016 for small businesses and tax deduction for secretarial fees and tax filing fee from 2015.
It is estimated that almost 25 per cent of SMEs (around 160,000 businesses) will find themselves embracing the GST at the registration threshold value set at above RM500,000 a year.
SMEs with annual sales of less than RM500,000 are advised to evaluate and volunteer to be in the GST system, which will bring many advantages over the longer term.
The GST at six per cent is aimed at enhancing the efficiency of the tax collection system. — Bernama
MALAYSIA TO IMPLEMENT GOODS AND SERVICES TAX ON 1 APRIL 2015
By Dezan Shira & Associates | Monday, September 22, 2014 - 14:28
The Malaysian government has announced that on April 1, 2015 it will implement a Goods and Services Tax (GST) of six percent. The new GST will replace the current sales and service tax regime.
GST is defined as a multi-stage tax payable by all the intermediaries in the production and distribution chain, with the tax burden ultimately borne by the end consumer. GST is a much broader tax than a sales and service tax; it operates on a negative concept, and all goods and services are therefore subject to GST unless specifically exempted.
Businesses should note that services provided by a foreign service provider to Malaysian entities will also be subject to GST. The Royal Malaysian Customs Department will be the agency in charge of administering the GST.
Businesses will have to shoulder increased responsibility for ensuring compliance with GST. Therefore, in order to prepare themselves for the implementation of GST, foreign businesses should take the following actions:
Review commercial contracts
Review internal supplies
Update accounting systems
Retrain employees so that they can deal with GST
Ensure a clear understanding of the relevant conditions for qualifying for a GST rebate
The new GST has proven to be a controversial issue in many areas of Malaysia. There has been criticism from government opposition and civil society groups, who believe that the GST will place too much stress on much of the population who are already struggling with high levels of debt and little or no savings.
The Malaysian government has admitted that the GST will result in a nominal increase in prices, but does not expect consumers to be too adversely affected since they are only required to pay tax on goods and services used. Additionally, the government hopes to offset any adverse reaction to the GST by imposing a lower income tax rate and a RM300 increase to the Bantuan Rakyat 1Malaysia (BR1M) financial aid to low income households.
The government is also warning businesses not to raise their prices in reaction to the GST. Businesses that do raise prices could find themselves subject to the Price Control and Profiteering Act.
Tuesday, September 23, 2014
Monday, September 22, 2014
Sunday, September 21, 2014
Friday, September 19, 2014
Uber launches completely cashless uberTAXI app in Singapore
Zafirah Salim | Sept. 18, 2014
Transport service provider Uber has decided to open up the Uber platform to taxis in Singapore with its recent launch of uberTAXI.
The launch of this new service will allow cab riders in Singapore easy access to Singapore's fleet of taxi. In addition, it also helps drivers find more customers efficiently, increasing their utilisation and earnings each day, while reducing carbon emission because they are not circling the streets looking for customers.
uberTAXI, like all services on the Uber platform, is completely cashless, enabling users to book and pay directly through the Uber app. Customers can simply select the TAXI option in-app, take a ride, and their card will be charged automatically. Trip details will then be emailed directly to the customer, boosting the convenience factor.
According to the company, uberTAXI pricing will follow the same fare rates set out by the Land Transport Authority (LTA). uberTAXI will also offer a five-minute waiting time for customers, and the meter will start at the time passenger enters the taxi.
A unique feature of this service is that users will receive a photo, license plate as well as phone number of the driver so that they can safely identify and contact them. Users can also share their location and estimated time of arrival with their friends using uberTAXI's "Share my ETA" feature.
"In addition to uberX and UberExec, we also know taxis are well loved here. By partnering with the best taxis in the city, we are bringing yet another safe, reliable and seamless option to move around Singapore. This is why we are offering the new taxi choice to Singaporeans - the same Uber convenience, reliability and quality riders know and love," said Mike Brown, Regional General Manager of Uber.
To commemorate this launch, Uber is offering a 25 percent discount on all rides on uberTAXI until September 30, 2014.
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