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How to become an SAP consultant?

08/25/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are usually certain steps required to become an SAP consultant. Here is a general guide on how to become an SAP consultant:

Education and Qualifications: A college degree in a relevant field such as computer science, business administration, engineering or another relevant field is often an advantage. However, there are also entry-level positions for those without a college degree who have relevant work experience and subject matter expertise.

Make sure you have the right qualifications.

Understand SAP: Thorough knowledge of the SAP system is critical. You should understand how different SAP modules work and how they can be used in businesses. This knowledge can be gained through training, certifications and hands-on experience.

SAP Certification: although certification is not essential, it can boost your credibility and expertise as an SAP consultant. There are several SAP certification paths, depending on the modules and role you are seeking. These certifications can be obtained from SAP SE or authorized training providers.

Work experience: Practical experience is crucial to becoming a successful SAP consultant. This can be achieved through internships, part-time jobs or entry-level positions in IT or consulting. It is important to gain hands-on experience implementing, configuring, and maintaining SAP systems.

Specialization: SAP is a comprehensive system with many modules covering different business areas. You can specialize in one or more modules that fit your expertise and interests. Popular modules include SAP FI/CO (Finance and Controlling), SAP SD (Sales and Distribution Processing), SAP MM (Materials Management), and many others.

Soft Skills:As an SAP consultant, you need to have not only technical skills, but also good communication skills, problem-solving skills, and the ability to work with customers. You will often work with various stakeholders to understand their requirements and provide SAP solutions.

Build Network: Networking is important to establish yourself in the SAP community. This can be achieved by attending conferences, training, professional groups, and online forums. A strong professional network can help you find a job and advance your career.

Application and career: You can apply to IT consulting firms, companies with internal IT departments, or SAP itself. Possibly start as a junior consultant and work your way up to more challenging positions through hands-on experience and continuing education.

Remember that the path to becoming an SAP consultant can vary depending on your personal circumstances. It requires commitment, ongoing education, and a willingness to learn about evolving technologies and business needs.

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Why it is becoming increasingly difficult for B2B companies and service providers to cover their costs with Google advertising

08/25/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The digital advertising landscape has changed dramatically in recent years. Especially for B2B companies and service providers, it is becoming increasingly difficult to break even with Google advertising. In this article, we will look at the main reasons why these changes have taken place and what challenges this poses for B2B companies.

Growing competition:

The number of companies using Google advertising has increased significantly in recent years. As a result, competition for limited advertising space on search results pages and in Google Ads has increased significantly. As competition increases, so does the cost per click and per conversion, resulting in higher ad spend for B2B companies and service providers.

Rising click prices:

Click prices in Google Ads have risen sharply in many industries. Especially in B2B areas with expensive products or services, the cost per click can quickly skyrocket. It is becoming increasingly difficult for companies to find cost-effective keywords to reach their target audience.

Long sales cycles:

B2B companies and service providers often have longer sales cycles than B2C companies. Business customers tend to take longer to make decisions, which can lead to higher costs per conversion. Tracking conversions and accurately measuring advertising success becomes more complicated as a result.

Ad blockers and ad blindness:

More and more Internet users are using ad blockers to protect themselves from advertising. As a result, ads are less visible and thus less noticed. Even when companies invest in Google Ads, a significant portion of their target audience may not even see the ads.

Complexity of Google Ads:

Google Ads is an extremely complex advertising tool with many setting options and features. For small and medium B2B companies, it can be difficult to set up and optimize an effective advertising campaign, especially if there is no designated Google Ads expert in the company.

Shift to other platforms:

With the rise of social media and other advertising platforms, some companies are shifting their advertising budgets away from Google Ads. Depending on the target audience and industry, advertising on platforms such as LinkedIn, Facebook or specialized industry portals may be more cost-effective and targeted.

Conclusion:

B2B companies and service providers are finding it increasingly difficult to cover their advertising costs with Google Ads. Increasing competition, rising click prices, long sales cycles, ad blockers and the complexity of Google Ads are just some of the challenges they face. It is important that companies carefully rethink their advertising strategies and possibly consider alternative advertising platforms to effectively reach their target audience and achieve their marketing goals.

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Click fraud with Google Ads, YouTube & Co: How clickbots eat up your advertising budget

08/25/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In today's digital era, online advertising is an essential tool for businesses to reach their target audiences and promote their products or services. Platforms such as Google Ads and YouTube are particularly popular because they offer a wide reach and allow ads to be targeted to specific audiences. Unfortunately, the growing popularity of these platforms is also attracting unwanted attention from scammers who use click fraud to eat up advertising budgets and harm advertisers.

The Rise of Click Fraud: A Threat to Advertisers

Click fraud refers to the intentional generation of clicks on online ads with the aim of financially harming the advertiser or eliminating competitors. So-called "clickbots" are often used, automated scripts or programs that behave like real users and click on ads. As a result, the advertiser's advertising budget is quickly used up without actually reaching potential customers.

Platforms such as Google Ads and YouTube are particularly susceptible to click fraud, since the cost per click (CPC) plays a central role here. If an advertiser pays for every click on their ad, this creates an incentive for scammers to use clickbots and thus quickly pull money out of the budget.

The Impact on Advertisers: Lost Resources and Credibility

The impact of click fraud on advertisers is diverse and can be severe. Not only does the scam waste the budget earmarked for legitimate marketing efforts, but it can also result in false data that affects analysis of campaign performance. Advertisers may mistakenly believe their ads are getting high click-through rates, even though they are caused by clickbots. This could lead to wrong decisions when adjusting and optimizing campaigns.

In addition, click fraud can undermine advertisers' confidence in the overall effectiveness of online advertising. If advertisers get the impression that their ads are being clicked by bots and not by real potential customers, they may hesitate to continue investing in digital advertising.

Fighting Click Fraud: Prevention and Technology

To protect against click fraud, advertisers need to be proactive. Here are some proven strategies:

Monitoring and Analysis: Continuous monitoring of click patterns and activities in the advertising campaigns. Noticeable anomalies could indicate click fraud.

Use of security measures: Platforms like Google Ads offer protections against click fraud, including IP address bans and detection of suspicious activity.

Filtering Technologies: The implementation of filtering technologies to weed out suspicious traffic and only allow genuine interactions.

Partnership with trusted providers: Working with trusted advertising networks and platforms that take active measures against click fraud.

Conclusion: vigilance is key

Click fraud is a serious threat to advertisers investing in Google Ads and YouTube. It is crucial to be aware that this type of scam exists and to take proactive steps to protect yourself from it. By combining monitoring, analytics and technology, advertisers can leverage the full potential of their advertising budgets while ensuring their ads are reaching real prospects.

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Why there are so many fake job postings

08/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

In the modern world of work, finding a suitable job is often a challenging task. In addition to high competition and increasing demands from employers, job seekers also have to contend with another problem: the rise of fake job postings. These fake job postings can be harmful to both applicants and companies. In this article, we take a closer look at why there are so many fake job postings these days.

Fraudulent intentions:

One of the main reasons fake job postings are popping up is due to fraudulent intentions. Scammers use fake job postings to harvest personal information from job seekers, such as identity theft or credit card fraud. In some cases, applicants are even asked to pay a fee to apply for a supposed job that doesn't exist.

Data and information theft:

Employers are often looking for talent to hire at their companies. In doing so, some companies may use fake job postings to obtain valuable information about their competitors. Applicants may unknowingly disclose sensitive information that is then used by dishonest companies for their own purposes.

Image and brand abuse:

Some fake job postings are created by scammers to abuse the image of reputable companies. By using well-known company names, they try to gain the trust of applicants and deceive them. This can not only damage the reputation of the company in question, but also cause confusion among applicants.

Collecting applicant data:

Some companies use fake job ads to build a database of potential applicants. This data can later be used for other purposes or even sold. It is important for applicants to be careful about who they disclose their personal information to.

Test runs for internal purposes:

In some cases, companies might create fake job postings to test internal processes. This may be the case when a company wants to improve its recruitment process but has no real positions to fill. This practice is controversial, as applicants may invest time and effort without receiving real job opportunities.

How can applicants protect themselves from fake job postings?

Verify the source of the job posting: research the company and the contact information provided to ensure it is a reputable employer.

Do not disclose personal information: reputable employers will not usually ask for sensitive data such as social security numbers or credit card information early in the application process.

Pay attention to spelling and grammar: Often fake job postings contain errors and inconsistencies that can indicate their authenticity.

Use trusted job portals: Use well-known job boards and career platforms to increase your chances of finding legitimate offers.

Conclusion:

Fake job postings are an unfortunate reality in today's workforce. Applicants should be vigilant and aware that not all job postings are legitimate. By being mindful and using common sense, potential victims of fraud and data abuse can better protect themselves and increase their chances of finding genuine and rewarding career opportunities. At the same time, it's important that companies proactively address misuse of their brands to maintain the trust of applicants and customers.

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Despite the economic downturn, digital advertising continues to grow. PwC study forecasts revenues of US$663 billion from digital advertising by 2027

08/22/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Despite economic uncertainties, the digital advertising industry remains on an impressive growth trajectory. According to a recent study by PricewaterhouseCoopers (PwC), global digital advertising revenues are expected to reach $663 billion by 2027. This encouraging scenario will particularly benefit companies that specialize in AI-powered solutions to automate and optimize digital marketing activities.

Last year, digital advertising proved to be a definitive growth factor in the entertainment and media industry. According to PwC's "Global Entertainment & Media Outlook 2023-2027," global revenues in this segment rose 8.0 percent to $484 billion in 2022. Although the pace of growth is expected to slow slightly in the coming years, the general upward trend will remain. PwC's estimates suggest that global Internet advertising revenue in the entertainment and media segment could grow at a compound annual growth rate of 6.5 percent through 2027, representing potential revenue of $663 billion.

Despite economic uncertainties, the digital advertising industry remains on an impressive growth trajectory. According to a recent study by PricewaterhouseCoopers (PwC), global digital advertising revenues are expected to reach $663 billion by 2027. This encouraging scenario will particularly benefit companies that specialize in AI-powered solutions to automate and optimize digital marketing activities.

Last year, digital advertising proved to be a definitive growth factor in the entertainment and media industry. According to PwC's "Global Entertainment & Media Outlook 2023-2027," global revenues in this segment rose 8.0 percent to $484 billion in 2022. Although the pace of growth is expected to slow slightly in the coming years, the general upward trend will remain. PwC's estimates suggest that global Internet advertising revenue in the entertainment and media segment could grow at a compound annual growth rate of 6.5 percent through 2027, representing potential revenue of $663 billion.

The positive forecast is based on the adaptation of advertising practices to the time customers spend on social media platforms, in apps, on retail platforms and on gaming websites. Digital advertising is becoming smarter, more efficient, more targeted, and more focused on specific incentives to buy.

The growth in digital advertising is expected to continue

An additional growth driver in the digital advertising industry is artificial intelligence (AI). The study by SRH Berlin University of Applied Sciences shows that almost 95 percent of the marketing managers surveyed are convinced that AI will play an increasingly important role in marketing tasks in their companies. AI makes it possible not only to generate advertising content on platforms such as Amazon, Google, Facebook and Microsoft at lightning speed, but also to adapt it optimally to the individual needs of the user.

The digital advertising industry is thus not only demonstrating resilience in the face of economic turbulence, but is also being strengthened by innovative approaches and technologies such as artificial intelligence. This opens up opportunities for companies to benefit from continued growth and offer advanced solutions for the changing world of digital advertising.

In the past year, digital advertising proved to be a significant growth factor in the entertainment and media industry. According to PwC's "Global Entertainment & Media Outlook 2023-2027," global revenues in this segment grew 8.0 percent to $484 billion in 2022. Although the pace of growth is expected to slow slightly in the coming years, the general upward trend will remain. PwC's estimates suggest that global Internet advertising revenue in the entertainment and media segment could grow at a compound annual growth rate of 6.5 percent through 2027, representing potential revenues of $663 billion.

The positive forecast is based on the alignment of advertising practices with the amount of time customers spend on social media platforms, in apps, on retail platforms and on gaming websites. Digital advertising is becoming smarter, more efficient, more targeted, and more focused on specific incentives to buy.

The growth in digital advertising is expected to continue

An additional growth driver in the digital advertising industry is artificial intelligence (AI). The study by the SRH Berlin University of Applied Sciences shows that almost 95 percent of the marketing managers surveyed are convinced that AI will have an increasing significance for marketing tasks in their companies. AI makes it possible not only to generate advertising content on platforms such as Amazon, Google, Facebook and Microsoft at lightning speed, but also to adapt it optimally to the individual needs of the user.

The digital advertising industry is thus not only demonstrating resilience in the face of economic turbulence, but is also being strengthened by innovative approaches and technologies such as artificial intelligence. This opens up opportunities for companies to benefit from continued growth and offer advanced solutions for the changing world of digital advertising.

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