IT Management

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What is a Digital Twin & Why is it so important?

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What is a Digital Twin & Why is it so important?

“A digital twin is a digital replica of a living or non-living physical entity. Digital twin refers to digital replica of potential and actual physical assets, processes, people, places, systems and devices that can be used for various purposes.”

Digital twins provide an alternative to expensive physical models. They are popular in business tools, especially for organizations that use the IoT. One of Valicom’s original ITin3 videos explains why digital twins are so important. These include, but are not limited to, the following:

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IT Complexities

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IT Complexities

The information technology advancements we have seen over time are incredible, but they also cause headache for our IT professionals every day. Questions like,

  • How do we keep our information secure?

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IT Management - It’s a lot.

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IT Management - It’s a lot.

Everything you need to know about technology expense management. A full list of topics and answers - by Valicom’s President and COO, Jeff Poirior.

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Why Do You Need A Telecom Expense Management System?

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Why Do You Need A Telecom Expense Management System?

Companies may pay too much for telecommunications contracts due to the complexity associated with billing and verification, as well as the sheer number of smartphones and other connected devices the average company has to manage. With the large volume of data that accompanies each device, the jobs of telecom analysts have become increasingly daunting.

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Telecom Expense Management Is Filled with Innovation

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Telecom Expense Management Is Filled with Innovation

Using telecom expense management (TEM) software helps you analyze your expense data more easily via inventory transparency and reporting. This type of tool, whether on-premise or web-based, lets administrators and users review usage quickly and improve their relationship with suppliers.

For the past decade, innovative technology has changed every industry. Telecom expense management was once one of the most tedious tasks, but also an important one. As of 2010, many organizations checked their telecom bills via paper copies. Spreadsheets provided some relief but still offered a clumsy solution to a sometimes massive task.

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How Common Are Contract Violations and How Much Do They Cost?

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How Common Are Contract Violations and How Much Do They Cost?

No matter your industry, your business works with third parties. It’s completely impossible not to, and there’s a good chance you have contracts with each of those parties. They’re standard procedure, and they exist to help everyone involved. What might surprise you is that even with contracts in place, companies violate terms on a somewhat regular basis. It’s not necessarily malicious, but contract violations are a normal thing, and they can cost you a lot of money. Learning about the violations and how to deal with them can lead to big changes in your financial statements.

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TEMs Support Remote Workers During Critical Monthend Timelines

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TEMs Support Remote Workers During Critical Monthend Timelines

Based on labor data, Tech Republic estimates that just 29% of workers can do their jobs remotely. Many of those who do work from home face slower connections and may not have access to enterprise-level systems, such as Telecom Expense Management Systems. As of the time this article was written, the COVID-19 death toll has reached 3.4%, according to the World Health Organization.

Employers are struggling to expand their work-from-home policies to include as many employees as possible. It may be a good time for company leaders to invest in automated solutions that make this process go more smoothly.

This article looks more closely at the challenges of working at home during the pandemic and discusses the benefits of working with reliable ERP systems during critical month-end timelines.

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The Importance of Telecom Management Systems

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The Importance of Telecom Management Systems

A telecom inventory management system provides insight into the accuracy of your billing and provides transparency for your contracts with vendors. Investing in telecom inventory management brings the following advantages:

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What Is Covered in a TEM Audit?

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What Is Covered in a TEM Audit?

Telecom Expense Management (TEM) promises to help you save money on your technology contracts. TEM providers will claim that on top of saving you money, they can help you make money through more efficient technology investment. They’re big promises, and if you have a healthy level of skepticism, you’ll wonder how. TEM is a big service, and it covers a lot, but at the root of any benefit a TEM provider can offer is a comprehensive TEM audit. Let’s look at what is included in this audit and see how it helps your bottom line.

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Debunking 5G Myths

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Debunking 5G Myths

5G networks are being deployed, and 5G-capable smartphones have already hit the market. You can go on YouTube right now and see people testing their new 5G toys. It’s pretty exciting. With all of the excitement comes the potential for misinformation. 5G is a brand new technology, and it’s changing the game. Unfortunately, not everyone who speaks on the topic has a proper understanding of it all. For that reason, we’re here to debunk a few of the most pervasive myths surrounding 5G. It’s cool stuff, but it’s not exactly what you might think it is.

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Here Is How You Get Cloud Costs Under Control

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Here Is How You Get Cloud Costs Under Control

Budgeting your IT department might make you feel like a circus performer. You have to balance so many resources on a razor’s edge. It can be stressful, and there’s a serious risk of hurting the company’s bottom line if you get it wrong. One way a lot of companies try to get ahead of this balancing act is by investing in the cloud.

If you outsource IT, it becomes someone else’s problem, but that isn’t always the most cost-effective route. If you want the power to accurately discern when and where you should turn to the cloud, you need cloud expense management. It’s a system that helps you put everything in perspective and compare costs. It’s the key to getting cloud costs under control, and it can help you by performing four important tasks.

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The Benefits of Leasing Enterprise Technology Assets

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The Benefits of Leasing Enterprise Technology Assets

Leadership is not an easy role. The success of your organization relies on the decisions you make, especially when it directly affects your financial outlook. From the small investments, like whether or not to provide a coffee maker in the break room, to the larger commitments, such as whether or not to expand office space, the pressure is on you to cultivate a thriving operation.

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How Will Digital Innovations Change the Office in 2020

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How Will Digital Innovations Change the Office in 2020

Technical innovations will have a profound impact on how things are run in traditional offices and other workplaces in 2020. From the power and speed of 5G to voice-enabled tech that makes Siri blush in shame, the coming year promises to be a wild ride. Let's peel back the calendar for a sneak peek at what's to come.

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How Telecom Expense Management Improves Corporate Operations

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How Telecom Expense Management Improves Corporate Operations

Telecom expense management (TEM) is a buzz phrase in a lot of industries. In essence, TEM is the method of contracting a third-party to help you track and analyze all of the technology-related spending in a company. In order to gather that data, you have to take a deep look at every facet of your operations. It’s not unreasonable to expect that such a deep dive could lead to better operations. Here are four ways you can expect TEM to improve your operations regardless of your industry.