NEWS
AVEVA study finds eight out of 10 industrial multinationals make key decisions without vital data
manufacturing and power industries across North America , Europe and the Middle East .
With no end in sight to global business disruptions , 87 % of executives plan to increase their organisation ’ s investment in industrial digital solutions over the 12 months , given the need for the type of connected data that can drive decisions needed to address growing combined challenges of economic uncertainty , unstable geo-political environments , historic labour shortages and disrupted supply chains .
AVEVA , a global leader in industrial software , has announced the results of a global study which found that more than eight in 10 top executives say key business decisions are being made without full data visibility and insights from their plants and assets .
The study , Connecting the Future , was released in partnership with Wakefield Research and polled 650 executives at global companies with a minimum annual revenue of US $ 50M in the chemicals ,
Industrial leaders across key industries such as oil and gas , energy , manufacturing , utilities and transportation , also understand the need to leverage digital solutions now more than ever . The greatest investments to tackle supply chain complexities are in analytics and AI , Industrial IoT , cloud computing and Edge Computing solutions in the next 12 months .
“ Industrial sectors are navigating complex and constantly changing economic challenges , from rising costs to the need to decarbonise to supply chain to labour shortages ,” said Kim Custeau , Executive Vice President of Portfolio , AVEVA . “ With accurate , trusted data , companies can drive actionable insights that enable them to tackle these challenges head-on .”
Zoho Finance Platform achieves 50 % year-over-year growth
Zoho Finance Platform has achieved 50 % year-over-year ( YOY ) revenue growth , supporting more than half a million businesses across more than 160 countries .
Driving the growth is the global expansion of its cloud-based accounting application , Zoho Books , which now supports 180 currencies , 17 languages , and is backed by a comprehensive global tax engine that solves country-specific tax compliance challenges .
Following the launch of Zoho Books in Mexico , a few weeks after launching in Kenya , the accounting application now supports 14 editions , including a global version .
“ There are not many finance platforms in the market available to growing global businesses . This requires supporting multiple countries , complying with constantly evolving tax and regulatory rules . By offering 14 editions of Zoho Books – and growing – we ’ re moving towards being the most comprehensive financial platform in the world ,” said Raju Vegesna , Chief Evangelist for Zoho .
“ We will continue to be innovative , challenge the conventional wisdom and raise the bar in the industry on what a finance platform can be and how businesses globally can benefit from it .”
Launched in 2011 , Zoho Books is among Zoho ’ s five highestgrossing products , with revenue growing 50 % YOY . The accounting application offers editions across the globe , including the US , UK , Canada , India , Australia , UAE , Kenya and Mexico . Zoho Books is a government recognised tax-compliant solution in the UK , Saudi Arabia , UAE and India .
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