In the past, this dynamic has often led corporate executives to adopt a single-minded focus on finding the lowest-cost suppliers and taking other steps to immediately raise profit margins. However, modern organizations are increasingly realizing that these actions amount to shortcuts, which – while effective in lowering expenses – do not always result in the best outcomes over the long term. Continue reading
Last week, we looked at a report from Gartner’s Executive Programs division, which asserted that today’s companies have a considerable opportunity to improve their operational performance and produce better financial results through the use of modern information management and analytics programs.
Gartner polled more than 2,000 chief information officers (CIOs) regarding their organizations’ IT priorities for 2013. The results showed that although many companies are planning to keep their budgets tight, executives increasingly see the implementation of new business intelligence solutions as an imperative. Continue reading
Companies in the oil and gas sector are on track to significantly increase the amount of money they spend on solutions for managing environmental concerns and pertinent data, according to a new report from Lux Research. The Boston-based firm forecasts that the industry will increase its spending on environmental, health and safety (EHS) programs by approximately 60 percent in the coming decades. Continue reading
There are currently significant opportunities for enterprises to improve their financial and operational performance by implementing new analytics platforms, according to a study performed by Gartner’s Executive Programs division.
The report – “Hunting and Harvesting in a Digital World: The 2013 CIO Agenda” – used data from a global survey of corporations’ chief information officers (CIOs) to show that executives are increasingly re-aligning their priorities to focus on gaining greater visibility into their operations. The results included responses from 2,053 CIOs representing more than $230 million worth of annual information technology (IT) spending, making it one of the most comprehensive CIO strategy examinations ever conducted.
In one case, several tanker cars on a Canadian Pacific train derailed in western Minnesota, spilling thousands of gallons of oil and necessitating an ongoing remediation effort.
Around the same time, ExxonMobil’s Pegasus Pipeline ruptured near Mayflower, Arkansas. Although the company reported that only “a few thousand barrels” of oil were released, it said that it would make preparations for a spill as large as 10,000 barrels to ensure adequate resources were available to complete the necessary remediation work in an efficient manner. These incidents offer an interesting view into the contrast that exists between the environmental risks associated with different methods of transporting crude. While much of the public discourse on the subject has centered on the threat posed by the use of large pipelines, moving oil via road or rail can also be quite hazardous. Continue reading
SGAI, the information technology and automation solutions subsidiary of Capital Steel Group will become a reseller and cloud services provider of the ENFOS Platform in China.
Beijing, China, April 05, 2013 –(PR.com)– ENFOS, Inc. (“ENFOS”) has announced that a Reseller and Cloud Provider Agreement has been signed with Beijing Capital Steel Automation Information Technology Co., Ltd. (“SGAI”), the professional information technology and automation solutions subsidiary wholly-owned by Capital Steel Group (“Capital Steel”). Continue reading
The Pegasus Pipeline runs almost 850 miles from Pakota, Illinois to Nederland, Texas. It carries heavy crude oil – sourced from fields in Canada – to the Sunoco Logistics terminal on the Gulf Coast, moving as much as 95,000 barrels of oil per day.
The opening in the pipeline has reportedly been sealed, but initial estimates indicated that more than 2,000 barrels of oil may have already been released, causing panic among residents and a major headache for the company.