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Proper data security is always a concern, whether your data is on-premise or on the cloud. Here are some of the best practices for securing your data on Amazon Web Services (AWS). While this list is not comprehensive, this would be a good starting point for implementing basic security on the AWS platform.

Security is a shared responsibility between Amazon Web Services (AWS) and its customers operating a digital commerce business. AWS is responsible for the security OF the cloud, and the customer is responsible for the security IN the cloud. This model clearly defines who is responsible for securing the resources when using AWS.

Protect your Root Account

Enable root account with Multi-Factor Authentication (MFA).
Use root account to create IAM admin users, and AVOID using the root user account for actions that do not need the root account access.

Console Users

User AWS Single Sign-On or use your corporate identity solution to avoid creating multiple IAM user accounts.
Implement Password policies to enforce users to have strong passwords by defining minimum requirements for the password.
Enable MFA for all console users.
Rotate keys older than 90 days for all IAM users.

Enable AWS Config

The first step to securing your environment is to create an asset inventory. Config enables you to assess, audit, and evaluate configurations of the AWS services deployed in the account. Config continuously monitors and records your AWS configurations.

Enable AWS CloudTrail for all regions

CloudTrail enables governance, compliance, operational auditing of your AWS account and provides the event history of your AWS account activity for actions taken through the AWS console, AWS CLI, SDK.

Enable Multi-region CloudTrail
Send CloudTrail logs and alerts to an S3 bucket in a dedicated security account.

To know more - https://katalysttech.com/blog/ten-ways-to-secure-your-aws-account/

 
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With the rise of online shopping and E-commerce in recent years, it was only a matter of time before many businesses moved towards digital commerce. However, the sudden surge of COVID-19 delt a huge blow to brick-and-mortar businesses all over the world and in many cases serving as the final death blow.

Whether they were prepared for it or not, businesses had to make the jump online to survive the pandemic, but while a functioning website with information and a shopping cart is welcome, it is far more necessary to continue your relationship with your customers. Keeping your customers happy and cared for is always vital for a business. It is essential to keep that spirit of customer service alive through proper self-service for your E-commerce company by making the jump to digital.

What Exactly is “Self-Service?”

Before getting carried away with optimizing your customer experience online, it is important to pin down exactly what self-service is in E-commerce. Much like a self-checkout at a grocery store, customer self-service is a system where your business can provide all the help clientele need to browse, purchase, or receive help in regards to the services you provide.

From FAQs, , or online chatbots, customers have taken to this kind of service extremely well over the years. According to Zendesk, 67% of customers would rather go through self-service systems than speak with a company representative.

Why Should You Do It?

The fact that customers are fans of self-service should be enough to give you a push to start or improve your systems, but there are plenty of other perks that will make the jump worthwhile.

For starters, with an easy-to-browse and informative website, customers will keep coming back for return business. Pleasing and intuitive design is not just for looks, as if potential clients can easily find what they want on your webpage and leave without too much trouble, they will likely keep coming back. Even something small like a password reset function can do wonders to help customers stay satisfied with your business. A confusing interface and categorizing will often frustrate them, resulting in them taking their business elsewhere rather than suffering any more with your business.

Proper self-service also includes systems to ensure the customer has their questions and problems taken care of while on your website. With the rise of video and picture guides on the internet, many consumers have given up on dealing with company call centers for smaller issues due to the hassle. Incorporating visual elements and FAQ sections on your website will help keep customers coming to your page to deal with any problems instead of resulting in other organizations cannibalizing your income.

To know more https://katalysttech.com/blog/the-rise-of-self-service-in-e-commerce/

 
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How to Build a Resilient Supply Chain in the Age o

Disruptions from minor material shortages to large-scale natural disasters stopping up transportation have always been something every supply chain must be prepared for. However, some events are so sudden it is nearly impossible to properly prepare, with no better example being the COVID-19 pandemic. In mere days, healthcare products and groceries were flying off store shelves. Many supply chains could not properly shift production from their primarily Asian manufacturers to account for this sudden demand.

The pandemic put many companies to the test, something their supply chains were not ready for, exposing many issues in the inflexible nature they operate. With a “new normal” established, it is now more important than ever for companies to look at how COVID-19 impacted their business to improve their supply chain’s resilience for the future.

At Katalyst, we are no strangers to assisting clients start or improve their E-commerce business through the pandemic. Here are five critical factors we recommend considering when planning to build up supply chain resilience in your business.

1) Control your Overhead

In the business world, “resilience” refers to the ability of a company to show flexibility, allowing them to roll with the punches frequently thrown at them and quickly adjust to any change. However, it is much more challenging to bounce back from a monetary loss than a minor supply issue, and your wallet is the first thing a disruption in the business world will hit.

Consider using third party services like Katalyst to help take the load off your shoulders! Many E-commerce businesses do not have dedicated logistics or supply chain specialists as a part of their staff, leading to overpaying for materials or being blindsided by industry-changing events. Katalyst can help set up and monitor your business to optimize your transportation or warehouse costs.

2) Analyze Your Data

Looking at the hard data for your business is always vital, even more so if you want to improve your supply chain management. Through analyzing the information from your business’s day-to-day functions, you can make sure your operation is running according to plan. By measuring each step of your supply chain, from the manufacturing of your products to the shipping of the final product, you can better understand how things run at your company.

A good Warehouse Management System, like Katalyst’s Celero WMS, can show you how long it takes products to be delivered, preferred shipping methods, and more to help you fully understand how your supply chain functions.

To know more - https://katalysttech.com/blog/how-to-build-a-resilient-supply-chain-in-the-age-of-covid-19/

 
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Publishing is an ever-evolving industry that can be quite unpredictable to fully pin down. Just within the last few years e-books have largely replaced print material, saving many natural resources in the act.

Today, many publishers and distributors have invested in this emerging trend, offering e-book conversions for old material. Even some brick-and-mortar bookstores are willing to invest in these technologies to cut down on their operational costs as well as swiftly delivering books to readers.

Today’s virtual solutions have enabled distributors and publishers to embark upon an unexplored avenue that has changed how people read and listen to their favorite authors. According to Statista, revenue generated from the e-books sector is anticipated to reach US$15,635m in 2021. And at the current rate of 3.18 per cent, it is predicted to cause a market volume of USD 17,723 million by 2025. Many leading distributors, such as Bookmasters Distribution, are witnessing major growth from this change in distribution. The company invested $3.5 million in equipment and operating systems to keep up with changes in technology. Besides, Hachette continues to invest heavily in the modern solutions that have helped them win back Disney and Hyperion as its distribution clients. The deal has helped the French publishing company to leverage sales opportunities and decrease excess inventory at retail.

Why have e-books become the norm?

Pandemic has been a blessing disguise for the publishing industry. It has resulted in a huge demand for reading material. In fact, the Atlantic Council report seconds the above mentioned notion. Reading e-books has become a hobby for many that had more time on their hands stuck at home during the pandemic. Statistics provided by Statista support the abovementioned notion as it states that the global e-book market was estimated to be USD 18.13 billion in 2020, and it is anticipated to reach USD 23.12 billion by 2026.

Why should publishers go digital for their books?

Reduces Expenses

The biggest advantage e-books offer to the distributors is the cost-cutting. Through going digital, they could save thousands on print chargers, paper costs, and shipping for upcoming products. Because, when a distributor aligns its processes with epublishing services, they can eliminate the money that would later add up in the books for extra processes. Additionally, it helps readers to access the book anytime and anywhere at lower costs.

Expands Customer Reach

Another benefit of e-book distribution is that it helps distributors and publishers expand their audience base. The traditional paper books offered limited readers as they could be reached only to avid readers. The advent of the internet has enabled writers to self publish material in a wide variety of easy to access ways through blogs, Amazon, and more.

To know more - https://katalysttech.com/blog/epublishing-content-management-helps-publishers-leverage-e-book-distribution-service/

 
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Digital Transformation Strategy A Pathway To Growt

There is no doubt that the future is digital, and it is necessary to adapt methods like digital transformation to survive. As a key strategic initiative, digital transformation is an important term describing the application of new technologies, talents, and processes, to improve business operations and customer satisfaction. A robust and successful digital transformation strategy must have all the elements for future growth.

But this is not an easy or seamless task. When companies started storing data on transformation initiatives in the 1970s, the error rate for company-wide change projects fluctuated between 60 and 70%, according to Harvard Business School.

The 2020 report by Oxford Economics surveyed 3,000 executives in 10 industries, including automotive, banking, insurance, industrial manufacturing, oil and gas, public sector, retail and utilities industries, and found that any kind of business transformation works best when the entire organization is connected Managers need to ensure that quality information permeates their ecosystem of the business and allows everyone involved to interact in a way that achieves company goals.”

So, how do you get into this agile, interconnected situation ?

Step 1: Assess your current position in your digital transformation initiatives:

The first step is to review your existing business assets and systems to examine your technology capabilities. Along with it, you have to evaluate the competitors, your market etc. What are the future trends and risks involved? What opportunities can you utilize for the growth of organization and business? What are the risks your company is most likely to face? And critically, what contingency plans do you have for such an event?

This is also a time when you can evaluate your workforce and see where there are skills gaps present so that organization can arrange skill training for the upskilling.

The better you know the insights- its strengths and weaknesses – t he better you can make the most informed decisions related to the technology and digital transformation.

Step 2: Set realistic KPIs for your digital journey:

Key Performance Indicators (KPI) are the basis for cultural and technological change in every company. Instead of general goals like “becoming more sustainable” or “increasing productivity,” KPIs link specific, achievable milestones and goals to your transformation initiative. When setting KPIs, it is crucial to be realistic first. Then make sure you connect with professionals from across the company to fully understand the implications and potential of each department and role within your company.

To know more - https://katalysttech.com/blog/digital-transformation-strategy-a-pathway-to-growth-through-sap-solutions/

 
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Nowadays, everyone prefers to use their favorite accounting software for storing their organization’s financial data. However, the issue that most vendors run into is that it more often than not can not help in their day-to-day processes.

You should consider replacing your basic accounting software with an integrated ERP solution to help protect yourself from any issues! A leading study shows that ERP offers many benefits ranging from operational, strategic, and organizational. This encourages improved supply chain management by promoting profitability, reducing costs, and standardizing processes.

ERP systems integrate all business data, not just financial documents, to give you greater transparency than day-to-day business.

ERP software is rapidly expanding in use worldwide, estimating is estimated to reach total revenue of 48.21 billion USD by 2025. This is a significant growth rate of 7.88% CAGR from 2020, according to the software suggest.

Manufacturers look for a single ERP solution to simplify business processes without relying on multiple systems. Here are the main reasons why you should integrate ERP for accounting:

A 360-degree view of your finances:

Always looking to save resources, manufacturers use ERP accounting software to predict behaviour and assess patterns of day-to-day business processes that affect sales, marketing, and supply chain management.

The ERP accounting system provides a 360-degree overview of the financial function with displayed reports via Charts, graphs and visual support. These financial reports can help companies predict future results and better manage risk.

Simplify business processes:

The poor quality of annual financial reports can have a negative impact on a company. T he accuracy of the annual financial statements is very important so an ERP system establishes standard procedures to achieve real-time financial reporting and efficient provision of financial information.

ERP is generally more accurate because it is based exclusively on standard accredited information in the system. So you do not need to transfer data between platforms manually while it is integrated in your system. Most manufacturing companies automate accounting tasks such as compliance and compliance audits with ERP.

To know more - https://katalysttech.com/blog/why-you-should-integrate-erp-for-accounting/

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Shopify merchants earned more than $307 combined billion in revenue worldwide in 2020. That total revenue would rival many business giants, putting Shopify as the 7th largest company income of the year more than various business giants, according to the survey by Deloitte.

If you are a trader looking forward to build an E-commerce application, If you are a trader looking forward to build an eCommerce application, you want to implement products and monitor costs with ease.

The question now is, does Shopify live up to all of those expectations?

Before we take a deep dive into the capabilities of Shopify, lets first talk about what exactly the platform is.

By the end of the post, you should have a better understanding of what Shopify is, how it can benefit you, how much it will benefit you, and whether or not you should choose it for your website development.

So, let’s get started.

What is Shopify?

Developed on Ruby on Rails, Shopify has grown into a one-stop-shop for E-commerce development for market pioneers . From creating a personalized website to creating a complete, high-performance storefront, Shopify has a lot going for it.

In general, it is a set of E-commerce development tools for those who cannot code, but has its advantages for those that are more experienced.

Who can use Shopify?

Do you have a business idea and plan to run your E-commerce store? Then Shopify is for you.

Do you want to create third-party applications to resell and generate revenue on a multi-user platform? Then Shopify is for you.

If you have the expertise to contribute to the Shopify website and personalized changes, you can take advantage of the many features this platform has to offer.

From pre-installed designs and customizable templates, that will benefit retailers, vendors, developers, and business professionals.

How Can You Use Shopify in E-commerce Development?

More than your usual CMS, Shopify is a power-packed package of E-commerce development solutions and is one of the most popular E-commerce platforms in the world market.

From design to development, Shopify-based products receive a unique competitive advantage that ensures positive results.

To know more - https://katalysttech.com/blog/shopify-complete-guide-for-e-commerce-website-development/

 
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Digitally-Driven Supply Chain Tips for eCommerce B

Years ago, disruptions were considered a common occurrence in the food and beverage market, changes in customer orders, late arrival of materials and supplies, or even packaging lines that just happened to be out of service for a short period of time. Today, such events are a normal, everyday problem in the food and beverage industry.

Disruptions these days look a little different; pandemics, border closures, weather anomalies, geopolitical issues, clogged distribution channels, labor shortages push supply chains to their limits. These disruptions are pretty rapid and are causing damage in all food and beverage production areas, especially the supply chain. They need to be flexible, resilient, and easily reconfigurable to adapt to changing markets so that products and data keep moving. It is crucial to understand that the physical supply chain and the digital supply chain need to work together. If one wobbles or is out of sync with the other, both fail.

Supply chain management is an integrated philosophy:

High-quality food and beverage products require essential ingredients, so do supply chains. The supply chain must be strategically coordinated and tactically controlled. Supply chain management is an embedded philosophy and thought process, not just a process.

Supply chain management must be shared and interactive across the ecosystem, not just internally within the manufacturing organization. Companies need to add three components to their supply chain management strategy to transform from process to philosophy.

  • Collaboration
  • Investigation
  • Evaluation

These three ingredients have aimed at information. Knowledge is the power to manage your supply chain successfully. In today’s high-tech world, access to information is easier than ever. However, sometimes there is too much information with insufficient time to analyze it all in order to make timely and wise decisions.

Here, these three elements focus on tangible ingredients to keep your supply chain flexible and adaptable to disruptions and changing market trends.

Collaboration:

Communication is critical for making the smooth moving of the supply chain, and here we mean the reciprocal supply chain of products and information. Communication and collaboration do not only mean within the walls of a company or organization. Today’s marketplace requires full collaboration between trading partners and all organizations that influence your business. Suppliers, external logistics service providers, contract manufacturers, shippers and shipping agents and of course, your customers. What about your customers? Why keep a secret? Each of these units has a significant impact not only on the performance of your supply chain but also on your business. Don’t you want to work with everyone often? Think about the data that can be collected and, most importantly, the information and choices that can be made from this collaboration. Collaboration is key to acquiring this knowledge and thereby gaining the power to build adaptive supply chains.

To know more - https://katalysttech.com/blog/digitally-driven-supply-chain-management-in-food-beverage-industry/

 
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The age of E-books is upon us, and no other industry has felt its success than academic publishing. Since its inception the digital education publishing industry has been booming. According to Statista, the sector is expected to surpass 243 billion U.S. dollars by 2022. These statistics indicate how the new-age technology is reshaping the way schools handle their textbooks, allowing teachers to efficiently instil knowledge in their students.

With online learning becoming the norm amid the pandemic, publishers are looking for ways to digitize their content while ensuring high-quality standards are kept. These new digital learning models help publishers achieve better productivity and reduce operational costs, allowing them to efficiently conquer the market. Moreover, the students and teachers now have more ways to stay connected, as the educational eLearning publishing industry intends to establish engagement across the spectrum. Let us dive in a little deeper to learn more about the future benefits of going digital bring to the table for the education publishing industry.

The benefits of aligning with digital publishing:

Facilitates Distribution and Offers Cost-Effectiveness

New information is always flowing in the education sector, so the publishers have to update their contents and distribute them constantly. This was an extremely daunting process in the traditional format with paper texts and books, especially when it came to mass distribution. It bore huge costs because they had to scrap the older content, update the new ones, republish them in the market. However, the landscape is entirely different with the onset of digital technology in the publishing industry. With eBbooks, they can be easily updated in time and distributed more conveniently and cost-effectively. The emergence of new digital distributions methods, such as mobile apps, online E-books, and many other latest solutions, makes it easier for both the publishers and readers to access the most up-to-date content.

Meets Environmental Demands

With print textbooks, there was also a large cost to the environment. As tons of trees were cut down to make paper out of them, which led to the problems we are witnessing now. According to TCK Publishing, over 2 billion books are printed every year in the U.S., requiring more than 30 million trees to be cut down which lead to the emission of over 40 million tons of carbon dioxide each year. With the production of books harming nature, the term “sustainable” was introduced in the sector; however, stakeholders didn’t pay any heed to them.

The upsurge of digital learning made publishers think about their acts and quickly change their attitude towards the planet. With the onset of online learning, these sustainable solutions are no more “nice-to-have” features. As a result, leading publishing houses, such as Penguin Random House, are incorporating eco-managed service and support systems to ensure minimum waste of books and reduction in emission of the carbon-di-oxide.

Offers Interactive Content

The benefits of making textbooks digital allows publishers to implement dynamic content, such as images, videos, quizzes, and many other features that make learning more fun and interactive. These features allow students to engage far more with their education, something static content in print material can not. E-books can also provide external links to additional resources and various multimedia interfaces, helping publishers to improve the readers’ learning curve.

To know more https://katalysttech.com/blog/publishing-content-management-system-digitizes-the-role-of-education-publishers/

 
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Improving Digital Presence By Leveraging Benefits

There are several different marketing strategies that businesses use, but there is one that consumers face every day through advertising on social media. Social media marketing spending is estimated to reach and skyrocket in the United States alone, with Statista forecasting spending to exceed $56 billion by 2022 (that's an increase of almost $10 billion dollars from 2020!). Social media critically plays a key role in connecting consumers with brands, building brand awareness, building customer relationships, and stimulating online sales.

Social networks are an integral part of any marketing strategy today, and the benefits of using social media are so great that anyone who doesn't use this cost-effective resource is missing out on a great and robust marketing chance. It is seamless to see that social media marketing is a core element for digital marketing success, and many marketers now understand the potential for business growth with the platform. However, some of these experts are unsure what tactics to use and whether they are effective.

According to the Social Media Examiner, around 96% of marketers are currently engaged in social media marketing, but 85% of participants are unsure which tool is the best. We will help you clear up the confusion by detailing the benefits of using social media to market your business.

Benefits of social media advertising:

1. Brand awareness increase:

Social media is one of the effective digital marketing methods to promote content and boost your company's visibility. Developing & implementing a social media strategy will significantly increase your awareness of the brand as you will be connecting with a wide audience of users. First, create a social media account for your company and start interacting with other people. Let employees, business partners and sponsors "like" and "share" your page. Only interacting with your content will increase brand awareness and build your reputation as a company. Every post you share is served on a network of new people, which can turn them into potential customers and the more people who know about your business, the better. No doubt, just having a social media page will benefit your brand and, with regular use, can generate a wide audience for your business.

To know more https://katalysttech.blogspot.com/2021/09/improving-digital-presence-by-leveraging-benefits-of-social-media-marketing.html