Risk

Green financing: sustainable investments

Grüne Finanzierung ist ein Konzept, das sich auf die Bereitstellung von Kapital für umweltfreundliche Projekte und Unternehmen konzentriert. Diese Finanzierungsform zielt darauf ab, ökologische Nachhaltigkeit zu fördern und gleichzeitig finanzielle Renditen zu generieren. Zu den gängigen Instrumenten der grünen Finanzierung gehören grüne Anleihen, nachhaltige Investmentfonds, grüne Kredite und umweltbezogene Aktien. In den vergangenen Jahren hat die Bedeutung der grünen Finanzierung erheblich zugenommen. Dies ist auf ein wachsendes Bewusstsein für Umweltprobleme […]

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The future with edge computing

Edge computing is a concept in information technology that moves data processing and analysis closer to where the data is generated. Instead of sending data to remote data centres, processing takes place directly at the edge of the network, close to the end devices or sensors. This enables faster data processing and reduces the volume of data to be transmitted. This technology is particularly important in areas that require real-time processing and low latency, such as Industry 4.0, Internet of Things

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Sustainable corporate goals: ESG in focus

ESG stands for Environmental, Social and Governance and refers to the three key areas of sustainability in companies. These factors play a decisive role in the development and realisation of sustainable corporate goals. Companies that take ESG criteria into account integrate environmental and social aspects into their business strategy and focus on responsible corporate governance. This enables them to create long-term value, minimise risks and improve relationships with stakeholders. ESG criteria serve as an orientation framework for

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The power of big data: how data is shaping the future

Big data refers to the processing and analysis of data volumes that cannot be handled using conventional data processing methods due to their size, complexity and growth rate. This data comes from various sources such as social media, business transactions, the Internet of Things (IoT) and industrial systems. Big data is often characterised by the "3 V's": Volume (amount of data) Velocity (speed of data generation and processing) and Variety (variety of data formats). Analysing big data enables companies to

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When is a CMMS the right choice for you?

A CMMS (Computerised Maintenance Management System) is an advanced software solution for optimising maintenance and servicing processes in companies. These systems act as a centralised data management tool for all plant and maintenance-related information. CMMS solutions enable the efficient planning of maintenance work, the management of work orders, the tracking of spare parts and the continuous monitoring of plant performance. The core functions of a CMMS include: 1. creation and management of maintenance schedules 2. work order management 3. spare parts and material management 4.

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Risks and opportunities of low-code/no-code platforms

Low-code/no-code platforms are development tools that enable the creation of applications with minimal or no manual programming. These technologies aim to speed up the development process and reduce reliance on extensive programming skills. Low-code platforms provide a visual development environment where users can create applications by assembling pre-built components. No-code platforms go even further and enable application creation without any programming knowledge through the use of templates and visual tools. These platforms have

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Photo Risk matrix

Project risks: strategies for minimisation

The successful realisation of a project requires the consideration of various factors, with project risks playing a central role. Project risks are defined as potential events or circumstances that could have a negative impact on the course of the project. These risks can have a variety of causes, including unexpected changes to project requirements, technical difficulties, lack of resources or external influences such as political or economic changes. It is essential for the success of a project to identify, assess and minimise risks at an early stage. This

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Reduce costs: Effective facility management

Facility management is a key factor for cost optimisation in companies. It enables a significant reduction in operating costs, which leads to an increase in profitability and competitiveness. Strategically planned and implemented facility management maximises the efficiency of buildings and facilities, optimises the use of resources and extends the service life of the infrastructure. It also helps to minimise risks and ensure occupational safety. The effective implementation of facility management requires a holistic approach,

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Simplify maintenance with a CMMS

A Computerised Maintenance Management System (CMMS) is a specialised software solution for optimising and managing maintenance processes in companies. It serves as a centralised system for planning, coordinating and monitoring maintenance activities. CMMS solutions aim to increase the efficiency of maintenance, reduce downtime and maximise the service life of equipment. Typical functions of a CMMS include Maintenance planning and scheduling Management of spare parts and inventory Recording and documentation of maintenance data Generation

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Efficient contract management according to §2b UStG

The introduction of Section 2b of the German Value Added Tax Act (UStG) has a significant impact on contract management in legal entities under public law. This paragraph regulates the VAT treatment of services provided by legal entities under public law. In contract management, this means that public law entities must review their activities for their VAT relevance. This applies in particular to services that are provided within the scope of public authority, as well as co-operations between public institutions. The correct

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The future of low-code/no-code platforms

Low-code/no-code platforms are innovative development environments that enable the creation of applications without extensive programming knowledge. These platforms utilise visual development tools and pre-built components to simplify and speed up the development process. Low-code platforms automatically generate most of the code, while no-code platforms do not require any manual programming at all. Users can create complex applications using intuitive drag-and-drop functions and modular building blocks. The use of low-code/no-code platforms has increased significantly in recent years. They offer companies the opportunity to

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Organisational negligence in FM: How to avoid it in 2024?

In the complex world of facility management, organisational failure (or at least organisational negligence) can have far-reaching consequences that go beyond immediate physical damage. From potential property damage and personal injury to long-term damage to an organisation's reputation, the risks are high. This article explores what organisational negligence (because that's at least what the allegation is about...) means, the types of harm that can occur and effective strategies to address it.

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Smartphone: Android vs. iPhone

Android and iOS are the two leading operating systems for mobile devices worldwide. Android, developed by Google, is an open source system that is used by various manufacturers such as Samsung, Huawei and Xiaomi. iOS, on the other hand, is Apple's proprietary operating system that runs exclusively on Apple devices. Android is characterised by its diversity. It offers a wide range of devices in different price categories, from low-cost entry-level models to high-end smartphones. This diversity makes it possible to

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The future of municipal operations: Digitalisation and AI in finance

Digitalisation has played an increasingly important role in the financial management of municipal companies in recent years. Processes can be optimised, costs reduced and transparency increased through the use of digital technologies. The automation of financial processes enables municipal companies to use their resources more efficiently while minimising the error rate. In addition, digitalisation opens up opportunities for innovative business models and services that benefit residents and local businesses. Another important aspect

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Effective DevOps practices for successful software development

DevOps is a software development methodology that promotes the integration of development and IT operations. The aim is to accelerate the software development process and improve the quality of software products. The core elements of DevOps are automation, continuous integration and deployment (CI/CD) as well as constant monitoring. DevOps strives for close collaboration between development and operations teams to break down silos and enable a more efficient way of working. By implementing DevOps practices, companies can

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The four project phases: Planning, realisation, control, completion

Project management is a structured method for planning, implementing and controlling complex projects. It comprises four main phases: Initiation, planning, implementation and completion. In the initiation phase, project objectives are defined and resources are allocated. The planning phase includes the detailed development of schedules, budgets and risk management strategies. During the implementation phase, the planned activities are realised and continuously monitored. The closing phase is used to evaluate the success of the project and document the findings. Effective project management requires clear communication,

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What are containers in software development?

Containerisation is a technology for isolating applications and their dependencies in standardised units called containers. This method enables consistent deployment and scaling of software regardless of the underlying infrastructure. Containers are lightweight, portable and autonomous units that ensure fast and consistent deployment of applications in different environments. The benefits of containerisation include: 1. consistent execution environment: applications run in a standardised environment, independent of the host infrastructure. 2.

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Risk assessment: Everything at risk?

Risk assessment is a systematic process for identifying, analysing and evaluating potential hazards and risks in various areas. It serves to anticipate possible negative effects and develop suitable measures to minimise risks. The application of risk assessment extends across numerous sectors, including industry, healthcare, environmental protection and finance. As part of risk assessment, quantitative and qualitative methods are used to determine the probability and extent of potential damage. This includes

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The Chief Privacy Officer: protecting privacy in the company

The Chief Privacy Officer (CPO) is a central management position in organisations responsible for the protection and security of data. The main tasks of the CPO include: 1. developing and implementing data protection guidelines 2. ensuring compliance with applicable data protection laws 3. promoting data protection awareness within the company 4. training employees in data protection issues The CPO works across departments to integrate data protection aspects into all areas of the company. As the point of contact for external data protection authorities, the

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Use cases for low-code and no-code platforms

Low-code and no-code platforms are innovative application development technologies that simplify and accelerate the development process. Low-code platforms enable the creation of applications with minimal manual programming effort, while no-code platforms do not require any programming at all. These technologies are becoming increasingly important in the business world as they increase efficiency and reduce development costs. The platforms offer user-friendly interfaces with drag-and-drop functionality, ready-made components and integrations to other systems. This also enables employees without extensive

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