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Energy Management systems are the computer-aided tools used by operators of the electric utility. It is designed to reduce energy consumption, improve the utilization of the system, increase reliability, and optimize energy to reduce the operational cost. High energy consumption leads to financial stress and environmental impact. Industry experts say that this system cuts the energy consumption of a company by 20%. The energy management experts provide the energy management and assessment support by comprehensive analysis, legal compliance consultation, alignment with existing management systems, screening analysis of energy, and capturing & analysis of consumed energy data. Delivering clients with consultative energy management services such as conducting energy audits, solutions recommendations, determining the improvement area, and providing consultation to enhance productivity is the primary role of an energy management consultant. They also utilize CRM software to record all their sales and clients' information. The fundamental concepts of energy management system elaborated by industry professionals include commitment, significant energy users, energy performance indicators, opportunities list, operational control, and review. Its various product types comprise of ISO50001, ISO50003, IS050004, ISO50006, and ISO50015. In terms of end-users, expert in energy management segment this market into power & energy, telecom & IT, manufacturing, enterprise, healthcare, and others. Expert analysis shows that North America and Europe accounted for the highest market share for this market in 2018 whereas, LATAM and APAC region is anticipated to witness the highest CAGR during the forecasted years 2019 to 2025. According to the analysis by expert network group, high capital investments and longer payback periods are anticipated to hinder the growth of this market. Increasing focus on the issues of managing energy consumption, government policies, and greenhouse emissions are creating demand for energy management systems. Expert insights show that the global energy management system market was valued at USD25.88 Bn in 2018 and is foreseen to reach a value of USD66.73 Bn by 2025, growing at a CAGR of 17.1% during the forecasted years 2019-2025.
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Professional services firms comprise of services for various domains consisting of finance, healthcare consulting, expert network services, market research services, business consulting, and others. The professional services industry comprises of the top consultants who are responsible for delivering advice and solving the problems of other industry professionals with quality results within the stipulated timeframe. The United Kingdom country is one of the biggest employers for the professional services sector. The adoption of artificial intelligence in the digital age is allowing every professional service firm to achieve its business targets with increased efficiency, cost reduction, high profits, and improved customer experience. An expert survey shows that 23% of the businesses worldwide have incorporated AI into their operations and products/services offerings. 63% of the professional's services experts said that the pressure to deliver quality service at a reduced cost required them to implement AI. Demand by the end clients of professional services firms for more efficient, cost-effective services, and value-added services is enforcing them to adopt AI in their daily operations. According to an estimate by an expert network firm, AI has the potential to boost their rate of profitability by an average of 38% by 2035, which will lead to an economic boost of USD14 Trillion for approx. 16 industries in 12 economies by 2035. An industry expert estimated that the spending on AI in professional services is expected to record a CAGR of 28.9% with a value of USD318.1 Mn in 2019 to USD1,884.7 Mn by 2025. AI is not a disruptive innovation for the professional services industry but all other industries too and is foreseen to be significant disruption and become essential in the future. The Big 4 firms have stated experimenting for the adoption of AI for their enhanced services. The high implementation cost of AI is restricting its adoption in small-sized professional services firms. Robotic process automation is used by EY to draft confirmation letters and send customer reminders. AI is used by Pwc for its client services and consulting business. Natural language processing is used by Deloitte to interpret contracts and deeds to provide risk assessment & tax return process. KPMG uses WATSON, an IBM tool that reads 800 million pages in a second. Artificial intelligence has thus reversed the process of low productivity across the professional services industry and has enabled intelligent automation, capital augmentation, and innovation diffusion.
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An effective food marketing strategy enables food companies to remain competitive and create lucrative growth opportunities for their business. Food industry experts define food marketing as an activity that takes place within the food and beverage companies and consumers. It comprises of processing, wholesale, retailing, food service, transportation, production strategy, and others. The food marketing expert says that the marketing functions are necessary to move the food products from the producers to the consumers. The marketing channels and marketing strategies are different for processed products, packaged foods, and fresh foods. The food & beverage industry is seeing a healthy growth rate over the past few years and is expected to continue the same. According to an estimate by an expert network firm, the global food & beverage industry is foreseen to reach a value of USD27,760 Mn by 2023 from USD18,968 Mn in 2019. The marketing professionals face severe challenges in formulating the food marketing strategy due to the ever-changing taste and preferences of the consumers. Food marketing is a series of marketing events and campaigns that take place within the food company and consumers across the globe. According to a food expert industry group, before formulating the food marketing strategy, marketing executives need to undertake in-depth research to understand their consumer's requirements and then develop products and formulate its sales strategy. The packaging is one of the most effective food marketing strategies as the majority of the consumers first notice the packaging of the food. Food industry giants spend enormous money on brand development, which allows them to generate more demand for their products and creates willingness amongst their consumers to pay. More and more food companies are adopting digital marketing platforms to build brand awareness and enhance their customer loyalty.
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According to a digital marketing expert, selecting the right digital marketing strategy is not an easy task. Nowadays, with the change of digital technology, almost every industry is moving towards digital platforms to stay competitive and reach their potential customers. Competent expert advice from a digital marketing expert helps to formulate competitive strategies and bring in business and earn profits. Why digital marketing plays a vital role in present business transformation? There are various reasons why digital marketing is essential. Digital marketing not only helps in promoting your business online but also helps in expanding the customer base, targeting potential audience with improving your search engine ranking, etc. What is the role of digital marketing experts in growing your business? Digital marketing experts not only help to grow your business but also delivers pieces of advice in which digital marketing strategy works right for you. Industry experts in digital marketing help you the formulate right approach according to their business needs. According to the expert network group, 40% of businesses avail the benefit of the digital marketing approach for the promotion of their products and services, which helps them to save a lot of money in comparison to traditional methods. Expert insights help to increase the ROI of any business but also ensure your chances of online business survival. There are so many experts network firm which offers experts in digital marketing. These industry expert services help you make use of proven online marketing techniques and strategies which not only help generate lots of traffic but also build the brand of your business. Digital marketing expert delivers advice on how business owners boost their business by targeting the right audience through a digital marketing platform and how companies win the trust of their audience. The global expert network analyzed that the digital marketing industry is rapidly growing with a rate of 9% every year, and it is anticipated that global spending in this industry will reach approx. USD100 Bn. Retail, E-commerce, Auto, and financial sectors are the top end-users of digital marketing. Expert network groups help to seek advice for the right digital marketing strategy, gather industry insights, market share, market performance, and assist in improving operational challenges and business complexities.
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The healthcare industry is changing dramatically because of the technological advancements ranging from anaesthetics to antibiotics to surgical procedures. Technological innovations are evolving each day in the healthcare industry to deliver improved patients and clinical experience under the consultation of experienced healthcare professionals and researchers. On behalf of Industry expert healthcare industry's future depends on the ongoing technological advancements such as AR/VR, robotic surgery, minimally invasive surgery, artificial intelligence, Blockchain, patient scheduling applications, and telemedicine, which is becoming the part of the modern hospitals for their regular operations. The network of healthcare executives says that ground breaking digital technologies that are creating convenient and improved care for creating improved healthcare are driving the future of healthcare. An expert survey shows that 82% of the health executives say that extended reality will increase access for patients and improve the overall patient's experience. Healthcare is an industry that needs innovations to transform and meet the rising cost, complexity, and achieve quality. Changes in healthcare deliver improved patient experience, reduced prices, improved population health, and clinical experience. Technology enables healthcare organizations to deploy or align their business needs with timely revenue utilization, and effective scheduling and staffing of resources. The healthcare consultants deliver consultation related to self-monitoring, personal healthcare, technology adoption, industry performance, revenue management, patient management, and others. The adoption of new technologies is offering innovative solutions through the rising investments in digital health and the entrance of new competitors. Expert network group is leveraging innovation in the healthcare industry by delivering expert consultation in artificial intelligence, healthcare management system, big data, robotics, genomics, analytics, machine learning, Blockchain, and materials. Medical imaging and diagnostics are the near future of the healthcare industry as it requires highly trained human doctors with specialties across radiology, ophthalmology, pathology, and dermatology. Expert network firm analyzed that by 2025, wearable and fitness devices are the future of healthcare, which will record and monitor the patient’s health at home. Technology has enabled real-time information for healthcare experts in instances of warning signs such as high blood pressure, swelling, or emergency cases.
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Subject matter experts are the pillars of every industry who help you to gather great learning and experience while facilitating business growth and deliver industry insights. The dynamics of every business are changing, with the changing consumer’s preferences, buying behavior, and increasing competition in every market. A subject matter experts are the industry professionals who have developed their expertise in a particular domain with a deep understanding of the business functioning, operations, technology, strategies, and management. They serve as an expert witness and key opinion leaders for market research and other industry professionals. Every industry is adoption digitalization and driving innovation coupled with bundles of personal data and strategies to grow their business. So, everyone needs to know the instances of compliances before connecting SMEs to gather market insights. Are you facing challenges in enhancing your business and sick of facing continuous losses in your business? Connect subject matter experts of your industry and solve your business complexities and make faster decisions. How can the subject matter experts help you? SMEs are the next most influential individuals of business after the owners who have gained years of experience in that expert network industry. They prove to be of great value for innovators, entrepreneurs, or startup owners are seeking advice from subject matter experts to enter into the market or enhance their business. They are specialized in solving your specific problems, introducing you to business risk, dynamics, delivering business consultation, training, providing industry insights, and others. They are considered to be the problem-solvers for every professional. When you are working for a project or trying to solve your business problems, you require to connect with the subject matter experts. Before connecting with those expert network group, you must be aware of a set of guidelines. Set of compliances to be known Market Research needs to follow this guideline strictly, and it is the most crucial aspect for every research and consulting companies to follow this while carrying out their projects. Complying to these guidelines have enabled the market research companies to reduce their operational costs in terms of on boarding subject matter experts to deliver their insights. While connecting subject matter experts, the market research firm or any business firms cannot directly contact the respondents without their consent for data collection, processing, and storage. According to research and findings, an organization is liable to fined up to 4% of its global annual turnover or EUR20 Mn for breaching GDPR policy. Research firms need to identify and understand the risk while developing new solutions and undertaking new activities to solve their client's problems and delivering unique and customized solutions. It is a key responsibility to take care of fundamental screener and guidelines while connecting SME keeping in mind the needs and requirements of the end client. You must be interactive, great your SME, and appreciate them for their contribution and time. Be flexible in terms of connecting them according to their availability and have a good elevator speech.
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What Do Industry Experts Say About The Most Important Factors In Food & Beverages Industry?9/24/2019 Food & Beverages industry is witnessing significant innovations, consumer shifts, and transformations. It includes companies involves involved in processing raw food materials, packaging, and its distribution. The increasing consumers demand for nutritious food, and better food packaging is driving the growth of this industry. According to food industry experts growth of this industry is mainly propelled by the rising demand developing countries which includes China, India, and Brazil. Increasing population, economic growth, and rising disposable income are supporting the growth of this industry. Must Read: Unearthing the In & outs of Food Robotics by Industry Experts This food & beverage manufacturing is supported by many segments which include groceries, oil& fats, food additives, functional foods, packaged foods, nutritious food, canned food, baked food, animal food, soft drink, ready to cook food, soft drinks, alcoholic drinks, and packaging. According to a Market Research Expert, The Global Food and Beverages Industry is expected to reach a value of USD9471.66 Bn by 2022. According to Statista, user’s penetration in the food & beverages industry was 18.8% in 2018 and is anticipated to reach up to 28.8% by 2023. Food & Beverages industry experts, says that primary trends fuelling the demand for this industry comprises of food delivery at your doorsteps, increasing demand for e-grocery, delivering customized food, and food packaging innovations. Industry experts have analyzed that the convenience of online food ordering, online payment system, and different loyalty programs is changing the consumers buying behavior and supplementing the growth of this sector. Various technology trends applicable in this industry include automation, food robotics, sustainability, personalization, AI and Blockchain. Must Read: Important Points You Should Learn From Oil & Gas Analytics Experts A food industry consultant primarily focuses on the client’s requirements. They are highly skilled in food manufacturing, operations, kitchen designing, menu development, food safety, nutrition, marketing strategies, and product development. One of the biggest challenge by the food manufacturers to come up is innovative products coupled with an ample amount of nutritional benefits along with maintaining their brand value. Inventory management is one factor restraining the growth of this industry due to the limited shelf life of the food products. Technology is driving consumer shift and disrupting the food industry. According to Fortune, the top 25 U.S manufacturers lost USD18 Bn in the market share in the last 5 years.
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Services industry primarily requires all of the innovation and customer-centric service. This industry is compounded by the shift in the economic condition of the industry. The rapid adoption of technologies, digitization, wide adoption of smartphones, and changing consumer’s behaviour is driving the growth of the service industry. The term productize refers to the process of developing or altering process, idea, skill, or services to make it marketable for sale to the public. Must Read: Important Points You Should Learn From Oil & Gas Analytics Experts Productization of services is defined as the packaging of technology products with managed services to deliver comprehensive & standardized offering to their clients. It is one of the breakthroughs which creates immense value to the customers. It helps in reducing the cost of customer acquisition, reducing resource dependency, and enhance business profits. It is one of the technologies which provides immense opportunity to tap the current technology trends in the market and convert some valuable clients. It is also an impressive way to turn a freelancing chance into an actual company. One of the advantages of this business model is to make sense for potential customers. The power of productization of services lies with the benefit of service providers to deliver customized solutions, and gain calculated profits. It helps you to do things faster and reduces the operational time. It doesn’t require you to invest in building any software. The services within productized services are delivered using a pre-defined process within a stipulated timeframe. It is relatively a new idea in the world of e-commerce and digitalization. Must Read: Eliciting the Automotive Simulation Software Market Few examples include design-as-a-service, marketing-as-a-service, coaching-as-a-service, and maintenance-as-a-service. It is a pre-packaged consulting solution for one specific problem. It allows you to understand the client’s requirements quickly. Benefits of productization are improved client experience; reduced marketing spends, more natural sales turnover, more comfortable to hire & retain employees. industry,consulting solution ,Technology, Productization of services
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Corporate Social Responsibility is one of the most integral activities of an organization for customer loyalty and retention of your top talents. In the era of the competitive business environment, every organization wishes to stay ahead and build its brand reputation and industry experts help in improving CSR. The overall aim of every organization is to create a positive impact on their brand in the society, maximize profits and market share. Growth in the millennial consumer group population is compelling the companies to adopt CSR activities for their business owing to continuous change in the buying behavior of their consumers. Today’s consumers are demanding who seeks transparency in the way companies drive profits in their business and takes active participation in addressing the social, and environmental issues coupled with giving their feedback and reviews in the world of social media. Must Read: Five Effective Business Strategies Adopted By Management Consulting Industry Experts CSR is a management concept where companies need to unite their social and environmental concerns in their business operations with the stakeholders. It is mainly associated with large companies(public limited), not small companies and is considered as a strategy for companies to achieve the balance of economies, environmental and social impressions. In the era of digitalization, consumers are socially active, and they spend their money on businesses who prioritize CSR. It revolves around incorporating sustainable development for the company's business model. Today’s business world is all about being customer-centric and being highly connected to them socially. It is one of the most crucial branding strategies. Know The Mandates Of CSR According to The Companies Amendment Act, 2019 it is mandatory for companies with a profit of more than USD700,675, turnover of USD14 Mn, and networth more than USD70 Mn to spend at least 2% of their 3 years annual average net profit towards CSR activities. Also, companies are now obliged to transfer their unspent CSR funds to PM’s Relief fund within six months of the financial year-end and disclose the reasons for non-spending in their annual report. According to Experts the company is also liable for a minimum penalty fee of USD700 extended up to USD35,034 or imprisonment up to three years for an officer of the company in case of violating CSR provisions. Must Read: Learn How Banking Analytics Is the Answer to All Your Banking Business Complexities CSR for Brand Building Are you looking to build for brand reputation and brand equity? Know the components of CSR Activities and its benefits for the company. A firm can understand their consumers by devoting more resources towards a greater awareness of their CSR activities. If an organization takes CSR activities seriously, they can quickly strengthen their business reputation and brand equity. Primary benefits of CSR activities for an organization includes operational cost savings, better financial performance, attract more & retain top talents, increase customer loyalty, more convenient access to capital, and overall organizational growth. It helps you to invest new investment opportunities for the development of new products and also focus on cost-saving strategies. According to an Economic Times, In the financial year 2018, 1,913 companies met the criteria for CSR spending. The year 2019 is foreseen to be very promising for CSR activities. According to an estimate by Industry expert, CSR compliances is set to improve and range from 97-98 % by FY2019-20. According to expert insights, 51% of millennials are more likely to buy products from companies having activists CEOs and are focus more on CSR activities.
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Healthcare industry has seen tremendous shifts with the way the adoption of technologies, innovation, and dynamic environments are shaping up. In this shift, healthcare stakeholders need to invest and examine real-time results or improvements proactively. Healthcare Analytics has now started to act as a catalyst between this dynamic environment and stakeholder’s expectations. It focuses on offering an insight into hospital management, patient records, costs, diagnostics, and others. It covers a broad area of the healthcare industry by providing industry insights both at macro and micro level. Healthcare Analytics enables all the managers to optimize their productivity by providing real-time information which can support decisions and deliver actionable insights. It allows an examination of patterns in various healthcare data to determine the improvements in clinical care and spending. It helps to interpret data and inform future interactions with the patients and the healthcare providers. Its applications include a collection of decision support technologies for various healthcare experts providers, which include physicians, nurses, healthcare policymakers, and pharmacists to collect market insights, which enables them to make smarter and faster decisions. This industry focuses more on the areas of clinical analysis, claims, pharmaceuticals research, and patient’s behaviour. Must Read: Healthcare Industry Insights- Global Perspective by ExpertsConsult Industry Landscape The main objective of healthcare analytics involves gathering informed healthcare decisions. It also involves gathering actionable insights from the set of patient’s data. It is used widely as the most effective approach to improve healthcare delivery amongst the diverse group of people. Continuous changes in the dynamics of the healthcare industry and the need for delivering healthcare services at a reduced cost is creating a high demand for healthcare analytics. Various types of healthcare analytics are descriptive analytics, predictive analytics, and prescriptive analytics. Descriptive analytics accounted for the largest market share in 2018 and is expected to dominate the market during the forecasted years. Rising government initiatives and increasing focus on personalized medicines, and healthcare management services are driving the demand for healthcare analytics in the North America region. Top players of healthcare analytics include IBM, Wipro, Oracle, Allscripts, MedAnalytics, and others. Offering Healthcare Analytics Expert Healthcare analytics are experts in the area of demand forecasting for medical devices, six sigma, project management, predictive and descriptive analytics, and others. They are highly proficient in analytical skills such as SQL, R, and SAS. These industry experts are involved in competitive analysis, sales and market analysis, developing an understanding of segments and patient profile requirements, analyzing real-world data, and build segment profiles and insights. They specialize in delivering services through structured project management and appropriate documentation for the client. Must Read: How internet of things is driving the economic growth in every industry? Experts Insights Experts advice help you to gather market insights, market opportunities, and market size of healthcare analytics. According to a Market Research Head, The Global Healthcare Analytics Market is anticipated to reach a value of USD50.5 Bn by 2024, owing to an increase in venture capital investments, healthcare spending, and the need for offering quality healthcare services. Healthcare Analytics concept helps all pharmaceutical industry to identify events long term outcomes and build a strong relationship with the patients and vendors. It allows hospitals by reducing the cost of analytics by creating an easy to use analytics platform. Identifying and preventing medical errors is the primary application of healthcare analytics. Healthcare industry, Experts advice, Market Research, industry experts, experts, healthcare experts |