The first simple hotel management system was introduced back in the 1970s, allowing hoteliers to confirm on-site reservations. By the early 1990s, the first database management system was marketed, allowing for digital records, which made accessing information much easier than Excel spreadsheets. Now, the hospitality industry is amidst the "cloud computing boom". The impact of cloud-based solutions is enormous: it revolutionises how the managers run their hotels/restaurants and interact with the customers.

Many organisations nowadays offer some forms of internship and management trainee programs in order to prepare their top trainees for the management positions in the future. Big names like Unilever, Coca-Cola and Amazon are also famous for their Management Trainee (MT) programs. With proper training and development for each individual, the company may be looking at their future leaders when they are still in their “infant stage”.

Shortcomings associated with the traditional budgeting approach can undermine the true value of the process. Budgeting should be less cost-driven and more investment-based, i.e. all forecasted costs of a department should be attached to deliverables—the products and services that department delivers to other departments or to the clients. Doing so will make budget decisions investment decisions.

A digital twin is a virtual replica of a real (physical) object created by the data collected from sensors embedded in that object. The digital twin, therefore, provides a real-time digital representation of the object.

Most companies are fully aware of the importance of graduate recruitment. According to a 2017 report by the Rockefeller Foundation, 97 per cent of the U.S. employers say entry-level jobs are crucial to their success. Yet many do not handle entry-level hiring well.

Everyone knows all the great benefits that teams can bring to the organisation, including an improvement in the overall productivity, stimulate creativity and enhance employee engagement. Sadly, many organisations do not fully utilise their teams nor equip the team members with proper training to help them further develop.

As the global business is depending more and more on technology, there occurs a great need for deeper training and developing the employees to help them adapt quickly and well to the changing environment. Let’s take a closer look at how training and development help to transform the business quality and boost revenue.

When confronted with a problem, have you ever stopped and asked “why” five times? If you do not ask the right question, you will not get the right answer. The Five Whys is a simple question-asking technique that explores the cause-and-effect relationships underlying problems.

In the current accessibility-ready environment, the need for an immediate connection has become important since it can make the border between the physical offices and the digital ones disappear. Now that the generations Y and Z are gradually taking over the workforce, a workplace equipped with modern technologies to support the daily jobs is by far the most wanted.

Known as the technology behind Bitcoin, blockchain can be applied in a wide array of applications for business, not just limited to only the cryptocurrency arena. Even though still in its infancy, blockchain technology is believed to redefine the finance function.