DivIHN has helped its clients of various industries to save costs and create value through many of its services. Some of the benefits we have delivered include:
⇗40% cost saving in IT Budget as a result of developing IT Transformation and Rationalization strategy and managing the program
⇗Developed innovative solutions in CRM, EDI, DW, BI, MDM, ITSM, Cybersecurity, Collaboration technologies, among other IT specialization.
⇗Provided technology adoption strategies and implementation services in major platforms like Mainframe, Client Server, Web, Internet, IoT, Mobile, Cloud as well as specialized areas such as telematics.
⇗Placing right people with right job through contract staffing or full time employment. Some of the roles deployed by us are BA, .NET developer, BO, SQL Svr DW Dev, Data Modeler, SP Architect, IT Audit and more.
⇗DivIHN’s professionals are aware of business trends influencing technology adoptions. They have also led technology-based business transformations.
Contact us to learn more about our IT expertise in industry segment of your interest.
Accounting for trillions of assets worldwide, the banking system is a crucial component of global economy. Banks accepts deposits and lends loan for commercial, industrial, and consumer purposes.
According to McKinsey & Company ,the banking industry generates a worldwide revenue of about $3.8 trillion annually. The combined annual revenue of US banking industry is about $465 billion. Commercial banks have about $15.2 trillion in assets, savings banks $1.1 trillion, and credit unions $1.2 trillion.
The demand for banking services depends on the level of interest rates and economic activity. The profitability of banks depends on efficient operations, good risk management and effective marketing.
Banks are exploring new opportunities in non banking financial services such as including insurance, stock brokerage, and investment management. With increase in Smartphone users , online and mobile banking by consumers and businesses in becoming more common.
Urbanizing in developing nations are opportunities for banks to expand geographically. According to International Monetary Fund’s World Economic Outlook: By 2025, the population of Africa and Asia will increase by about 350 million and 450 million, respectively. GDP in these countries is expected to grow by about 42% which is almost twice the rate of the developed world.
With evolution of Companies with an expertise business model has created a greater demand for consulting services and consultants. Consulting companies provide consulting services in the field of scientific, management and technical such as IT, Human Resource, environmental, marketing and logistics.
According to Plunkett Research, the worldwide annual revenue of consulting service is more than $450 billion. The combined annual revenue of US consulting services alone is $260 billion.
The major markets for consulting service are US and Europe, now with economic reforms there is a demand for consulting services in the Middle East particularly Saudi Arabia.
Consulting Firms are widening their area of expertise to develop into a single-source consulting service provider to corporate clients.
Consumer Products and Goods
Companies sell household appliances, cameras, computers, home furnishings, school and office products, jewellery, sporting goods, gifts, motorcycles, and foods and beverages. The United States is the world’s largest consumer goods market. As the US market is broad open, both large and small companies are benefitted.
The consumption of consumer goods depends on upgrades and replacements. The demand for consumer products is also driven by increase in middle class population and this growth share is expected to increase nearly 30 percent in the next decade. With rise in digital consumers, the manufacturers were able to sell directly to consumers. In US e-commerce sales is expected at $370 billion by 2017.
With increase in demand, successful supply chain is an important factor to meet both ends. Globalized trading is a huge opportunity for consumer goods industry to expand into new markets with constant supply and production.
Logistics & Distribution
The global population and volume of world trade are growing constantly and with them the demand for transportation grows.US transportation and logistics industry is matured and highly competitive. Companies in this sector provide transportation, warehousing goods as well as providing logistics services. It includes various modes of transportation such as air, rail, truck, and waterborne transportation; transit and ground passenger, postal, courier and messenger transportation services; and warehousing and storage services.
The demand for transportation is from all the sectors but the profitability depends highly on the health of the economic activity and trade patterns. The US transportation services sector includes about 215,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $750 billion.
Digitalization has enhanced the visibility of transportation and logistics operation. One can easily book, transact and track the delivery status via mobile application. Digitalization has automated the process and reduced the costs to a greater extent. In US 50 largest firms generate about 40% of industry revenue.
Financial markets in US are the largest and most liquid in the world. The US financial services comprises of Banking, Asset management, Venture Capital, private equity and capital markets. The finance sector comprises of three major activities such as raising funds, underwriting annuities and providing financial intermediation.
Major global financial hubs include London, New York, Hong Kong, Singapore, Tokyo, Seoul, and Zurich. Demand for sophisticated financial services is expected to grow in Asia, particularly in China and Indonesia. The demand of financial services is driven by consumer income, return on investments and business activities.
With the advances in digital technology, the finance sector is undergoing a rapid change. New business models are reshaping the structure of financial services. Globalization and growth of international trade further encouraged the financial companies to expand to foreign markets.
The traditional lines between business segments within the finance and insurance sector were blurred by the Gramm-Leach-Bliley Act of 1999, which permitted commercial banks to sell securities and insurance and enabled insurance firms to sell financial products. Deregulation led to the creation of gigantic financial services firms covering multiple industries and wide geographical areas, dramatically changing the landscape of the industry.
Health Care industry provides a wide range of health care and social services through hospitals, nursing homes, outpatient surgery centers and other facilities. The combined annual revenue of US health care sector is about $2.3 trillion which includes more than 840,000 establishments.
With modernization and digitalization the Healthcare industry around the globe is embarking transformation with the consumer centric, prevention focused and outcome oriented. Demand for health care services is driven by advancements in medical care and technology and demographics. The profitability of individual companies depends on efficient operations.
DivIHN services strategic as well as tactical IT needs. Our clients include enterprise, medium size as well as non profit organizations.
Did you know the US manufacturing sector consists of about 256,000 companies with combined annual sales of about $5.7 trillion?
The manufacturing industry manufactures a wide variety of goods; major product groups include food and beverages, chemicals, machinery, transportation equipment, and computers and electronics. The growth depends on consumer spending, efficient production and distribution. Computer systems and technologies have steadily increased the labor productivity, purchasing and marketing of US manufacturers in the last 10 years.
In this digital age the manufacturer can no longer expect a customer to consume what you manufacture. Hence it is indispensable for every manufacturing industry to be connected with their suppliers, customers, partners to be in sync with their requirements. Manufacturers can order parts and products through internet sites, speeding delivery and cutting out a layer of distributors. Internet auction sites let suppliers bid to fill supply contracts. The success of internet-based procurement is closely tied to the continuing growth and refinement of logistics networks, so suppliers can keep delivery costs low.
Have you noticed a rapid change in retail experience in the last 10 years? Last few years have seen a drastic increase in mobile shopping. The retail industry is more dynamic than ever. US retailers must evolve to succeed in the next decade.
Retail industry sell a wide range of products to consumers and businesses, from food and apparel to hardware, household goods, and office supplies. According to eMarketer, global retail sales — including both in-store and online purchases — are projected to top $28 trillion by 2018. Nearly a third of the 250 largest retail companies in the world are based in the US.
Today retail industries operate with increasing complexities in order to stay ahead of competition. Retail industries are in a need of implementing Integrated Business solution such as sales management, store management, customer management, purchase management, inventory and warehouse management for better and faster decision making.