Dynamic times, fast technological advancements and increasing competition require continuous adaption and increased flexibility from employees, teams, and organisations. At the same time, these fast-paced changes also require a high amount of creative discipline from all members for tasks to complete in a timely manner and for projects to succeed. Forward thinking organisations are making efforts to change and adapt their cultural practices in order to stay with the times.
For a long time, India was the most preferred outsourcing hub for businesses in the field of information technology. Several technical, as well as nontechnical persons, have written about the benefits of outsourcing and how it is useful for firms small and big alike. Business size apart, there are certain common myths around IT outsourcing that either stop people from taking full advantage of this possibility or make them take its benefits for granted. Today, we talk about some of the around this business strategy and how they can be rectified.
The pivotal cause to develop the Blockchain solution in the medicines and pharmaceuticals industry was to tackle the movement of pharmaceuticals and drugs in the entire value chain of the industry. Right from ensuring the raw materials procured by the suppliers to the end product reaching the hands of the customer; ie. driving the supply chain from the factory to the dealers and subsequent retail to hospitals and finally to the end customers ensure the safety and authenticity of the drugs. This breakthrough digital process of validating the ledger to the community can save lives of more than 1m people who die due to drug counterfeiting and low-quality drugs due to errors of expiry and ineffectiveness of raw materials.